The Morning Call
2/7/24
The
Market
Technical
Tuesday in the
charts.
https://www.zerohedge.com/markets/bank-blow-fears-spark-bid-bonds-bullion-bitcoin
Is 5000 on the S&P
in the cards?
S&P
Index Set To Hit 5000 As Bull Run Continues - RIA (realinvestmentadvice.com)
Fundamental
Headlines
The
Economy
US
Weekly mortgage applications
were up 3.7% while purchase applications were down 0.6%.
Month to date retail chain sore sales grew
faster than in the prior week.
Q4 household debt rose.
https://www.calculatedriskblog.com/2024/02/ny-fed-q4-report-household-debt.html
The December trade balance was -$62.2 billion,
in line.
International
The December
Japanese leading economic indicators were reported at 110.0 versus forecasts of
109.4.
December German
industrial production fell 1.6% versus predictions of -0.4%.
January Chinese
YoY vehicle sales were up 47.9% versus expectations of up 19.0%.
Other
Why are companies sitting on so much cash?
https://hbr.org/2024/02/why-are-companies-sitting-on-cash-right-now
The
Fed
Does Powell’s (Fed’s) comments mean anything?
https://alhambrapartners.com/2024/02/05/market-pulse-skeptically-optimistic/
Do we really need five or six rate cuts?
https://investorplace.com/hypergrowthinvesting/2024/02/stocks-only-need-a-few-fed-rate-cuts-to-soar/
Recession
It’s a moderate growth disinflationary world.
https://scottgrannis.blogspot.com/2024/02/its-moderate-growth-disinflationary.html
Global economic growth at seven month high.
https://www.pmi.spglobal.com/Public/Home/PressRelease/56c654c4b5ef4203a0cb93dd9417e436
The
Financial System
Another potential threat to (Treasury) market
liquidity.
The
coronavirus
New study shows the covid vaccine caused more
deaths than the lives it saved.
https://www.zerohedge.com/medical/mrna-covid-19-vaccines-caused-more-deaths-saved-study
Bottom line
January dividends
by the numbers
https://politicalcalculations.blogspot.com/2024/02/dividends-by-numbers-in-january-2024.html
Bonds are still
too expensive.
https://www.morningstar.com/bonds/bonds-are-still-too-expensive
Cash
reserves or not?
https://www.ft.com/content/9ed35dcf-7cac-41bd-a16e-6a58b8fb8638
Mutual
fund managers are wrong more than they are right.
https://www.morningstar.com/funds/mutual-fund-managers-are-wrong-more-than-theyre-right
News on Stocks in Our Portfolios
3M (NYSE:MMM) declares $1.51/share quarterly dividend, 0.7% increase from prior
dividend of $1.50.
Mastercard (NYSE:MA) declares $0.66/share quarterly dividend, in line with
previous.
What
I am reading today
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
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