Fundamentals - whether they be in individual stocks or the macro economy - have not mattered for a long time, but today's crash and dash was an epic.
Stocks fell out of bed at the open, with the major indices down one to 1 1/2 percent, and then gained for the remainder of the session ending marginally in the green.
On Friday, the second revision to fourth quarter 2015 GDP will be issued, after the first estimate was a gain of a paltry 0.7%. With proper accounting in place, the US economy likely shrank by 1.25%, but it's unlikely the correct data will show that. The criminal enterprise of government - from local to federal - is about to be hit by a typhoon otherwise known as an unhappy citizenry with a new hero in Donald Trump.
The status quo is about to become status done. It may not happen this week, or next, or for six months, but, rest assured, by this time next year (probably sooner) the United States is going to look very different from the mess the banks and politicians and Wall Street has produced.
Today's nonsense:
S&P 500: 1,929.80, +8.53 (0.44%)
Dow: 16,484.99, +53.21 (0.32%)
NASDAQ: 4,542.61, +39.02 (0.87%)
Crude Oil 32.26 +1.22% Gold 1,230.20 +0.62% EUR/USD 1.1011 -0.08% 10-Yr Bond 1.7420 -0.17% Corn 364.75 -0.55% Copper 2.12 +0.45% Silver 15.26 +0.10% Natural Gas 1.83 +0.27% Russell 2000 1,022.08 +0.98% VIX 20.72 -1.24% BATS 1000 20,677.17 0.00% GBP/USD 1.3925 -0.71% USD/JPY 112.1830 +0.14%
Showing posts with label Donald Trump. Show all posts
Showing posts with label Donald Trump. Show all posts
Wednesday, February 24, 2016
Tuesday, February 23, 2016
Everybody, Limbo!
Stocks and oil slumped, while gold and silver held their own as the market took another pause to reflect on the possibility of a Trump presidency, housing prices which seem to be reaching an affordability limit and a two-week wait until the next FOMC meeting.
For the Trmpster, Las Vegas is a second home to him, so it's only fitting that he's expected to win Tuesday's caucuses in Nevada handily.
The S&P/Case-Shiller index for December, 2015, showed gains in prices for median homes increasing month-over-month and year-over-year.
Stocks appeared to be charting their own course, with stocks falling into the red early and staying near the lows of the day for much of the session. After ramping from losses two weeks ago, the current mini-rally has run out of steam, and there doesn't seem to be much on the bid to push prices higher in the near term.
The price of crude fell by more than 4 1/2% as recent talks of a production freeze by Russia, Saudi Arabia, Iraq and Iran (depending upon which source you wish to believe) turned out to be - like the cease-fire in Syria - all bluster and no bite.
Midweek, stocks are looking at a slight bias to the positive, as Tuesday's losses failed to overcome Monday's winners. Markets are ostensibly entering a late-winter limbo phase, as volatility and geopolitical tensions have leveled off.
S&P 500: 1,921.27, -24.23 (1.25%)
Dow: 16,431.78, -188.88 (1.14%)
NASDAQ: 4,503.58, -67.02 (1.47%)
Crude Oil 31.85 -4.61% Gold 1,227.50 +1.44% EUR/USD 1.1018 -0.07% 10-Yr Bond 1.7450 -1.19% Corn 362.25 -1.43% Copper 2.10 -0.76% Silver 15.31 +0.80% Natural Gas 1.83 -1.61% Russell 2000 1,012.15 -0.94% VIX 20.98 +8.26% BATS 1000 20,682.61 0.00% GBP/USD 1.4021 -0.92% USD/JPY 112.0950 -0.76%
For the Trmpster, Las Vegas is a second home to him, so it's only fitting that he's expected to win Tuesday's caucuses in Nevada handily.
The S&P/Case-Shiller index for December, 2015, showed gains in prices for median homes increasing month-over-month and year-over-year.
Stocks appeared to be charting their own course, with stocks falling into the red early and staying near the lows of the day for much of the session. After ramping from losses two weeks ago, the current mini-rally has run out of steam, and there doesn't seem to be much on the bid to push prices higher in the near term.
The price of crude fell by more than 4 1/2% as recent talks of a production freeze by Russia, Saudi Arabia, Iraq and Iran (depending upon which source you wish to believe) turned out to be - like the cease-fire in Syria - all bluster and no bite.
Midweek, stocks are looking at a slight bias to the positive, as Tuesday's losses failed to overcome Monday's winners. Markets are ostensibly entering a late-winter limbo phase, as volatility and geopolitical tensions have leveled off.
S&P 500: 1,921.27, -24.23 (1.25%)
Dow: 16,431.78, -188.88 (1.14%)
NASDAQ: 4,503.58, -67.02 (1.47%)
Crude Oil 31.85 -4.61% Gold 1,227.50 +1.44% EUR/USD 1.1018 -0.07% 10-Yr Bond 1.7450 -1.19% Corn 362.25 -1.43% Copper 2.10 -0.76% Silver 15.31 +0.80% Natural Gas 1.83 -1.61% Russell 2000 1,012.15 -0.94% VIX 20.98 +8.26% BATS 1000 20,682.61 0.00% GBP/USD 1.4021 -0.92% USD/JPY 112.0950 -0.76%
Friday, December 18, 2015
The Big Reset Has Begun; Prepare Accordingly; Stocks Skid to 2-Month Lows
Coincidence?
