DIC 1 16
SIT EC y POL
ZERO HEDGE
ECONOMICS
There
are few better illustrations of the post-election trade, thus far, than the
dichotomy between industrial metals and precious metals. However, between Chinese
exchanges cracking down on speculation in base metals and the testing of a
crucial trendline, perhaps this run is over.
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The collapse of the US Treasury market in the
last two days has sent the entire curve
(from 2Y to 30Y) higher in yield on the year....
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Worst
initial jobless claims data in 5 months... no problem. After spending the
night in the red, following the closing dump yesterday, futures are panic-bid
again into the US open, erasing the losses...
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"Post election, investors believe the
world has changed. Whether or not Trump’s pro-growth agenda is enacted or
succeeds, investors buy into it: the
consensus of investors we surveyed yesterday put the S&P at the end of next
year at 2425; a similar survey we conducted on Nov 3 put the S&P at 2087."
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It appears the growthiness of the new regime is
not so friendly to FANG stocks and big tech as the Nasdaq just gave up all its
gains post-election.While tech is the biggest loser in stock land, it's the
bloodbath in bonds that is most worrisome as 30Y yields spike another 10bps
today..
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In the
two weeks since Donald Trump was elected, initial jobless claims have soared by
over 35,000 (or over 15%) to 5-month highs. This is the biggest two-week rise since December 2014 and is entirely
against the exuberant narrative being spun by US equity markets. One can't help
but wonder what the sudden 'odd' collapse to 43 yeasr lows right into the
election was all about...
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In the end, UTC agreed to retain approximately
800 manufacturing jobs at the Indiana plant that had been slated to move to
Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly
$700,000 a year for a period of years in state tax incentives.
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More jumping-ups in
Econ. Cuando DT asuma el poder romperemos record en
salto alto
Extending October's bounce, Markit's US
Manufacturing PMI for November jumped to its highest since March 2015 with
"signs of buoyant business
conditions in the US manufacturing sector." ISM Manufacturing
also rose to its highest since Feb 2015 and while overall orders rose, we note
that the USD strength may be evident as export
orders dropped and employment slowed.
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Si cae la china .. cae la cochina
Following the worst month for risk-parity funds since 2015, we suspect
month-end redemptions are driving both stocks and bonds
(4x levered on average) lower out of the gate in November. Extending
yesterday's losses, US Treasury yields are explding higher once again (long-end
underperforming) following China's bond market's biggest yield spike in years
overnight.
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Less than two months after Ray Dalio warned about a potential wipe out
in the bond market, he has been proven right: the
November surge in global yields has resulted in the worst monthly loss in the
Bloomberg Barclays Global Aggregate Total Return Index, which lost 4% in
November, a record drop, and equivalent to $.17 trillion in losses. The index’s market value fell $2.8 trillion
over past two months.
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SHORT NEWS on US Economis
Largest
US Bitcoin Exchange Ordered To Disclose Three Years Of User Data To IRS American
user transactions from 2013 to 2015 to conduct an investigation into potential
tax fraud.
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3
Things: Exuberance, Small Caps, & 6% Realities "...there
is a long way to go between President-elect taking office, drafting bills and
getting them passed. In the meantime, there are many concerns, from a
technical perspective, that must be recognized within the current market
environment."
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POLITICS
Speaking during an Ohio "thank you"
rally, president-elect Donald Trump just confirmed that James "Mad
Dog" Mattis will be America's next Secretary of Defense.
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'Winter is coming' in North Dakota
but as over 2000 veterans arrive to provide a human shield for the 'water
protestors', president-elect Donald Trump said for the first time that he supports
completion of the pipeline project near a North Dakota Indian
reservation. Reassuringly his team confirmed that his support "has nothing to do with his personal investments" in
Energy Transfer Partners - the company building the pipeline
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President Trump will undoubtedly do his best to
help the industry, but recent events have shown that may be harder than it appears.
