DIC 4 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
While the technically-driven surge in equities may be over, a historic short squeeze in Treasuries may be about to
unfold, as according to DB calculations, shorts in bond futures the largest in over 6 years. However
that will be little comfort for commodity shorts who once again got carted out
by the OPEC crew.
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One of
the most fascinating aspects of market psychology is participants’ tendency to
get bullish at new highs, especially in light of the fact that in recent years every major rally, especially those
producing new highs, have set up for a sizable trade to the short side.
….
Right at the time when markets were making new highs
recently I mused whether this rally was based on hot
air. I wanted to follow-up
on this assessment in light of the recent small pullback and provide an update
of some of the technical signals. The bottom line: The technical
evidence appears to build on the “hot air” message and suggests that new
highs may have been a fake out.
Since May 2015 highs
some of the indices have made marginal new highs, but take out the financial
rally and things don’t look all that bright, indeed the global picture, despite
record central bank intervention, looks highly unimpressive: See chart at : https://northmantrader.files.wordpress.com/2016/12/fawm.png?w=610&h=378
The premise: Donald
Trump will deliver on all the promises he has made and nothing bad will
happen.
Really?
We shall see. For now
December traditionally has a Santa Claus rally in it following some seasonal
weakness into the middle of the month. It has also been suggested that many
people may look to want to defer stock selling due to the promise of tax cuts
in 2017. And besides, underperforming funds need to chase performance. Are those really good reasons to buy an already expensive
market? It wasn’t in December of 2015 as January’s correction showed. But maybe
it’s different this time.
See all graphs at http://www.zerohedge.com/news/2016-12-04/fake-out-rally-built-hot-air
Those graphs suggest there will
be a move into the red zone during 2017 at the latest.
While I see potential
technical upside risk into 2235-2275 on the $SPX the underlying picture
continues to suggest what it has in the past several years: Selling strength
especially in context of new highs and low $VIX readings.
Bottomline: The
downside risk is much higher than the upside risk in my assessment.
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The tweetstorm also suggests that far from
moderating his stance on protectionism, Trump is only getting started.
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POLITICS
"The Standing Rock Sioux Tribe and all of
Indian Country will be forever grateful to the Obama Administration for this
historic decision."
[[ Bravo Obama,
you’re making history. What about Cuba:
ending US blockage & giving Guantanamo to them?. What about the pardon to
dissidents: Snowden among them?. It is a legal matter but your voice can help. What about ending war in Syria & bring troops home
from ME? .. What about a declaration to dismantle the Nukes worldwide
& NATO missiles around RU? That will limit the chances of WW3 during
Trump’ government. ]]
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WORLD ISSUES and ME
“The
fact that Trump managed to achieve success in business, suggests that he is a
smart man,” Putin said in the NTV channel. “And as he is
smart, that means he will fully and quite quickly be aware of a different level
of responsibility.... Attempts to create a unipolar
world have not succeeded. We are living in a different dimension."
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Turkey is taking steps to allow commerce with
China, Russia and Iran to be conducted in local currencies, President Tayyip
Erdogan said on Sunday, the government's latest effort to shore up the tumbling
lira.
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The family of a woman killed in the 2015 Paris
attacks by ISIS claims in a lawsuit that Twitter, Facebook, and Google profit from targeted advertising linked to
terrorist propaganda promoting violence.
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NGOs are smuggling immigrants into Europe on an industrial scale...
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GLOBAL RESEARCH
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SPUTNIK and RT SHOWS
Victory for Standing Rock Sioux: Dakota Access Pipeline to be
Rerouted
https://sputniknews.com/us/201612051048161938-DAPL-to-be-rerouted/
https://sputniknews.com/us/201612051048161938-DAPL-to-be-rerouted/
Related :
DAPL Protest: Riot Charges Against Journalist Amy Goodman
Rejected
https://sputniknews.com/us/201610171046432258-journalist-riot-charges-dismissed/
https://sputniknews.com/us/201610171046432258-journalist-riot-charges-dismissed/
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Majority of Italians Reject Constitutional Reforms in
Referendum - Exit Polls
https://sputniknews.com/europe/201612051048161826-italy-constitution-referendum-no/
https://sputniknews.com/europe/201612051048161826-italy-constitution-referendum-no/
Related
'A Matter of Principle': Renzi Promises to Quit Politics if
Referendum Results Go Against Him
https://sputniknews.com/europe/201612041048148705-renzi-italy-constitutional-reform-referendum/. That was lapsus-lingui, perhaps wrong arrogance: not a matter of principles
https://sputniknews.com/europe/201612041048148705-renzi-italy-constitutional-reform-referendum/. That was lapsus-lingui, perhaps wrong arrogance: not a matter of principles
Related
Italy's Lega Nord Party Leader Calls for Renzi Resignation if
Referendum Fails
https://sputniknews.com/europe/201612051048162309-italy-lega-nord-renzi-referendum-resignation/ Upstart jumping is a lack of principles. This is not futbol. Arribism in politics is dishonest
https://sputniknews.com/europe/201612051048162309-italy-lega-nord-renzi-referendum-resignation/ Upstart jumping is a lack of principles. This is not futbol. Arribism in politics is dishonest
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Erdogan Aims to Strengthen Turkish Lira With Pivot to
Eurasian Economy
https://sputniknews.com/business/201612041048159701-turkey-lira-trade/
https://sputniknews.com/business/201612041048159701-turkey-lira-trade/
Erdogan abandon
US-ISIS project. Now join the alliance to debank the USD. A matter of survival.
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135-Year-Old Man Accidentally Found in Iran During National
Census Su secreto: nunca se caso
https://sputniknews.com/society/201611301048014350-old-man-found-iran/
https://sputniknews.com/society/201611301048014350-old-man-found-iran/
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Kerry: Syrian Settlement Still Possible, Talks Continue
https://sputniknews.com/middleeast/201612051048161470-kerry-syrian-settlement-possible/
https://sputniknews.com/middleeast/201612051048161470-kerry-syrian-settlement-possible/
Hey Kerry: Circus is
over, not need for clowns.. get your bike and learn how to pedal the right way
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RT SHOWS
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NOTICIAS IN SPANISH
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BRA Ent a M Freixo "La contradicción entre el gran
capital y el trabajo ya no está en las puertas de la fábrica F Louça sino en las puertas de la favela, en la precarización del trabajo, en la
juventud negra y pobre en riesgo de morir, hay un genocidio en curso en Brasil.
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Cuba
La posibilidad de una isla Pablo Stefanoni Ninguna revolución pudo recrearse como mito durante medio siglo. Ninguna,
con la excepción de la cubana. Cincuenta años después del Octubre ruso, la
revolución había pasado ya por el traumático reconocimiento del gulag
estalinista.
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"¿Quieren quemar la
Constitución? ¡Dispárenos antes!": Protestas contra polémico oleoducto en
EE.UU.
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PRESS TV
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