From the 4Ds to the 5Ds!

(1) Nostalgia time. (2) The bull’s long charge. (3) Da Vinci Code again. (4) Fed resists pegging bond yield, and outsources inflation fighting to Bond Vigilantes. (5) Powell’s happy spin. (6) The Fifth Dimension: Adding Desperadoes to the 4Ds. (7) The yield-curve spread is signaling economic expansion with rising bond yields. (8) The first future-shock business cycle on a fiscal and monetary cocktail of steroids and speed. (9) The bull market has been broadening since early September 2020. (10) Financials boosted by ascending yield curve and prospect of higher earnings, dividends, and buybacks. (11) Net charge-offs were remarkably moderate last year. (12) Rally in Emerging Markets MSCI could stall on rising US bond yields. (13) Movie review: “The Father” (+ +).