The Morning Call
1/28/26
The
Market
Technical
Tuesday in the
charts.
Tuesday in the technical stats.
https://www.barchart.com/stocks/momentum
https://www.barchart.com/stocks/sectors/rankings
https://www.barchart.com/stocks/signals/new-recommendations
Dealer balance
sheets mask a potential risk for stocks.
https://www.zerohedge.com/markets/dealer-balance-sheets-mask-potent-risk-stocks
Watch gold
volatility.
https://www.zerohedge.com/the-market-ear/watching-gold-volatility-key-here
Fundamental
Headlines
The
Economy
US
Weekly mortgage
applications declined 8.5% while purchase applications were flat.
Month to date retail
chain store sales were up 7.1% versus +5.5% in the prior week.
The November home
price index was up 0.6% versus estimates of up 0.3%.
The November Case
Shiller home price index was flat versus expectations of -0.2%.
More on new and
existing home prices.
https://bonddad.blogspot.com/2026/01/repeat-home-sales-indices-for-november.html
The January
Richmond Fed manufacturing index was -6 versus forecasts of -3.
The January
consumer confidence index came in at 84.5 versus projections of 88.0.
International
The February
German consumer confidence index came in at -24.1 versus consensus of -26.0.
Other
How consumers spend their money.
https://politicalcalculations.blogspot.com/2026/01/visualizing-how-consumer-expenditures.html
Hard to imagine an economic slowdown.
US productivity gains not reaching workers.
https://www.advisorperspectives.com/commentaries/2026/01/27/u-s-productivity-gains-no-reach-workers
US consumer debt at all-time high.
https://talkmarkets.com/content/total-us-consumer-debt-is-at-an-all-time-high?post=552673
The latest freight shipping indices not
promising.
https://mishtalk.com/economics/what-do-truck-shipping-indexes-say-about-the-us-economy/
Overnight
News
President Trump
has said for months that he’s made up his mind about who should lead the
Federal Reserve. But with each passing week without an announcement, some
people close to the process aren’t sure any of his four finalists fully meet
his requirements, a new chair who will pursue his demands for lower interest
rates while still commanding enough credibility on Wall Street and from his
colleagues to deliver them.
Bond traders are
betting on a dovish Fed shift as BlackRock’s Rick Rieder gains momentum to
succeed Powell. His advocacy for more aggressive cuts have sparked increased
trading activity in futures and options markets.
Some Bank of Japan
board members expressed rising concern over the extent to which the yen’s
depreciation is affecting price trends when they discussed policy in December
before deciding at that meeting to raise the benchmark interest rate to the
highest since 1995.
Monetary
Policy
Markets are saying that rates are on hold
until June.
https://www.capitalspectator.com/fed-rate-cuts-on-hold-till-june-according-to-market-forecasts/
Fiscal
Policy
The upside to social program spending.
Record
debt in the world’s richest economies threatens economic growth.
https://www.nytimes.com/2026/01/27/business/economy/government-debt-bonds.html
Steaming towards a government shutdown.
Inflation
Central
bank holdings tell you everything you need to know about inflation.
https://mrzepczynski.blogspot.com/2026/01/gold-central-bank-holdings-saying-no-to.html
Investing
Gold versus
stocks.
https://alhambrapartners.com/weekly-market-pulse-maybe-we-need-our-golden-fetters/?src=news
The era of the commodity premium is here to
stay.
https://www.zerohedge.com/commodities/era-commodity-premium-here-stay
The dollar hits a
four year low.
https://www.ft.com/content/04c785c0-9ca4-4a85-a279-d95c9d8f1f80
News on Stocks in Our Portfolios
What
I am reading today
How
did the walls of ancient Jericho fall?
Is
there archaeological evidence for the Biblical fall of Jericho? | National
Geographic
Visit Investing
for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
Service.
No comments:
Post a Comment