The Morning Call--The Magnificent Seven back on top

 

The Morning Call

 

1/19/24

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/stocks-gain-senate-stopgap-trumps-hindenbergs-hawkspeak-hard-data-bad-news

 

            More charts.

            https://www.zerohedge.com/the-market-ear/crude-dynamics-crypto-conundrums-and-static-spx

 

            The Magnificent Seven back on top.

            https://www.zerohedge.com/the-market-ear/tech-titans-triumph

 

            Will the dollar rally ever end?

            https://allstarcharts.com/will-this-dollar-rally-ever-end/

 

            The dollar’s rise is triggering intervention fears.

            https://www.bloomberg.com/news/articles/2024-01-18/dollar-dominance-is-triggering-intervention-fears-across-markets?srnd=premium&sref=loFkkPMQ

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

                          December Japanese CPI rose 0.1% versus estimates of down 0.1%.

 

                          December German PPI was -1.2% versus predictions of -0.5%.

 

December UK retail sales fell 3.2% versus expectations of -0.5%; ex fuel, they were down 3.3% versus -0.6%.

 

                        Other

 

Government Shutdown

 

  Senate passes stop gap funding measure. Now to the house.

  https://www.zerohedge.com/political/senate-passes-stopgap-house-freedom-caucus-insists-border-measures

 

            Recession

 

              GDP trajectory.

              https://econbrowser.com/archives/2024/01/gdp-trajectory-the-view-from-wall-street

 

              Mid-January business cycle indicators.

              https://econbrowser.com/archives/2024/01/50939

 

              The bill is coming due on a record amount of commercial real estate loans.

              https://www.wsj.com/real-estate/commercial/the-bill-is-coming-due-on-a-record-amount-of-commercial-real-estate-debt-451ec8cb?mod=hp_lead_pos11

 

            The Financial System

 

              What is the Basel III end game?

              https://www.nytimes.com/2024/01/18/business/banks-capital-basel-iii-endgame.html

 

    Bottom line

 

            Commodities are an intriguing contrarian play.

            https://www.capitalspectator.com/commodities-are-still-an-intriguing-contrarian-trade/

                

            ETF’s as a means to diversification.

            https://www.advisorperspectives.com/commentaries/2024/01/17/stock-niche-etf-pickers-market

 

A turbulent year for stocks.

https://www.zerohedge.com/markets/its-going-be-most-turbulent-year-stocks

 

    News on Stocks in Our Portfolios

 

What I am reading today

 

            Why American cities are squalid.

            https://unherd.com/?p=495917

 

            Solving one of history’s greatest cold cases.

            Exclusive: This is how you solve one of history's greatest cold cases (nationalgeographic.com)   

                                               

            US facts of the day.

            https://marginalrevolution.com/marginalrevolution/2024/01/u-s-a-facts-of-the-day-5.html?utm_source=feedly

 

            Quote of the day.

            https://cafehayek.com/2024/01/quotation-of-the-day-4516.html

 

            A strategy guide for the two point conversion.

            https://www.nytimes.com/2024/01/13/upshot/nfl-playoffs-2-point-conversion.html

 

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