This is typical bear market rally – WAY WAY WAY too strong – gets people way too optimistic and in a fractal loop of raising of all their price expectations

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This is typical bear market rally – WAY WAY WAY too strong – gets people way too optimistic and in a fractal loop of raising of all their price expectations — mcm-ct.com (@mcm_ct) October 16, 2018 2630s was main geometric target but when we held 2740s plus the x-Ticks became clear they try to get … Read more

Is A Year-End Rally Still Possible?

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Authored by Lance Roberts via RealInvestmentAdvice.com, For the last few months, we have repeatedly warned about the mounting risks which were being ignored by an increasingly overly complacent, overly exuberant market. Doug Kass had a good compilation of those concerns on Friday: The Fed Chairman seemed more hawkish in tone recently Rising interest rates provide … Read more

Anatomy Of A Global Rescue

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by Chris What does a rescue look like in a hyper-interconnected world of global “markets?” Well it looks like this…just for fun I’ve lined up the “markets” for Japan, the US, Europe generally and Germany specifically so that their times line up. Notice anything? Now the headlines this morning are all going to be about … Read more

Dissention in the markets

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Dissention in the markets pic.twitter.com/AfKUoiiV9L — mcm-ct.com (@mcm_ct) October 16, 2018 Seller exhaustion is setting up at 2792 a top 40 percentile event over the last 20 years. Should find support there and bounce but failure at this price would set up further downside#ticktools — mcm-ct.com (@mcm_ct) October 16, 2018 Future business conditions pic.twitter.com/hok3M0AJ3F — … Read more

Robinhood Gets Almost Half Its Revenue in Controversial Bargain With High-Speed Traders

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Article strongly comes off as a hit piece, but fwiw: “… The startup, valued at $5.6 billion, was bringing in more than 40 percent of its revenue earlier this year from selling its customers’ orders to high-frequency trading firms, or market makers, like Citadel Securities and Two Sigma Securities, according to three people with knowledge … Read more

Softbank is diligently working to make sure the most innovative companies never go public.

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http://archive.is/YPSte Interesting read here from WSJ. What this could mean is the future google, facebooks, or amazons of the world never go public because they can always get the funding they need from softbank and their super rich investment clients.     WeWork Cos. co-founder Miguel McKelvey a few years year ago brushed off the … Read more

$6 trillion of local government debt may be lurking under the surface in China: S&P

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The actual level of off-balance-sheet Chinese local government debt could be several times more than what is publicly disclosed and range as high as 30 trillion yuan to 40 trillion yuan, or about $4.34 trillion to $5.78 trillion, S&P Global Ratings analysts say in a report. “That’s a debt iceberg with titanic credit risks,” the … Read more

‘Home health aides’ will be the fastest-growing occupation according to CareerBuilder’s job market projection for 2023

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via promptcloud: The American job market is showing an upswing both in terms of job growth and wage. However, if we look at the US jobs report, it is not the number of new jobs created or the declining unemployment rate that get the limelight, it is the enigma behind the American salary that get the … Read more

The Most Important Chart In The Universe

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by Chris Look, the central banks are entirely responsible for the prices of bonds and about 99 and 44/100ths percent responsible for the dizzying hieghts of equities. Remove all that stimulation, the thinking goes, and then we get to discover just how much air is under these “markets.” Which makes this the most important chart … Read more

The Federal Reserve Has Lost Its Bearings, Which Means It Could Accidentally Raise Interest Rates Too Much; Investors Are Now the Most Bearish on Global Economy Since Crash

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The Fed risks raising interest rates too much as the compass spins wildly Federal Reserve Chairman Jerome Powell is in an unenviable position. Folks expect him to fine-tune interest rates to keep the economy going and inflation tame but he can’t make things much better — only worse. Growth is nearly 3% and unemployment is … Read more

BlackRock saw huge outflow before last weeks plunge

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https://www.cnbc.com/2018/10/16/blackrock-ceo-larry-fink-we-saw-huge-outflows-before-last-weeks-plunge-due-to-more-fear-among-investors.html Basically the fear rising wages would squeeze company margins. Then my own take is what happens if/when tariffs related increases really hit? Especially if Chinese imports get hit with 25% (though China is devaluing somewhat to soften this IMHO). The bigger question is what does the Fed do as non-energy prices rise in the … Read more