Breaking news, updates, and reports on current events.
Chris Gaffney, president of World Markets at TIAA Bank joins Remy Blaire at the NASDAQ MarketSite to weigh in on global growth expectations heading into year-end. Gaffney offers his take on the trajectory for the Federal Reserve and considers the outlook for commodities and the currency markets. “Macro Tourists” are clinging to the investing fairytale … Read more
via Jeremy Hill A credit market guidepost suggests the turmoil in high-grade bonds isn’t over yet. The CDX investment-grade index, a measure of the cost of default protection for high-grade bonds, surged during the trading day Monday and at one point breached the previous week’s peak before closing 3.68 percent higher. The index rose as much … Read more
Dems will make a buck off of anything. Dems will tax anything to make a buck. Dems will lie to you for a buck. Not sure which is worse….Schitt or those that would donate. h/t znut
https://twitter.com/starcrosswolf/status/1064587805949456385 https://www.resistanceschool.com h/t Mccruise
Study says 4 in 10 American adults are now obese. U.S. obesity epidemic is not slowing down h/t zKnight
There are few things these days which unite liberals and conservatives, but according to a new survey, a growing dislike and distrust of social media companies is one of them. Across the political spectrum, dissatisfaction with sites like Facebook and Twitter is growing – and growing quickly. An Axios survey conducted in November found that … Read more
via reason: With an eye toward restoring a measure of fairness to adjudicating campus sexual misconduct, Education Secretary Betsy DeVos announced new standards for such procedures on Friday. Some in the media seemed determine to misrepresent these changes, and are uncritically parroting claims from victims’ advocacy groups who think any attempt to reform Title IX—the federal … Read more
by Jesse “Nevertheless, real sums have started to evaporate. And much of it happened with the biggest stocks in so-called tech. The seven FANGMAN stocks – Facebook, Amazon, Netflix, Google’s parent Alphabet, Microsoft, Apple, and NVIDIA – got hosed today. Again… It gets costly when the entire market depends on a handful of over-hyped mega-caps.” … Read more
DHS: “Migrant Caravan Mostly Men, Plan To Storm US Border.” The largest US port of entry was closed as CBP worked to reinforce the border following intel from DHS that the migrant caravan was planning on storming the border to enter the US. DHS also claims that the migrants are mostly men and not women … Read more
“Brutally Cold Temperatures” Threaten To Devastate Black Friday Sales As investors eagerly await channel check reports on this upcoming Black Friday shopping bonanza to confirm the US consumer is still propping up the economy, there could be some unexpectedly bad news that may disappoint Wall Street. First, the European Center for Medium-Range Weather Forecasts (ECMWF) … Read more
https://www.youtube.com/watch?v=tNavHgQshn4 RWN Official reports, California Governor Jerry Brown might just land in hot water over the recent spate of wildfires as his veto of the 2016 Wildfire Mitigation bill comes under increased scrutiny, per the Washington Free Beacon: Read More/Source/Credit/FairUse: https://rwnofficial.com/jerry-brown-m…
The stock market is tanking again! We have seen the stock market wiping out all of the gains from 2018 at this point after so much positivity about growth and employment. My hypothesis remains the same as it has always been: If central banks stop printing money and increase interest rates, stocks will fall. If … Read more
by Mark M. Published on Nov 15, 2018 Douglas Gabriel of the American Intelligence Media talks with Michael Thomas, editor of State of the Nation and other independent news publications, who gives patriots a huge wake up call about the firestorms in California. We need all patriots AWAKE. After you watch the video, please continue … Read more
CDC: Romaine lettuce linked to E.coli outbreak, 1 in CT infected (WTNH) – Just days before Thanksgiving, the CDC is advising that U.S. consumers stay away from romaine lettuce following an E.colioutbreak. On Tuesday, the CDC said any romaine lettuce should not be eaten, and retailers and restaurants should not sell or serve any. This comes after an outbreak of E.coli … Read more
by Kimble Charting This chart looks at Junk Bond Fund (PHDAX) and the S&P 500 over the past 25-years. Junk bonds sent bearish messages “before stocks peaked in 2000 & 2007.” Bearish divergences took place for 24-months in 2000 and 7-months in 2007, prior to stocks peaking and turning much lower. This year Junk bonds have been sending … Read more
https://www.youtube.com/watch?v=mxI5RxB11go so they can’t afford food, but they can afford 70 mil for this nonsense AC
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US – spiked to 6.2%. This exceeds the peak during the Financial Crisis for these banks … Read more
A useful general home robot, as far as I’m concerned, needs to be able to do three things: fold laundry, wash dishes, and clean toilets. That’s all it would take to make me happy. We’ve seen some attempts at both laundry foldingand washing dishes, but not a lot of bathroom cleaning. Now, thanks to the World Robot Summit (WRS) … Read more
Ten things need to change for the stock market to come back from its Monday declines, CNBC’s Jim Cramer said as high-profile technology stocks Facebook and Apple led the major averages lower. “When does this rout end? When do the buyers come in? When do the sellers finish?” he wondered aloud on “Mad Money.” “Frankly, … Read more
via eyeball1234: I tried to incorporate as much feedback as I could from my last post. This viz shows the home price for 200 cities around the globe, organized according to an “affordability index” that reflects the ratio of price to income. Home price is shown on the top X axis, the affordability index is … Read more
by Chris I’ve been waiting for the junk debt universe to signal “game on.” It’s doing that now. Along with the credit spreads blowing out (see above) the Credit Default Swap (CDS) market is blowing up and out for junk debt. Now that’s a move. As OptionSellers.com can confirm, when a market busts a move against you … Read more
by Chris The S&P 500 is oscillating by ~10 point increments, up and down…per minute! …a “spirited defense.” Not terribly subtle, but that’s almost certainly the point. I like to call this chart pattern The Inverse Matterhorn.
via asherfergusson: My data sources were mostly government websites: Federal Aviation Administration Bureau of Transportation Statistics U.S. Customs and Border Protection Airports Council International – Aircraft Movements Airports Council International – Passengers Airports Council International – Cargo I visualized the data using Microsoft Excel and added text and other numbers with Illustrator. You can read … Read more
via slopeofhope: This is a cautionary tale. A tale of a fund of nearly 300 clients and nearly $80 million which blew up in the span of hours from a market move that was, in the grand scheme of things, not that big a deal. It illustrates how excessive leverage can completely torch the risk-taker (and, … Read more
https://twitter.com/OccupyWisdom/status/1064723223969959936 wow – credit markets about to blow up? send stocks lower? pic.twitter.com/nqVvCmtBwj — Alastair (@StockBoardAsset) November 20, 2018 Number1 $AMZN…another Burst💥 -31%🔻@hks55 @OccupyWisdom Long way to run pic.twitter.com/8MgfCGxGbq — Antonio Pérez-Algás (@apanalis) November 20, 2018 https://twitter.com/OccupyWisdom/status/1064879801830379521 Larry Kudlow said the current economic boom will continue indefinitely and there is no end in sight. It's … Read more