The Morning Call--Real Yields Are Ringing The Warning Bell
Value, Growth At A Reasonable Price, Dividend Investing
Seeking Alpha Analyst Since 2010
The Morning Call
2/19/21
The Market
Technical
Thursday in the charts.
Crypto Crash-Up Continues As Dollar Drops, Oil & NatGas Tumble
Fundamental
Headlines
The Economy
US
International
January Japanese CPI was +0.6% versus -0.1% reported in December; the February flash manufacturing PMI was 50.6 versus 49.8 in January; the flash services PMI was 45.8 versus 46.1; the flash composite PMI was 47.6 versus 47.1.
January UK retail sales fell 8.2% versus estimates of -2.5%; ex autos, they were -8.8% versus -2.6%; the February flash manufacturing PMI was 54.9 versus 53.2; the flash services PMI was 49.7 versus 41.0; the flash composite was 49.8 versus 42.8.
January German PPI was +1.4% versus consensus of +0.8%; the February flash manufacturing PMI was 60.6 versus 56.5; the flash services PMI was 45.9 versus 46.5; the flash composite PMI was 51.3 versus 50.5.
The February EU flash manufacturing PMI was 57.7 versus forecasts of 54.3; the flash services PMI was 44.7 versus 45.9; the flash composite PMI was 48.1 versus 48.0.
Other
Hotel occupancy down 29% YoY.
Hotels: Occupancy Rate Declined 29.0% Year-over-year
Inflation
The pandemic could contribute to higher inflation.
Will Inflation Make a Comeback? | by Axel A. Weber - Project Syndicate
Rising expected inflation.
Rising Expected Inflation ... to about 2%
Four things to know about inflation in 2021.
Four Things Investors Should Know About US Inflation in 2021
US prices percolate with rising consumer spending.
Interest rates will continue to rise but don’t blame it on inflation.
Interest rates will continue to rise, but don't blame it all on inflation, economists say
Bottom line.
Gundlach joins the bitcoin parade.
Gundlach Changes His Mind On Bitcoin As First North American Crypto ETF Launches
Rising yields are ringing the warning bell.
Real Yields Are Ringing A Warning Bell For The Risk Rally
Real yields exploding.
Real yields exploding - what's next?
How oil would behave in a commodity super cycle.
This Commodity Super-Cycle Could Be Unlike Anything We've Seen Before
News on Stocks in Our Portfolios
AbbVie (NYSE:ABBV) declares $1.30/share quarterly dividend, in line with previous.
What I am reading today
Facebook: presented without comment.
Facebook: presented without comment
Why do we even have dogs?
What Good Were Dogs in the Ice Age?
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Analyst's Disclosure: I am/we are long ABBV.
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