Tuesday, November 9, 2021

The Morning Call--Ride the gravy train while it lasts

 

The Morning Call

 

11/9/21

 

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/gold-crypto-jump-dollar-dumps-after-fedspeak-fest]

 

            Ride the gravy train while it lasts.

            https://global-macro-monitor.com/2021/11/05/the-off-the-charts-bull-market/

 

            Charting the stock market melt up.

            https://www.zerohedge.com/markets/charting-stock-market-melt-feds-naivete

 

            Five signs that investors are too bullish.

            https://www.zerohedge.com/markets/5-signs-stock-market-investors-are-too-bullish

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

The October small business optimism index came in at 98.2 versus estimates of 98.0.

 

October PPI rose 0.6%, in line; YoY core PPI was up 6.8%, also in line.

                          https://www.zerohedge.com/personal-finance/us-producer-prices-rise-record-pace-october-margin-pressure-continues-build

 

                        International

 

September YoY Japanese cash earnings increased 0.2% versus projections of +0.5%.

 

September German trade balance was E16.2 billion versus forecasts of E17.7 billion.

 

November EU economic sentiment was 25.9 versus consensus of 18.5; November German economic sentiment was 31.7 versus 20.0; November German current economic conditions index was 12.5 versus 18.0.

 

                        Other

 

                          Energy complexity.

                          https://www.advisorperspectives.com/commentaries/2021/11/05/energy-complexity

 

                                  Update on seven high frequency economic indicators.

                          https://www.calculatedriskblog.com/2021/11/seven-high-frequency-indicators-for_8.html

 

            Inflation

 

              What remains of the early October inflation scare?

              https://econbrowser.com/archives/2021/11/what-remains-of-the-inflation-scare-of-october-2021

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            The physics of teleportation.

            https://www.wired.com/story/why-cant-people-teleport/

 

 

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