The Morning Call
3/3/26
The
Market
Technical
Monday in the
charts.
https://www.zerohedge.com/markets/bond-yields-black-gold-bitcoin-blast-amid-mideast-maelstrom
Note: most investors
(including me) were surprised by the Markets seeming lack of concern over the
Iran conflict. I don’t know if it has already been fully discounted or if the
Market likes wars (it has in the past). The bond market actually sold off (in
other words, it did not act as a safe haven) which may be a function of what is
occurring in the private credit market (none of it good---see below). Whatever
the reason for the Market’s seeming indifference, the bottom line technically
is that it remains in a very tight trading range and until there is follow
through in one direction or the other, I am doing nothing.
Twelve charts you
need to see this morning.
https://www.zerohedge.com/the-market-ear/largest-amount-put-protection-ever
Monday 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
The latest from
Goldman.
https://www.zerohedge.com/markets/growing-number-problems-market
The latest from JP
Morgan.
Did gold just
print a blowoff top?
https://www.zerohedge.com/the-market-ear/did-gold-just-print-blow-top
Fundamental
Headlines
The
Economy
US
The February
manufacturing PMI was reported at 51.6 versus forecasts of 51.2.
The February ISM
manufacturing Index was 52.4 versus projections of 51.8.
https://bonddad.blogspot.com/2026/03/ism-manufacturing-in-february-positive.html
International
Q4
Japanese YoY capital spending increased 6.5% versus consensus of +3.0%; the January
unemployment rate was 2.7% versus 2.6%.
The
February EU flash CPI was +0.8% versus expectations of +0.2%.
Other
Inside the construction spending data.
Overnight
News
Iran update.
Monetary
Policy
Why the Fed is so unimportant.
Chances of a rate cut are evaporating.
AI
Good things are good.
https://scottsumner.substack.com/p/good-things-are-good
The problem AI may not be able to solve.
https://spyglass.org/ai-taste/
The
Financial System
Finance
in the dark.
https://www.phenomenalworld.org/analysis/finance-in-the-dark/
World’s
largest private credit firm hit with record redemptions.
Investing
It is never too
late.
https://humbledollar.com/forum/its-never-too-late/
Sentiment belies strong economic estimates.
This is an
interesting piece on how crashes occur and that they are unpredictable. But we
already know crashes occur unpredictably.
https://www.advisorperspectives.com/commentaries/2026/03/02/coming-crisis-fingers-instability
Being cautious on
software.
https://www.ft.com/content/c71d1039-8134-433c-bf96-5d14f3bbfdc3
News on Stocks in Our Portfolios
What
I am reading today
Whatever
happened to checks and balances?
The right to say
no.
https://www.theargumentmag.com/p/anthropic-and-the-right-to-say-no
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