DIC 30 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
When we first warned 8 days ago that in the last week of
trading a "Red
Flag For Markets Has Emerged: Pension Funds To Sell "Near Record Amount Of
Stocks In The Next Few Days", and may have to "rebalance",
i.e. sell as much as $58 billion of equity to debt ahead of year end, many scoffed wondering who would be stupid enough to leave
such a material capital reallocation for the last possible moment in a market
that is already dangerously thin as is, and in which such a size order would be
sure to move markets lower, and not just one day.
Today we got the answer, and yes - pension funds indeed left
the reallocation until the last possible moment, because three days after the
biggest drop in the S&P in over two months, the equity selling
persisted as the reallocation trade continued, leading to the S&P closing
off the year with a whimper, not a bang, as Treasurys rose, reaching session
highs minutes before the 1pm ET futures close when month-end index rebalancing
took effect.
ALL GRAFICS AT: http://www.zerohedge.com/news/2016-12-30/2016-ends-whimper-stocks-slide-last-minute-pension-fund-selling
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If 2016
taught traders anything, it was that
old norms were useless and the concept of the market as a discounting
mechanism (as opposed to an algo-driven headline-reacting maelstrom of manias)
is lost forever. This flipping of reality is nowhere more evident in the topsy
turvy shifts in risk expectations across global asset classes - where 'safe' is now riskiest and 'riskiest' is now
safe.
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First, the WINNERS:
Glencore: After
losing 70% of it value in 2015, the outlook for Glencore at the start of this
year couldn't have been bleaker.
Anglo American: After
posting a 2015 similar to Glencore (down ~80%), Anglo American , the world's
fifth-largest diversified mining company, took drastic action in the new year
as the commodity rout deepened.
See the rest of this art at: http://www.zerohedge.com/news/2016-12-29/markets-2016-winners-losers
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It is perhaps appropriate that in a year
everyone finally admitted markets are manipulated by central banks and broken
by HFT algos, that on the last trading day of 2016, the dollar flash crashed
with for no reason whatsoever.
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While Warren Buffett did best of all the
billionaires in 2016, he was far from alone. As Bloomberg reports, thanks to
the Trump rally, the rich got a lot
richer in 2016 - $237 billion richer to be exact - but the biggest
fortunes on the planet whipsawed through
$4.8 trillion of daily net worth gyrations in 2016.
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Following November's exuberant spike to Jan
2015 highs, December saw Chicago Purchasing Managers lose some Trumpian hope as
the index slid from 57.6 to 54.6 with
new orders, production, and inventories all fell. It seems the 'hard'
industrial production and durable goods data was right after all and the
sentiment-fueled 'soft' surveys once again over-reached, and with prices paid
rising, stagflation signals are
flashing.
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As we head into 2017, how should one be
positioned? Let’s explore that idea
with a trio of contrarian indicators...
As we head into 2017,
how should one be positioned? Let’s
explore that idea with a trio of contrarian indicators.
US Treasuries?
The one idea most
widely agreed upon is that Trump will spur inflation and treasuries are the
last place to be.
This headline says it
all. BE WARY OF BONDS RISKS
US Equities?
The nearly always
wrong Harry Dent threw in the towel on his stock market crash prediction on
December 19.
Please consider Economist who Predicted a 17,000-Point Stock-Market Crash Just
10 Days Ago is Suddenly Bullish.
Gold?
I discussed gold on
December 27 in Financial Times, Barron’s Tout Death of Gold.
Here are the
pertinent headlines.
End of a Golden Era
Synopsis
- Gold is despised
- Treasuries are despised
- Harry “wrong way” Dent is suddenly bullish
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If any of these countries do significantly
increase production, then the
euphoria that has yet to reach its peak may begin to fade.
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From the 24% minimum wage hike in Arizona to
the 20% spike in Maine, here is a list
of states where misinformed politicians will cost a lot of low-income workers
their jobs in 2017.
