JAN 13 17 SIT EC
y POL
ZERO HEDGE, BLOOMBERG & WS-J
ECONOMICS
It's been a month since Bob Pisani said that Dow 20k was
"inevitable"...
Gold leads in 2017 and bonds are beating stocks as crude
lags...
Stocks were desperately pushed higher into the close today to ensure the S&P closed green on the week..
but failed...
Energy stocks (black) were the worst on the week, Tech (blue)
best, and Financials (red) unch...
VIX flash-crashed to a 10-handle early on this
morning as stocks ramped at the open...
Banks pumped-and-dumped after earnings...
And no - NIM didn't explode - this is why!! The Yield curve has NOT steepened!!!No
matter how many times the media claims it has...
"Most Shorted" stocks ended the week unchanged
after a yuuge squeeze on Thursday...
Apparel stocks plunged to its lowest since Nov 2012...
The USD Index tumbled by the most since the week before the
election, erasing the post-Fed-rate-hike gains...NOTE - The Dollar Index has fallen back to unchanged
year-over-year
Gold back at $1200...
Finally, a silver lining... Global economic surprise indices
are at their highest since 2010 - having risen in the last 3 months -
post-Trump - by the most since the bounce off 2009's lows... Only trouble is -
this series is majorly mean-reverting as expectations follow trend...
TO SEE ALL GRAPHICS OPEN: http://www.zerohedge.com/news/2017-01-13/dow-20k-disappoints-fourth-straight-week-banks-pumpndump
----
----
The weekly rail traffic report published by the
Association of American Railroads provides a great snapshot of US economic activity almost in real (weekly)
time. Last July we noted that
we were starting to witness some signals of a trend change,now suggesting a softening. But
much has happened since then, including a broadly unexpected change in the
political direction of the US. Have
those signals been reversed as a result?
Related :
New
York Real Estate Prices Plunge In 4Q As Listing Days and Discounts Soar Data from Douglas Elliman's 4Q 2016 New York real estate
report brings some unwelcome news for the city's hedgies and I-bankers with
median pricing and sales volume crashing while apartments sit vacant on the
market for longer and longer.
----
----
Given the significant increase in oil prices in
the past year, the decline in bond
yields may just be beginning.
----
----
“Stock market bubbles don’t appear out of
thin air. They have a basis in reality.
But that reality is distorted by misconception..”
Over the past couple of weeks, the market has continued to
remain overbought, extended and exuberant on “hopes” that
Trump’s policies will be the ointment to cure the economy’s ills. As noted yesterday, exuberance has exploded in everything from consumer to
investor to business optimism.
See image on “hopes” at: http://realinvestmentadvice.com/wp-content/uploads/2017/01/NFIB-EconomicExpectations-GDP-011017-1.png
The explosion of optimism is interesting given the
consistent diatribe over the last few years about how well the economy was
performing under the previous administration. This
is the equivalent of a company’s stock price surging when the previous CEO is
replaced which doesn’t speak well of his “legacy of performance.”
The question now is
whether or
not “hopes” will translate into “reality.”
Interestingly, since the beginning of the year, the rush
to pile into “Trump Trades” has quickly evaporated as transaction volumes have
plunged as “anticipation” has turned into “wait and see.”
Open graphic at: http://realinvestmentadvice.com/wp-content/uploads/2017/01/SP500-MarketUpdate-011217.png
It is worth noting that previous,
when transaction volumes have plunged to such low levels, the markets were
generally at an inflection point of a correctionary process. With
the markets currently extremely overbought and extended, the reality of a “sell
the inauguration” trade is possible.
In the end, “anticipation” of better outcomes is one thing when it comes to the
financial markets and your money, however, “reality” is quite
another.
