miércoles, 30 de mayo de 2018

MAY 30 18 SIT EC y POL



MAY 30 18  SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Econ


ZERO HEDGE  ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics

Todays’ US Economic collapse:

Equity investors are convinced...
Does this look like Italy is 'fixed'?
See Chart:


US Bank stocks bounced but remain notably red on the week...
See Chart:


In fact the big US banks are still notably weaker...
See Chart:


The Russell 2000 was squeezed to another new record high today as the entire US equity market soared on absolutely nothing. In Europe - no resolutions, no nearer a non-anti-establishment government, and no promise of support from the ECB (in fact the opposite)...
See Chart:


Oh and for those who suggest that buying Small Caps makes sense here as they are domestically-focused - well fuck that, US economic data has been dismal and got worse today as GDP missed expectations...
See Chart:


The simple reason why Small Caps exploded higher is - another massive short squeeze...
See Chart:


Bonds and Stocks decoupled as US market opened (stocks spiked, bonds were bid)
And Credit and Stocks decoupled massively...
See Chart:


The yield curve collapsed today, erasing yesterday's brief steepening... This is the 2nd lowest close for the 2s30s curve since Oct 2007...
See Chart:


The Dollar Index tumbled back to unchanged on the week...
See Chart:


Finally, while the mainstream media celebrates today's manic melt-up in stocks (blatantly ignoring bonds, credit, economic data, and Italy), the SMART money is paniccing out of the market.
See Chart
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When housing costs reach this point, there’s no real fix...
See Chart:
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It appears The Fed's desperate efforts to normalize interest rates (and its balance sheet) before the next recession strikes is reflexively driving a significant part of the economy towards that very end.
See Chart:


And it appears Homebuilder stocks are starting to pick up those signals - despite, still near cycle high NAHB optimism...
See Chart:
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" Indeed, it was altogether another world..."
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SO..

"What is truly telling is just how quickly everything changed. That’s not Italy, that’s the fragility of this whole narrative from inflation hysteria to this boom that never was."
See Chart:
See more charts at:
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US  DOMESTIC POLITICS
Seudo democ y sist  duopolico in US is obsolete; it’s  full of frauds & corruption. Urge cambiarlo


Did DARPA just admit to investigating transhumanism "for national security"?
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"...we as a country are suckers to subsidize it... Just because it is lucrative for an individual doesn't mean it's a good idea for a country."
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US-WW ISSUES (World & War):  M-East .. plus
Global depression is on…China, RU, Iran search for State socialis+K- compet. D rest in limbo


Crude oil inventories in the Organization for Economic Co-operation and Development have fallen below their five-year average level, a high-ranking OPEC official told S&P Platts this week. They are now 20 million barrels below that average...
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"During the presidential campaign, Trump clearly spoke about the performance of his rival, Mrs. Clinton, saying that the US has created ISIS." - Iran spokesman.
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TIME'S UP!
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SPUTNIK and RT SHOWS
US  inside  GEO-POL n GEO-ECO  ..News


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RT SHOWS
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to break with Empire: 


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M-Or     Los yemeníes no pueden esperar más   Jonathan Fenton
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USA       Trump V. Dem: En lo más hondo del agujero de la memor   Karen J. G
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                - -Detención o libertad. El concepto “retención” es ilegal  Patricia S
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Media   -- Por qué Silicon Valley odia el periodismo    Carlos Hernández
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África    -Chad, desastre hídrico y miseria  Edmundo Fayanas
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ALC        -Che: vigencia de su pensamiento   Cristóbal León Campos
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                -- La farsa del farsante compulsivo   Eric Nepomuceno
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Or M      - ¿Es la Liga Árabe un artilugio saudí?   Akram Belkaïd
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Cuba      -Cuba y la Unión Europea: Variables de progreso    Edo Perera
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COL        -El cipayo global Santos y su triste final   Alberto Pinzón
                - De fábulas y trampas    Álvaro Cuadra
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ALAI       ARG: Precios en dólares, salarios en pesos   CEPA
                ARG: Cuando las distopías se hacen realidad  Carlos Fernández
                ARG: Nada que el FMI pueda solucionar  Fabiana A
                ARG: El Comando Sur en Neuquén   Elsa M. Bruzzone
                USA: Surge el independentismo en California  Manuel E. Yepe  
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                - América Latina y la vejez maltratada Eduardo Andrade
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n chances of WW3


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America: The Dictatress of the World   By Jacob G. Hornberger    Continue
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Islamophobia Inc   Watch    Continue
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars:  its profiteers US-NATO


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PRESS TV
Global situation described by Iranian observers..


