The Morning Call--Is the Fed on the verge of a mistake?

 

The Morning Call

 

3/23/22

 

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/stocks-extend-historic-short-squeeze-melt-recession-rate-cut-odds-rise

 

            The Market pulse.

            https://alhambrapartners.com/2022/03/20/weekly-market-pulse-all-clear/

 

            BTFD or STFR?

            https://www.zerohedge.com/markets/btfd-or-stfr-which-it

 

            Bonds: break or brake?

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

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications fell 8.1% while purchase applications declined 1.5%.

 

The March Richmond Fed manufacturing index came in at +13 versus expectations of -1.

 

                        International

 

The January Japanese leading economic indicators were reported at 102.5 versus estimates of 103.7.

 

February UK CPI was +0.8% versus projections of +0.6%; core CPI was +0.8% versus +0.5%.

 

                        Other

 

                          People still want to do things and that’s bullish.

                          https://www.tker.co/p/consumers-spending-travel-leisure-services?s=r

           

            The Fed

 

              Larry Summers on the Fed’s latest move.

              http://larrysummers.com/2022/03/20/the-stock-market-liked-the-feds-plan-to-raise-interest-rates-its-wrong/

 

              Is the Fed on the verge of a policy mistake?

              https://www.pragcap.com/is-the-fed-on-the-verge-of-a-policy-mistake/

 

            Fiscal Policy

 

              Enough is enough (spending).

              https://thehill.com/opinion/finance/599045-from-economic-sleight-of-hand-to-stark-reality

 

                Inflation

 

              Housing affordability is crashing.

              https://www.zerohedge.com/markets/housing-affordability-about-crash-most-record

 

            Geopolitics

 

              Misunderstanding Russian strategy.

              https://www.nakedcapitalism.com/2022/03/ukraine-latest-more-shortages-misunderstanding-russian-strategy.html

 

              How effective are the Russian sanctions?

              https://econbrowser.com/archives/2022/03/guest-contribution-surprisingly-strong-sanctions

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            Unintended consequences.

            https://politicalcalculations.blogspot.com/2022/03/whats-substitute-for-sugary-soft-drinks.html#.Yjn6v-rMKUk

 

 

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