***LET ME REITERATE: There is plenty of news stating that Italy will capitulate to the demands of Brussels to cut its deficit to the 2 percent level because it fears the wrath of the bond markets and the Eurocrats. FALSE NARRATIVE! The Italians have the upper-hand in these negotiations for the European banks are loaded with Italian … Read more
by SpontaneousDisorder Source: https://twitter.com/sentimentrader/status/1047470933445922816 Small caps are diverging with big caps: https://twitter.com/SoberLook/status/1047327180651470849 John Hussman has posted some charts of the markets poor breadth. (It looks like his latest article has some info on this, not read it just yet.) https://twitter.com/hussmanjp Corporate profit guidance continues to deteriorate pic.twitter.com/diAJr1C9cG — Liz Ann Sonders (@LizAnnSonders) October 4, 2018 … Read more
Swetnik walks back: http://archive.is/YcLIZ Booker no longer cares whether Kavanaugh is innocent: https://www.youtube.com/watch?v=OGGUQ… Grassley referencing Fords’ ex boyfriend: https://tinyurl.com/y9u3klog
via jugglingdynamite: As government revenues fall, deficits compound and debt levels leap, corporate executives have been directing the corporate cash freed up from recent tax breaks to pump up their company share prices with buybacks, while dumping their own personal holdings into the strength created. ‘So long suckers’, indeed. Buyers and holders beware, your longer-term financial interests … Read more
https://twitter.com/OccupyWisdom/status/1047691814185172992 https://twitter.com/OccupyWisdom/status/1047611703037448194 https://twitter.com/OccupyWisdom/status/1047503362005094400 https://twitter.com/OccupyWisdom/status/1047610240215261184
Right after Powell drops the word "accommodative," the bond market blows up pic.twitter.com/Dlm3zSevPZ — Alastair (@StockBoardAsset) October 4, 2018 3.22 is here, so what's next? pic.twitter.com/JJi36y13xf — Alastair (@StockBoardAsset) October 4, 2018 Global Government 10-YR Yields going higher pic.twitter.com/cM0rCa5SEk — Alastair (@StockBoardAsset) October 4, 2018 https://twitter.com/OccupyWisdom/status/1047719821289373697
by QuantalyticsResearch US Stocks Global stocks are dropping this morning as US treasury yields continue to rally after the yield on the US 10-year hit the highest level since 2011 in yesterday’s trading US Federal Reserve Chairman Jerome Powell, during a presentation yesterday, suggested current US interest levels are nowhere near “neutral” — this side comment is … Read more
Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass, said on Tuesday that the company had raised $65 million in new funding. He also said MoviePass had controlled its spending since changing to a three-movies-per-month plan. MoviePass isn’t going anywhere — at least, that’s according to Ted Farnsworth, the CEO of Helios … Read more
Forbes 400 2018: A New Number One And A Record-Breaking Year For America’s Richest People Buoyed in part by a strong stock market, the 400 wealthiest Americans delivered yet another record-breaking year. The minimum net worth needed to join this elite club climbed to $2.1 billion, $100 million more than last year and the highest … Read more
Sears Holdings is closing at least three additional stores as the retailer faces serious questions about its future heading into the crucial holiday shopping season. The company is closing one Sears store in New York, a Kmart in New York and a Kmart in Virginia, according to layoff notices filed to government authorities. Business Insider reported that … Read more
Trump Lawyer Warns New York Times of Tax Story ‘Defamation,’ ‘Substantial Liability’ The lawyer who won a multi-million dollar libel settlement for Melania Trump is now warning The New York Times about a story suggesting her husband, President Donald Trump, may have committed tax fraud. On Tuesday, the Times published a story, “Trump Engaged in Suspect Tax Schemes as … Read more
by Michael Snyder U.S. bonds have not fallen like this since Donald Trump’s stunning election victory in November 2016. Could this be a sign that big trouble is on the horizon for the stock market? It seems like bonds have been in a bull market forever, but now suddenly bond yields are spiking to alarmingly … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Because that’s where the money is, on paper. But it’s not where the market is. There are plenty of brand-new apartments to choose from, thanks to a multifamily construction boom in major cities. These apartments are in good locations. They’re nice and have everything you’d want. But for many people, rents … Read more
by Charles Hugh-Smith We’re living in a fantasy, folks. Bubbles pop, period. The nice thing about the “wealth” generated by bubbles is it’s so easy: no need to earn wealth the hard way, by scrimping and saving capital and investing it wisely. Just sit back and let central bank stimulus push assets higher. The problem with … Read more
by Michael Snyder Should men wear stilettos? At one time that would have been unthinkable, but in recent years the trend toward “gender-fluidity” has broken down many of the old barriers that once ruled the fashion world. So now many men are wearing whatever they feel like wearing, and they are doing so very publicly. … Read more
by Chris Black If you are sick and tired of the Kavanaugh nomination for SCOTUS extravaganza, here’s an interesting piece of news that went under the mainstream media’s radar. A weirdly dressed and even weirder-acting soy-boy hit a pro life woman activist in the face for absolutely no reason. This is the tolerant left … Read more
by Ruby Henley She must feel so out of control right now. Sad, she could not tell the truth to the person who questioned her. More than that, why has she been trained to help someone to break the law? Why would she lie to Prosecutor Mitchell when she knew the penalty was perjury? … Read more
by Graham Summers of Gains, Pains & Capital More and more “bells are ringing” for this market rally. The microcap index, called the Russell 2000, typically leads the overall market in risk on/ risk off moves. With that in mind, what does the below chart suggest? Historically, another market leader are financials stocks. With that in mind, what … Read more
via Jim Leaviss As we pass the 10-year anniversary of the Lehman default and we started thinking about what we were doing back in 2008 (desperately moving my savings out of certain banks was high on the list for me, whilst listening to MGMT and Los Campesinos; album of the year? TV On The Radio’s Dear … Read more
Tess Pennington Ready Gardens Have you ever wondered why you should start your own garden when food is readily available at grocery stores? What about those who would love to be self-sufficient to the point of living off the food they can grow on their own land? The simple answer is yes, this is possible, but it … Read more
From Brandon Smith Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are essentially animals with very short lives, and world reserve currencies are even more prone to an early death. But, for some reason, the notion that the dollar … Read more
by Geoffrey Grider Ana Maria Archila, one of the two women who confronted Arizona Republican Sen. Jeff Flake in an elevator on Friday, helps lead a progressive organization funded by billionaire George Soros that heads an $80 million activist effort characterized as part of the anti-Trump “resistance” movement. The video was riveting, no question about … Read more
by John Rubino This morning’s jobs report was stronger than expected, which – combined with Amazon’s dramatic increase in its minimum wage to $15/hr — implies rising wages going forward. The bond market reacted as you’d expect to the prospect of higher wage inflation, with the yield on 10-year Treasuries hitting its highest level in … Read more
Follow The Money, Released on 10/3/18 This week, we are joined by legendary investor and world traveler, Jim Rogers. He shares his latest insights on the U.S. economy and the ongoing economic war between the U.S. and China. In this segment, economist/trading coach Jerry Robinson is joined by American businessman, financial commentator, world-renowned investor, and … Read more
via GPC The financial markets are now rapidly running out of liquidity. The Fed will withdraw $50 billion in liquidity from the financial system this month via its Quantitative Tightening, QT, program. This is the largest liquidity withdrawal since the 2008 crisis. The Fed is not the only one. The ECB will halve its QE program … Read more