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martes, 29 de mayo de 2018

MAY 29 18 SIT EC y POL

MAY 29 18  SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Econ


ZERO HEDGE  ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics

Global Econ situation today:  BLOOD-BATH


And there it went...
To summarize:
  • Italian 2Y Yield biggest spike ever
  • Italian risk curve inverted
  • Italian 'redenomination risk' record high
  • Spanish 2Y bond yields spike to 2Y highs
  • Spanish 'redenomination risk' record high
  • EU banks crash 11% in last 4 days to 18-month lows
  • US BANKS PLUNGE 4% TO 6-MONTH LOWS
  • VIX back above 200DMA
  • US 5Y TREASURY YIELDS PLUNGES OVER 18BPS - MOST SINCE MARCH 2009
  • US 30Y Yield back below 3.00% - lowest in 7 weeks
  • Dollar Index spiked to 6-month highs

Lets see come Charts
Italian capital markets collapsed today.
See Chart:


Italian banks are in freefall...
See Chart:


The biggest US banks are under severe pressure today with Goldman now down 18% from the March peaks...
See Chart:


This is Goldman Sachs' and Citi's worst start to a year since 2011.
See Chart:


Bank weakness weighed on The Dow (down 2% at the lows) but all major US equity indices suffered...
Did we get a visit from the Plunge Protection Team into the US close today?
Nasdaq futures were excited yesterday but gave all that back today...
See Chart:


The Dow is back in the red for 2018 and S&P back to almost unchanged...
See Chart:


S&P tumbled through its 100DMA and tested its 50DMA...
See Chart:


FANG stocks closed at the lows of the day but it was not a bloodbath there...
See Chart


Credit markets were crushed today...
See Chart:


Treasury yields plunged back to stocks post-Feb crisis...
See Chart:


We wonder what this chart of record short aggregate Treasury speculative positioning will look like next week
See Chart:


The Dollar extended yesterday's gains as EUR tumbled further... The Dollar is now at 6-month highs
See Chart


Despite the dollar strength of the last two days, gold clung to unchanged since Friday, even as crude crumbled...
See Chart:


Oil prices tumbled further today...
See Chart

Finally, we note that the odds of The Fed hiking rates 3 more times in 2018 have collapsed...
SEE chart:


Bonus Chart: Elon is having a bad day as TSLA Bonds collapse to a record low close...
See Chart:
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This is how systems collapse: faith in the visible surface of abundance reigns supreme, and the fragility of the buffers goes unnoticed.
See Chart:
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"Don’t look now, but I think there is a $100 bill lying in front of us..."

Therefore it was with great interest that I dug into the following tweet by my pal Adam Collins at Movement Capital (a must follow on twitter):
See twit & Chart:


If markets were even remotely efficiently no one would pay at 15.72% premium to NAV (Net Asset Value) for a fund that buys QQQs and then shorts some calls against the position.
The return stream could be easily replicated with a little work. There is no need to pay an extra 15% of your principal for the privilege of another money manager executing this strategy.
Think about the absurdity of investors driving the fees on ETFs down to single digit basis points, but then paying almost 1600 basis points over the intrinsic value of this closed-end fund. The outperformance from this manager would have to be spectacular to justify this sort of premium.
I have nothing against Nuveen’s product. They figured out what investors wanted and delivered. Good for them. Free markets for free people.
But let’s use this to our advantage to examine the signals this popularity is sending.
First of all, the base index is the Nasdaq 100. We might as well rename this the FAANG index. Apple (12%), Amazon (9.8%), Google (8.7%), Facebook (5.5%) and Netflix (1.9%) represent almost 40% of the index. And the Nasdaq 100 has more than doubled the S&P 500 price appreciation over the past five years.
See Chart:


Investors are definitely chasing the hot stocks.
But then instead of just buying the Nasdaq 100, the Nuveen QQQX fund is writing call options on the position - hence the name “Nuveen Nasdaq 100 Dynamic Overwrite Fund”. Yet what does this call selling mean? Well, once again it’s a bet on short volatility. This strategy does well when the implied volatility of the options that are shorted ends up being less than the realized volatility over the life of the options. It’s not quite that simple, but at its heart, this is a short vol strategy.

