The Morning Call
4/8/22
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/stocks-oil-dump-n-pump-yield-curve-un-inverts
S&P stuck in a
range.
https://www.zerohedge.com/the-market-ear/chbfbhhccy
Ed Yardini’s
Market risk proxy remains low.
https://www.linkedin.com/in/edward-yardeni/recent-activity/
Fundamental
Headlines
The
Economy
US
February consumer
credit rose by $41.8 billion versus estimates of +$16.6 billion.
International
March Japanese
consumer confidence came in at 32.8 versus consensus of 34.0.
Other
The
hard truth about solving the energy crisis.
https://www.wired.co.uk/article/global-energy-crisis-price-rise-solution?utm_source=digg
Some interesting
non-Market related charts.
https://www.powerlineblog.com/archives/2022/04/the-geek-in-pictures-catch-up-edition.php
The Fed
The Fed is about
to make a huge policy mistake. Note: the Fed has already made a huge mistake
with its irresponsibly aggressive QEForever monetary expansion and zero real
rate Fed Funds policies. The author asks the right question at the end of the
article---why do we keep trusting monetary policy to a bunch of ivory tower
economists who are consistently wrong?
https://www.pragcap.com/the-fed-is-about-to-make-a-huge-policy-error/
Fiscal
Policy
US gas production will fall due to lack of new
pipelines.
https://www.zerohedge.com/commodities/us-gas-production-set-fall-lack-pipelines
Another great idea
from your friendly ruling class: green supply chain rules for corporations.
Inflation
More on home affordability.
Goldman warns of higher oil prices.
Bottom line
More on valuations.
News on Stocks in Our Portfolios
What
I am reading today
Thoughts
on the soundness of artificial intelligence.
https://marginalrevolution.com/marginalrevolution/2022/04/the-chinese-room-thinks.html
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