The Morning Call
11/11/21
The
Market
Technical
Wednesday in the
charts.
https://www.zerohedge.com/markets/crypto-gold-dollar-soar-cpi-surge-sparks-fed-faux-pas-fears
Seasonality trade
still intact.
https://www.zerohedge.com/the-market-ear/c6fn0frxj
Bond market
telling a different story.
https://www.zerohedge.com/the-market-ear/cvxclfevch
Bitcoin versus
gold.
https://www.zerohedge.com/the-market-ear/ccwbbedelf
Fundamental
Headlines
The
Economy
US
September wholesale inventories rose 1.4%
versus predictions of up 1.1%.
International
The September UK
trade balance was -L2.8 billion versus consensus of -L3.4 billion; September
industrial production fell 0.4% versus +0.2%; September YoY construction output
was up 7.2% versus +6.9%; Q3 GDP growth was +1.3% versus +1.5%; Q3 business
investment was up 0.4% versus +2.6%.
October Japanese PPI came in at +1.2% versus estimates
of +0.4%.
October YoY
Chinese vehicle sales declined 9.4% versus expectations of -18.0%.
Other
Global GDP shrinks at slower pace in October.
The
Fed
A fourth mandate for the Fed?
https://www.nysun.com/editorials/a-fourth-mandate-for-the-fed/91730/
Fiscal
Policy
Shutting down the energy industry.
Inflation
More on the rising labor costs/cost push
inflation issue.
https://www.advisorperspectives.com/commentaries/2021/11/10/labor-strike-while-the-iron-is-hot
Barry Ritholtz has another reason to not
question that inflation is transitory.
https://ritholtz.com/2021/11/time-peak-inflation/
BofA not so sanguine.
https://www.zerohedge.com/economics/heat-blistering-inflation-will-make-fed-start-sweating-bofa
The
coronavirus
The fallout from the lockdown.
https://brownstone.org/articles/the-war-weve-lived-and-the-birth-of-the-new/
The sure cure for the vaccination problem.
https://www.zerohedge.com/covid-19/if-biden-wants-increase-vaccine-demand-vienna-has-answer
Bottom line
More fuel for the
bulls.
News on Stocks in Our Portfolios
Automatic Data Processing (NASDAQ:ADP) declares $1.04/share quarterly dividend, 12% increase from
prior dividend of $0.93.
What
I am reading today
Thoughts
on the politics of education.
https://marginalrevolution.com/marginalrevolution/2021/11/yglesias-on-crt.html
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for Survival’s website (http://investingforsurvival.com/home)
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