Friday, January 14, 2022

The Morning Call---Is the bond market wrong about inflation?

 

The Morning Call

 

1/14/22

 

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/bitcoin-breakevens-big-tech-breakdown-inflation-batters-bond-bears

 

            It doesn’t have to make sense.

            https://allstarcharts.com/it-doesnt-have-to-make-sense/

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

December retail sales fell 1.9% versus estimates of being flat; ex autos, they were down 2.3% versus +0.2%.

                         https://www.zerohedge.com/personal-finance/us-retail-sales-tumble-most-february-web-revenues-crash

 

                        International

 

The November EU trade balance was -E1.5 billion versus consensus of +E11.5 billion.

 

The November UK trade balance was +L.63 billion versus predictions of -L2.7 billion; November industrial production was up 1.0% versus +0.2%; November GDP was +0.9% versus +0.4%.

 

The December Chinese trade balance was $94.6 billion versus forecasts of $74.5 billion.

 

                        Other

 

                          For the optimists.

                          https://thereformedbroker.com/2022/01/12/rejoice-inflation-and-omicron-may-be-peaking-at-the-same-time/

 

            Inflation

 

              Is the bond market wrong about inflation?

              http://scottgrannis.blogspot.com/2022/01/the-bond-market-is-wrong-about-inflation.html

 

            The coronavirus

 

              Is anyone ever going to take responsibility for this mess?

              https://brownstone.org/articles/is-anyone-going-to-accept-responsibility-for-this/

 

     Bottom line

 

As you know, my entire investment strategy is built around the central theme of growing dividend income. Here is some support for that thesis from the folks at Wisdom Tree.

            https://www.wisdomtree.com/blog/2022-01-13/the-most-important-charts-for-2022

 

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            ‘Cage free’ and other useless designations on eggs.

            https://lifehacker.com/cage-free-is-basically-meaningless-and-other-lies-yo-1848308957

 

            The hypocrisy of climate change.

            https://www.zerohedge.com/markets/yachts-be-exempt-eus-carbon-pricing-plan

 

 

Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.

 

 

 

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