The Morning Call--The repo market may throw a fit

 

The Morning Call

 

1/23/24

 

The Market

         

    Technical

                

Monday in the charts.

https://www.zerohedge.com/markets/bitcoin-battered-bonds-black-gold-bid-leading-indicators-signal-recession

 

            Three more charts.

            https://www.zerohedge.com/the-market-ear/3-charts-pockets-market-are-stretched

 

            The S&P versus other benchmarks.

            https://www.capitalspectator.com/us-stock-market-at-record-while-drawdowns-prevail-elsewhere/

 

            Investors shift focus to Q2 2024.

            https://politicalcalculations.blogspot.com/2024/01/s-500-sets-new-record-high-as-investors.html

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

The December leading economic indicators were down 0.1% versus expectations of down 0.3%.

                             https://www.advisorperspectives.com/dshort/updates/2024/01/22/leading-economic-index-conference-board-signal-underlying-weakness

                                                         

                        International

 

                        Other

 

              The role politics play in sentiment.

              https://econbrowser.com/archives/2024/01/the-non-atavistic-component-republican-economic-sentiment-as-sentiment-jumps

 

              Update on high frequency indicators.

              https://www.calculatedriskblog.com/2024/01/update-on-high-frequency-indicators.html

 

The Fed

 

  The repo market may throw a fit.

  https://www.reuters.com/markets/us/market-repo-market-may-throw-fit-spur-fed-action-2024-01-22/

 

Fiscal Policy

 

  We don’t need another Budget Commission; we need political will.

  https://www.aei.org/economics/a-new-budget-commission-wont-have-a-plan-to-boost-political-will/

 

            Recession

 

              Why the global supply chain is about to get worse.

              https://www.fastcompany.com/91012196/why-the-global-supply-chain-is-about-to-get-a-whole-lot-worse

 

              Prepare for a very ugly two years in commercial real estate.

              https://www.zerohedge.com/markets/cantor-fitzgerald-ceo-says-prepare-very-ugly-two-years-cre-turmoil

 

            Civil Strife

 

              Clashing crises.

              https://www.advisorperspectives.com/commentaries/2024/01/21/clashing-crises-global-john-mauldin

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            Sports Illustrated RIP.

            https://www.realclearmarkets.com/articles/2024/01/22/bye_bye_to_sports_illustrated_you_literally_took_my_breath_away_1006279.html

 

            Tuesday morning humor.

           

 

 

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