Tuesday, August 10, 2021

The Morning Call---Is this as good as it gets?

 

The Morning Call

 

8/10/21

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/crypto-soars-stocks-bore-bullion-bears-roar

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Preliminary read on Q2 nonfarm productivity showed it up 2.3% versus estimates of +3.5%.

 

The June JOLTS (job openings) report show 10.1 million available jobs versus expectations of 9.3 million.

                          https://www.calculatedriskblog.com/2021/08/bls-job-openings-increase-to-series.html

 

The July small business optimism index came in at 99.7 versus consensus of 102.5.

 

                        International

 

The August EU economic sentiment index was reported at 42.7 versus 61.2 in July; the August German economic sentiment index was 40.4 versus forecasts of 56.7.

 

                        Other

 

            Fiscal Policy

 

              Don’t believe the narrative that the infrastructure bill is ‘paid for’.

              https://www.realclearmarkets.com/articles/2021/08/09/dont_be_fooled_by_the_bipartisan_paid_for_infrastructure_bill_789069.html

 

              The infrastructure bill’s impact is likely to be limited.

              https://www.wsj.com/articles/infrastructure-bills-boost-to-economy-is-likely-to-be-limited-11628416802

 

            The coronavirus

 

              Some updated data on the virus.

              https://www.advisorperspectives.com/commentaries/2021/08/06/covid-consumer-headache

 

              Promising new covid drug.

              https://www.zerohedge.com/covid-19/90-patients-treated-experimental-israeli-covid-drug-discharged-within-5-days

 

     Bottom line

 

            Is this as good as it gets?

            https://www.zerohedge.com/markets/peak-everything-we-just-had-best-quarter-history-and-its-all-downhill-here

 

            Why it makes sense to be hedging your bets.

            https://www.bloomberg.com/opinion/articles/2021-08-09/markets-are-running-hot-on-the-inflation-jobs-enigma-machine?sref=loFkkPMQ

 

            A world awash in capital.

            https://ritholtz.com/2021/08/so-much-cash/

 

    News on Stocks in Our Portfolios

 

FactSet Research Systems (NYSE:FDS) declares $0.82/share quarterly dividend, in line with previous.

 

What I am reading today

 

            Woke politics and the military.

            https://townhall.com/columnists/willalexander/2021/08/09/woke-politics-destroyed-the-marine-corps-i-knew-n2593790

           

            The importance of rejuvenation.

            http://traderfeed.blogspot.com/2021/08/the-importance-of-rejuvenation.html

 

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