Double Top?

Authored by Sven Henrich via NorthmanTrader.com, Before you go all “here he goes again” I’m not calling for a double top, I’m highlighting the risk that markets may have made a double top and that has implications. Let’s explore the evidence, then let’s discuss the risk. Firstly, a set of plain facts: $SPX made a … Read more

Mystery Fireballs That Crashed Into Earth Not Meteorites… ‘Fleet’ of glowing objects off NCarolina coast

  Falling Fireballs Crashed in Chile Last Week. They Weren’t Meteorites, Experts Say. Chilean officials are investigating a curious collection of burning objects that fell onto parts of the country last week. Goodness gracious! Great balls of fire rained from the sky in Chile last week, and officials are still trying to figure out what … Read more

Services Gauge Drops to Three-Year Low as Hiring Slows… Optimism about economy slides…

U.S. Services Gauge Drops to Three-Year Low as Hiring Slows (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. America’s service industries joined manufacturing in taking a big step back last month, fueling concerns that the global slowdown and trade war are … Read more

JEEP Dealer $50,000 Sticker Shock Captures Auto Sales Stress… $1,050-a-month to live in SHED! Outrageous listing in San Diego.

Jeep Dealer’s $50,000 Sticker Shock Captures Auto Sales Stress (Bloomberg) — Robert Loehr’s dealership is hanging in just fine, much like Fiat Chrysler Automobiles NV’s sales did last quarter. But just as investors doubt the U.S. car market can sustain near-record results for much longer, the Georgia retailer is apprehensive about a key issue: sticker … Read more

Why it’s British Independence vs EU survival, and why geopoliticians will choose the latter

by John Ward This site caused something of a stir yesterday in asserting that getting Sovereign Brexit on 31st October is a lost cause. Below I outline further my reasoning, using the real time pressures, tied hands in Downing Street and the inevitability of a huge econo-financial crash in the very near future to make clear … Read more

Danielle Park – Low Rates Are the Disease Not the Cure

from Financial Survival Network Danielle Park returns… The current low rate environment is creating malinvestment and economic anomalies wherever you look. From 8-9 year auto loans, to distorted real estate markets, it’s all over the economic landscape. The cure is coming and it may well be worse than the disease, at first anyway. Transitions to new economic … Read more

Congressional Immigration Failures Cause Record 1 Million Court Backlog

by Joe Guzzardi Countless reports, all based on irrefutable federal data, have been published that show immigration non-action has reached crisis level. But no matter how dire the reports’ content may be, meaningful progress that would benefit Americans and immigrants’ alike crawls along at a sub-glacier pace even though true strides forward are within reach. First, … Read more

Why This “Simple” Pension Crisis Solution May Not Help Retirees Much

From Birch Gold Group The bull market in stocks over the last decade hasn’t helped public pensions much. Officially, they acquired $8.8 trillion in liabilities, yet they remain 48% underfunded. You can see the dramatically-widening gap between assets and liabilities on the graph below, which shows the latest available data from PEW: Even with the support of a … Read more

Good luck to everyone who didn’t sell after the SPY EOD ramp.

by 1poundbookingfee NFPs are before market open, so butter up for the 5th bad data point for Red October. Its time to buckle up now! ISM Export orders versus S&P 500. pic.twitter.com/iXHLPbMEho — Andreas Steno Larsen (@AndreasSteno) October 2, 2019 https://twitter.com/StockBoardAsset/status/1179863511847055360 Another Red Flag For Employment Growthhttps://t.co/rmH9Z8MmEe pic.twitter.com/3tUNUSmiQl — Eric Basmajian (@EPBResearch) October 3, 2019 … Read more