The Morning Call---Why the next decade might no be so positive

 

The Morning Call

 

10/22/24

 

The Market

         

    Technical

 

            Monday in the charts.

            https://www.zerohedge.com/markets/bonds-bitcoin-dump-dollar-crude-jump-leading-economic-index-hits-8-year-lows

 

            Low stress levels.

            https://www.zerohedge.com/the-market-ear/lowest-stress-ahead-election-ever

 

            Precious metal momentum.

            https://www.zerohedge.com/the-market-ear/precious-metals-monster-momentum

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

                        Other

 

                          The frozen housing market.

                          https://www.advisorperspectives.com/commentaries/2024/10/21/homes-frozen?firm=mauldin-economics

 

            Fiscal Policy

 

              The unsustainable national debt.

              https://blogs.lse.ac.uk/usappblog/2024/10/17/whoever-wins-the-election-will-inherit-an-unsustainable-national-debt-and-no-plan-to-address-it/

 

              Spending is the problem, not taxes.

              https://scottgrannis.blogspot.com/2024/10/federal-spending-is-problem-not-taxes.html

 

              Federal interest payments.

              https://econbrowser.com/archives/2024/10/federal-interest-payments-to-the-public-vs-to-the-rest-of-federal-government

 

            Tariffs

 

              Trump’s tariffs pose greater economic threat than his tax cuts.

              https://thehill.com/opinion/finance/4938752-trump-economic-policies-impact/

 

    Bottom line

 

            Why this earnings season could send stocks soaring.

            https://investorplace.com/hypergrowthinvesting/2024/10/why-this-earnings-season-could-send-stocks-soaring/

 

            But why the next decade may not be quite so positive.

            https://www.bloomberg.com/opinion/articles/2024-10-21/s-p-rally-wall-street-braces-for-a-lost-decade-but-not-yet?srnd=homepage-americas

 

            Sell bonds, buy gold.

            Sell Bonds, Buy Gold? (yardeniquicktakes.com)

 

            Why the West should be paying more attention to the gold price.

            https://www.ft.com/content/b5fb1e6b-bb8d-4ab5-9c92-f1f6fc40a54b

 

            Silver short squeeze.

            https://www.zerohedge.com/precious-metals/silver-squeeze-has-officially-begun

 

    News on Stocks in Our Portfolios

 

Sherwin Williams press release (NYSE:SHW): Q3 Non-GAAP EPS of $3.37 misses by $0.17.

Revenue of $6.16B (+0.7% Y/Y) misses by $40M.

 

Genuine Parts press release (NYSE:GPC): Q3 Non-GAAP EPS of $1.88 misses by$0.55.

• Revenue of $6B (+3.1% Y/Y) beats by $50M.

 

 

What I am reading today

 

            Learning from history.

            https://www.realclearmarkets.com/articles/2024/10/21/the_greatest_lesson_of_history_is_to_learn_history_1066365.html

 

            The laws of financial health.

            https://marknewfield.substack.com/p/the-laws-of-financial-health

 

 

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