The Morning Call
3/6/26
The
Market
Technical
Thursday in the
charts.
https://www.zerohedge.com/markets/stocks-slammed-below-key-support-oil-yields-soar
Note: Another
volatile day. Intraday, the S&P pushed back below its 100 DMA,
then recovered and
closed right on it. That is the good news. The bad news is that the index has
now made a second lower high and an initial lower low---hinting at potential
direction (down). Still that is not enough to convince me that we are going
lower. Patience (do nothing).
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
Gold tumbles on
strong dollar and higher Treasury yields.
Gold is stuck.
https://www.zerohedge.com/the-market-ear/gold-stuck-oil-panic-real-crisis-trade
What is going on beneath the surface.
The
ETF Portfolio Strategist: 06 MAR 2026
Fundamental
Headlines
The
Economy
US
January retail
sales fell 0.2% versus estimates of -0.3%; ex autos, they were unchanged as anticipated.
February
nonfarm payroll declined 92,000 versus projections of +59,000; the unemployment
rate was 4.4% versus 4.3%.
International
Q4 EU (3rd
est.) GDP grew 0.2% versus consensus of +0.3%; unemployment was up 0.2%, in
line.
The February UK
home price index rose 0.3%, in line.
Other
Lower jobless claims---a good sign.
https://bonddad.blogspot.com/2026/03/new-regime-of-lower-jobless-claims.html
Iran
The Gulf States dilemma over Iran.
Hormuz
closure math.
Qatar’s energy minister offers dire warning.
Iran’s chaos war strategy.
Straitjacket:
Iran's Chaos War Strategy
Inflation
Companies reporting raging inflation.
https://wolfstreet.com/2026/03/05/companies-report-raging-inflation-except-in-wages-rents/
The outlook for inflation doesn’t look good.
The
Inflation Outlook Doesn’t Look Good - Carson Group
Affordability
Update on housing affordability.
https://politicalcalculations.blogspot.com/2026/03/cost-of-typical-new-homes-sold-in-us.html
The
Financial System
Blackrock marks down another private credit
loan to zero.
Tariffs
Trade Court orders government to refund
tariffs.
https://mishtalk.com/economics/trade-court-orders-trump-to-refund-130-billion-in-tariffs/
Investing
How markets react to geopolitical events.
Counterpoint.
https://www.morningstar.com/markets/what-if-iran-war-is-not-short-lived
Versus how
sentiment reacts to geopolitical events.
https://econbrowser.com/archives/2026/03/will-consumer-sentiment-take-a-hit
If you are near retirement,
maybe you should sell some stock.
https://www.morningstar.com/personal-finance/maybe-you-should-sell-some-stocks
Stick to what you
know.
https://behaviouralinvestment.com/2026/03/04/stick-to-what-you-know/
How to prepare for
a recession.
https://www.advisorperspectives.com/commentaries/2026/03/05/how-prepare-recession-7-tips
Stocks tumble on
US plans to license chip exports.
https://www.zerohedge.com/markets/stocks-tumble-report-us-plans-licenses-global-chip-exports
The ‘everybody
loses’ scenario.
News on Stocks in Our Portfolios
What
I am reading today
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