The Morning Call---Mainstream media rhetoric is changing

 

The Morning Call

 

5/9/25

 

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/market-recaps/bitcoin-big-tech-soar-beijing-brits-better-data-spark-bond-bloodbath

 

                Thursday in the Market stats.

            https://www.barchart.com/stocks/momentum

            https://www.barchart.com/stocks/sectors/sectors-heat-map

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

                        International

 

March Japanese household spending was up 0.4% versus estimates of down 0.5%; the preliminary March leading economic indicators came in at 107.7 versus 107.5.

 

The April Chinese trade balance was $96.2 billion versus projections of $89.0 billion.

 

                        Other

 

                          Hotel occupancy up YoY.

                          https://www.calculatedriskblog.com/2025/05/hotels-occupancy-rate-increased-18-year.html

 

                          Globalization did not hollow out the middle class.

                          https://www.noahpinion.blog/p/globalization-did-not-hollow-out

 

            Recession

 

              Talk about a change in mainstream media rhetoric, this is amazing:

 

              Recession warnings are everywhere except in the data.

              https://www.nytimes.com/2025/05/07/business/economy-tariffs-recession-indicators-fed.html

 

              Tariffs are bad but they won’t cause a recession.

                          https://www.bloomberg.com/opinion/articles/2025-05-08/tariffs-will-be-bad-but-they-won-t-cause-a-recession?srnd=homepage-americas&sref=loFkkPMQ

 

              And stagflation won’t be that big of a problem.

              https://www.bloomberg.com/opinion/articles/2025-05-08/tariffs-will-be-bad-but-they-won-t-cause-a-recession?srnd=homepage-americas&sref=loFkkPMQ

 

            Tariffs

 

              A first look at the US/UK trade deal.

              https://www.ft.com/content/e9d311f3-ce7d-4f72-8a46-a84b1181ff33

 

              Fact checking Trump’s claims on trade with Canada.

              https://talkmarkets.com/content/economics--politics/fact-check-on-trumps-claim-we-dont-do-much-business-with-canada?post=496565

 

     Investing

 

            The portfolio problem.

            https://behaviouralinvestment.com/2025/05/06/the-portfolio-problem/

 

            Earnings estimates after Liberation Day.

            https://www.apolloacademy.com/after-liberation-day/

 

            The latest developments in bitcoin.

            https://www.investors.com/news/bitcoin-price-100000-coinbase-2-9billion-deal-strategy-mstr-stock/

 

            Bitcoin leads major markets.

            https://www.capitalspectator.com/bitcoin-leads-global-markets-since-liberation-day/

 

            Crypto in beast mode.

            https://www.zerohedge.com/the-market-ear/crypto-beast-mode-eth-melts-faces-btc-eyes-ath

 

            The return of gold as a global reserve asset.

            https://www.theinstitutionalriskanalyst.com/post/interview-henry-smyth-on-the-return-of-gold-as-global-reserve-asset

 

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

           

 

 

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