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...
====
...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
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ALAI ORG
====
RT EN
ESPAÑOL
- Huawei presenta una demanda judicial en EE.UU. contra la decisión de incluirla en la lista negra
- De Nike a Capitán América: las marcas 'en peligro' de EE.UU. si China decide vengarse por el caso Huawei
- Presentan un nuevo proyecto de ley del aborto en Argentina
- López Obrador cede ante el Comando Sur de EE.UU.: México se suma al ejercicio militar en el mar Caribe
- Controversia por plagio de diseños indígenas por marcas célebres
- La economía VEN registró una contracción de 47,6% entre 2013 y 2018
- "Está en nuestro patio trasero": Senador de EE.UU. propone invadir Venezuela como Reagan a Granada
- Estudio alerta que América Latina continúa en niveles muy bajos de competitividad a escala mundial
- No solo existe Huawei: Otro gigante tecnológico chino estrena dos nuevos modelos de teléfono móvil
- Keiser Report "Un montón de políticos USA se han enriquecido gracias al Partido Comunista Chino"
- USA: 'Sueños y pesadillas' de una sociedad dividida por las armas
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INFORMATION
CLEARING HOUSE
Deep on the US political crisis: neofascism & internal
conflicts that favor WW3
- The World: What is Really Happening By Craig Murray
- 18 Ways Julian Assange Changed the World By Lee Camp
- IDIOCRACY By Paul Edwards
- EVERLAST - WHAT IT'S LIKE WATCH
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COUNTER PUNCH
Analysis on US Politics & Geopolitics
Michelle Renee M Assange’s
Assault on Toxic Masculin Militarism
Nozomi Hayase We
Must Defend Assange to Save Democ from Amer Despotism
Manuel E. Yepe The
Bolsonaro Phenomenon May be Brief
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GLOBAL RESEARCH
Geopolitics & Econ-Pol crisis that leads to more
business-wars from US-NATO allies
- US
Nuclear Plans Entailed Blowing Up Hundreds of Chinese, Soviet and Eastern
European Cities By Shane Quinn,
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DEMOCRACY NOW
Amy Goodman’ team
- DeJaun
Davis-Correia & Ben Jealous on Billionaire’s Pledge to Pay Debt of
Morehouse Graduating Class
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PRESS TV
Resume of Global News described by Iranian observers..
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