by Patrick Hill The SPX recorded new highs this week. Investors appear to be excited about the U.S. – China Phase 1 trade agreement, which only goes so far in ending the trade war. Plus, the Fed is cutting interest rates, injecting $100 billion in repo financing over the next month, and embarking on a … Read more
from Zero Hedge The automotive industry has been mired in recession for the better part of the last 18 months and still shows no signs of stopping. On Tuesday, comments from both VW’s CEO and from tire maker Pirelli, who cut its guidance for 2020, continue to exemplify an industry where the very worst of a … Read more
Kitco News, Released on 10/31/19 A catastrophic recession is coming, and gold is still the best investment to hold during an economic collapse, this according to Gerald Celente, publisher of the Trends Journal. “For me, speaking only for myself, gold is the number one investment and I’ve been saying that since I began buying gold … Read more
by GoldenKaze Fed has unwinded 5 months worth of QT in 5 weeks! At this pace we will surpass the 4.5Trillion record in what maybe 8 more weeks? Which means SPY $325! Good job Powell, keep pumping this market full of money https://i.ibb.co/ZJGMf3N/Screenshot-20191101-083712-Firefox.jpg https://fred.stlouisfed.org/series/WALCL
Some active ECB members criticized the decision to announce a second round of QE without a clear end date. Certain members said it’s at risk of breaching its self-imposed purchase limits and potentially facing legal challenges. The European Central Bank (ECB) needs to reinvent itself and come up with new policy tools as its bond-buying program is … Read more
The $VIX is hitting a wall of complacency. The S&P 500 is nearing the apex of a wedge. Fundamentally, US stocks are historically over-valued. Macro timing indicators show the peak of the business cycle. Are the technicals also setting up for a bear market? $SPX $SPY $ES pic.twitter.com/QetyySees3 — Kevin C. Smith, CFA (@crescatkevin) October … Read more
https://twitter.com/fedoroffx/status/1190228625083305984 https://twitter.com/hks55/status/1190112267737669633 #Our1929Quotes Side by side… pic.twitter.com/8Q0tBmyQ1r — Michael Norinsberg (@Mnorinsberg) November 1, 2019 Greenspan says the economy is missing leverage, and just happens to conveniently forget the US gov't just went from $10T–>$23T in debt in only 10 yrs!🤦♀️🙄🤔Where did that spending end up Alan? Gov't handing out 💰$1T/yr to spend is NOT ORGANIC … Read more
China PMIs shrink, indicating deflation risk pic.twitter.com/RolbFsgF11 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 31, 2019 Almost two decades of passenger car sales growth in #China have come to an end pic.twitter.com/gfwg0lmnzY — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 1, 2019 #HongKong Banks are 900% of Hong Kong’s GDP. Imagine what happens if #RealEstate prices … Read more
what you're not being told is global trade is plunging again — the whole narrative by wall street was that growth was supposed to pick up at the end of the year. pic.twitter.com/AMme1tCF4A — Alastair (@StockBoardAsset) November 1, 2019 ANZ Global Leading Index is well below trend pic.twitter.com/MCpNL3gaH1 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October … Read more
by travissidelinger Thought I’d share here. I have put together several backpacks. This is my best one. It’s my take everywhere backpack. Except work, I have a different backpack for work. And my camping backpack is separate. If we had to run in a hurry, we would grab our camping backpacks (which are usually ready to … Read more