The Morning Call--Powell's interview and what could have been on that balloon

 

The Morning Call

 

2/8/23

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/markets/jays-jawboning-jolts-bonds-triggers-golden-crosses-stocks-bitcoin

 

            Central banks continue to buy gold.

            https://www.zerohedge.com/commodities/central-bank-gold-reserves-chart-second-highest-increase-1950-2022

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

                      

Weekly mortgage applications were up 7.4% while purchase   applications were up 3.1%.

 

December consumer credit increased $11.5 billion versus estimates of $25 billion.

                          https://www.zerohedge.com/markets/us-consumers-hit-brick-wall-december-credit-rises-slowest-pace-2-years-interest-rates-soar

 

 

 

                        Other

           

            The Fed

 

              Volcker has left the building.

              https://www.zerohedge.com/markets/powell-post-mortem-volcker-has-left-building-and-were-not-wyoming-anymore

 

Recession

 

              Soft landing or recession?

              https://www.zerohedge.com/markets/soft-landing-or-recession

 

              The global recession began in December.

              https://www.zerohedge.com/personal-finance/welcome-global-recession-it-began-december-last-year

 

            The Chinese Balloon

 

              Navy salvage crews bringing up balloon.

              https://www.zerohedge.com/military/navy-releases-first-images-chinese-surveillance-balloon-debris

 

              What could have been on that balloon (must read).

              https://www.zerohedge.com/geopolitical/balloon-3-hypersonic-missiles-tested-china-2018

 

              Give me another break.

              https://www.zerohedge.com/markets/norad-pleads-incompetence-over-failure-spot-trump-era-chinese-spy-balloons

 

    News on Stocks in Our Portfolios

 

3M (NYSE:MMM) declares $1.50/share quarterly dividend, 0.7% increase from prior dividend of $1.49.

Rowe Price (NASDAQ:TROW) declares $1.22/share quarterly dividend, 1.7% increase from prior dividend of $1.20.

What I am reading today

 

           

 

 

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