The Morning Call---Free at last, free at last, great God almighty i am free at last

 

The Morning Call

 

11/13/24

 

 

The Market

         

    Technical

 

            Tuesday in the charts.

            https://www.zerohedge.com/market-recaps/small-caps-slayed-yields-crypto-dollar-soar

 

            The latest from Goldman’s top trader.

            https://www.zerohedge.com/markets/goldman-top-trader-sees-more-tailwinds-stocks-year-end-perhaps-more-tails

 

            The impact of a strong dollar on stock prices.

            https://www.bespokepremium.com/interactive/posts/think-big-blog/the-dollar-and-domestics

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly mortgage applications were up 0.5% while purchase applications were up 2.0%.

 

                          Month to date retail chain store sales grew slower than in the prior week.

 

                          October CPI was up 0.2%, in line; core CPI was up 0.3%, also in line.

                          https://www.zerohedge.com/personal-finance/core-consumer-prices-rise-53rd-straight-month-hit-new-record-high

 

The November RCM economic optimism index came in at 53.2 versus estimates of 47.0.

                       

                        International

 

                          October Japanese PPI was +0.2% versus projections of 0.0%.

 

                        Other

 

                          NY Fed survey finds broad improvement in sentiment.

                          https://www.zerohedge.com/markets/ny-fed-survey-finds-broad-improvement-economic-sentiment-inflation-expectations-slide

 

                          October heavy truck sales down 14%.

                          https://www.calculatedriskblog.com/2024/11/heavy-truck-sales-decreased-in-14-yoy.html

 

                          Europe braces for Trump.

                          https://www.nytimes.com/2024/11/12/business/economy/europe-economy-donald-trump.html

 

            Monetary Policy

 

              Fed expectations are wrong.

              https://www.apolloacademy.com/fed-expectations-are-wrong/

           

            Fiscal Policy

 

              Free at last, free at last, great God almighty I am free at last (follow through).

              https://www.zerohedge.com/political/manhattan-project-our-time-musk-and-vivek-ramaswamy-head-department-government-efficiency

 

              How ugly will Trump’s immigration policy get?

              https://mishtalk.com/economics/how-ugly-will-trumps-mass-deportation-get/

 

            Tariffs

 

              The possible impacts of tariffs.

              https://alhambrapartners.com/weekly-market-pulse-turn-turn-turn/?src=news

 

              Trade war and recession.

              https://econbrowser.com/archives/2024/11/trade-war-and-recession

 

    Bottom line

 

            An interview with Jim Bianco.

            https://themarket.ch/english/its-time-to-position-the-portfolio-for-rising-yields-and-a-stronger-dollar-ld.12488

 

            Don’t take ‘what the Market is telling you’ too seriously.

            https://behaviouralinvestment.com/2024/11/12/dont-worry-about-what-the-market-is-telling-you/

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

            Quote of the day.

            https://cafehayek.com/2024/11/quotation-of-the-day-4826.html

 

 

 

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