The Morning Call---Another private credt collapse

 

The Morning Call

 

2/27/26

 

The Market

         

    Technical

 

            Thursday in the charts.

            https://www.zerohedge.com/markets/software-jumps-momo-slumps-ai-dumps-most-deepseek-bonds-bullion-bid

 

            Thursday in the technical stats.

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

            https://www.barchart.com/stocks/market-performance

            https://www.barchart.com/stocks/sectors/rankings

            https://www.barchart.com/stocks/signals/new-recommendations

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

January PPI was up 0.5% versus forecasts of +0.3%; core PPI was up 0.8% versus +0.3%.

https://www.zerohedge.com/personal-finance/surging-services-costs-spark-unexpected-surge-us-producer-prices-january

 

The February Kansas City Fed manufacturing index was 10 versus predictions of -1.

 

                        International

 

January Japanese preliminary industrial production grew 2.2% versus consensus of +5.3%; January retail sales were up 4.2% versus +1.5%; January YoY construction orders were up 5.9% versus +12.0%; February YoY CPI was +1.6% versus +1.5%; YoY core CPI was up 1.8% versus +1.7%.

 

The February UK consumer confidence index was down 19 versus expectations of -15.

 

The February German unemployment rate was 6.3%, in line; February CPI was +0.2% versus +0.5%.

 

                        Other

 

                          Update on credit card balance, delinquencies and collections.

                          https://wolfstreet.com/2026/02/25/credit-card-delinquencies-balances-burden-credit-limits-and-collections-in-q4-2025/

 

 

                                                  Shipping industry sends signal for strong consumer demand.

  https://www.wsj.com/business/logistics/shipping-industry-sends-strong-consumer-demand-signal-for-the-year-153775ec?mod=business_lead_pos2

 

                                                  More clarity in jobless claims.

                         https://bonddad.blogspot.com/2026/02/more-clarity-in-jobless-claims-both.html

 

            AI

 

              The extreme and improbable economics of the Citrini AI report.

              https://www.ft.com/content/597ea81c-184f-45ab-a8c1-4306a3579ceb

 

            The Financial System

 

              Here we again: billions vaporized in another private credit collapse.

              https://www.zerohedge.com/markets/here-we-go-again-billions-vaporized-spectacular-private-credit-collapse

 

     Investing

 

            Diversification is the answer to Market concentration.

            https://www.morningstar.com/stocks/stock-market-concentration-has-surpassed-its-1930s-peak-should-investors-worry

 

            The rising number of Quality stocks in the Value indices.

            https://www.advisorperspectives.com/commentaries/2026/02/26/quality-value

 

            Bullish momentum holds in global asset allocation.

            https://www.capitalspectator.com/bullish-momentum-holds-firm-in-global-asset-allocation/

 

            Ten stocks the best money managers have been buying lately.

            https://www.morningstar.com/stocks/10-stocks-best-fund-managers-have-been-buying-recently

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

           

                        How reading books regulate your nervous system.

            https://bigthink.com/mind-behavior/how-reading-books-regulates-your-nervous-system/

 

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