The Morning Call
3/28/24
The
Market
Technical
Wednesday in the
charts.
Q1 pension rebalancing
the largest since Q2 2023.
https://www.zerohedge.com/the-market-ear/largest-rebalance-going-back-june-2023
Fundamental
Headlines
The
Economy
US
Weekly initial jobless claims totaled 210,000
versus estimates of 215,000.
Q4 GDP growth was 3.4%
versus expectations of 3.2%; real consumer spending was up 3.3% versus +3.0%;
the PCE price index was up 1.8%, in line.
International
Q4 UK GDP growth
was -0.3%, in line; Q4 business investment was up 1.4% versus +1.5%; February auto
production was up 14.6% versus up 17.0%.
February German
retail sales fell 1.9% versus forecasts of up 0.3%; the March unemployment rate
was 5.9%, in line.
Other
The
Fed
M2 update—still positive.
https://scottgrannis.blogspot.com/2024/03/m2-updatestill-looking-good.html
Fiscal
Policy
CBO director warns of growing debt problem
(must read)
Europe has the same problem.
https://www.zerohedge.com/markets/expect-financial-crisis-europe-france-epicenter
We can’t wish away the looming entitlements crisis.
https://reason.com/2024/03/27/biden-and-trump-try-to-wish-away-the-looming-entitlement-crisis/
Inflation
Oil to $100/barrel.
A brief history of inflation in revolutionary
France.
https://www.zerohedge.com/markets/bad-good
Recession
Two recession indicators that failed.
https://www.tker.co/p/when-the-recession-indicators-failed
News on Stocks in Our Portfolios
What
I am reading today
The
economic growth potential of AI.
https://climateerinvest.blogspot.com/2024/03/professor-nordhaus-are-we-approaching.html
Quote of the day.
https://cafehayek.com/2024/03/quotation-of-the-day-4587.html
The need to reboot civics
instruction.
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for Survival’s website (http://investingforsurvival.com/home)
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