Looking at stock valuations as a multiple of sales, the U.S. reached a level of overvaluation last January only seen once before in the last three decades — during the dot-com bubble of 1999 and 2000

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via Bloomberg:   hat just happened? I last wrote one of these newsletters on Dec. 20, the day after the last Federal Reserve monetary meeting. (More on my disappearance later in this commentary.) Since that date, stocks have staged a spectacular decline worldwide, accompanied by an equally spectacular rally in government bonds that has pushed yields lower. However, … Read more

Morgan Stanley’s quant team calculates that every $20bn decline in the Fed’s MBS holdings shaves 0.37% off the S&P 500.

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Morgan Stanley's quant team calculates that every $20bn decline in the Fed's MBS holdings shaves 0.37% off the S&P 500. pic.twitter.com/SBfKycKeLo — Robin Wigglesworth (@RobinWigg) January 10, 2019 this is probably not good pic.twitter.com/PxYfrnEczx — Alastair (@StockBoardAsset) January 10, 2019 credit leading stocks lower pic.twitter.com/kwKBUygQL4 — Alastair (@StockBoardAsset) January 10, 2019 https://twitter.com/NorthmanTrader/status/1083398539491856386 pic.twitter.com/JlazTYQMnB — M/1_LP … Read more

Earnings season is starting, BAML trims its Q4 GDP forecast, Germany in a recession

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earnings season is starting:– Apple guidance cut– Macy's guidance cut– Delta guidance cut– Ford firing thousands– Jaguar firing thousands — zerohedge (@zerohedge) January 10, 2019   Apple cut revenue guidance (for the first time in 16 years) Macy’s cut profit guidance, sending its shares plunging the most on record Barnes and Noble cut profit guidance FedEx cut … Read more

SOYLENT GREEN: Big Pharma Giant GlaxoSmithKline Spends $300 Million For Access To DNA Database Of Genealogy Tracking Company 23AndMe

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by Geoffrey Grider Since the launch of its DNA testing service in 2007, genomics giant 23andMe has convinced more than 5 million people to fill a plastic tube with half a teaspoon of saliva. In case it hasn’t dawned on you yet, you are a commodity just like hand cream, dish soap and laundry detergent. In the 21st century, we are … Read more

Where there’s smoke, there’s fire — smoke screens excepted, of course — but so far Mueller hasn’t even produced much smoke.

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PHILIP KLEIN: Confessions of a Russiagate agnostic. Being agnostic about Russiagate is challenging for a political commentator. Russia has dominated the news for the past two years, and people on each side have passionate and confidently held views. It seems either they’re convinced that Trump colluded and attempted to cover it up, or they’re convinced that … Read more

Instant JUSTICE After Top Dem INSULTS Every Trump Supporter – Rep Crenshaw Delivers The Blow!

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C. Douglas Golden for the Conservative Tribune reports, Did you vote for President Donald Trump? Did you know that you’re an unhappy, uneducated alcoholic who’s possibly going to die early from an overdose or liver disease? And that you voted for a Nazi? https://www.youtube.com/watch?v=jSUdse8fKdw Read More/Source/Credit/FairUse: https://www.westernjournal.com/ct/rep…      

Top GOP Rep Loses Race, Instantly Hired By CNN, Trashes Trump on First Day

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Kassy Dillon for the Daily Wire reports, Former Republican U.S. Representative Mia Love announced on Monday that she will be joining CNN as a commentator and made her first appearance on “New Day,” in which she criticized the Trump administration’s handling of the shutdown. https://www.youtube.com/watch?v=SsrKgydxDyM Read More/Source/Credit/FairUse: https://www.dailywire.com/news/41894/…    

Despite wage growth, the average American suffers as cost of living rises at a faster pace

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Via Marketwatch Even if the economy is on a roll, many Americans aren’t feeling the benefit. Real wages effectively declined in 2018, according to figures from the PayScale Index, a formula from the Seattle-based salary comparison site. PayScale said the median increases, when adjusted for inflation, were only 1.1% in the last quarter and 1% over … Read more

Trump to Media: “I’d Say 80% of You Are Possibly in Coordination with the Opposition Party”

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President Trump spoke with reporters on Thursday morning outside the White House before traveling to inspect the US southern border. President Trump slammed the mainstream media for their complete bias against him and the American people. Trump challenged them to go to the border and rent a helicopter. President Trump: Look, look, you can all play … Read more

Hospitals Ban Visitors as Deadly Flu Spreads… Norovirus outbreak sickens 277 on cruise…  Chocolates recalled over Hepatitis concerns

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Hospitals Restrict Visitors to Curb Spread of Flu AS FLU SEASON PICKS UP across the country, hospitals are restricting visitors in an effort to prevent spread of the virus. New York City and 19 states have experienced high levels of flu-like activity so far this season, with 1,562 lab-confirmed, flu-related hospitalizations as of Oct. 1, according to the … Read more

Fund Manager: It’s Not The Powell Put – It’s The Powell Helium Pump

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by Dave Kranzler of Investment Research Dynamics The stock market has gone “Roman Candle” since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy.  Not that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed’s balance sheet should be … Read more

The 3 Continents Driving Global Energy Demand

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By Irina Slav Newly published data from the Energy Information Administration reveals that Asia, the Middle East, and Africa have been the biggest drivers of global energy consumption since the 1980s, the agency reports. Between 2010 and 2016 alone, energy consumption growth in each of these regions boomed by about 20 percent, the new EIA data … Read more