The Morning Call--Government debt and inflation

 

The Morning Call

 

6/4/24

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/stocks-slide-bonds-bid-crude-crumbles

 

            Something is changing.

            https://www.zerohedge.com/the-market-ear/somethings-changing

 

            Is the Market rigged?

            https://allstarcharts.com/the-market-is-rigged/

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                          April construction spending fell 0.1% versus estimates of +0.2%.

                          https://www.calculatedriskblog.com/2024/06/construction-spending-decreased-01-in.html

 

                          The May ISM manufacturing index was 48.7 versus predictions of 49.6.

                          https://www.calculatedriskblog.com/2024/06/ism-manufacturing-index-decreased-to.html

 

                        International

 

                          The May German unemployment rates was 5.9%, in line.

 

                        Other

 

            The Fed

 

              The ECB is expected to cut rates this week.

  https://finance.yahoo.com/news/world-rate-paths-set-diverge-200000424.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuY2FwaXRhbHNwZWN0YXRvci5jb20v&guce_referrer_sig=AQAAAC1V8-m267svNrXbZ6ee2E6mQkGyrA4Q7dojYgQqnrqHO9YDLkSWNf-ah_BeStyoYy33b2EFYs6k_makDGOBihGtkISncoGbfaW7bMKDTOgbu1ocoWa-qnxp4sxIwERT1BYdrk6psN6yhaDfNunalirEL1l7JTt1qYhqj7QmkA4v

 

            Inflation

 

              Flash April inflation stats.

              https://econbrowser.com/archives/2024/06/instantaneous-inflation-rates-for-april

 

              Government debt and inflation.

              https://wolfstreet.com/2024/06/01/spiking-interest-payments-on-the-ballooning-us-government-debt-v-tax-receipts-and-inflation-q1-update/

 

              Inflationary perceptions.

              https://www.advisorperspectives.com/commentaries/2024/06/03/inflationary-perceptions-john-mauldin

 

              OPEC gives up on $100/barrel oil.

              https://www.bloomberg.com/opinion/articles/2024-06-03/opec-says-goodbye-to-its-100-a-barrel-oil-quest?srnd=homepage-americas&sref=loFkkPMQ

 

            Geopolitics

 

              Geopolitical risk is everywhere.

              https://www.zerohedge.com/markets/geopolitical-risk-everywhere

 

     Bottom line

 

            Lots of money on the sidelines.

            https://www.apolloacademy.com/a-puzzle-in-markets/

 

            Update on valuations.

            https://www.advisorperspectives.com/dshort/updates/2024/06/03/market-valuation-is-the-market-still-overvalued

 

            Tech valuations.

            https://www.zerohedge.com/the-market-ear/suddenly-these-2000-comparisons-are-back-vogue-again

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

            Is steak a health food now?

            https://www.gq.com/story/is-steak-a-health-food-now

                       

                        Quote of the day.

            https://cafehayek.com/2024/06/bonus-quotation-of-the-day-1033.html

 

            The executive branch is a criminal enterprise.

            https://www.nakedcapitalism.com/2024/06/the-twenty-first-executive-branch-is-a-criminogenic-environment.html

 

            Inside Kevin Costner’s Horizon gamble.

            https://www.gq.com/story/kevin-costner-gq-cover-story

 

 

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