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Federal judge mulls contempt charge against Michael Flynn Federal judge Emmet Sullivan is signaling that he may pursue perjury or contempt charges against former national security adviser Michael Flynn over his effort to abandon an earlier guilty plea to a charge of lying to the FBI. The Justice Department moved last week to drop the prosecution of Flynn launched … Read more
Remarks by President Trump Before Marine One Departure Q What do you mean by cutting relations with China? What would that look like? THE PRESIDENT: We’ll see. We’ll see. We got a lot of things going with China. We’re not happy about China — I will tell you that. The ink wasn’t dry on a great … Read more
https://www.youtube.com/watch?v=Xeq9DKx_5PM As Doctor’s Offices Close Worldwide – Learn To Care For Yourself
by Kimble Charting Is the saying “So Goes The Banks, So Goes The Broad Market” true? Over the past 28-months, it does appear to be accurate! Banks started underperforming the S&P 500 in January of 2018 (28-months ago) at (1) in the upper left chart. This weakness from Banks sends a bearish divergence message to the broad market. … Read more
by Kimble Charting Are bear market rallies peaking in Europe? Very possible! This 3-pack looks at stock indices from Germany (DAX), France (CAC-40), and London (FTSE-100). Each index declined more than 20% from highs earlier this year, reflecting that each entered into bear markets. Each index hit lows in March, similar to stocks indices in the states and counter-trend rallies … Read more
Implied vol. wants to spike.. the last time it didn’t end well pic.twitter.com/GXVqZITjpE — Alessio (@AlessioTMAD) May 14, 2020 https://twitter.com/AndysCycles/status/1261059456575520768
Hollywood is seeing a wave of staff reductions from the corporate suites to the theme park turnstiles as entertainment giants including the Walt Disney Co. and Endeavor implement layoffs and furloughs in response to the Chinese coronavirus pandemic. Just how bad is the carnage? In Los Angeles County alone, 14,000 entertainment-related workers saw their jobs … Read more
Clapper asked about leaking classified info to the press, his connection suddenly goes dead As Clapper is asked about leaking to the press, his connection goes dead pic.twitter.com/k0HOygTBL9 — Tom Elliott (@tomselliott) May 14, 2020 https://youtu.be/FLwjevsj6do No one seems to care that when CNN finally tries to look like a real news agency, the staff … Read more
https://twitter.com/apark_/status/1261054164076986369 In today's Fed release they started reporting on the "Corporate Credit Facility LLC" vehicle they created to "support credit to employers." How do they plan to do that? By buying up corporate bonds on the primary/secondary market, including ETFs. Did congress authorize this? pic.twitter.com/8jqjwOXIyu — Charlie Bilello (@charliebilello) May 14, 2020 Who knew QE … Read more
Citigroup's "US equity strategists’ panic/euphoria model is approaching euphoria, which, historically, has led to negative returns over the next 12 months." pic.twitter.com/y4AaS3dEJE — Lisa Abramowicz (@lisaabramowicz1) May 14, 2020 Bigger picture ..this market has been sideways since 9 April It is sucking longs, and shorts pic.twitter.com/5uBmLge1AM — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 14, 2020 … Read more
"Fed speakers have been united in the past few days, coming out against negative interest rates …It has not worked in Japan. It has not worked in Europe. I'm pleased that Powell said it will not happen"#CheddarBusiness #QuillIntelligence — https://t.co/q9WfpNRFDA pic.twitter.com/6578LCsEhv — Danielle DiMartino Booth (@DiMartinoBooth) May 14, 2020 https://www.youtube.com/watch?v=_mW4Fbt-BWs&feature=youtu.be
US grocery costs jump the most in 46 years, led by rising prices for meat and eggs The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974. The price of the meats, poultry, fish and eggs category rose 4.3%, fruits and vegetables climbed 1.5%, … Read more
Would have loved to be a fly on the wall when the deep state was talking to folks like Yovanovitch. What could the cabal have possibly said or offered to them to get everyone on that list (and probably more) to perjure themselves? Did the deep state convince these liars that they could actually bring … Read more
by schuey_08 “The highest form of ignorance is when you reject something you don’t know anything about.” Wayne Dyer
by DCG Los Angeles County has a population of more than 10 million people. As of May 12, they had 33,180 confirmed cases of Wuhan virus which includes 1,613 deaths. You do the math. Yet even with these extremely small numbers, County Public Health Director Dr. Barbara Ferrer said the stay at home order will “with all certainty” be extended … Read more
Wall St. For Main St., Released on 5/13/20 Jason talks about a lot of problems with emerging markets. The problems are so obvious that even Paul Krugman is now very worried about wide scale emerging market defaults https://finance.yahoo.com/news/paul-k… New Daniel LaCalle article on emerging market problems: Global US Dollar Shortage Rises As Emerging Markets Lose Reserves https://www.dlacalle.com/en/global-us… … Read more
U.S. Tech Workers founder Kevin Lynn and attorney John Miano, an expert on the impact of foreign labor on U.S. tech workers, examine the key clauses in the $3 trillion HEROES Act for the good, the bad and the ugly. In another reaction to the Wuhan virus, the stimulus proposal from Democrats in the House … Read more
from Financial Survival Network Chris Vermeulen says that the recent increase in the stock markets is normal behavior after a crash. The majority of stocks are lagging at the same time the small caps are under performing. Many are hitting new lows and are rolling over and heading south. You’re paying more for shares than before the … Read more