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POLITICS
In over-reacting, governments and media play into the hands of the terrorists who
want to create fear and demonstrate their strength, but whose greatest gains
come when they provoke an exaggerated self-destructive response. There is a dangerous disconnect in the minds
of governments and news organisations between what happens in the war in Iraq
and Syria and the long-term consequences this has on the streets of Europe.
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WORLD ISSUES and ME
“Post-truth in politics is one of the drivers
of populism and it is one of the threats to our democracies,” Pitruzzella told
the FT. “We have reached a fork in the road: we have to choose whether to leave
the internet like it is, the wild west, or whether it needs rules that
appreciate the way communication has changed. I think we need to set those rules and this is the role of the public
sector.”
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- Russia Set to Expel 35 U.S. Diplomats in Tit-for-Tat (BBG)
- Trump’s Plan to Partner With Russia Faces Bigger Hurdle (WSJ)
- Trump could reverse effects of Obama order on Russia (Reuters)
- Gold Lures Investors Worried About Trade Wars and Trump Tweets (BBG)
- Syria truce backed by Russia, Turkey, holds but clashes reported (Reuters)
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DEMOCRACY NOW
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GLOBAL RESEARCH
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Syria
War Report: Nation-Wide Ceasefire, Kurdish YPG Forces Withdrawing from Aleppo
City? By South Front
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INFORMATION CLEARING HOUSE
Israel's Never-ending Crimes: It's Not Just
Settlements By Stanley L
Cohen
Israel has not just
committed unspeakable acts of genocide but done so with absolute transparency
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What Is The Obama Regime Up To? By Paul Craig Roberts
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Putin "The Gracious" Outclasses
"Lame Duck" Obama By
Moon Of Alabama
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Syria, Russia and American Desperation By Margaret Kimberley
If it is true that
Trump is a fascist, he won’t be the first one in the White House
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COUNTER PUNCH
Dave Lindorff The
Coming Assault on Social Security
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Vijay Prashad What Israel
Fears
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Robert Fantina Palestine,
the World and Resolution 2334
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SPUTNIK and RT SHOWS
Russia Will Determine Steps in Restoring Ties with US Based
on Trump's Policy https://sputniknews.com/politics/201612301049138959-putin-russia-sanctions/
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FBI-DHS Report on Alleged Russian Hacking Does Not Even Claim
to Be Accurate
https://sputniknews.com/military/201612311049155667-fbi-dhs-russia-hack-report-not-accurate/
https://sputniknews.com/military/201612311049155667-fbi-dhs-russia-hack-report-not-accurate/
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Obama's Anti-Russia Sanctions Aimed to 'Make Sure Trump Won't
Back Off Easily'
https://sputniknews.com/politics/201612311049151641-obama-trump-sanctions-russia/
https://sputniknews.com/politics/201612311049151641-obama-trump-sanctions-russia/
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Ivory Trade in China to Be Fully Prohibited in Coming Year
https://sputniknews.com/asia/201612311049156153-china-prohibit-ivory-trade/
https://sputniknews.com/asia/201612311049156153-china-prohibit-ivory-trade/
RELATED
Tanzanian Elephants Endangered Due to Chinese Ivory
Smuggling: Watchdog
https://sputniknews.com/asia/201612311049156153-china-prohibit-ivory-trade/
https://sputniknews.com/asia/201612311049156153-china-prohibit-ivory-trade/
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Trump Faces Difficult Relationship With China on Economic,
Security Issues
https://sputniknews.com/politics/201612311049156244-trum-china-economic-political-china-relationships/
https://sputniknews.com/politics/201612311049156244-trum-china-economic-political-china-relationships/
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WASHINGTON BLOG
Posted on December 30, 2016 by Carl Herman
Whether Life for We
the People is dystopian or tragic-comic, it seems .01% Orwellian actions are
escalating from the 2016 jump the shark “election”
(and here) to recent policies of:
- proclaiming independent media documenting Emperor’s New Clothes obvious facts as “fake news” (and here),
- manipulating damning e-mail evidence of Democratic Party “leadership” committing criminal election fraud (and here) to promote Hillary Clinton over Bernie Sanders as “Russian interference” without any evidence (and here), and apparently refuted by expert testimony (and here, here, here, here),
- denying Hillary Clinton’s apparent rogue State Department using the $2 billion Clinton Foundation as a “pay to play” scam (and here),
- President Obama ejecting Russian diplomatic families with 72-hour notice as spies (again without evidence), including CNN’s fake news reporting of Russia closing Anglo-American schools in retaliation (and here),
- corporate media escalating fears of nuclear war connected to Donald Trump becoming President.
