Wednesday, March 9, 2022

The Morning Call---Will they or won't they?

 

The Morning Call

 

3/9/22

 

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/rollercoaster-session-sends-stock-soaring-then-tumbling-session-lows

 

            Currencies and commodities in perspective.

            http://scottgrannis.blogspot.com/2022/03/currencies-commodities-in-perspective.html

 

            Watch the VIX.

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

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications rose 8.5% while purchase applications were up 8.6%

 

Month to date retail chain store sales grew at approximately the same pace as in the prior week.

 

January wholesale inventories were up 0.8%, in line.

 

                        International

 

The final Q4 Japanese GDP growth was 1.1% versus consensus of +1.4%; Q4 capital expenditures were up 0.3% versus +0.7%; Q4 private consumption was up 2.4% versus +2.7%.

 

February Chinese CPI was +0.6% versus estimates of +0.3%.

 

                        Other

 

                          Recession?

                          https://econbrowser.com/archives/2022/03/recession-the-term-spread

 

            The Fed

 

              The failure of Modern Monetary Theory.

              https://www.zerohedge.com/economics/failure-mmt-now-evident

 

              Why hike?

              https://www.zerohedge.com/markets/why-hike-global-financial-conditions-are-tightest-over-three-years

 

              Will they or won’t they?

              https://www.zerohedge.com/markets/will-they-or-wont-they-fed-faux-pas-imminent

 

            Geopolitics

 

              Banning Russian oil is easier said than done.

              https://oilprice.com/Energy/Energy-General/Not-All-Oil-Is-Equal-Why-Banning-Russias-Crude-Is-Risky.html

 

              The chance of global food shortages is a real problem.

              http://mrzepczynski.blogspot.com/2022/03/commodity-markets-in-world-war-more.html

 

              The fallout from the Ukraine war.

              https://www.project-syndicate.org/commentary/economic-policy-response-to-ukraine-war-by-mohamed-a-el-erian-2022-03

 

              Punch.

              https://www.zerohedge.com/political/watch-live-biden-ban-russian-oil-imports-over-ukraine-war

 

                  Counterpunch.

              https://www.zerohedge.com/markets/putin-signs-countermeasure-decree-limiting-russian-exports-after-bidens-russian-oil-import

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            This guy is the head of the Joint Chiefs of Staff whose job it is to protect the country.

            https://www.powerlineblog.com/archives/2022/03/the-madness-of-slow-joe-iran-edition-5.php

 

 

                        Dealing with intangibles investments in the valuation process.

            https://alphaarchitect.com/2022/03/03/factor-investing-are-internally-generated-intangibles-worthless/

 

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