This is different from 2016 in so many ways when we were last at this kind of technical level:
1) Draghi took proactive coordination off the table today.
2) Fed is already doing QT. Pausing doesn’t stop that.
3) BoJ already blew their bazooka.
4) China fundamentals are weaker.— Paranoid Bull (@paranoidbull) December 14, 2018
5) 90% of Global Assets are already negative on the year. The Global Reset is well underway.
6) Political Risk is off the charts.
7) Valuations are more stretched.
8) Rates are much higher.
9) All hopes are now pinned on Trump.
10) Etc.— Paranoid Bull (@paranoidbull) December 14, 2018
QE is finally set to end in a few more months pic.twitter.com/Cnd6iBpeGS
— The Long View ⚫️ (@HayekAndKeynes) December 14, 2018
This was not an organic recovery, this was a farce, an illusion. Compare how much US gov't spending & debt it took just to maintain 2% GDP growth compared to what it took in the past cycles for 3-5% GDP growth. And we had 0% rates and wealth effect of asset bubbles this time pic.twitter.com/aLxFvJd8NH
— M/I_Investments (@MI_Investments) December 14, 2018
ICYMI: Chinese and European eco data was a disaster pic.twitter.com/LLof4QFVvr
— zerohedge (@zerohedge) December 14, 2018
🇪🇺Ouch! PMI drop. Draghi seems right when emphasizing downside risks. pic.twitter.com/f8B0qhd9Ji
— Torbjörn Isaksson (@TorbjrnIsaksson) December 14, 2018
Its all China. pic.twitter.com/3netGee5If
— Sri Thiruvadanthai (@teasri) December 13, 2018
There are so many different countries, sectors, assets, stocks, investments, etc. that are doing horribly right now. As I have outlined recently, this is the WORST year EVER for trying to find an asset that is giving returns. 90% are negative today for 2018! Do you believe the U.S. market will turn around before the end of the year? If so, on what grounds? Trade issues resolved? Fed QE4?
Central banks have created a debt based system which was designed to be infinite. However, there are cycles which cannot be properly managed. They’re manipulated and controlled. Debt eventually engulfs the companies and balance sheets of investors, spreads to the retirement accounts of innocent people, and seeks to wipe out their savings. This punishment will come and there’s no way it will turn around.
GE 7.20 0.49 7.30% : General Electric Company – Yahoo Finance
finance.yahoo.com/quote/ge/
GE shares surge after JP Morgan analyst Tusa upgrades the stock
www.cnbc.com/2018/12/13/ge-shares-surge-after-jp-morgan-analyst-tusa-upgrades-the-stock.html
Monetary policy decisions
www.ecb.europa.eu/press/pr/date/2018/html/ecb.mp181213.en.html
Investors signal concerns with leveraged loans
outline.com/kKsvJP
China’s car brands suffer most as auto sales slump – Nikkei Asian Review
asia.nikkei.com/Business/Business-Trends/China-s-car-brands-suffer-most-as-auto-sales-slump
china car sales nov 2018.jpg (766×456)
www.zerohedge.com/sites/default/files/inline-images/china%20car%20sales%20nov%202018.jpg?itok=i0wALwQb
HFR number of hedge funds.jpg (890×629)
www.zerohedge.com/sites/default/files/inline-images/HFR%20number%20of%20hedge%20funds.jpg?itok=3A4LsoLT
hedge fund closures and family offices.jpg (696×937)
www.zerohedge.com/sites/default/files/inline-images/hedge%20fund%20closures%20and%20family%20offices.jpg?itok=IeugWXmb
Jabre Capital Partners SA: Hedge Fund Jabre Capital to Return Capital to Investors
www.bloombergquint.com/global-economics/hedge-fund-jabre-capital-to-return-capital-to-investors-jplw0j14#gs.=Uw84hI
Alberta’s Output-Cut Mandate May Be Driving Oil Prices Too High
www.bloombergquint.com/markets/alberta-s-output-cut-mandate-may-be-driving-oil-prices-too-high#gs.icOw4CY
760x-1.png (760×508)
assets.bwbx.io/images/users/iqjWHBFdfxIU/i3Da4Jgs1tvA/v1/760x-1.png