Banks Continue To Send Bearish Divergence Message, At 800 Pound Resistance!

by Kimble Charting Is the Banking Index sending a caution message to stocks? It has for the past 28-months and it is experiencing a major resistance test of late! The Banking Index (BKX) started underperforming the broad market back in January of 2018, which created a negative divergence message to the broad markets. Banks started turning much weaker than … Read more

Interecepted Phone Call – Xi told Dr. Tedros to carry out virus coverup…

https://www.washingtonexaminer.com/news/…-dr-tedros https://www.spiegel.de/politik/deutschla…ce27cff69c WHO denies coronavirus cover-up phone call between Xi Jinping and Dr. Tedros The World Health Organization denied a report that said Chinese President Xi Jinping pressured WHO Director-General Tedros Adhanom Ghebreyesus to conceal the truth about the coronavirus outbreak in a January phone call. Der Spiegel, a German news outlet, published a report this weekend … Read more

Dallas Salon Owner Arrested For Opening Business Gets Big Surprise From Hannity During Interview

https://www.youtube.com/watch?v=yhCYuSuwwCc The Daily Wire reports, Shelley Luther, the Dallas salon owner who was jailed this week for defying the county’s stay-at-home order when she opened up her business, joined Fox News host Sean Hannity on Thursday night, where she got an unexpected surprise. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/dallas…

MUST SEE! Ted Cruz Responds to Cuomo’s New York ‘Bailout’ Rant

https://www.youtube.com/watch?v=l2W7-uUvUik Courtney O’Brien from Townhall reports, For days now Gov. Andrew Cuomo has been harping on glib comments Senate Majority Leader Mitch McConnell made when he rejected the idea that the federal government needs to send more financial aid to state and local governments during the CV outbreak. He referred to the notion as a … Read more

The Fed Is Fueling a Revolt That It Cannot Control

by Charles Hugh-Smith It’s not that hard to forecast a populist revolt against the parasitic class that’s grown obscenely wealthy as a direct result of Fed policies. Under the tender care of the Federal Reserve, America’s wealth inequality has skyrocketed to new heights of obscenity as America’s billionaires feasted off the Fed’s recent stock market … Read more

The Output Gap Problem

by Shaun Richards The new pandemic economic era has brought some new features to our lives but some things have remained the same or as The Four Tops put it. Now it’s the same old song But with a different meaning Since you been gone It is also an example of how once some people … Read more

The Federal Reserve & It’s Ongoing Destruction Of The Bottom 90%

by Lance Roberts The Federal Reserve seemingly is an ongoing mission to destroy the bottom 90%. The one lesson that we have clearly learned since the 2008 “Great Financial Crisis,” is that monetary and fiscal policy interventions do not lead to increased levels of economic wealth or prosperity. What these programs have done, is act as a wealth … Read more

The Car Is Staging a Comeback, Spurring Oil’s Recovery

https://www.bloomberg.com/news/articles/2020-05-10/the-car-is-staging-a-comeback-spurring-oil-s-recovery Gasoline demand is rebounding, suggesting that the car — at least for now — is making a comeback. As lockdowns ease and parts of the world reopen for business, driving has emerged as the socially distant transportation mode of choice and is offering some near-term relief to an oil market fresh off its worst … Read more