Hong Kong activists called for a protest march on Friday against Beijing’s plans to impose national security legislation in the city

HONG KONG, May 22 (Reuters) – Hong Kong activists called for a protest march on Friday against Beijing's plans to impose national security legislation in the semiautonomous city, raising concerns over its freedoms and its status as a global financial hub.https://t.co/CclqX9SXhz — Vincent Lee (@Rover829) May 22, 2020   h/t Builder

Perfect SPY Elliott Wave setup

by AvailableLight3 SPY just completed a textbook perfect Elliott Wave impulse and is starting a nice looking correction as well. Yes, this is chart crayon drawing and I usually don’t pay attention to this stuff, but this market is so insane right now that I actually think this is going to work. EDIT: Adding text … Read more

Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….!

Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….! https://t.co/NYZkvXlLxG — Henrik Zeberg (@HenrikZeberg) May 21, 2020 Again. The Fed just bought another $80b in mortgage backed securities. It accounted for 77% of their stimulus this week. Something is clearly going on in the real estate … Read more

According to the Fed model for evaluating equities, the S&P 500 is fairly valued at 7500 (conservatively).

by trollhard9000 According to the Wikipedia entry for the Fed model for evaluating equities: In its strongest form the Fed model states that bond and stock market are in equilibrium, and fairly valued, when the one-year forward-looking earnings yield equals the 10-year Treasury note yield The 10 yr is currently trading at 0.67%, which translates to … Read more

Just the brrr-ginning$

Just the brrr-ginning$ pic.twitter.com/N3mJlezh8f — James Henry Anderson (@jameshenryand) May 21, 2020 78 Central Banks around the world have cut interest rates in 2020… pic.twitter.com/b3RSx9hiLY — Charlie Bilello (@charliebilello) May 21, 2020

Earnings expectations have completely collapsed globally

Earnings expectations have completely collapsed globally, but is that a good thing or a bad thing from a market cycle perspective? Here's the historical take + context: https://t.co/A7iWhi96pC pic.twitter.com/BMg7YezDW5 — Topdown Charts (@topdowncharts) May 21, 2020 #recession … #GFC2 edition It's not just the #coronavirus… 📉 https://t.co/DpuxDVXtx7 — Invariant Perspective (@InvariantPersp1) May 21, 2020

OFFICIAL: New money-tree virus to bankrupt planet until next Millennium

by John Ward  DEFRA Secretary George Eustace announced this morning that money does indeed grow on trees. The environment, food and rural affairs Supremo issued a scathing statement about previous Prime Minister Theresa May’s “blatant lie” on the subject of money orchards, revealing for the first time that money trees are carefully cultivated under extreme security … Read more