The Morning Call---Let the Market come to you

 

The Morning Call

 

1/19/22

 

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/bonds-stocks-bitcoin-battered-rage-hike-fears-grow

 

            Put love is back.

            https://www.zerohedge.com/the-market-ear/cap25qohrc

 

            Not everyone is ‘buying the dip.’

            https://www.zerohedge.com/the-market-ear/cd6wglcgd

 

            US Treasuries sell off as Market prices in four Fed rate hikes.

            https://www.ft.com/content/fb684de4-fa00-4791-a062-fdcd737a08d2

 

            Bund yields positive for first time in three years.

            https://www.zerohedge.com/markets/bund-yields-turn-positive-first-time-3-years-usts-bounce-critical-support

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications rose 2.3% while purchase applications were up 7.9%.

 

                          Month to date retail chain store sales grew faster than in the prior week.

 

December housing starts were up 1.4% versus consensus of -2.0%; building permits were up 9.1% versus +0.4%.

                          https://www.zerohedge.com/personal-finance/renter-nation-strikes-multifamily-units-spark-surge-us-housing-starts-permits

 

                          The January housing index came in at 83 versus forecasts of 84.

                           https://www.calculatedriskblog.com/2022/01/nahb-builder-confidence-decreased-to-83.html

                                   

                        International

 

Final December German CPI was +0.5%, in line; final December UK CPI was +0.5% versus +0.3%; core CPI was +0.5% versus +0.2%.

 

                        Other

 

The coronavirus

 

  The World Health Organization says booster shots for children are useless.

  https://www.zerohedge.com/covid-19/who-crushes-biden-covid-plan-says-no-evidence-all-healthy-kids-needs-booster-jabs

 

  CDC admits cloth mask are ineffective.

  https://www.zerohedge.com/political/rand-paul-wonders-if-youtube-will-kiss-my-and-apologize-after-cdc-admits-cloth-masks

 

     Bottom line.

 

            The Market doesn’t owe you anything.

            https://allstarcharts.com/its-your-growth-problem-not-mine/

 

            Let the Market come to you.

            https://thereformedbroker.com/2022/01/18/let-the-market-come-to-you/

 

            ‘Passive ETF’s’ are hiding a bear market.

            https://www.advisorperspectives.com/commentaries/2022/01/18/passive-etfs-are-hiding-the-bear-market

 

            Reducing the noise in decision making.

            http://mrzepczynski.blogspot.com/2022/01/systematic-investing-reducing-noise.html

 

    News on Stocks in Our Portfolios

 

            Microsoft buys Activision.

            https://seekingalpha.com/article/4480224-microsoft-buys-activision?messageid=2800&utm_campaign=4480224&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+Article+Smart

 

Qualcomm (NASDAQ:QCOM) declares $0.68/share quarterly dividend, in line with previous.

 

Fastenal press release (NASDAQ:FAST): Q4 GAAP EPS of $0.40 beats by $0.03.

Revenue of $1.53B (+12.5% Y/Y) beats by $30M

 

Fastenal (NASDAQ:FAST) declares $0.31/share quarterly dividend, 10.7% increase from prior dividend of $0.28.

 

What I am reading today

 

            Quote of the day.

            https://cafehayek.com/2022/01/quotation-of-the-day-3775.html?utm_source=feedburner&utm_medium=email

 

 

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