The Morning Call---The inflation math for 2024

 

The Morning Call

 

4/23/24

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/gold-slumps-stocks-dumpnpumped-biggest-short-squeeze-month-algos-front-run-buybacks

 

            The bounce.

            https://www.zerohedge.com/the-market-ear/bounce-0

 

            Election year seasonality.

            https://jeffhirsch.tumblr.com/post/748119552687243264/big-election-year-q1s-dip-april-may-before-gains

 

            The strong dollar delivers wake up call for markets.

https://www.bloomberg.com/news/articles/2024-04-22/dollar-s-extended-supremacy-is-a-stark-wake-up-call-for-markets?srnd=homepage-americas&sref=loFkkPMQ

 

            Will commodities continue to outperform?

            https://www.capitalspectator.com/will-commodities-continue-to-outperform-in-2024/

 

            China’s consumers and central bank are snapping up gold.

            https://www.businessinsider.com/gold-price-china-consumers-central-bank-pboc-economy-concerns-dedollarization-2024-4

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                          March building permits fell 3.7% versus forecasts of -4.3%.

 

                        International

 

The April EU flash consumer confidence index was -14.7 versus consensus of -14.0.

 

The April Japanese flash manufacturing PMI was 53.5 versus projections of 53.2; the flash services PMI was 54.6 versus 54.0; the flash composite PMI was 52.6 versus 52.0; the April German flash manufacturing PMI was 42.2 versus 42.8; the flash services PMI was 50.5 versus 48.6; the flash composite PMI was 53.3 versus 50.6; the April EU flash manufacturing PMI was 45.2 versus 46.5; the flash services PMI was 52.9 versus 51.8; the flash composite PMI was 55.4 versus 50.8; the April UK flash manufacturing PMI was 48.7 versus 50.3; the flash services PMI was 54.9 versus 53.0; the flash composite PMI was 54.0 versus 53.0.

 

                        Other

 

                          March median household income.

                          https://econbrowser.com/archives/2024/04/real-median-household-income-for-march

 

            The Fed

 

              The Bank of China leaves rates unchanged.

              https://www.wsj.com/economy/central-banking/chinas-benchmark-lending-rates-kept-unchanged-0547a10b?mod=economy_lead_pos2

 

            Fiscal Policy

 

              The student loan forgiveness scam.

              https://www.wsj.com/articles/biden-save-student-loan-forgiveness-plan-miguel-cardona-states-lawsuits-fb2a17bc?mod=hp_opin_pos_5#cxrecs_s

 

              The bad faith Olympics.

              https://www.zerohedge.com/political/bad-faith-olympics

 

            Inflation

 

              The inflation math for the rest of 2024.

              https://www.apolloacademy.com/inflation-scenarios/

 

              Government could stop inflation if it wanted.

              https://www.zerohedge.com/political/governments-could-stop-inflation-if-they-wanted-they-will-not

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

            Tuesday morning humor.

            https://babylonbee.com/news/10-other-things-mike-johnson-wants-to-fund-before-the-border

 

                        The key to a successful life.

            https://traderfeed.blogspot.com/2024/04/the-key-to-successful-life.html

 

            The US strategy for great power competition.

            https://www.nakedcapitalism.com/2024/04/us-strategy-for-great-power-competition-more-graft-and-hope-for-wonder-weapons.html

 

                        How to die in good health.

            https://www.newyorker.com/magazine/2024/04/22/how-to-die-in-good-health

 

 

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