HERE THE SUGGESTED READING for this weekend
Fed, Economy & Trump
- Yellen-Trump & The Coming Recession by James Rickards via Daily Reckoning
- Slow Fade Of Jobs Growth by James Picerno via Capital Spectator
- Goldman Sachs: 3 Things To Wreck The Economy by Lucinda Shen via Fortune
- A Case For Trump’s Import Tariff by Stephen Moore via The Washington Times
- Trump Should Embrace Free Trade by Robert Zoellick via Washington Post
- Trump’s Job Jawing: Good Politics, Bad Policy by Robert Samuelson via RCM
- Krugman Turns Hawkish W/GOP In “Da House” by Kevin Williamson via National Review
- Growing Economy & Deficits by Paul Krugman via NYT
- Infrastructure Spending May Not Boost Growth by Mihir Sharma via Bloomberg
- Don’t Expect Bond Vigilantes To Do Fed’s Work by Caroline Baum via MarketWatch
- Trump Can’t Repeal Economic Laws by Joseph Stiglitz via Project Syndicate
- Trump’s Protectionist Plan Nothing New by Alexia Campbell via The Atlantic
- Wall Street, Fed Have Stacked The Deck by David Smick via American Conservative
----
Markets
- Corporate Bond Market: Binge Borrowing by Danielle DiMartino-Booth via Money Strong
- Nomi Prins: More Corporate Defaults In 2017 by Craig Wilson via Daily Reckoning
- Trump Oil Trade & $100/bbl Oil by Kirk Spano via MarketWatch
- Wall Street Hates “Volcker Rule,” Will Trump Kill It by Matt Egan via CNBC
- Will Inauguration Mark A Top? by William Watts via MarketWatch
- Bull-Turned-Bear – Lee See Trump Danger by Jeff Cox via CNBC
- 4-Reasons Trump Rally Has No Legs by Jake Weber via Forbes
- Prudent Things For Investors To Do by Nigam Arora via MarketWatch
- Why You Should Be Wary Of Junk Bonds by John Coumarianos via WSJ
- Why 2.6% Is More Important Than 20,000 by Bill Gross via Janus Capital
- If You Bought Trump Rumor, Sell The News by Mark Hulbert via MarketWatch
- The Case For Remaining Invested by Goldman Sachs
- The Invisible Stock Market Correction by Michael Kahn via Barron’s
----
Interesting Reads
- Financial Stress Rings In New Year by Center For Retirement Research
- Death Spiral Of Sears To Bankruptcy’s Edge by Hayley Peterson via BI
- American’s Blowing It With Debt by John Pelletier via USA Today
- Fair Share? Top 400 vs Bottom 50% by Mark Perry via AEI
- 7 Ages Of Retirement That Matter by Matt Carey via Forbes
- How Trump Could Create A Financial Crisis by Matt O’Brien via Wonkblog
- Why Millennials Aren’t Afraid Of Socialism via Julia Mead via The Nation
- Facts Every Retiree Should Know About Annuities by Matthew Frankel via Motley Fool
- Suddenly, Homes Sale Agreements Are Falling Apart by Patrick Clark via Bloomberg
- Trump Makes Jobs Error During Presser by Steve Liesman via CNBC
- What Really Caused The Housing Crisis by Mark Thoma via CBS MoneyWatch
- Animal Spirits by Ed Yardeni via Yardeni Research
- BofA Warns Consumer Spending Tumbled by Tyler Durden via ZeroHedge
- 4-Reasons Fiscal Policy Won’t Restart Business Cycle by Tyler Durden via ZeroHedge
- Why Home Builders Can’t Meet Demand by Aaron Layman via AaronLayman.com
- Economic Risk Of Ignoring Arithmetic by John Hussman via Hussman Funds
- Are Oil Speculators About To Get Lit Up Again by Dana Lyons via Tumblr
- Might Want To Prepare Your Portfolio by Jesse Felder via The Felder Report
….
Note:
“Stock market bubbles don’t appear out of thin air.
They have a basis in reality. But that reality is distorted by misconception”
? George Soros
….
----
----
BRIEF ECON NEWS:
Citadel
Pays $22 Million Settlement For Frontrunning Its Clients Fraud clients has severe cost
Without much fanfare at all, on Friday Citadel announced it would pay
$22.6 million to settle allegations that it "misled
clients about pricing trades", a euphemism for
it was frontrunning its clients.
----
----
POLITICS
"There are two ways to be fooled. One is to believe what isn't
true; the other is to refuse to
believe what is true." by
Jesse via Jesse's Cafe Americain blog
----
----
LA APLANADORA this is
the way Trump’s power is going to work
Hours after WaPo
reports anonymous sources claiming Trump's national security adviser Flynn contacted
Russian officials, and Politico
details Hillary's dealing with Ukrainian officials, the Senate Intelligence Committee announced in a
statement that it will launch an inquiry to look at any links between Russia
and individuals associated with U.S. political campaigns as part of
bipartisan inquiry into Russia and cyber activity.
----
----
To our complete lack of surprise, lawmakers in
the State of Illinois are considering following in the footsteps of
Philadelphia by imposing a 1 cent per ounce "soda tax" on all sugary
beverages...and just like in Philly, it's sure to piss off a lot of people.
----
----
WORLD ISSUES and ME
After three years of US sanctions on Russia,
Putin's cost of funding his nation's economy has tumbled as Russian government
five-year ruble notes climbed further this week, pushing the yield to the lowest on a closing basis since
February 2014. Along with being the best performing stock market in the
world since Trump's election,
Russia's bond market has soared (while China's has tumbled).
