BANKS SUFFER BIG SELLOFF AFTER REPORTING STRONG EARNINGS — JP MORGAN CHASE SUFFERS DOWNSIDE REVERSAL DAY — FINANCIAL SPDR FAILS TEST OF 50-DAY AVERAGE

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By John Murphy JP MORGAN CHASE SUFFERS DOWNSIDE REVERSAL ON FRIDAY… Friday had to be a very discouraging day for investors in bank stocks. After reporting first quarter earnings that were much higher than expected, bank stocks opened higher before plunging in heavy trading. Chart 1 shows JP Morgan Chase (JPM) suffering a big downside reversal (in very … Read more

Trump Lays the Seeds to World War III

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by Martin Armstrong   Konstantin Kosachev, the head of International Affairs for Russia’s Federal Assembly, publicly stated: “There can be only one political assessment: It is a blatant violation of international law and it is an attack on a sovereign state without proper grounds.” Strangely, he is correct. International Law under agreements in the United Nations does not … Read more

We Are NOT Turning On Trump

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He Turned on Us. If you hire a subcontractor to build a bathroom, and he starts building it in a different dimension that you instructed him to … you aren’t “turning on” the subcontractor if you criticize him or even decide to fire him… you are holding him accountable. He made an agreement with you … Read more

Chicago Suburb Wooing Millennials With Avocados And Cheap Homes

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by stockboardasset While Chicago continues to hemorrhage residents for a third consecutive year, a small community 25-miles outside city limits has unleashed an innovative marketing campaign, using comic strips to lure in city dwelling millennials. In a new comic-strip ad campaign, Homewood, Illinois, promotes itself as a “hip, diverse, urban neighborhood that Millennials can afford,” said CityLab. … Read more

California Bullet Train Faces Audit From U.S. Department Of Transportation

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Spoiler: a lot of the money is being funneled into corrupt people’s pockets. California’s high-speed rail project is facing an audit from the U.S. Department of Transportation as costs continue to climb. The inspector general’s audit, announced Thursday, will examine the Federal Railroad Administration’s oversight of nearly $3.5 billion in federal grant money awarded to … Read more

#BoycottStarbucks is trending today, as the revolution eats its own.

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ANNALS OF LEFTWING AUTOPHAGY: #BoycottStarbucks trends on Twitter after video shows arrest of two black men at Philadelphia location. Amid outrage, Starbucks issued a statement online, writing, “We apologize to the two individuals and our customers and are disappointed this led to an arrest.” During a Facebook Live statement uploaded Saturday afternoon, Philadelphia Police Commissioner Richard … Read more

BOOM! Paul Ryan OUTED! GOP Insider LEAKS The REAL Reason He’s Leaving Congress – WE KNEW IT!

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https://www.youtube.com/watch?v=GWSLwHDd3FY Joshua Caplan for the Gateway Pundit reports, Rep. Thomas Massie (R-KY) told the Fox Business Network Wednesday that he believes House Speaker Paul Ryan’s decision not to seek re-election is closely tied to his underlying presidential ambitions. Read More/Source/Credit/FairUse: http://thegatewaypundit.com/2018/04/g…

Diamond And Silk On The OFFENSIVE! Take Action Against Question-Dodging Zuckerberg

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https://www.youtube.com/watch?v=Dr40a5_70Rc Amanda Prestigiacomo for the Daily Wire reports, On Wednesday morning, social media stars Diamond and Silk reacted to the grilling of Facebook CEO Mark Zuckerberg, who was specifically asked about deeming the pro-Trump duo’s content “unsafe.” Read More/Source/Credit/FairUse: https://www.dailywire.com/news/29283/…

ALERT: Anti-Trump GOP House Ready To Take Out President Trump In EPIC Coup

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https://www.youtube.com/watch?v=MqsfVC-T4po Kristinn Taylor for the Gateway Pundit reports, Never-Trump leader Erick Erickson reported Tuesday night via Instagram and Twitter an alleged conversation he had with an unnamed Republican Congressman over his and many of his fellow GOP Congressmen’s hatred of President Donald Trump and their willingness to “take out the President” through impeachment if he … Read more

Fighting Sex Traffickers – FOSTA Laws and Freedoms

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By Mark Angelides President Trump has signed into law two bills that are hugely contentious not just for the Left/Right divide, but also for Conservatives and Libertarians. The FOSTA and SESTA bills seek to eliminate the options for child sex traffickers having a “safe space” to connect with other deviants, but the bills also have … Read more

Is this Trump’s Defining Moment?

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By Mark Angelides When a politician, or anyone in the public sphere, commits an act that polarizes even those who have been fans and supporters from the beginning, it can well be called a “career defining moment.” Was the bombing of Syria in response to the chemical weapons attack last week Trump’s defining moment? For … Read more

As Malls Get Crushed, Commercial Real Estate Prices Fall to Lowest in Nearly Two Years

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Leverage is why the Fed has been worried about the bubble in CRE. Commercial real estate loans at banks in the US reached a record of $4.3 trillion. This amount is now 11% higher than it had been during the crazy peak of the prior commercial real estate bubble before it … Read more

More Carmageddon at GM, Cuts Shift in Ohio, 1,500 Layoffs, as Cruze Sales Plunge. Production in Mexico Started in 2015

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Carmageddon but not Truckmageddon The GM plant in Lordstown, Ohio, which only builds the Chevy Cruze compact car, already went through layoffs in 2017 when it trimmed its three shifts to two shifts and cut 1,200 workers, due to what GM said at the time was change in consumer preference from … Read more