Entering text into the input field will update the search result below

The Morning Call--Biden's New Spending Plan

Mar. 30, 2021 9:15 AM ETFDS
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


Monday in the charts.

Cryptos Jump, Small Caps Dump As 'Archegeddon' Hits Banks, Bonds, & Bullion

The validity of seasonal trading patterns.

Opinion: April has been bullish for stocks but you shouldn't bet on a repeat this year

Bond seasonality is turning bullish.

Don't Look Now, But Bond Seasonality Is Turning Bullish

Bonds and bullion dumped as cryptos and the dollar rally.

Bonds & Bullion Are Being Dumped As Bitcoin & The Dollar Surge

US yields surging further.

Mighty US yields surging further

How a blowup at a hedge fund is rattling markets.


And a behind the curtain look at how the above happened.

How Goldman And Morgan Stanley Broke Ranks And Triggered The Biggest Margin Call Since Lehman

Buffett indicator screaming sell.

Buffet indicator screaming sell



The Economy


The March Dallas Fed manufacturing index came in at 28.9 versus 17.2 recorded in February.

March Dallas Fed Manufacturing


The February Japanese unemployment rate was 2.9% predictions of 3.0%.

March EU consumer confidence came in at -10.8, in line; industrial sentiment was 2.0 versus 0; services sentiment was -9.3 versus -14.4.

March German CPI was +0.5%, in line.


The March regional Fed banks manufacturing survey.

March Regional Fed Manufacturing Overview

Framing lumber prices continue to rise sharply.


Long live debtism.


Survey of inflation expectations.


Fiscal Policy

Biden to introduce major spending bill Wednesday. Even though I am not in general all that positive about more big government spending programs, there are circumstances under which they can be a plus. One, if they finance infrastructure spending (i.e., projects that improve the national productivity---roads, bridges, airports, etc.). Two, if they are paid for with something besides more debt (i.e., taxes). The current narrative out of the administration is that most of the spending is for infrastructure and that it intends to pay for those projects with tax increases. Of course, the current narrative lacks specifics on both; so, my point here is that it is too soon to say whether Biden’s plans would be good or bad fiscal policy.



Inflation is always a political choice,


Bottom line

Anything can happen.


Is the SPAC bubble about to burst?


Stock buybacks soar.


The positives and negatives of a transaction tax.


Ed Yardini raises his outlook for 2021/22 S&P earnings and year end valuation.


News on Stocks in Our Portfolios

FactSet Research Systems (NYSE:FDS): FQ2 Non-GAAP EPS of $2.72 misses by $0.01; GAAP EPS of $2.50 misses by $0.08.

Revenue of $391.79M (+6.0% Y/Y) in-line.

What I am reading today

Human creativity is boundless.


Thirty of the best nature photos from the Tokyo International Foto awards (must see).


Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.

Analyst's Disclosure: I am/we are long fds.

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.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.