The Morning Call--Bond yields are sending a warning

 

The Morning Call

 

7/13/21

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/big-tech-bid-bitcoin-bust-bonds-buck-go-nowhere

 

            Bond yields are sending an economic warning.

            https://www.advisorperspectives.com/commentaries/2021/07/12/macroview-bond-yields-send-an-economic-warning

 

            What the VIX is telling us.

            https://www.zerohedge.com/markets/its-coming-0

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

June consumer inflation expectations for a year from now were 4.8% versus 4.0% in May.

                          https://www.zerohedge.com/markets/anything-transitory-consumers-expect-inflation-one-year-soar-record-48

 

June CPI was +0.9% versus projections of +0.5%; core CPI was +0.9% versus +0.4%

                                                  https://www.zerohedge.com/economics/transitory-us-core-consumer-prices-are-rising-fastest-pace-30-years

 

                        International

 

The June Chinese trade balance was +$51.3 billion versus estimates of +$44.2 billion.

 

                          The June German CPI came in at +0.4%, in line.

 

                        Other

 

            The Fed

 

              How does the Fed manipulate interest rates?

              https://www.pragcap.com/how-does-the-fed-manipulate-interest-rates/

 

              ECB’s LaGarde sees July policy shift.

              https://www.bloomberg.com/news/articles/2021-07-11/ecb-s-lagarde-sees-policy-change-in-july-possible-2022-measures?srnd=premium&sref=loFkkPMQ

 

            Fiscal Policy

 

              The problem (s) with Biden’s infrastructure plan.

              https://www.zerohedge.com/political/infrastructure-spending-could-be-good-it-wont-be

 

     Bottom line.

 

            Morgan Stanley expects 20% decline in stocks.

            https://www.zerohedge.com/markets/mike-wilson-re-emerges-wall-streets-biggest-bear-heres-why-he-expects-20-drop-stocks

 

 

    News on Stocks in Our Portfolios

 

Fastenal (NASDAQ:FAST): Q2 GAAP EPS of $0.42 beats by $0.01.

Revenue of $1.51B in-line (-0.1% Y/Y).

 

Fastenal (NASDAQ:FAST) declares $0.28/share quarterly dividend, in line with previous.

 

What I am reading today

 

            Six facts that the left does not want you to know about global warming.

            https://www.realclearmarkets.com/articles/2021/07/12/six_facts_the_left_doesnt_want_you_to_know_about_global_warming_784976.html

 

            The walk away move.

            https://avc.com/2021/07/the-walk-away-move/

 

            Quote of the day.

            https://cafehayek.com/2021/07/quotation-of-the-day-3583.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

 

 

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