The Morning Call---Is Yellen back in control?

 

The Morning Call

 

1/11/24

 

I have day surgery tomorrow (Thursday) at 6AM. I am not sure what that means for a Friday blog. But I will be back for sure on Monday.

 

The Market

         

    Technical

 

Wednesday in the charts.

https://www.zerohedge.com/markets/bonds-black-gold-drop-big-tech-pops-ahead-inflation-data

 

            The historic performance of the S&P in January and presidential election years.

            https://www.advisorperspectives.com/commentaries/2024/01/10/historically-slow-january-should-keep-sp-bears-satisfied

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

                        Other

 

            The Fed

 

              When does QT end?

              https://www.zerohedge.com/markets/why-fed-capitulated-and-when-does-qt-end-and-qe-restart

 

                  Is Yellen now back in control?

              https://www.zerohedge.com/markets/fed-has-outsourced-decision-making-politically-motivated-yellen-will-run-economymarkets-hot

 

                          The expiration of the Fed Bank Bailout Facility argues for early rate cuts.

              https://www.zerohedge.com/markets/expiry-fed-bank-bailout-facility-strengthens-calls-earlier-rate-cut

 

            Fiscal Policy

 

              The folly of net zero.

              https://www.powerlineblog.com/archives/2024/01/the-folly-of-net-zero.php

 

            Recession

 

              Soft landing narratives often precede recessions.

              https://snippet.finance/narratives-before-recession/

 

              Recession avoided? History says otherwise.

              https://www.cnn.com/2024/01/09/investing/premarket-stocks-trading/index.html

 

  US trade with China/world continues to shrink.

  https://politicalcalculations.blogspot.com/2024/01/us-trade-with-china-world-continues.html

 

  The leading index for commercial real estate increased in December.

  https://www.calculatedriskblog.com/2024/01/leading-index-for-commercial-real.html

 

China

 

  Don’t ignore the coming election in Taiwan.

  https://www.zerohedge.com/markets/bigger-they-are-harder-they-fall-bofa-highlights-risk-everyones-missing-mag7-stocks

 

            The Bond Market

 

              Extreme disagreement on interest rates among forecasters.

              https://apolloacademy.com/extreme-disagreement-among-forecasters-about-the-outlook-for-long-term-interest-rates/

 

     

 

           

 

    News on Stocks in Our Portfolios

     Automatic Data Processing (NASDAQ:ADP) declares $1.40/share quarterly dividend, in line with         previous.

 

 

What I am reading today

 

           

 

 

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