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WORLD ISSUES and ME
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“We hope to unite our forces with the
United States in the fight against the real threat, not the fictional one –
international terrorism,” he said. The president also emphasized the need “to strengthen non-proliferation
regimes,” noting that “attempts to upset the strategic balance are extremely
dangerous and could lead to a global catastrophe.”
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The relentless dollar rally continues to slam
the Turkish lira, which has been printing fresh all time lows on a daily basis,
and today has been no exception, tumbling over 1.8%, and pushing the USDTRY to
an all time high above 3.50.
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DEMOCRACY NOW
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GLOBAL RESEARCH
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Selected Articles: Syria: The Liberation of
Aleppo and the Turkish Invasion By Global Research
News,
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COUNTER PUNCH
David Swanson Why
Flag Burning Matters
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Religion matters: honoring our saints. Send our behead-militants
to Oslo: a matter of faith
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Thomas Knapp Hey,
@RealDonaldTrump, Hands Off My Flag.
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SPUTNIK and RT SHOWS
Putin's Best Quotes on Foreign Policy From State of the
Nation Address
https://sputniknews.com/russia/201612011048057104-putin-foreign-policy-address/
https://sputniknews.com/russia/201612011048057104-putin-foreign-policy-address/
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Trump's Strategy: Russia 'Likely to Reach Compromise With US
on Syria, Ukraine'
https://sputniknews.com/politics/201611161047517438-trump-us-russia-syria-ukraine/
https://sputniknews.com/politics/201611161047517438-trump-us-russia-syria-ukraine/
Related US Congress Tries to
Hamper Washington’s Possible Convergence With Moscow
https://sputniknews.com/politics/201612011048063928-congress-us-ties-russia-no/
https://sputniknews.com/politics/201612011048063928-congress-us-ties-russia-no/
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'Trump Will Jeopardize US Positions if He Keeps His Election
Promises'
https://sputniknews.com/politics/201611101047308644-trump-us-japan-asia/
https://sputniknews.com/politics/201611101047308644-trump-us-japan-asia/
Related Foes on Political
Right, Left Will Likely Fight to Undermine Trump at Every Turn
https://sputniknews.com/us/201611101047306112-us-trump-conservative-liberal/
https://sputniknews.com/us/201611101047306112-us-trump-conservative-liberal/
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Trump's Focus on Fixing Domestic Problems Could Mean Era of
World Police is Over
https://sputniknews.com/world/201611101047301302-trump-us-foreign-policy/
https://sputniknews.com/world/201611101047301302-trump-us-foreign-policy/
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Clinton’s Lead Over Trump in US Popular Vote Exceeds 2.5Mln -
Tracker
https://sputniknews.com/us/201612011048063453-clinton-vote-trump-popular/
https://sputniknews.com/us/201612011048063453-clinton-vote-trump-popular/
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Trump Plans to Talk Foreign Gov'ts Into Probing Clinton
Foundation
https://sputniknews.com/world/201611271047899002-trump-clinton-foundation-probing/
https://sputniknews.com/world/201611271047899002-trump-clinton-foundation-probing/
Related Western Nations Under
Pressure to Probe Clinton Foundation Spending – Analyst
https://sputniknews.com/politics/201612011048035354-nations-pressure-clinton-foundation-spending-probe/ .. Related German Ministry of Environment Made 4.5Mln Euro Donations to Clinton Foundation https://sputniknews.com/politics/201611301048008101-german-ministry-clinton/
https://sputniknews.com/politics/201612011048035354-nations-pressure-clinton-foundation-spending-probe/ .. Related German Ministry of Environment Made 4.5Mln Euro Donations to Clinton Foundation https://sputniknews.com/politics/201611301048008101-german-ministry-clinton/
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RT SHOWS
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NOTICIAS IN SPANISH
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Trump entrega a China el liderazgo mundial Bárbara Celis
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PRESS TV
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US Senate passes 10-year extension of Iran
Sanctions Act
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