The Morning Call--Will Hard Data Follow?
Value, Growth At A Reasonable Price, Dividend Investing
Seeking Alpha Analyst Since 2010
The Morning Call
12/11/20
The Market
Technical
Thursday in the charts.
Bonds & Black Gold Bid As Negative Nabobs Battle New Issue Nirvanans
Fundamental
Headlines
The Economy
US
The November budget deficit was $145 billion versus estimates of $200 billion.
US Starts Off Fiscal 2021 With Largest Two-Month Budget Deficit On Record
November PPI rose 0.1% versus expectations of up 0.2%; core PPI was up 0.1% versus +0.2%.
International
November YoY Chinese vehicle sales were up 12.6% versus consensus of up 11.5%.
November German CPI increased 0.8%, in line.
Other
Hotel occupancy down 38% YoY.
Hotels: Occupancy Rate Declined 37.9% Year-over-year
Household net worth up $3.8 trillion in Q3.
Fed's Flow of Funds: Household Net Worth Increased $3.8 Trillion in Q3
Lumber prices shooting up again.
The housing market boom has created historic demand for lumber
Five charts make the case for higher commodity prices.
Five Charts that Make the Case for a Bull Market in Commodities
Johnson says Brexit deal may not happen.
UK, EU Impose Emergency Plans To Prevent Economic Chaos Should Brexit Talks Fail
The coronavirus
The pandemic and productivity.
https://www.aei.org/economics/of-pandemics-and-productivity/
The pandemic public debt dilemma.
The Pandemic Public-Debt Dilemma | by Michael Spence & Danny Leipziger - Project Syndicate
China
Update on US/China trade numbers.
Political Calculations: U.S.-China Trade Soared Above Pandemic Recession Levels in October 2020
Bottom line. Treasury market expects higher inflation. Will hard data follow?
Treasury Market Expects Higher Inflation. Will Hard Data Follow?
Commercial real estate market faces significant headwinds.
Work From Home Threatens Commercial Real Estate Valuations
News on Stocks in Our Portfolios
Oracle (NYSE:ORCL): FQ2 Non-GAAP EPS of $1.06 beats by $0.06; GAAP EPS of $0.80 beats by $0.04.
Revenue of $9.8B (+2.0% Y/Y) beats by $20M.
Oracle (NYSE:ORCL) declares $0.24/share quarterly dividend, in line with previous.
What I am reading today
Corporations and civil disobedience.
Corporations and Civil Disobedience
The looming problem with the ‘on demand’ economy.
The looming problem with the on-demand economy
Geomagnetic storm to dazzle the night sky.
"It's Coming" - Geomagnetic Storm To Dazzle Night Sky
Quote of the day.
Bonus Quotation of the Day... - Cafe Hayek
Visit Investing for Survival’s website (Home | Investing for Survival | Investingforsurvival.com) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.
Analyst's Disclosure: I am/we are long ORCL.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.