Bank Breakout Of Financial Crisis Highs or Double Topping Again?

by Kimble Charting If the saying “So Goes The Banks, So Goes The Broad Market” is true, banks are facing a critical breakout/resistance test in my opinion. This chart looks at Financials ETF (XLF) over the past 12-years. This chart reflects that a double top took place prior to the financial crisis getting started. XLF has remained inside of rising … Read more

Market technicals are extreme and point towards a top – Hedge Fund Telemetry

via hedgefundtelemetry: The global equity markets continue higher today on “trade optimism” once again. Equity bullish sentiment has been extreme on the upside and several secondary DeMark Countdown exhaustion signals have recycled and/or have secondary Countdowns triggering 13’s or are quite close. There’s some internals like very low put-call ratios, volume, lack of new 52 week … Read more

20 risks to markets in 2020

by WSBConsensus MarketWatch, Reuter’s, and WSJ. WSJ article is the best read if you want to understand how their book and its exotic products are structured. https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/59230682-AE52-11E9-B74D-5A69D8EB3890 https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1UI2TT https://www.google.com/amp/s/www.wsj.com/amp/articles/does-deutsche-bank-have-a-47-trillion-derivatives-problem-1475689629  

Fear of missing out on a rally replaces recession worry in the most widely watched investor poll

Bank of America Merrill Lynch’s regular survey of global fund managers finds investors have traded fears of recession for the “fear of missing out.” The investment bank’s latest survey of global fund managers found that cash levels posted their largest decline since President Donald Trump’s 2016 election. “The bulls are back…global recession concerns vanish and … Read more

California Wildfires Making The Homeless Crisis Even Worse

by Jenny Jayne via The Organic Prepper Homelessness in California has already reached a state of crisis, but with the winter approaching and the homeless population growing, the problem continues to worsen. A lack of affordable housing coupled with the national opioid crisis has resulted in a growing homeless population that lives on the streets of California. California homeless … Read more

Tesla DD and government change in Bolivia

by paperfoampit You may have heard of president Evo Morales recently being ousted from the Bolivian government after controversy surrounding his presidency. What you may not have heard is that Bolivia has a massive amount of Lithiumhttps://www.bloomberg.com/news/features/2018-12-03/bolivia-s-almost-impossible-lithium-dream ​ Futhermore, a few days before Morales withdrew from his presidency, he broke off a deal with a … Read more

Moody’s offers bleak outlook for government debt amid political instability

In a report published Monday, Moody’s said political and geopolitical turbulence is exacerbating a gradual slowdown in trend GDP growth, aggravating structural bottlenecks and increasing the risk of economic or financial shocks. Moody’s identified the emergence of influential “populist” movements and suggested this is undermining the effectiveness of domestic policy, weakening institutional strength and compounding … Read more

PSA: There’s an extremely high quality MIT Finance course on Youtube by Andrew Lo, filmed during the height of the subprime mortgage crisis

by TraderTui The course gives a broad overview of introductory finance that most here will obviously already know. The first reason I thought it worth sharing is because the teacher (Andrew Lo) is probably the best and most passionate finance professor I’ve ever seen. Really hooks you into the lectures. The second is that the … Read more

The yield curve uninverted and steepened before the 2008 recession

The yield curve going back to normal is almost certainly an extremely bearish sign. It always reverts to normal beforea recession hits, often merely months ahead.   https://fred.stlouisfed.org/graph/?g=ptQw “After the first intraday inversion on August 14th, we got a preview of the arguments that would be used to explain away the yield curve’s signal: a deeply negative term … Read more