ND APR 8 19 SIT EC y POL
ND denounce
Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
ZERO
HEDGE ECONOMICS
Neoliberal
globalization is over. Financiers know it, they documented with graphics
US ECONOMIC
SITUATION TODAY:
Just
keep buying? .. Who's buying?
Early
strength in China gave way to an ugly day for small cap tech after Friday's
market vacation...
See Chart:
US
Small Caps (Russell 2000) and Mega Caps (Dow Industrials) underperformed today
as tech lifted Nasdaq and S&P...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2019-04-08_13-00-15.jpg?itok=Fmm9n_CC .. Wrong
image?
Dow
was weak due to Boeing (accounting for more than the entire point loss of the
index)...
See Chart:
The
S&P 500 Information Technology Sector reached a new record high today (taking out the Oct
3rd highs)...
See Chart:
10Y
holds above 2.50%...
The
dollar extended its dump from 120 (Bloomberg Dollar Index)
See Chart:
And
WTI topped $64 on its way to $65 and the Fib 61.8% retracement... (Libya
crisis, sanctions against Iran, Venz)
See Chart:
Finally,
since October 3rd - the last time the S&P 500 was here - earnings
expectations and MACRO-ECONOMIC DATA HAVE COLLAPSED...
See Chart:
Is
it time for a recoupling?
….
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How
investors see US economic collapse?
First it was JPMorgan, then Morgan Stanley, now it's Goldman
Sachs.
Late
last week, JPMorgan's "other" quant, the house bear Nikolaos
Panigirtzoglou published
a report in which he said that while he maintains a risk-on, he warned
that "Investors
should start building up hedges against the risk of a repeat of the past two
weeks' yield curve inversion episode." Panigirtzoglou also
observed that "the relative signs of complacency in US equity markets
relative to rate markets implied by Figure 1 illustrate the need to hedge our equity overweight." As the
chart below shows, whereas equity markets now price in
just an 8% chance of recession and junk bonds only 6%, bond markets are
virtually certain a recession is coming, with implied odds of over 70%.
See Chart:
And now
it's Goldman's turn.
In a note
published on Monday afternoon, Goldman strategist Alessio Rizzi discussed
something we have repeatedly touch on, namely that despite being one of the
strongest rallies for risky assets, flows into equity funds have been abnormally weak YTD. In
fact, as BofA recently noted, 2019 has been the worst
year for stock outflows since 2008.
See Chart:
Expounding
on a paradox first touched
upon by Deutsche Bank in February, the Goldman strategist writes
that "historically fund flows
tend to be closely correlated with equity performance, but the recent
divergence is one of the largest since the GFC." And so, echoing
the bullish thesis presented by JPM's Marko Kolanovic, Rizzi writes that
"this metric suggests a lot of investors have not participated in the
equity rally and this has increased "FOMO" (fear of missing
out)."
The
explanation for this divergence is obvious: a more dovish Fed has boosted the
fixed income aggregate, which attracted most of the flows YTD - roughly $55 bn
in credit funds and $30 bn in government bond funds. Meanwhile, within equity, fund flows in EM equity remained stronger than
DM, supported by better China data, while Europe continued to be the least
favored region.
See Charts:
To Goldman,
the combination of worse macro fundamentals, or "bad news is good
news", investor preference towards the growth factor and political
uncertainty explains the declining positioning toward equities. However, other
risk sentiment metrics are suggesting a more constructive view among
investors in recent weeks. In particular, future positioning is now close to
January 2018 highs, and RAI momentum - which tracks risk aversion over
short-term horizons - has increased materially. As a result, whereas overall investor positioning continues to pick up, it
remains relatively neutral and still less bullish compared to January 2018
levels.
See Chart:
And judging
by Goldman's conclusion, not even the FDIC-insured hedge fund is especially
enamored with its economic optimism, which is why, after JPMorgan and Morgan
Stanley, Rizzi writes that "we remain constructive in our asset
allocation, but we would add
protection hedges as risky assets continue to outperform and volatility resets
lower."
In other words,
as of this moment all three big US banks are
effectively taking profits. Which, considering we are about to enter the worst
earnings season since 2016...
