The Morning Call--Upgrade The Quality Of Your Portfolio
The Morning Call
12/15/20
The Market
Technical
Monday in the charts.
America's V-Day Sparks Safe-Haven, Protection Buying As Stocks 'Sell The News'
Low interest rates do not justify higher stock prices.
Shiller: ECY & Justification For Sky-High Stock Prices
Fundamental
Headlines
The Economy
US
The December NY Fed manufacturing index was reported at 4.9 versus estimates of 5.9.
International
October UK average earnings rose 2.7% versus consensus of +2.2%; unemployment was 4.9% versus 5.1%.
November YoY Chinese fixed asset investments were up 2.6%, in line; industrial production was up 7%, also in line; retail sales were up 5.0% versus 5.2%; November unemployment was 5.2% versus 5.5%
Other
Update on seven high frequency indicators on the economy.
Seven High Frequency Indicators for the Economy
Mass evictions expected at end of January.
Expect The Most Evictions In History As Ban Expires
Ed Yardini on inflation prospects.
Inflation Was Sooo 1970s! Will It Roar Back in the 2020s?
More on the likelihood of inflation.
Inflation Looming? Phillips Curve vs. Quantity Theory
Could stagnation be coming to an end?
What might an end to the Great Stagnation consist of? - Marginal REVOLUTION
Or getting worse?
The Probability of Stagflation is Rising
EU wobbles while France holds it hostage.
The EU Continues To Wobble While France Holds It Ransom
The Fed
Two words.
Convoy Investments: The Bull Market Of Our Lifetime Is Explained By Two Words
Global negative yielding debt tops $ 18 trillion.
Negative-Yielding Debt Exceeds $18 Trillion As Global Market Cap Hits $100 Trillion
Bottom line. Upgrade the quality of your portfolio.
Yield = Poison (4)
What Bogle and Buffett both got right.
2020 investing lessons.
News on Stocks in Our Portfolios
What I am reading today
More wisdom from Morgan Housel.
A Few Things I'm Pretty Sure About
The story of Dave Brubeck’s ‘Take Five’.
The Story Of Dave Brubeck's 'Take Five'
Treasure hunter stays in jail five years rather than reveal location of loot. The story of the incredible effort to locate and retrieve the gold in this treasure ship can be read in ‘Ship of Gold in the Deep Blue Sea’. It is a great book.
Treasure Hunter Stays 5 Years In Jail Rather Than Reveal Location Of Gold Coins Worth Millions
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