The Morning Call---Buyer Alert

 

The Morning Call

 

 

2/18/22

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/bonds-bullion-bid-bullard-blinken-bloviation-batters-big-tech-bitcoin

 

            High yield bond stress.

            https://www.zerohedge.com/the-market-ear/crwwl8hcp

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

                          January  Japanese CPI was up 0.1% versus estimates of 0.0%

 

January UK retail sales grew 1.9% versus projections of +1.0%; ex fuel, they were up 1.7% versus +1.2%.

 

                        Other

 

                          When is too much debt too much debt?

                          https://www.tker.co/p/weekly-consumer-corporate-debt-levels

 

                          Wells Fargo’s gauge for supply chain pressures.

                          https://econbrowser.com/archives/2022/02/wells-fargo-pressure-gauge-for-supply-chain-pressures

 

                          Goldman changes its tune.

                          https://www.zerohedge.com/markets/goldmans-startling-admission-economy-may-be-slowing-more-expected

 

            The Fed

 

              An interesting interpretation of the Powell Put (must read).

              https://www.advisorperspectives.com/commentaries/2022/02/16/the-feds-put-is-not-what-you-think-it-is

 

              And supported by an ex Fed staffer.

              https://www.zerohedge.com/markets/fed-repo-oracle-zoltan-poszar-explains-why-powell-must-crash-market

           

            Fiscal Policy

 

              Inflation is a problem of our own making.

              https://www.nationalreview.com/2022/02/building-back-stagflation/

 

            Geopolitics

 

David Stockman provides a tutorial on Ukrainian history---or lack thereof (another must read).

https://www.zerohedge.com/markets/stockman-were-not-useful-idiots

 

    Bottom line.

 

            When will we enter a bear market?

            https://allstarcharts.com/will-we-enter-into-a-bear-market/

 

            How to protect your portfolio in a down market.

            https://www.bloomberg.com/news/articles/2022-02-17/investing-ideas-how-to-protect-your-portfolio-from-a-volatile-market?sref=loFkkPMQ

 

    Buyer Alert

 

Yesterday:

 

The Dividend Growth Portfolio Added to its position in Health Services Group (HCSG-$16)

 

The High Yield Portfolio Added to its position in PetMed Express Inc (PETS-$26) and originated a position in Medifast Inc (MED-$184).

 

The Aggressive Growth Portfolio initiated a position in Universal Display Corp (OLED-$140).

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

            Red flags that could trigger a tax audit.

            https://money.usnews.com/money/personal-finance/slideshows/9-red-flags-that-could-trigger-a-tax-audit

 

            The perils of micromanaging.

            https://www.adamsmith.org/blog/micromanaging

 

            Quote of the day.

                https://cafehayek.com/2022/02/quotation-of-the-day-3806.html?utm_source=feedburner&utm_medium=email

 

 

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