On Wire

Breaking news, updates, and reports on current events.

Market Report: how much further can this rally extend

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by Troy Last week’s market volatility was followed by a sharp reversal higher. While various speculative concerns remain (record valuations, frothy sentiment etc), the stock market’s uptrend remains intact for now.   Momentum The stock market remains firmly in an uptrend. Momentum clearly favors bulls with the Russell 2000 having rallied more than 7.7% this week: … Read more

The Incompetent US Economy Is Still Sinking

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Greg Hunter gives The Weekly News Wrap-Up for Friday, February 5, 2021 The economy is still sinking, and it’s not going to bounce back anytime soon.  The incompetence in Washington comes when an illegitimate government is put into power by fraud.  On its face, it is incompetent, and the world knows it.  How long can the confidence … Read more

Is There An Oil Price Correction Coming?

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By Julianne Geiger Even as Baker Hughes reported a rise in the number of active drilling rigs in the United States on Friday, oil prices continued to see gains on Friday afternoon. At 4:19pm EDT, WTI crude was still up 1.32% on the day at $56.97. Brent was still up over 1% on the day, at $59.44—dangerously close to the $60 psychological … Read more

TOM COTTON: Republicans Condemn Fringe Right as Democrats Tolerate Omar, Schiff, Schumer, Swalwell, Waters.

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via breitbart: Cotton contrasted Democrat and left-wing focus on [Rep. Marjorie Taylor Greene (R-GA)] with their acceptance of and praise for figures like Reps. Ilhan Omar (D-MN), Adam Schiff (D-CA), Eric Swalwell (D-CA), Maxine Waters (D-CA), and Sen. Chuck Schumer (D-NY). * * * * * * * * Cotton stated, “What the Democrats proposed to … Read more

Air Force will investigate base security worldwide in wake of intruder entering jet at JBA, home of Air Force One

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In the wake of an intruder gaining unauthorized access and entering a jet at Joint Base Andrews, the Air Force will review security practices around the world, officials said Friday afternoon. “Everyone is taking this very seriously,” Pentagon spokesman John Kirby said during a Friday afternoon press conference. “The acting secretary of the Air Force … Read more

The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine

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by Charles Hugh-Smith Please study these charts as a means of understanding the inevitability of economic stagnation and a revolt of the decapitalized middle class. I’ve been covering the decline of America’s middle class for over a decade with charts, data and commentary on the social depression that has accompanied the decline. While there are many mutually reinforcing … Read more

S&P 500 earnings yield – Historically low.

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S&P 500 earnings yield. Historically low. pic.twitter.com/5kuS38DtLa — The Macro Pulse (@TheMacroPulse) February 5, 2021 There always seemed to be a needfor reckoning in early days.What came in equaled what went outlike oscillating ocean waves. – Jimmy Carter, Always a Reckoning (excerpt) pic.twitter.com/3ZuueaMkKz — John P. Hussman, Ph.D. (@hussmanjp) February 5, 2021 Junk-bond buyers are … Read more

Panic And Chaos Sweep Across In China As Lockdown Leaves Citizens With No Food And Medicine

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The Chinese population have been venting their anger over the latest food shortages on social media. Amid a new spike in virus cases, Chinese authorities decided to reimpose lockdowns in several cities across the nation. However, oftentimes restrictions start without advance notification and residents are locked in their homes without any chance to get prepared, … Read more

IT BEGINS: Top Dem Calls on Biden to Declare ‘Climate’ Emergency

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https://www.youtube.com/watch?v=RqmFXD8R3W8 Mike LaChance from American Lookout reports, New York Senator Chuck Schumer is calling on Joe Biden to declare a climate emergency. If Biden did this, he could use emergency powers to enact all sorts of far left policies without any push back from Congress and this is likely why Schumer wants him to do … Read more

Why I am bearish on BB (technical analysis)

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by bWF0a3Vr I’m a Software Eng. and therefore will only cover the technical aspects. As you might already see in the title, I’m bearish on BB. I decided to share my thoughts, since a lot of people (and analysts) seem to overvalue the potential growth of the stock.I want to give a quick and very abstract introduction … Read more

Janet Yellen Was Just Paid $7.2 Million From Companies She Is Supposed To Now Supervise

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The financial system is seeing a massive uptick, massive flows o money, cash, debt into equities. More stimulus is on the way. This is in every form. Money printing from the central banks but also stimulus packages from the government itself. The expectation is that this will reflate the economy, pushing more money into stocks … Read more

MUST SEE: TOP GOP Official SLAMS MEDIA for NASTY Cartoon With HORRID Depictions of Republicans

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https://www.youtube.com/watch?v=mjNC6ba6JnU Mike LaChance from American Lookout reports, Republican Mark Robinson is the first black lieutenant governor of North Carolina. You may remember him as the man who went viral for defending law abiding gun owners at a town meeting by saying “I am the majority!” Read More/Source/Credit/FairUse: https://americanlookout.com/nc-lt-gov…​

BOOM! Donald Trump Can’t be Tried In The Senate – Ken Starr Explains

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https://www.youtube.com/watch?v=_3_o1afjWHM Cristina Laila from the Gateway Pundit reports, No where in the Constitution or any other documents written by our framers does it mention anything about impeaching and convicting a former president. The House of Representatives impeached President Trump with a 232-197 vote on January 13 for ‘inciting an insurrection’ at the Capitol. Read More/Source/Credit/FairUse: … Read more

RINO Romney wants to give parents taxpayer dollars to raise “our society’s children”

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by DCG On Thursday RINO Romney unveiled his “Family Security Act” in which he proposes to “provide greater financial security for American families by streamlining existing family policies to create one universal child benefit.” Details of his plan: “The Family Security Act would create a new national commitment to American families by modernizing antiquated federal policies … Read more