Rocket Fuel

(1) Bowie beats out Prince for this year’s market theme song. (2) Margin debt is like rocket fuel. (3) Why hasn’t the Fed changed the margin requirement since 1974? (4) Margin debt soaring with stock prices. (5) Pandemic relief checks add up to $800 billion, with 25% spent and 75% saved. (6) FRB-NY is monitoring what consumers are doing with their relief checks. (7) Soaring personal saving over the past year reflected in record increase in M2. (8) “Mind boggling” comes to mind. (9) Lofty valuations, with Buffett Ratio voting for Major Tom. (10) Rapidly rising PPI inflation belies Fed’s “base effect” cover story. (11) Steel and lumber prices in outer space. (12) Movie review: “Hemingway” (+ + +).