Try these events from the past three days:
Kerry meets with Putin, says Assad can stay as ruler of Syria. US policy neutered.
Biden calls off Turkey, tells them to stop violating Iraq's borders. US policy neutered.
Fed raised Fed funds rate, banks raise prime rate.
Putin publicly backs Trump.
Ukraine defaults on Russian debt. While this may appear bad for Russia, it's worse for Ukraine, and even worse for US policy.
Today, the plug will be pulled on over a trillion$ in SPY options. Winners and losers, lots of both.
The world has changed radically in the past week. Trump is now the de facto US President. Obama can go to Hawaii and stay there for all the world leaders care. Kerry had no power; now he has even less, if that's possible.
Just watch: terrorism will be a non-starter for 2016. US intel has been found out (by Putin) and he's putting an end to it all.
Will truth and justice return to America? Just like bankruptcy, gradually, then all of a sudden.
h/t to Ernest Hemingway
Then, there's this cryptic note - citing Jim Willie's Hat Trick Letter - found in the comments section on a Zero Hedge article.
At 11:00 am ET, the S&P already dumped 2030 and 2020. Getting closer to the magic mark of 2000.
Don't actually think it matters if it happens today, tomorrow, next week or next year. The crash has been underway since late May, the last time the NAZ, S&P and Dow all set new all time highs.
The trash is being taken to the dumpster. Watch terrorism disappear as a major story. The meme for 2016 will be economic security, and Trump will win easily.
In fact, since Putin's endorsement yesterday, some would wager that in the minds of most world leaders, Trump is already the US de facto president. Obummer is so over. Hillary is a non-starter. Change is good; best to be out in front of it. The elections will be all for show, since Trump is self-financed. The money machine(s) is/are grinding to a halt.
Americans are going to see the fruits of what the Fed and the federal government, state governments, and local governments have sewn: TRASH. Loads of TRASH, piled high, heaped upon more loads of TRASH.
Bankruptcies should absolutely soar in 2016. Corporate failures and bond defaults will accelerate. Pensions will default on payments. The US will slowly, painfully, resort to honest money. GOLD AND SILVER WILL SOAR.
A BIG THANK YOU TO JANET and THE FOMC. THANKS, YOU NITWITS.
David Stockman really nailed it in his post at Contra Corner Blog.
And, while the economy slowly crumbles, congress (which obviously didn't get the memo that they're fired) conveniently passed a $1.15 trillion omnibus budget bill with the notorious CISA government spying act included.
At the end of the week (the last full week of 2015), the figures for the major averages look pretty stupid.
The Dow was smacked down a whipping 367 points, closing at 17,128.59, the lowest closing price since mid-October. For the week, the DJI was off nearly one percent, down 136.62 points.
The S&P nearly got to the 2000 mark, closing down 36.43, at 2005.46 on the day, but lost just 6.95 for the week. On the NASDAQ, it was a 1.59% loss, down 79.47, at 4973.08. On a weekly basis, it doesn't look bad on the surface, as the NAZ lost a mere 10 points.
However, Monday, Tuesday and Wednesday were all up days for the major indices. Thursday and Friday were down, and down big, erasing all of the early-week gains. From the highs after the FOMC meeting, on Wednesday's close, the losses portend further losses next week. a cleansing of bad assets is well underway, and there are plenty of bad ones in all markets.
Also, the entire treasury curve flattened. The 10-year yield, in particular, dropped 10 basis points from 2:00 pm ET on Wednesday, the moment of the FMOC rate hike announcement, ending the week at 2.20%. If the Fed's master plan was working, shouldn't all bond yields - especially those of shorter durations - have gone up? This is a classic example of the market rejecting the Fed, with more to come, as the Fed thinks it's going to raise rates four more times in 2016, a recipe for economic cataclysm.
Lastly, keep a close eye on the banks (JPM, BAC, C, GS, WFC, MS) as they were all lower by 2-3% on the day.
David Bowie's Changes should suffice as an appropriate song for a truly epic week:
Try these events from the past three days:
Kerry meets with Putin, says Assad can stay as ruler of Syria. US policy neutered.
Biden calls off Turkey, tells them to stop violating Iraq's borders. US policy neutered.
Fed raised Fed funds rate, banks raise prime rate.
Putin publicly backs Trump.
Ukraine defaults on Russian debt. While this may appear bad for Russia, it's worse for Ukraine, and even worse for US policy.
Today, the plug will be pulled on over a trillion$ in SPY options. Winners and losers, lots of both.
The world has changed radically in the past week. Trump is now the de facto US President. Obama can go to Hawaii and stay there for all the world leaders care. Kerry had no power; now he has even less, if that's possible.
