With Rand Paul absent due to injury, senators John McCain and Ted Cruz already announced no votes, the much-ballyhooed house-Trump tax plan looks to be dead on arrival and investors are not pleased.
Tuesday's action in the markets were punctuated by a pronounced leveling of the yield curve, with 2-10 and 5-30 spreads plumbing new lows.
Just in case the bickering in Washington continues towards implosion - a highly likely event horizon - with Democrats aligning with no-vote Republicans, forward looking people will next look to the upcoming December deadline for the debt ceiling and an anticipated increase to the federal funds rate by the Fed's FOMC.
That's putting pressure on stocks as the market opens Wednesday, though the declines are far from substantial. Also of note is crude oil's decline off recent three-year highs, while precious metals continue to the upside, a split in the commodity complex.
President Trump continues his extensive Pacific tour, in China for the time being, as news flow should slow to a crawl as the week closes in on Friday. With stocks fluctuating, it may be time to seek out undervalued equities, if any are to be found. Stocks remain wildly overpriced with backing by central banks preventing any potential cascading declines.
At the Close, Tuesday, November 7, 2017:
Dow: 23,557.23, +8.81 (+0.04%)
NASDAQ: 6,767.78, -18.65 (-0.27%)
S&P 500: 2,590.64, -0.49 (-0.02%)
NYSE Composite: 12,371.25, -29.68 (-0.24%)
Showing posts with label Ted Cruz. Show all posts
Showing posts with label Ted Cruz. Show all posts
Wednesday, November 8, 2017
Monday, February 22, 2016
Donald Trump Shock Wave Shakes Nation
Winning every available delegate in a truly historic presidential primary victory in South Carolina on Saturday, business billionaire Donald J. Trump now sets his sights on the state of Nevada and its upcoming caucus on Tuesday.
After what appears to be a sure win for Mr. Trump, the big test comes the following Tuesday, when 13 states will hold Republican primary votes, led by the inartfully-named "SEC" states of Alabama, Georgia, Virginia, Arkansas, Texas and Tennessee. Equally important are tests in Massachusetts, Minnesota, Oklahoma, Colorado and Alaska. 595 delegates are up for grabs on March 1. Texas alone accounts for 155, and is one of the few states in which Donald Trump does not lead. There, Ted Cruz, who is a senator from the state, holds a slim advantage, though the latest poll was taken prior to Trump's victory in the Palmetto State.
No candidate that has won both New Hampshire and South Carolina has failed to capture the Republican nomination, a fact that completely eluded the commentators on the Sunday talk show circuit, most of whom spent their air time desperately searching for an antidote to Trump fever, which is sweeping a nation angry with politicians, politics, a do-nothing congress and an administration that has sold its constituency down the proverbial river.
Trump offers a refreshing change of pace from the status quo. From his apparent off-the-cuff remarks to his infectious enthusiasm, Trump embodies a new paradigm for the American electorate and its making the establishment parties and the supine news media quake in its collective booties.
The message is clear and unqualified. Trump promises to build a wall on the Mexican border to halt the flow of illegal immigrants, and, to make sure nobody misses the message, Trump always reminds supporters and detractors alike that he'll make Mexico pay for it. Other policy initiatives include bringing back American jobs from places like Mexico, China and Vietnam, taking better care of veterans, destroying ISIS, cutting taxes for the middle class and business, repatriating profits earned in foreign countries by American enterprises, and protecting the rights of American citizens outlined by the Bill of Rights, especially the second amendment, the right to bear arms.
Not surprisingly, Trump's forthrightness and honesty go a long way in an age dominated by skepticism, innuendo and false prophets. His campaign message to "Make America Great Again" resounds in a country fed up with liberal concepts like multiculturalism, atheism and statist elitism. Trump, while himself a very rich man, is self-made and down-to-earth in ways that Americans have demonstrably appreciated. His approach is common-sensical and sometimes bordering on comical, calling politicians incompetent, self-important and dishonest, most of which applies in spades to the current crop of paid-off crony representatives of lobbyists, big business and special interests.
And then today, there was this:
If Trump is willing to abolish Obamacare, Common Core and reopen the wounds of 9/11 and the Iraq War, why not tackle the biggest buffoons in the room, the rentiers of the Eccles Building, the clueless illuminati which has brought us bubbles and busts and threatens to do the same again?
The world is waiting.
Today's Rigged Results:
S&P 500: 1,945.50, +27.72 (1.45%)
Dow: 16,620.66, +228.67 (1.40%)
NASDAQ: 4,570.61, +66.18 (1.47%)
Crude Oil 33.60 +5.83% Gold 1,209.40 -1.74% EUR/USD 1.1026 -0.96% 10-Yr Bond 1.7660 +1.03% Corn 368.00 +0.68% Copper 2.11 +1.81% Silver 15.19 -1.22% Natural Gas 1.86 -0.16% Russell 2000 1,021.74 +1.16% VIX 19.38 -5.60% BATS 1000 20,682.61 0.00% GBP/USD 1.4148 -1.09% USD/JPY 112.9550
After what appears to be a sure win for Mr. Trump, the big test comes the following Tuesday, when 13 states will hold Republican primary votes, led by the inartfully-named "SEC" states of Alabama, Georgia, Virginia, Arkansas, Texas and Tennessee. Equally important are tests in Massachusetts, Minnesota, Oklahoma, Colorado and Alaska. 595 delegates are up for grabs on March 1. Texas alone accounts for 155, and is one of the few states in which Donald Trump does not lead. There, Ted Cruz, who is a senator from the state, holds a slim advantage, though the latest poll was taken prior to Trump's victory in the Palmetto State.
