The Morning Call--Our National Debt Denial
The Morning Call
12/9/20
The Market
Technical
Tuesday in the charts.
Bonds, Stocks, & Bullion Bid As Complacency Careens Beyond Dot-Com Highs
Margin debt confirms market exuberance.
Margin Debt Confirms Market Exuberance
December is the best month of the year for stocks.
Yes, December Is The Best Month For Stocks... But When In December
Short call buying accelerates.
Snowflake Market Cap Surpasses IBM, AMD
Fundamental
Headlines
The Economy
US
Weekly mortgage applications fell 1.2%; purchase applications were down 5.0%.
The November small business optimism index was reported at 101.4 versus predictions of 105.0.
International
October Japanese machinery orders rose 17.1% versus estimates of up 2.8%.
The October German trade balance was E18.2 billion versus forecasts of E18.0 billion.
November Chinese CPI declined 0.6% versus consensus of -0.2% (must read).
Deflation Is Back In China As CPI Turns Negative For First Time Since The Financial Crisis
Other
Breakeven inflation is breaking out.
Breakeven Inflation is Breaking Out
More on inflation.
Q4 nowcast still shows moderate growth.
Moderate Growth Outlook Holds For US GDP In Q4
The problem with the ‘Great Reset’.
The "Great Reset" And Plans For A Global War On Savings
The Fed
Stocks on a long monetary leash.
Stocks On A Long Monetary Leash
Fiscal Policy
Our national debt denial.
Our National Debt Denial | National Review
The coronavirus
The vaccine works.
The Vaccine Works Fast - Marginal REVOLUTION
Millions of tenants headed for eviction in January.
Bottom line.
Home country bias.
The No. 1 investment mistake retirement savers are making: Vanguard study
News on Stocks in Our Portfolios
Mastercard's (NYSE:MA) board allows the company to buy back up to $6 billionof its class A common shares under a new share repurchase authorization.
The board also declared a quarterly cash dividend of $$ cents per share, up 10% from its previous dividend.
What I am reading today
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Analyst's Disclosure: I am/we are long MA.
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