lunes, 5 de febrero de 2018

FEB 5 18 SIT EC y POL

FEB 5 18 SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Econ

Su propuesta favorece golpe Militar contra Gob de Maduro y elecc internas

QUE HACER?  He aquí una propuesta:
No detener las elecciones pero asegurar el voto popular, LO QUE SUPONE:
1-La seguridad nacional exige sacar del poder a todos los militares pro USA y
Armar con Mil-Nacionalistas Prog de Reconst que responda el sentir Popular
2- Asegurar el apoyo de Rusia y China para Proy de reconstrucción Nacional
3- Orden interno requiere Provisional Estatiz de Prensa y  toques de queda
Si Embajada USA persisten en armar golpe y evitar elecciones: CERRARLA
4-Asegurar no-interferencia de OEA pro USA y respeto latino a Soverania Nac
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Diran que es auto-golpe.. pero ocurrió en Peru con venia USA- OEA en 1992
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ZERO HEDGE  ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics

The expected crash happens

This was the biggest drop for the S&P since August 2011
See chart:

The 410-day record streak without a 5% correction is over... Nasdaq is over 7% off highs, DOw and S&P over 8% off their highs...
See chart:

Only Nasdaq remains green in 2018...
See chart

Some headlines.. at the art source below
  • S&P 500 CLOSES DOWN 113.33 POINTS, OR 4.10 PERCENT, AT 2,648.80
  • DOW JONES CLOSES DOWN 1,176.68 POINTS, OR 4.61 PERCENT, AT 24,344.28   
  • NASDAQ UNOFFICIALLY CLOSES DOWN 271.50 POINTS, OR 3.75 PERCENT, AT 6,969.45
Selling continues after the close...
See chart:

As Morgan Stanley notes, VIX futures traded 897k total across the curve so far today.   Previous FULL DAY record was 850k  (aug 10 2017). Liquidity in the top of the S&P futures book 50% worse than Friday. Avg available size is 111 contracts since 3PM today on the top of the S&P book.   Friday avg. size was 209 (for the entire day   Beginning  of Jan this was 800.  End of Jan it was 300.
And for now Equities remain alone at the extremes across asset-classes...
See chart:

High yield bonds extended their losses to the lowest since Dec 2016...
 See chart:

Great News 'Murica! The Dollar rallied today - all it took was panic liquidity needs...
See chart:

And finally, amid a 'modest' pullback in stocks, investors have slashed their expectations of the number of rate-hikes in 2018...
See chart:
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The market crushed:

"I've never seen anything like this... this is it..."

We noted earlier that US equity futures were extending losses after the close, but the real panic action is in the volatility complex.
Putting today's VIX move in context, this is among the biggest ever...
See chart:

But the real action is in the super-crowded short-vol space.
XIV - The Short VIX ETF - after its relentless diagonal move higher as one after another Target manager sold vol for a living... just disintegrated after-hours, down a stunning 50%
See chart: 

Also, recall that last Thursday saw investors pour a record $520 million into an exchange-traded note that gains when VIX drops...
See chart

They chose... poorly.
As one veteran trader (who has seen numerous volatility cycles), "I've never seen anything like this... this is it" referring to the start of the unwind of the biggest aggregate short volatility position the market have ever known.
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"If negative price action continued or worsened, we think getting flat (i.e. $190bn of global sales) in a month is reasonable"

SYSTEMATIC FLOW UPDATE…
Our (GS systematic strategist) work suggest that the 2,735 level in the S&P is where trends could start to change, driving more aggressive selling from the CTA community. We estimate this community to be long approximately $70bn of US equities and $190bn globally coming into today. If negative price action continued or worsened, we think getting flat (i.e. $190bn of global sales) in a month is reasonable

The difference between Risk Parity and CTAs:
  1. Risk parity and CTAs (managed futures funds) are not synonymous: Risk parity is a long-only strategy with negatively correlated assets that is sensitive to volatility spikes in the market and positive bond/equity correlation; managed futures funds (CTAs) are long/short strategy funds aimed at capturing trends in the market (in either direction)
  2. The conditions that could lead to forced-model selling impact CTA behavior only such that wide spread selling will generate a downward trend  
  3. Since CTAs look to capture trends in the market, they are likely to apply additional downward pressure on markets if forced-model selling occurs
  4. Additional pressure from CTAs may further exacerbate the sell-off from risk parity funds