Let’s put it together. This closed-end fund invests in FAANG-type stocks and then shorts volatility against it. Yup, nothing to worry about there.
And not only that, for the privilege of chasing two of the hottest trends, you pay a premium.
See Chart:

We have seen this story play out time and time again. Investors chase returns and invest in the best performing asset at the worst possible time.
I am not short QQQX, but when it comes time to hit some bids in the FAANG stocks, I will give this closed-end fund serious consideration. I like trades where there is extra juice built into the position. And 15% extra premium for buying some QQQs and shorting some call options against it? Sold to them.

But then again, I believe markets are inefficient and there exist edges that an investor can exploit. What? I know - that’s crazy talk. Don’t look now, but I think there is a $100 bill lying in front of us.

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This “time is not different,” and there will be few investors that truly have the fortitude to “ride out” the next decline. Everyone eventually sells.The only difference is “selling when you want to,” versus “selling when you have to.”

See Chart:
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US  DOMESTIC POLITICS
Seudo democ y sist  duopolico in US is obsolete; it’s  full of frauds & corruption. Urge cambiarlo


One of the fastest ways to ruin anything is to get lawyers involved, and lawyers are running amok in America today...
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"The action they’ve taken to economically penalize players for taking a knee is an alarming trend of authoritarianism..."
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“I will fix this...”
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US-WW ISSUES (World & War):  M-East .. plus
Global depression is on…China, RU, Iran search for State socialis+K- compet. D rest in limbo


“I personally think none of us will be able to get around it...”
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...their plan to steal $110 million was foiled by a vigilant bank employee who managed to stop the transfer before it arrived at its destination...
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SPUTNIK and RT SHOWS
US  inside  GEO-POL n GEO-ECO  ..News


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RT SHOWS
Keiser Report    Episode 1233   Max and Stacy discuss trade wars and Brexit debacles. In the second half of the show Max interviews Jose Rodriguez of Bitso.com about the peso’s great tumble ..
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NOTICIAS IN SPANISH
Latino America looking for alternatives to neoliberalism to break with Empire: 


COL        Impresiones acerca del resultado electoral  Carlos Meneses
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FEMs     en lucha Chile: Tejiendo ciudadanía post-patriarcal   Bet Gerber
                -Mov ‘tetas rebeldes’ lideran lucha por Educ Dem: ni sexis ni patr
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PAL        Copenhague "¿Qué hiciste cuando Gaza estaba muriendo?"  J O
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OPIN     Francia 1968, en busca del mayo perdido   Florencia Rovira
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                -Yo traduzco la última “M” por mierdades; Nazanin por Mandamient
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ALC        - La derecha latinoamer dijo a qué vino  Emir Sader Obvio n lacayos..
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ECON    - -Renta básica y renta máxima  Daniel Raventós
                - -Sustento y sostenibilidad: dos pies bien pegados al suelo    SAC
OPIN      El camino del fascismo   Carolina Vásquez Araya
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AFRIC    -
28 días para una vida  Xabier A  Caso: maternidad en Etiopía
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VEN       - -Elecciones, todos ganan y aceleran   Ociel Alí López
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USA       - -La planta insolente del Comando Sur  Luis Britto García
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                -Escuelas con igualdad protegen la salud
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COL        - -Petro y la Constituyente de la paz   Horacio Duque
                - -Colombia, brazo armado de la OTAN en Latinoam  Camilo Rengifo
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                --- Para la memoria, la paz. A Evio Di Marzo  Ana Cristina Bracho 
                --- El peso histór de la vict de Maduro y Frent Amplio de la Pat  JM
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                - Pensar y repensar una Filosofía de la Hist Latinoamer  MAB
                - Pensar en tiempo de Revolución: antología esencial  FMH, et al
                - Divide et impera   Jorge Majfud   
                - Inteligencia artificial y big data  Mario Ramón Duarte
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USA       Panamá Un presidente al servicio de la CIA  Julio Yao 
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INFORMATION CLEARING HOUSE
Deep on the US political crisis, their internal conflicts n chances of WW3


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Let Your Life Be a Friction to Stop the Machine   This Is A Must Watch Video    Continue
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The Trail of Tears    Short Video    Continue
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars:  its profiteers US-NATO


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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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PRESS TV
Global situation described by Iranian observers..


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