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The Morning Call---QEInfinityForever

Feb. 24, 2021 9:07 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Value, Growth At A Reasonable Price, Dividend Investing

Seeking Alpha Analyst Since 2010

Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 46 years of investment experience includes institutional portfolio management at Scudder. Stevens and Clark and Bear Stearns, managing a risk arbitrage hedge fund and an investment banking boutique specializing in funding second stage private companies. Through his involvement with Investing for Survival and Seeking Alpha, Steve hopes that his experience can help other investors build their wealth while avoiding tough lessons that he learned the hard way.

The Morning Call


The Market


Tuesday in the charts.

Momo Dumps, Powell Pumps, Crypto Slumps

10 year Treasury yields spike above 1.4%.

Stocks Slammed As Treasury Yields Explode Higher



The Economy


Weekly mortgage applications fell 11.4% while purchase applications were down 11.1% (undoubtedly weather related)

The February Richmond Fed manufacturing index came in at 14, the same reading as in January.

Richmond Fed Manufacturing: Continued Improvement in February

February consumer confidence was reported at 91.3 versus expectations of 90.0.

Consumer Confidence Up in February


Q4 German GDP grew 0.3% versus estimates of +0.1%.


Global double dip recession.

Political Calculations: The Global Double Dip Coronavirus Recession Deepens

More for the optimists.

What the Bond Market Is Telling Us About the Biden Economy

The Fed

The Fed and Yellen.

The Babble-On 7: The Fed And Yellen

Powell testified before the senate yesterday (the house today)-------and the bottom line (drum roll, please) is that QEInfinity lives on. Free money, free money, great God Almighty, free money. Prepared remarks:

Watch Live: Fed Chair Powell Tell Congress "Whatever" They Want To Hear

Fiscal Policy

How much pork is in the $1.9 trillion stimulus bill?

Here's How Much Wasteful Spending Is In The New $1.9 Trillion Stimulus Bill


Reflation today, inflation tomorrow?

Reflation Today, Inflation Tomorrow?


Ray Dalio on how to spot a bubble.

Dalio: How to Spot a Bubble - The Big Picture

Blowing up the ‘everything’ bubble.

Technically Speaking: Blowing Up The "Everything Bubble" - RIA (realinvestmentadvice.com)

What to do with all that cash.

US Banks: what to do with all that cash

If this isn’t a blow off top……….

If This Isn't A Blow-Off Top...

Bottom line. According to Mr. Powell the monetary firehose will continue to spew forth billions and billions. Short term, that will provide support for higher stock prices. That said, the sounds of alarm over valuations are getting louder. As I have said repeatedly, I do not know how or when this condition will be corrected. But something that can’t go on forever, won’t. Enjoy the ride but I do not think it wise to get sucked into chasing stocks ever higher---and taking some profits is not a bad idea.

The riskiest stock market in over a century.

The Riskiest Stock Market in Over a Century - American Consequences

Early innings of a move to commodities.

"The Dam Is Going To Break": We Are In The Early Innings Of A Colossal Migration Into Commodities

News on Stocks in Our Portfolios

What I am reading today

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