Weekend Reading: Recession Risk Rising

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by Lance Roberts In yesterday’s post, we discussed the importance of the S&P 500 as a leading indicator of recessions in the U.S. “The problem with making an assessment about the state of the economy today, based on current data points, is that these numbers are “best guesses” about the economy currently. However, economic data is subject to … Read more

Fox News Reporter Hides In The Bushes What Happens To These Illegals Next Will Make You CHEER!

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https://www.youtube.com/watch?v=9OllF-qZ_h0 Savannah Pointer for the Western Journal reports, Fox News reporter Grif Jenkins was at the southern border of the United States when what appeared to be a raft of would-be illegal immigrants tried to cross the border. Read More/Source/Credit/FairUse: https://www.westernjournal.com/fox-re…

Stocks in trouble if rates peak here

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by Kimble Charting CLICK ON CHART TO ENLARGE Could the yield on the 2-year note send important messages about the future direction of stocks? They have in the past and they could again! The top chart looks at the yield on the 2-year note over the past 37-years. When the 2-year yield hit resistance and turned lower … Read more

THE BULL IS DYING

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by Egon von Greyerz Bulls are not killed off easily, They are strong, fierce and have real staying power. And this is what should be expected at a top of a secular bull market. Injured or weakened, the bull will still go on which is the case with many stock markets. Whilst some markets have … Read more

The zero interest rates are over. The artificial liquidity is gone. The sugar high of the tax cut funded share buybacks has worn off. Now we return to fair value.

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https://twitter.com/OccupyWisdom/status/1055836502478020608 https://twitter.com/OccupyWisdom/status/1055625447629881344 tech splat pic.twitter.com/aKYFecfWiI — Alastair (@StockBoardAsset) October 26, 2018 Protections on risky loans are close to their worst ever levels, says … MarketWatch–19 hours ago As debt cushions deteriorate, they are dragging down the ratings of debt instruments … meaning those investors should be paid back first in the event of default. Almost two-thirds of world stocks in … Read more

Images and Video of Bomb Suspect’s Vehicle and Possible Mug Shot of Suspect and Suspected Twitter Accounts

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IMAGES: View post on imgur.com VIDEO: https://twitter.com/Breaking911/status/1055845732870225925 Possible Mug Shot of Suspect https://mugshots.com/US-Counties/Florida/Broward-County-FL/Cesar-Altieri-Sayoc.88783720.html https://www.mugshotsonline.com/minnesota/plymouth/cesar-altieri-sayoc/106749431 Suspected Twitter accounts: https://twitter.com/hardrock2016/with_replies https://twitter.com/hardrockintlent/with_replies   h/t KOS

Next Technical Support

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by Chris This is a chart of the futures, which I track more closely than the cash markets, so it won’t line up perfectly but it’s close enough on a numbers basis and directionally identical. There’s a big area of congestion and support in that orange box.  Expect a huge fight at the next big … Read more

Close-up of the stickers on the alleged bomber’s van

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Posting because the previous one on here was removed for no submission statement. Here are the zoom-ins. I only have two questions personally: would this even be legal to drive? How are the stickers not washed out by the Florida sun and climate? The colors on them remain very vibrant. Another angle https://i.imgur.com/DdSXs27.png   ARREST Has … Read more

The TSA’s creepy ‘Biometric Roadmap’ could soon track air travelers

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From Papers, Please: The U.S. Transportation Security Administration released a detailed TSA Biometric Roadmap for Aviation Security & the Passenger Experience, making explicit the goal of requiring mug shots (to be used for automated facial recognition and image-based surveillance and control) as a condition of all domestic or international air travel. This makes explicit the goal that has been apparent, … Read more

Very Dramatic “”Bounce””

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by Chris I don’t know where else to file this except under “desperate.” More than 10x the average volume all hitting the ask, driving the S&P 500 up 20 points instantly. I cannot tell you how dispiriting it will be if these super agressive attempts to jam things higher fail.  That would be a double … Read more

Jim Rickards: Democrats could be in for a surprise

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From Jim Rickards, Editor, Daily Reckoning: My specialty is global macroeconomic analysis. I don’t usually get too involved in politics, and frankly I’d prefer to avoid the subject altogether. But at certain times politics intrudes on markets and you have to account for it. With the midterm elections coming up in two weeks, it’s certainly a … Read more

Another way government makes life more difficult for entrepreneurs and innovators, and more expensive for consumers.

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CATO: The Tangled Mess of Occupational Licensing. In the 1950s, 1 in 20 workers needed government permission in the form of a license to work. Today licensing has ballooned to ensnare 1 in 4 workers. Most of that expansion is new license regulations for previously unlicensed occupations and the broadening scope of existing licenses. Licenses are … Read more

ARREST Has Been Made in “Suspected” BOMB CASES!

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HUGE BREAKING NEWS: CNN has just learned that federal authorities have arrested a man in Florida in connection to the suspected explosive packages. #serialbomber — Javi Morgado (@javimorgado) October 26, 2018 Federal authorities have arrested a man in Florida in connection to the suspected explosive packages, according to multiple law enforcement sources. — Kristen Holmes … Read more

Millions hit in airline data hack

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By Kyunghee Park and Jinshan Hong at Bloomberg: Cathay Pacific Airways Ltd. said a hacker accessed personal information of 9.4 million customers, becoming the target of the world’s biggest airline data breach. The airline’s shares sank the most in almost two years, shaving $201 million off its market value, after the Hong Kong-based carrier disclosed the unauthorized access late … Read more