More details from Goldman's systematic strategist Paul Leyzerovich …

My points are encapsulated in the updated chart below
  • Most of the expected sales represented by the baseline (dark) line are driven by non-US, though US smallcap is contributing with the Russell short-term area breached, and S&P is very close to its latest short-term area of 2,747 in our work**      

Based on the starting point and moves so far, we expect CTA trend has been more relevant to flows than risk parity or insurance vol-control, though those communities are long as well (as are others and non-systematic)
* less than $30bn, depending on the size and speed of the bounce; generally still towards net sales of varying size in most 1w market scenarios
** pursuant to trend, the levels adjust with more time and mkt movements  
 See Chart
in the source of this art below
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POLITICS
Seudo democ y sist  duopolico in US is obsolete; it’s  full of frauds & corruption. Urge cambiarlo

WORLD ISSUES and M-East
Global depression is on…China, RU, Iran search for State socialis+K- compet. D rest in limbo


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DEMOCRACY NOW
US politics crisis: Trump captured by Deep state to reproduce old cronyism without alter-plan


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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars:  its profiteers US-NATO


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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n chances of WW3


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SPUTNIK and RT SHOWS
Geopolitics & the nasty business of US-NATO-Global-wars uncovered ..


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Now the hypothesis that Milky Trump is ET got more support
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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to break with Empire: 


                - sobre la desigualdad: género, clase y estructura salarial  Al Recio

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                -Hipótesis de un futuro nuclear (4)  Miguel Muñiz
                -Análisis y crítica de la economía verde y créditos ambient Amyra el K
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PAL        La ética hueca de los liberales de Israel  Jonathan Cook
                -LIBERTAD para Ahed Tamimi. Será juzgada mañana martes, 6 de feb
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MX         Todo sigue igual, ¿de bien? O de mal a peor?  Lucia Converti
                -2018:  “Mexit” o el gobierno de la desglobalización Arsinoé Orihuela
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WHO control neoliberal spirits? Vs: Re-espiritualización d la política Varios
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Águila sobrevuela Amér Lat:  Entre CEOcracia, Alianza Pacíf y crisis en Ven FC
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ARG       Ent a Laura M: Burocracia sindical es funcional a los gobiernos"  M H
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BRA        Frente Pueblo Sin Miedo  ¿Adónde vamos? Plinio Arrud A parar Lula
La estrat “Lulism” debe ser ABSTENCION con Moviliz Pop y Paro Nac
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Mund    -Israel, un caballo de Troya en India  Guadi Calvo
                -batalla de Stalingrado, momento crucial de la historia W Peynsaert
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Ecua       -Ganó la derecha, ¿y ahora qué?  Atilio Boron  A corregir errores!
                -Dejenlo gob! El poder no nace arriba. A trabajar los Gbnos locales!
                -Un líder puede ser bueno (Co) pero si no cambia el sistema, no vale
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                - Uruguay Cuando el capital capitaliza descontento del capitalis AF
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Cuba      - debate Ref Econ:  ¿Incluyente, precisa y articuladora? P Monreal
                -Salvar el Malecón  Susana Antón
                - enseñanza del marxismo:  El milagro que debe realizarse MA H
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No detener las elecciones pero asegurar voto popular, lo que supone:
1-La seguridad nacional exige sacar del poder a todos los militares pro USA y
Armar con Mil-Nacionalistas Prog de Reconst que respond al sentir Popular
2- Asegurar el apoyo de Rusia y China para Proy de reconstrucción Nacional
3- Orden requiere Provisional Estatizac de Prensa e instaurar toque de queda
Si Embajada USA persisten en armar golpe y evitar elecciones: CERRARLA
4-Asegurar no-interferencia de OEA pro USA y respeto latino a Soverania Nac
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Diran que es auto-golpe.. pero ocurrió en Perú con la venia USA-OEA en 1992
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Keiser Report   Masacre en Davos
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PRESS TV
Global situation described by Iranian observers..


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Syrian special forces investigating in Idlib  Is this a CIA Report?
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