Tuesday, June 11, 2024

The Morning Call---The similarities to 2000

 

The Morning Call

 

6/11/24

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/bitcoin-bullion-black-gold-bid-stocks-bonds-shrug-eu-elections

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

The May small business optimism index was 90.5 versus consensus of 89.8.

 

                        International

 

The April UK unemployment rate was 4.4% versus expectations of 4.3%; April average earnings were up 5.9% versus +5.7%.                       

 

                        Other

 

                        Rail carloads down YoY in May.

                        https://www.calculatedriskblog.com/2024/06/aar-rail-carloads-down-yoy-in-may.html

 

            The Fed

 

              The paradox of Fed policy.

              https://finance.yahoo.com/news/housing-market-crisis-shows-tool-182807934.html

 

            Inflation

 

              Home ownership costs up 26% since pandemic began.

  https://www.bloomberg.com/news/articles/2024-06-10/homeownership-costs-in-the-us-jumped-26-since-pandemic-began?srnd=homepage-americas&sref=loFkkPMQ

 

 

            Recession

 

              The predictive value of a yield curve inversion.

              https://www.econlib.org/lessons-from-a-non-recession/

 

             Geopolitics

 

              Geopolitical breakdown.

              https://www.advisorperspectives.com/commentaries/2024/06/10/geopolitical-breakdown-john-mauldin

 

    Bottom line

 

            The similarities to 2000.

            https://www.zerohedge.com/markets/its-not-2000-there-are-similarities

 

    News on Stocks in Our Portfolios

  FedEx (NYSE:FDX) declared $1.38/share quarterly dividend9.5% increase from prior dividend of $1.26.

What I am reading today

 

            Quote of the day.

            https://cafehayek.com/2024/06/quotation-of-the-day-4663.html

 

 

            91 kitchen tips.

            https://www.realsimple.com/food-recipes/cooking-tips-techniques/kitchen-tips-techniques

 

 

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