martes, 28 de mayo de 2019

ND MAY 28 19 SIT EC y POL



ND MAY 28  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

CARNAGE!

If bonds are right, then stocks are...
Despite proclamations that month-end pension rebalancing would spark buying in stocks this week.
S&P closed just above the critical 2800 level...
See Chart:

US markets followed the overnight excitement, opening higher and accelerating at the cash market open once again. But that did not last... the afternoon was brutal...
See Chart:

The closing dump seems to confirm the recent trend of overnight weakness and no one wanting to hold longs through the night...
See Chart:

And US markets ended much worse than China and Europe...
See Chart:

Financials are notably outperforming the market and hugely divergent from the collapsing yield curve...
See Chart:

And the VIX term structure re-inverted today...
See Chart:

Treasury yields collapsed today on growth fears and a very aggressive 2Y auction...
See Chart:

Collapsing the yield curve (3m10Y to -9bps) to its flattest since August 2007...
See Chart:

The yield curve is inverted to around 15 years...

And 10Y inflation Breakevens collapsed further to critical support...

With the market expecting almost 2 full rate cuts now...
See Chart:
Market-Implied 2019 Fed Rate Change Expectation

WTI Crude hovered around $59 all day...
See Chart:

Finally, this won't end well for one completely-convinced cohort of group-thinkers...
See Chart:

And the only support for this is leaving the building...
See Chart:
Global stocks vs Global money supply
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"While last fall's equity volatility was driven by higher rates, the next bout of equity volatility will be driven by weaker growth and earnings misses from stocks that are not priced for it."

See Chart
See more charts
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The dawning may have begun, the realization that growth again has been overstated...

As I  indicated in the interview we’re currently seeing some oversold conditions emerging, example the stochastic on the $NYSI is max oversold at the moment:
See Chart:

That does not preclude new lows, but it also puts bears on notice: A rally is coming, question is from where.
I mentioned seasonality in the interview as well, but pointed out that turning markets in May can also bring sizable further downside risk for June.

As we’re approaching the end of May this week and are heading into June next week here’s a historic look $SPX performance between the end of May and the end of June since 2000:
See Graphic


As long as bulls can defend this area, should we get there, bulls may be fine.
But let’s be clear: There’s been no break of 2800 yet, and for now all this remains theoretical, but keep these levels in mind in case we do get a break.
In the meantime, how do we know when bulls are regaining control?  

Simply put, they need to close a week above the weekly 5 EMA:
See Chart:

This weekly chart, simple as it is, is actually quite interesting.

Firstly note how the May highs stopped at the 2016 trend line resistance dating back to the US election low, hence this minor correction here actually reacted technically quite cleanly.

Also note the weekly 50MA is also coinciding with the daily 200MA I outlined earlier offering further confluence support on a break below 2800. So for all the ethnical pattern targets I would expect a further price battle in the 2750-2780 zone on a break below 2800.

Finally note how the weekly 5 EMA has been resistance and a point of rejection in the past 2 weeks. In Q1 it was support, now it’s resistance. To get to 2900 again, bulls need to close a week above the weekly 5 EMA. It’s currently sitting at 2856. And also note $SPX also need to regain its 50MA which is currently at 2874, bulls also need to recapture that price one to regain control.

So there you go: The battle for control is cleary defined. Bulls must get above 2856 at least and stay above and bears need a break below 2800 and stay below. In the meantime: Chop.
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The status quo measures wealth with "money," but "money" is not what's valuable...
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...when we refer to 'the heartland of America', the truth is that vast stretches of that 'heartland' is now owned by foreigners, and most Americans have no idea that this is happening
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US  DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio


"We investigated. We didn’t gather information about the campaign’s strategy. We didn’t "spy" on anyone’s campaign."
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"... the most narcissistic generation in American history... feel entitled to everything, but they don’t want to work for it..."
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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


Syria heating up again...
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO  ..Focus on neoliberal expansion via wars & danger of WW3

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NOTICIAS IN SPANISH
Lat Am search f alternatives to neo-fascist regimes & terrorist imperial chaos

REBELION

US-CHI: Mucho más que una guerra comercial  Sergio Rodríguez
USA: Siempre serás un deportado  Emiliano Gullo
VEN: Tres tristes fiascos de la oposición VEN Juan Alberto Sánchez
ARG: Carta a Cristina F de Kirchner  Cuidate mucho  Marta Dillon
USA:  LOS NIÑOS (otra vez)  David Brooks
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ALAI ORG

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RT EN ESPAÑOL 

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INFORMATION CLEARING HOUSE
Deep on the US political crisis: neofascism & internal conflicts that favor WW3

- IDIOCRACY   By Paul Edwards
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more business-wars from US-NATO  allies

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DEMOCRACY NOW
Amy Goodman’  team

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PRESS TV
Resume of Global News described by Iranian observers..


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