The Morning Call
4/13/22
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/bonds-bullion-black-gold-soar-cpi-brainard-pumpndump-stocks
Retail flows turned
negative.
https://www.zerohedge.com/markets/retail-flows-turn-negative-last-market-bull-capitulates
More on the yield
curve inversion.
https://alhambrapartners.com/2022/04/10/weekly-market-pulse-what-yield-curve-inversion/
Treasuries surge
threatens bond bull market.
Fundamental
Headlines
The
Economy
US
Weekly mortgage
applications declined 1.3% while purchase applications rose 1.4%.
Month to date retail
chain store sales grew less rapidly than in the prior week.
The March budget deficit was $193 billion
versus forecasts of $191 billion.
March PPI rose
1.4% versus consensus of 1.1%; core PPI was +1.0% versus +0.5% (remember that
PPI anticipates CPI).
International
February Japanese
machinery orders fell 9.7% versus expectations of -1.5%.
The March Chinese
trade balance was +$47.3 billion versus predictions of +$22.4 billion.
March UK CPI was
+1.1% versus estimate of +0.7%; core CPI was +0.9% versus +0.5%.
Other
Inflation
Inflation in rising globally.
https://www.nytimes.com/2022/04/12/business/global-inflation.html
The Fed is dancing with a new partner.
https://www.zerohedge.com/markets/inflation-fed-new-dance-partner-contend
Recession
The prospects of recession.
https://www.ft.com/content/c8c859ca-31d7-48b4-b944-a2af4bd46d36
Bottom line
Planning for the
worse case.
https://americanconsequences.com/kim-iskyan-why-you-need-a-plan-z/
Take the 2 ½% and
run.
https://thereformedbroker.com/2022/04/12/take-that-two-and-a-half-percent-and-run/
The March Fund
Managers Survey showed growing pessimism, but no one is selling.
https://www.zerohedge.com/markets/mood-wall-street-apocalyptic-yet-nobody-wants-sell-heres-why
News on Stocks in Our Portfolios
BlackRock press
release (NYSE:BLK):
Q1 Non-GAAP EPS of $9.52 beats by $0.65.
Revenue of $4.7B (+6.8% Y/Y) misses by $60M.
Fastenal press
release (NASDAQ:FAST):
Q1 GAAP EPS of $0.47 beats by $0.02.
Revenue of $1.7B (+20.3% Y/Y) beats by $10M.
Fastenal (NASDAQ:FAST)
declares $0.31/share quarterly dividend,
in line with previous.
What
I am reading today
Company
plans to release 2.4 billion genetically altered mosquitoes.
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
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