Just watch: terrorism will be a non-starter for 2016. US intel has been found out (by Putin) and he's putting an end to it all.
Will truth and justice return to America? Just like bankruptcy, gradually, then all of a sudden.
h/t to Ernest Hemingway
Then, there's this cryptic note - citing Jim Willie's Hat Trick Letter - found in the comments section on a Zero Hedge article.
GLOBAL RESET HAS BEEN TRIGGERED, THE PROCESS BEGUN, THE VOICE FINALLY WARNS... THE EVENTS HAVE BEGUN, AND THE USFED RATE HIKE MIGHT HAVE BEEN PART OF THE GLOBAL DECISION. $$$
The Voice gives an urgent warning that finally the breakdown is accelerating, the damage profound, the effects unmistakable, the plug pulled. The officials have not undertaken any remedy for several years. His message is clear and stark, the first time such a communication has been given to the Jackass and colleagues. It was given just a few days before the USFed rate hike decision was made. "Guys, the plug has been pulled. Let the show begin. Our organization has been alerted accordingly to that effect this morning at 4am, that the deed is done. The battle trigger code has been chosen. It will get incredibly ugly, as real casualties will result. The annihilation of entire groups of people within the corrupt and criminal systems will be unimaginable to normal humanoids. These systems will be totally dismembered and crushed, never to be resurrected. The cabal is being caught in a grand dragnet, with the outcome certain to be their extermination, along with all their agents and collaborators. [1] The effects of this event driven scenario will become visible to the ordinary people in early 2016 and forward. Once the dust settles, it is clear to me that the human population will be noticeably lower, with fewer people roaming this planet." The Voice is referring to the Satanist Bank Cabal groups. We mere mortals hope that reason prevails, that remedy is agreed upon, that transition is orderly, so that a billion people do not needlessly perish. But the Anglo-Americans have their favorite nuclear and virus toys. We have seen ample evidence of their chemical plant explosions as a warm-up to main events.
Our organization has been alerted accordingly...
At 11:00 am ET, the S&P already dumped 2030 and 2020. Getting closer to the magic mark of 2000.
Don't actually think it matters if it happens today, tomorrow, next week or next year. The crash has been underway since late May, the last time the NAZ, S&P and Dow all set new all time highs.
The trash is being taken to the dumpster. Watch terrorism disappear as a major story. The meme for 2016 will be economic security, and Trump will win easily.
In fact, since Putin's endorsement yesterday, some would wager that in the minds of most world leaders, Trump is already the US de facto president. Obummer is so over. Hillary is a non-starter. Change is good; best to be out in front of it. The elections will be all for show, since Trump is self-financed. The money machine(s) is/are grinding to a halt.
Americans are going to see the fruits of what the Fed and the federal government, state governments, and local governments have sewn: TRASH. Loads of TRASH, piled high, heaped upon more loads of TRASH.
Bankruptcies should absolutely soar in 2016. Corporate failures and bond defaults will accelerate. Pensions will default on payments. The US will slowly, painfully, resort to honest money. GOLD AND SILVER WILL SOAR.
A BIG THANK YOU TO JANET and THE FOMC. THANKS, YOU NITWITS.David Stockman really nailed it in his post at Contra Corner Blog.
And, while the economy slowly crumbles, congress (which obviously didn't get the memo that they're fired) conveniently passed a $1.15 trillion omnibus budget bill with the notorious CISA government spying act included.
At the end of the week (the last full week of 2015), the figures for the major averages look pretty stupid.
The Dow was smacked down a whipping 367 points, closing at 17,128.59, the lowest closing price since mid-October. For the week, the DJI was off nearly one percent, down 136.62 points.
The S&P nearly got to the 2000 mark, closing down 36.43, at 2005.46 on the day, but lost just 6.95 for the week. On the NASDAQ, it was a 1.59% loss, down 79.47, at 4973.08. On a weekly basis, it doesn't look bad on the surface, as the NAZ lost a mere 10 points.
However, Monday, Tuesday and Wednesday were all up days for the major indices. Thursday and Friday were down, and down big, erasing all of the early-week gains. From the highs after the FOMC meeting, on Wednesday's close, the losses portend further losses next week. a cleansing of bad assets is well underway, and there are plenty of bad ones in all markets.
Also, the entire treasury curve flattened. The 10-year yield, in particular, dropped 10 basis points from 2:00 pm ET on Wednesday, the moment of the FMOC rate hike announcement, ending the week at 2.20%. If the Fed's master plan was working, shouldn't all bond yields - especially those of shorter durations - have gone up? This is a classic example of the market rejecting the Fed, with more to come, as the Fed thinks it's going to raise rates four more times in 2016, a recipe for economic cataclysm.
Lastly, keep a close eye on the banks (JPM, BAC, C, GS, WFC, MS) as they were all lower by 2-3% on the day.
David Bowie's Changes should suffice as an appropriate song for a truly epic week:
Subscribe to:
Posts (Atom)
Posts
