The Morning Call
12/15/21
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/stocks-bond-commodities-crumble-dollar-rips-ahead-fed
Expect a volatile
options expiration on Friday.
https://www.zerohedge.com/markets/43-trillion-reasons-be-nervous-fridays-option-expiration
Breadth continues
to deteriorate.
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications
fell 4.9% while purchase applications were up 0.7%.
November retail sales increased 0.3% versus
expectations of +0.8%; ex autos, they were
up +0.3% versus +0.9%.
The December NY
Fed manufacturing index came in at 31.9 versus projections of 25.0
International
November Chinese
YoY industrial production was up 3.8% versus consensus of +3.6%; November YoY retail
sales were up 3.9% versus +4.6%; November YoY fixed asset investments were up
5.2% versus +5.4%; the November unemployment rate was 5.2% versus 4.9%.
November UK CPI
was +0.7% versus estimates of +0.4%; core CPI was +0.5% versus +0.3%; the
retail price index weas +0.7% versus +0.4%; PPI was +0.9% versus +0.8%; core
PPI was +0.8% versus +0.3%.
Other
There is not enough oil.
https://doomberg.substack.com/p/theres-not-enough-oil
The
Fed
The ECB’s dilemma.
https://johnhcochrane.blogspot.com/2021/12/the-ecbs-dilemma.html
Inflation
Has inflation peaked?
https://alhambrapartners.com/2021/12/12/weekly-market-pulse-has-inflation-peaked/
China
What are the odds of war with China?
Update on US/China trade.
Bottom line
The increasing
frequency of bubbles.
https://www.ft.com/content/e1c1fcf7-9bd9-47ac-abce-d3c1c9159a3e
News on Stocks in Our Portfolios
What
I am reading today
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
No comments:
Post a Comment