See Chart:
... means that the banks - if one reads between the lines, since
the house calls are still all decidedly bullish especially, at JPMorgan which
remains convinced that S&P 3,000 is just around the corner - are now
actively dumping risk to retail investors, who at least for now, are happy to
buy it all.
….
SOURCE:
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Step side student loans: the
Lambda School is the first school to equitize human labor as a business model.
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... And tell me again, oh Mr Market, where this ends?
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US DOMESTIC POLITICS
Seudo democ
duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
"THE
AMERICAN DREAM IS LOST" - RAY DALIO TELLS '60 MINUTES' WHY AMERICAN CAPITALISM
MUST BE REFORMED
"If I was president of the
United States what I would do is recognize that this is a national
emergency..."
====
Surprise, surprise...
====
A supervolcano has the ability to “push mankind to
extinction” with an eruption, NASA (National Aeronautics and Space
Administration) further warned...
====
Obamacare’s proponents promised that the law would reduce
costs, expand access, and allow us to keep our doctors if we liked our
doctors. The reality has been
quite different...
====
"There
is a near-systematic purge happening at the nation's second-largest national
security agency..."
====
While to some, President Trump is a bullshit artist
of the first order...his presidency offers an open invitation to Americans
to confront myths about the way their country actually works...
====
Yet signs of inflation continue to elude the FOMC...
====
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global
depression is on…China, RU, Iran search for State socialis+K-, D rest in limbo
Step aside (fading) trade war
with China: there is a new aggressor - at least according to the US Trade Rep
Robert Lighthizer - in town:European
aircraft subsidies.
====
"There
is no way to send this cash assistance," the
Red Crescent said in a statement.
====
SPUTNIK
and RT SHOWS
GEO-POL n
GEO-ECO ..Focus on neoliberal expansion
via wars & danger of WW3
====
SHOWS
RT
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NOTICIAS
IN SPANISH
Lat Am
search f alternatives to neo-fascist regimes & terrorist imperial chaos
REBELION
Ent a Ana Cairo: Antiguas preguntas, siempre
renovadas
====
ALAI ORG
====
RT EN ESPAÑOL
- ¿Qué es la Guardia Rev Islám de Irán, que Trump califica de terrorista?
- Fiscal de Colombia alerta de plan terrorista contra Iván Duque en el Cauca
- La última escalada en Libia: tropas de Haftar cercan a Trípoli para tomarla
- Reino Unido aprueba un proyecto de ley que impide el Brexit sin acuerdo
- AMLO: México busca una salida pacífica a la crisis en Venezuela
- En la mira El Brasil de Bolsonaro
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INFORMATION
CLEARING HOUSE
Deep on the
US political crisis: neofascism & internal conflicts that favor WW3
GLAG TO
KNOW : IT HAS BEEN REESTABLICHED. WE NEED UPPDATES ASAP
====
COUNTER
PUNCH
Analysis on
US Politics & Geopolitics
W.
T. Whitney The
Burning of Highlander Center: a Fascist-like Attack
Howard
Lisnoff The
Political Left is Bigger Than Imagined: Ask the Feds
Jeremy
Lent What
Will You Say to Your Grandchildren?
Jesse
Jackson Trump’s
Big Lie About Health Care
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GLOBAL
RESEARCH
Geopolitics
& Econ-Pol crisis that leads to more business-wars from US-NATO allies
-Libya: There’s a Reason Why the West Is Portraying
Haftar as a “Russian-Backed” Bogeyman By Andrew Korybko
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DEMOCRACY
NOW
Amy
Goodman’ team
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PRESS
TV
Resume of
Global News described by Iranian observers..
- US labeling of IRGC meant to cater to Israel, experts say
- UN urges immediate halt to fighting in Libya
- Colombia’s lower house rejects changes to peace tribunal
- Trump fires Secret Service chief
- Classrooms empty as Polish teachers go on strike
- British MPs approve bill to force Brexit delay
- 'Iran designates US Central Command as terrorist group'
- Neo-Nazi figure ordered to return to his country
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