Love Songs for Investors

(1) To the moon. (2) Sinatra’s stock market. (3) Powell gets blame for Q4-2018 meltdown and credit for meltup since then. (4) Fed giving more weight to inflation indicators; so should investors. (5) Fed is back in patient mode as inflation remains subdued. (6) The CPI has an upward bias relative to PCED. (7) Trump is the stock market’s rainmaker. (8) Trump morphing global multilateral trade system into bilateral one. (9) GDP growth: more of the same. (10) Wage gains aren’t inflationary if driven by productivity. (11) Real wages suggesting faster productivity growth. (12) Movie review: “Bombshell” (+).