The Morning Call---Who do you trust?

 

The Morning Call

 

6/10/22

 

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/stocks-slump-dollar-jumps-ahead-cpi-event-risk

 

            Who do you trust?

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

 

            What insider trades (and non-trades) tell us about future returns.

            https://www.evidenceinvestor.com/what-insider-trades-and-non-trades-tell-us-about-future-returns/

 

            The latest reads on sentiment.

            https://www.linkedin.com/in/edward-yardeni/recent-activity/

 

            Bear markets can last more than a couple of months.

https://www.washingtonpost.com/business/beware-of-a-bear-market-that-is-more-than-a-cub/2022/06/08/59972dc0-e723-11ec-a422-11bbb91db30b_story.html?pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWJpZCI6IjI5NTkyODQwIiwicmVhc29uIjoiZ2lmdCIsIm5iZiI6MTY1NDY5MjY3MCwiaXNzIjoic3Vic2NyaXB0aW9ucyIsImV4cCI6MTY1NTkwMjI3MCwiaWF0IjoxNjU0NjkyNjcwLCJqdGkiOiIzZWVkNzM1MC01NmExLTQ0OWEtODlmNi1kY2MxMDJlMjAxNmUiLCJ1cmwiOiJodHRwczovL3d3dy53YXNoaW5ndG9ucG9zdC5jb20vYnVzaW5lc3MvYmV3YXJlLW9mLWEtYmVhci1tYXJrZXQtdGhhdC1pcy1tb3JlLXRoYW4tYS1jdWIvMjAyMi8wNi8wOC81OTk3MmRjMC1lNzIzLTExZWMtYTQyMi0xMWJiYjkxZGIzMGJfc3RvcnkuaHRtbCJ9.bXbbxUAyuNrKqdHO9yS9lk_jgQ69ijnANW5D9JIrhAg

 

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

                          May Japanese PPI was 0.0% versus estimates of +0.5%.

 

                          May Chinese CPI was -0.2% versus predictions of -0.3%.

 

                        Other

 

                          Its supply, stupid.

                          https://www.realclearmarkets.com/articles/2022/06/09/theyre_all_keynesians_now_conservatives_throw_in_the_towel_on_inflation_836409.html

 

                          Three anecdotal signs that the housing market is slowing.

                          https://qz.com/2175572/three-signs-the-us-housing-boom-is-petering-out/

 

                          Sixty years of the misery index.

                          https://econbrowser.com/archives/2022/06/sixty-years-of-the-misery-index

 

            The Fed

 

              A kind word for the Fed---sort of.

              https://ritholtz.com/2022/06/feds-fault/

 

              Lagarde’s dilemma.

              https://www.zerohedge.com/markets/euro-weakens-fragmentation-fears-rise-hawkish-lagarde-promises-bond-bailout

 

            Inflation

 

              An alternative theory on what causes inflation.

              https://www.ft.com/content/4e3327f5-473a-4e76-b04d-e5d884219deb

 

              Ukraine safe passage grain talks fail.

              https://www.zerohedge.com/personal-finance/ukraine-safe-passage-grain-talks-fail-expect-still-higher-food-prices-globally

 

              Avocado prices hit fresh record high.

              https://www.zerohedge.com/commodities/avocado-prices-hit-fresh-record-high-amid-supply-side-factors

 

            Recession

 

              Current nowcasts still project growth in Q2.

              https://www.capitalspectator.com/us-economic-activity-still-expected-to-post-rebound-for-q2-gdp/

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            Eight secrets to a (fairly) fulfilled life.

            https://www.theguardian.com/lifeandstyle/2020/sep/04/oliver-burkemans-last-column-the-eight-secrets-to-a-fairly-fulfilled-life

 

 

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