The Morning Call
Wednesday in the charts.
The long bond penetrated the lower boundary of its very short term trading range intraday but recovered to close above that level. The question is will this support level continue to hold?
Winners and losers in the bond market.
The second estimate Q4 GDP growth was 4.1% versus forecasts of 4.2%; the price index was +1.8% versus +2.0%.
Weekly jobless claims rose 730,000 versus predictions of 838,000.
January durable goods orders were up 3.4% versus expectations of +1.1%; ex transportation, they were up 1.4% versus +0.7%.
January new home sales rose 4.3% versus consensus of +2.1%.
The December Japanese leading economic indicators came in at 95.3 versus projections of 94.9.
February EU consumer confidence was -14.5 versus projections of -14.8; economic sentiment was 93.4 versus 92.0; services sentiment was -17.1 versus -18.1; industrial sentiment was -3.3 versus -5.0.
March German consumer confidence was -13.9 versus estimates of -14.3.
Closer to the breaking point.
Architecture billings continue to contract.
Mortgage delinquency rate decreased in January.
More gasoline on the fire.
Why not print checks and give money away infinitely?
More debt doesn’t grow the economy.
More positive feedback for the optimists.
Still more: four reasons not to worry about inflation.
More for the optimists: three reasons why stocks can survive higher rates.
News on Stocks in Our Portfolios
What I am reading today
The sorry state of our political class.
Reasons for optimism.
New claim that Russia was behind JFK assassination---of course the authors are CIA, which has also been implicated.
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