The Morning Call (early)

 

The Morning Call

 

3/20/24

 

I have surgery early tomorrow morning; so I post this Tuesday night.

 

The Market

         

    Technical

 

            Tuesday in the charts.

             https://www.zerohedge.com/markets/nvda-fails-impress-bonds-black-gold-bid-ahead-fed

 

            Blackout of buybacks threatens bull run.

            Blackout Of Buybacks Threatens Bullish Run - RIA (realinvestmentadvice.com)

 

            The import of a declining bond market.

            https://allstarcharts.com/re-your-bond-market-crash/

 

            Bullish commodities.

            https://entrylevel.topdowncharts.com/p/chart-of-the-week-bullish-commodities

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

                        Other

 

            The Fed

 

              The Fed is playing a waiting game on rate cuts.

              https://www.wsj.com/economy/central-banking/federal-reserve-interest-rate-cuts-rules-bd19a124?mod=economy_lead_pos1

 

              Expectations for a June rate cut continue to fade.

              https://www.capitalspectator.com/expectations-for-june-rate-cut-continue-to-fade/

 

              There are still a lot of questions regarding the Fed’s balance sheet.

  https://www.bloomberg.com/news/articles/2024-03-19/fed-s-balance-sheet-discussions-this-week-explained?srnd=homepage-americas&embedded-checkout=true&sref=loFkkPMQ

 

 

            Inflation

 

              We should fear a sticky inflation mess.

              https://www.ft.com/content/482460c2-3ce8-44d3-af3c-afc5e523ccc8

 

              Fact checking ‘greedflation’.

              https://www.aier.org/article/fact-checking-greedflation/

 

              There goes the Fed’s inflation target.

              https://www.zerohedge.com/markets/there-goes-feds-inflation-target-goldman-sees-terminal-rate-100bps-higher-35

           

            Recession

 

              Lack of clarity remains.

              https://alhambrapartners.com/2024/03/17/weekly-market-pulse-an-economic-overview/?src=news

           

              Latest US recession probability.

              https://politicalcalculations.blogspot.com/2024/03/us-recession-probability-nears-double.html

 

              The latest macroeconomists survey.

              https://econbrowser.com/archives/2024/03/march-ft-booth-macroeconomists-survey-gdp-recession-r

 

              What soft landing?

  https://www.project-syndicate.org/commentary/us-economy-soft-landing-not-guaranteed-by-michael-r-strain-2024-03?utm_source=Project%20Syndicate%20Newsletter&utm_campaign=f4fd791645-ECON-NEWSLETTER_2024-03_14&utm_medium=email&utm_term=0_-e4393264df-%5BLIST_EMAIL_ID%5D&mc_cid=f4fd791645&mc_eid=8850557fd6

 

 

            The Election

 

              The 2024 swing states.

              https://www.nakedcapitalism.com/2024/03/introduction-to-swing-states-in-the-presidential-election-of-2024-general-survey.html

 

            Civil Strife

 

              They came for me; they can come for you.

              https://www.zerohedge.com/political/they-came-me-they-can-come-you-former-trump-adviser-peter-navarro-reports-prison

 

    Bottom line

 

            Economic conditions scream ‘buy gold’.

            https://www.zerohedge.com/economics/us-economic-conditions-scream-buy-gold

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            Quote of the day.

            https://cafehayek.com/2024/03/quotation-of-the-day-4580.html

 

 

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