The context of these
escalating actions is ongoing US rogue
state empire that must
conclude in one of two endgames:
- We the People’s recognition of the rogue state in a relative Emperor’s New Clothes moment. This would quickly end the .01% existence with arrests for the obvious crimes documented below.
- The .01% rogue empire ending alternative media (perhaps like this, or this), and imposing 1984 and/or Brave New World norms.
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NOTICIAS IN SPANISH
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¿Qué tan realista es la autosuficiencia china? Immanuel
Wallerstein Como vamos por casa?
Juzgas a China y no tienes idea de su
rev, ni de otras. .. Al final del ART desmientes tu realismo .. Si de verdad
quieres ser abogado del diablo, empieza aquí en los EE.UU .. Con el grado de
ceguera que te dieron los años .. mejor
te va si pones atención a lo más cercano .. en vez de mirar la paja en
el ojo ajeno.
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“Todos los feminismos son de clase” David
García
[Mucho
cascara para poca nuez. A partir de un caso, no es correcta esa
generalización. A partir de varios casos alguien podría decir que todos los
feminismos son desclasados. Eso tampoco tendría validez teórica (lógica ni
científica). En ambos dos casos se parte de efectos de sistemas sociales
concretos y no todos los sistemas (y sus
clases sociales) fueron ni caben en la diada patriarcalismo vs. feminismo. Ese
reduccionismo no tiene valor explicativo alguno. Solo sirve para desviar
atención sobre reales problemas de clase de hombres y mujeres. .. Que pérdida de tiempo y ridículo seria indagar si Micaela
Bastidas o Rosa d Luxembugo fue o no feminista.]
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¿Qué se puede hacer con Israel? Carlos Aznárez Bloquear
sus empresas donde estén
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En el lejano Standing Rock está surgiendo y tomando
forma la oposición popular radical contra Trump y sus compinches, la oposición
popular radical que librará mañana la batalla en nombre y por cuenta de todos
nosotros .. Miles de soldados se unieron a los nativos y miles más se unirán a la
Rev anti-oligarquica contra banqueros y especuladores de WS, contra las grandes
Corp del gas, contra las empresas que
fabrican armas y guerras fuera del país. Los ricos nos arrebataron la
democracia y el pueblo les confiscara sus riquezas, antes de darles fin. El
Frente Popular anti-oligárquico avanza ya.
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Keiser
report 1012 Barra libre para las empresas
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PRESS TV
US
students eye Canada after Trump’s election
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Snowden and Manning request pardon from Obama
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And Iran, Russia,
Syria did nothing to “stop the plane” ..
.. cowardly or complicity
.. or both?. Are they at war?
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Tit for tat was a
right policy (in MAD theory balance is the key for peace)
If Trump has a real
peace policy .. diplomacy could’ve been reestablished
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US
not sincere in fight against Daesh: Activist n RU not enough to destroy daesh
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US
must ‘make Russians feel pain’: Bolton Bush’neocon mentality behind Trump’s
team
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Trump team rejects US sanctions on Russia. A esto E Borges llamo “teatro del destiempo” pues parte de hechos para
quemar utopías. Aquí se parte de utopías
-“la paz”- sin hechos que la confirmen, para quemar el blah-blah del candidato Trump. A esto le llamaríamos “teatro de la auto-infamia” pues se agrega fraude a las
mentiras del pasado. A diferencia de
Borges, aquí no se complota desde “El Sotano” sino desde el palacio de
gobierno.
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