The Morning Call--Powell's inflation benchmarks

 

The Morning Call

 

11/18/21

 

 

The Market

         

    Technical

 

            Wednesday in the charts.

            https://www.zerohedge.com/markets/rivian-routed-small-caps-slammed-bonds-bitcoin-bullion-bounce

 

            The bond market conundrum.

            https://www.pragcap.com/the-return-of-the-bond-market-conundrum/

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                          Weekly jobless claims totaled 268,000 versus expectations of 260,000.

 

October housing starts fell 0.7% versus estimates of up 0.6%; building permits rose 4.0% versus up 4.5%.

                          https://www.advisorperspectives.com/dshort/updates/2021/11/17/new-residential-housing-starts-down-0-7-in-october

 

The November Philadelphia Fed manufacturing index was reported at 39 versus predictions of 24.

 

                        International

 

                        Other

 

                          Economic kryptonite.

                          https://americanconsequences.com/kim-iskyan-economic-kryptonite-part-2/

 

            Fiscal Policy

 

              The fraud of Biden’s inflation policy.

              https://www.washingtontimes.com/news/2021/nov/15/the-fraud-of-bidens-inflation/

 

              Yet another gem.

              https://www.zerohedge.com/energy/response-soaring-gas-prices-biden-orders-ftc-immediately-probe-illegal-conduct-oil-gas

 

            The Fed

 

              How did the Fed get it so wrong?

              https://thehill.com/opinion/finance/581582-how-did-the-fed-get-it-so-wrong-on-inflation

 

                  Powell’s five inflation benchmarks.

              https://www.bloomberg.com/news/articles/2021-11-17/powell-s-five-inflation-benchmarks-are-starting-to-flash-amber?sref=loFkkPMQ

 

            The coronavirus

 

              The continuing insanity of our Covid policy.

              https://marginalrevolution.com/marginalrevolution/2021/11/the-paxlovid-paradox.html

 

     Bottom line.

 

            Outlook for 2022 S&P earnings.

            https://politicalcalculations.blogspot.com/2021/11/fall-2021-snapshot-of-expected-future-s.html#.YZVgHGDMKUk

 

    News on Stocks in Our Portfolios

 

BlackRock (NYSE:BLK) declares $4.13/share quarterly dividend, in line with previous.

 

What I am reading today

 

           

 

 

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