No candidate that has won both New Hampshire and South Carolina has failed to capture the Republican nomination, a fact that completely eluded the commentators on the Sunday talk show circuit, most of whom spent their air time desperately searching for an antidote to Trump fever, which is sweeping a nation angry with politicians, politics, a do-nothing congress and an administration that has sold its constituency down the proverbial river.
Trump offers a refreshing change of pace from the status quo. From his apparent off-the-cuff remarks to his infectious enthusiasm, Trump embodies a new paradigm for the American electorate and its making the establishment parties and the supine news media quake in its collective booties.
The message is clear and unqualified. Trump promises to build a wall on the Mexican border to halt the flow of illegal immigrants, and, to make sure nobody misses the message, Trump always reminds supporters and detractors alike that he'll make Mexico pay for it. Other policy initiatives include bringing back American jobs from places like Mexico, China and Vietnam, taking better care of veterans, destroying ISIS, cutting taxes for the middle class and business, repatriating profits earned in foreign countries by American enterprises, and protecting the rights of American citizens outlined by the Bill of Rights, especially the second amendment, the right to bear arms.
Not surprisingly, Trump's forthrightness and honesty go a long way in an age dominated by skepticism, innuendo and false prophets. His campaign message to "Make America Great Again" resounds in a country fed up with liberal concepts like multiculturalism, atheism and statist elitism. Trump, while himself a very rich man, is self-made and down-to-earth in ways that Americans have demonstrably appreciated. His approach is common-sensical and sometimes bordering on comical, calling politicians incompetent, self-important and dishonest, most of which applies in spades to the current crop of paid-off crony representatives of lobbyists, big business and special interests.
And then today, there was this:
It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done.
— Donald J. Trump (@realDonaldTrump) February 22, 2016
If Trump is willing to abolish Obamacare, Common Core and reopen the wounds of 9/11 and the Iraq War, why not tackle the biggest buffoons in the room, the rentiers of the Eccles Building, the clueless illuminati which has brought us bubbles and busts and threatens to do the same again?
The world is waiting.
Today's Rigged Results:
S&P 500: 1,945.50, +27.72 (1.45%)
Dow: 16,620.66, +228.67 (1.40%)
NASDAQ: 4,570.61, +66.18 (1.47%)
Crude Oil 33.60 +5.83% Gold 1,209.40 -1.74% EUR/USD 1.1026 -0.96% 10-Yr Bond 1.7660 +1.03% Corn 368.00 +0.68% Copper 2.11 +1.81% Silver 15.19 -1.22% Natural Gas 1.86 -0.16% Russell 2000 1,021.74 +1.16% VIX 19.38 -5.60% BATS 1000 20,682.61 0.00% GBP/USD 1.4148 -1.09% USD/JPY 112.9550
Monday, March 23, 2015
19 CENT CHEESEBURGERS, Ted Cruz and a Dow Mystery
We have a bad monetary system. A shaky one at the very least, but, probably just plain bad.
It would take a tome longer than Adam Smith's The Wealth of Nations to explain why. However, in today's world, we have technology, which is, by most accounts, an improvement to the general welfare and happiness of the people of the world, or so we think.
This technology allows us to share images such as the one shown in this simple blog posting.
The point, or points, as there are many diverse levels to this discussion, is that our monetary system is based upon, in no particular order, debt currency, inflation and death.
Ponder, if you will, the fact that the Dow Jones Industrial Average fell roughly 50 points in the final minutes of trading today, and the price of a cheeseburger, roughly 50 years ago, was 19 cents. The question is why did the Dow fall so precipitously at the close and what does that have to do with the price of cheeseburgers?
Yes, 19 cents. Your editor ate many of them, as there was a McDonald's and competing burger joints near his high school.
19 cents, people. Grow up.
Dow 18,116.04, -11.61 (-0.06%)
S&P 500 2,104.42, -3.68 (-0.17%)
NASDAQ 5,010.97, -15.44 (-0.31%)
Sub-note: Consider this: today Ted Cruz, a first term senator from Texas, announced his candidacy for president, officially kicking off the campaign season for the 2016 presidential election. This election is, as of today, 19 months away. In't it time we put limits on when politicians can campaign? Isn't 19 months prior to an election just a tad too early to start thinking about who will be the next president? Mind you, a presidential term lasts four years. Must we spend half of one president's term deciding who should be his or her replacement?
Today, sadly, we have more questions than answers. If we had the answers, assumably, we would probably not be spending time asking questions on a blog.
 |
| McDonald's menu, circa 1965 |
This technology allows us to share images such as the one shown in this simple blog posting.
The point, or points, as there are many diverse levels to this discussion, is that our monetary system is based upon, in no particular order, debt currency, inflation and death.
Ponder, if you will, the fact that the Dow Jones Industrial Average fell roughly 50 points in the final minutes of trading today, and the price of a cheeseburger, roughly 50 years ago, was 19 cents. The question is why did the Dow fall so precipitously at the close and what does that have to do with the price of cheeseburgers?
Yes, 19 cents. Your editor ate many of them, as there was a McDonald's and competing burger joints near his high school.
19 cents, people. Grow up.
Dow 18,116.04, -11.61 (-0.06%)
S&P 500 2,104.42, -3.68 (-0.17%)
NASDAQ 5,010.97, -15.44 (-0.31%)
Sub-note: Consider this: today Ted Cruz, a first term senator from Texas, announced his candidacy for president, officially kicking off the campaign season for the 2016 presidential election. This election is, as of today, 19 months away. In't it time we put limits on when politicians can campaign? Isn't 19 months prior to an election just a tad too early to start thinking about who will be the next president? Mind you, a presidential term lasts four years. Must we spend half of one president's term deciding who should be his or her replacement?
Today, sadly, we have more questions than answers. If we had the answers, assumably, we would probably not be spending time asking questions on a blog.
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