The Morning Call
7/16/21
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/fed-fumble-slams-stocks-bond-yields-big-shorts
Technically
speaking.
Fundamental
Headlines
The
Economy
US
June industrial
production was up 0.4% versus estimates of +0.6%; capacity utilization was
75.4% versus 75.6%.
https://www.calculatedriskblog.com/2021/07/industrial-production-increased-04.html
June retail sales
rose 0.6% versus consensus of -0.4%; ex autos, they were up 1.3% versus +0.4%.
International
The May EU trade
balance was +E7.5 billion versus +E10.9 recorded in April; June CPI was +0.3%, in
line.
Other
Update on big four economic indicators.
June LA port traffic report.
https://www.calculatedriskblog.com/2021/07/la-area-port-traffic-solid-imports-weak.html
The
Fed
Stop buying mortgage backed securities.
https://thereformedbroker.com/2021/07/14/buying-mortgage-backed-securities-is-boomer-stimulus/
And stop saying the inflation is transitory.
https://www.pragcap.com/the-fed-should-stop-using-the-term-transitory/
In yesterday’s
senate testimony, Powell insists that he is not concerned about the rising cost
of living.
Inflation
Persistent not transitory inflation.
https://www.zerohedge.com/economics/one-banks-non-transitory-inflation-meter-just-exploded
Is the commodity rally near its end?
https://www.zerohedge.com/markets/calling-end-commodity-rally-not-so-fast
Bottom line.
The latest from
Jeff Gundlach.
https://www.zerohedge.com/markets/gundlach-warns-dollar-doomed-stocks-are-nosebleed-levels
Size your expectations
to your resources.
https://alephblog.com/2021/07/15/the-rules-part-lxxi/
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