The Morning Call
3/2/22
Sorry for the
delay. My internet was down.
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/stocks-slammed-bonds-bitcoin-bullion-black-gold-soar
Retail investors
buying puts.
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications declined 0.7%
while purchase applications were down 1.8%.
Month to date retail chain store sales grew at
a slower pace than in the prior week.
January construction spending was up 1.3%
versus consensus of +0.2%.
https://www.calculatedriskblog.com/2022/03/construction-spending-increased-13-in.html
The February manufacturing
PMI came in at 57.3 versus predictions of 57.5.
The February ISM
manufacturing index was reported at 58.6 versus expectations of 58.0.
The February ADP
private payrolls report showed job increases of 475,000 versus projections of
388,000.
International
The January German
unemployment rate was 3.1% versus estimates of 3.2%.
February EU flash
CPI was +0.9% versus forecasts of +0.4%.
Other
The Atlanta Fed cuts its Q1 GDP nowcast to
0.0%.
https://www.zerohedge.com/markets/stagflation-deck-atlanta-fed-cuts-q1-gdp-00
Geopolitical strategists exist to make economist
look good.
https://alhambrapartners.com/2022/02/27/weekly-market-pulse-well-that-was-a-surprise/
January median household income.
The
Fed
Investors bet that the Ukraine crisis will
slow central bank monetary tightening.
https://www.ft.com/content/0886ebb2-a9a5-45d6-9577-559aab413286
Inflation
Rents increasing sharply year over year.
https://www.calculatedriskblog.com/2022/03/rents-still-increasing-sharply-year.html
Geopolitics
Europe’s wakeup
call---irrespective of Putin’s plan for any future invasions of EU countries,
Europe has finally realized it has a responsibility to defend itself.
https://www.city-journal.org/ukraine-invasion-is-europes-wake-up-call
This link is to a
video that shows the annual geographical makeup of Europe from 400BC to
present. Notice that, with the exception
of a few years, Ukraine never existed except as a part of the Russian empire.
https://thereformedbroker.com/2022/03/01/europes-borders-400-bc-thru-today/
This would be funny if it weren’t so
sad/unsettling.
https://www.powerlineblog.com/archives/2022/03/we-are-not-a-serious-country-5.php
A cold war déjà vu moment.
The list of foreign companies pulling out of
Russia keeps growing.
Hitting Russia where it hurts the most.
News on Stocks in Our Portfolios
Buyer Alert
Yesterday the
Dividend Growth Portfolio purchased one half position in Primerica ($124)
What
I am reading today
How
Einstein arrived at his theory of general relativity.
https://lithub.com/how-einstein-arrived-at-his-theory-of-general-relativity/
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for Survival’s website (http://investingforsurvival.com/home)
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