----
----
After essentially claiming that Manafort was a
hired gun for Putin to intervene in the internal affairs of Ukraine, the
government is now reaching out to him? You don’t have to be Sherlock Holmes to
see something’s not adding up here. Was the entire investigation a fraud to help Hillary Clinton win the
election? If so, isn’t that election interference?
----
----
DEMOCRACY NOW
----
----
----
GLOBAL RESEARCH
----
----
----
----
Unconvincing
Forgery, The Alleged Donald Trump “Manchurian Candidate”: The Steele Dossier or
the Hitler Diaries Mark II By Craig Murray,
----
----
COUNTER PUNCH
Jeffrey St. Clair The
President Who Wasn’t There: Barack Obama’s Legacy of Impotence
----
----
----
Patrick Cockburn The
Russian Dossier Reminds Me of the Row Over Saddam’s WMDs
----
Richard Moser Universal
Values are Revolutionary Values
----
Jeremy Brecher Resisting
the Trump Agenda is Social Self-Defense
----
----
----
SPUTNIK and RT SHOWS
Beijing Predicts 'Military Clash’ If US Blockades South China
Sea
https://sputniknews.com/politics/201701131049578935-beijing-predicts-military-clash-blockade/
https://sputniknews.com/politics/201701131049578935-beijing-predicts-military-clash-blockade/
----
Lockheed Martin to Reduce Price of F-35 Fighter Jet in New
Contract
https://sputniknews.com/us/201701131049579868-lockheed-f35-reduce-price/
https://sputniknews.com/us/201701131049579868-lockheed-f35-reduce-price/
----
US Senate Intel Committee Passes Bill Against Russian 'Covert
Broadcasting'
https://sputniknews.com/us/201701141049583517-us-intel-committee-russia-broadcasting-bill/
https://sputniknews.com/us/201701141049583517-us-intel-committee-russia-broadcasting-bill/
----
Cancer armamentista afectara ciudadanos
Americanos.. genocidio imperial no tiene limites
Los Angeles Sheriff’s Department to Start Using Drones
https://sputniknews.com/us/201701141049583697-sherriffs-department-implement-drones-assistance/
https://sputniknews.com/us/201701141049583697-sherriffs-department-implement-drones-assistance/
----
No hay conflicto de intereses si se apunta al
petroleo Ruso .. gula imperial tampoco tiene limit
Tillerson's Tactic: What One Should Expect From the New US
Secretary of State
https://sputniknews.com/us/201701131049548496-tillerson-confirmation-tactic-policy-russia/
https://sputniknews.com/us/201701131049548496-tillerson-confirmation-tactic-policy-russia/
Etica?: Tramp tampoco dejara de
administ empresas privadas .. La “ética”
oligárquica ya llegó
----
RT SHOWS
----
----
----
----
WASHINGTON BLOG
Brandon Turbeville
Activist Post
BrandonTurbeville.com
Activist Post
BrandonTurbeville.com
As Obama’s days as U.S. President draw to a close, both the Obama
administration and the mainstream corporate media are attempting to provoke a
greater conflict with nuclear-armed Russia on the basis of something that never
actually happened; at least on the basis of something that they have
yet to prove has actually happened. Still, the hype and hysteria being piped
from the halls of the White House, intelligence community, and the mouthpiece
of the establishment, the corporate media, is incessant. According to the media
and the President, the Russians hacked the DNC (never mind the fact that the
DNC was acting inappropriately and rigging the elections themselves) and put
American democracy at risk.
Of course, neither the intelligence community nor the White
House has yet to produce any
evidence of their claims,
despite the fact that they are clearly provocations aimed both at Russia and
the domestic population of the United States, with the intention to frighten the latter into
submission with a healthy dose of Neo-McCarthyism and red-baiting.
Still, this continuous and baseless propaganda might cause many Americans a
number of flashbacks since the last time their President, intelligence
community, and corporate media came to them with proof of an encroaching threat
to democracy, telling them the evidence was clear but that the masses would simply
have to “trust” them, Americans ended up bewildered on the battlefield in Iraq
where they remain to this day, thirteen years on.
⇒ Keep Reading
⇒ Keep Reading
----
----
NOTICIAS IN SPANISH
BRA Ent a Marcelo Braz “Recolocar Brasil en ruta de influencia de
Estados Unidos”
----
----
----
----
----
----
----
----
----
----
----
----
----
----
Keiser
report 1018 Alianza Rusia-EE.UU.: ¿Infierno o
paraÃso?
----
----
PRESS TV
----
----
----
----
----
----
----
----
----
----
----
US
embassy relocation assault on Muslims
----
----
----
----
----
----
----
----
===
No hay comentarios:
Publicar un comentario