ND JUN 24
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
Without the quad-witch magic, stocks unable to hold gains as
bonds, bullion, and bitcoin all see safe-haven bids
Ugly day
for Trannies and Small Caps, Dow managed to cling to gains but S&P and
Nasdaq scrambled around unch before a weak close (second in a row)...
See Chart:
The
(cash) opening spike at the open could not hold...
See Chart:
Dow
Industrials and Transports have notably decoupled...
See Chart:
Dow
Industrials vs. Dow Transports
Notably,
the decoupling of Small Caps and Trannies occurred when the ammo for
short-squeezes ran out...
See Chart:
Most
Shorter Stocks
VIX and
Stocks remain decoupled...
See Chart:
Bloomberg's
Ye Xie notes, the risk is that the
equity market hasn't priced in enough potential bad news on earnings and the
economy.
See Chart:
Notably though, equity risk has
entirely decoupled from the risk of bonds and bullion - some suggest this as a simple way to quantify the 'value' of the 'Fed Put' -
around equity 25 vol points compression
See Chart:
Treasury
yields were down a pretty uniform 3-4bps or so across the curve...
See Chart:
And the
yield curve flattened...now inverted for 22 days straight...
See Chart:
The
Dollar Index extended its decline...
See Chart:
Bloomberg
Dollar Index
Falling
well below its 200DMA now...
See Chart:
DXY
Dollar Index
Finally,
when everything is yielding below zero, a zero-yielding asset has more value...
See Chart:
Market
Value of Global vs. Gold
"World-Gone-Mad" premium soars.
….
----
----
"Spot and July VIX, which
expires pre-FOMC, fell sharply on the FOMC news but have bounced since while the belly of the curve is now higher
than before the meeting."
In the immediate aftermath of
the dovish Fed announcement which saw the Fed lose its "patience" and
guide to a July hike (with the market now pricing in roughly 30% of a 50bps
double-cut next month), spot and July VIX, which
expires pre-FOMC, fell sharply on the news but have bounced since while the belly of the curve is now higher
than before the meeting.
See Chart:
Pre FED
Current vs. VIX term Structure
Meanwhile, as noted above
volatility was far more bouncy across other assets, with both yen and 10-year
Treasury VIXs have also risen after initial declines suggesting
surprisingly little change to the already nervous cross-asset market risk
sentiment (Figure 1).
See Chart:
Even as UBS notes that it is
"tactically positive global equity markets and estimate about 3.5% upside
to fair value, all else equal, from a 25bps lower discount rate consistent with
revisions to the long term dot", the risk remains that the Fed's string is
getting too long and soft to push on it: as Kaiser concludes "the challenge for risk assets
will be balancing lower rates with the slower growth outlook necessary to
justify them."
…
----
----
"There is perhaps no broader
measure of economic activity for the US than Freight shipments. It is now at a
critical level as further deterioration could be sending a real signal about
recession risk."
See Chart:
….
SOURCE: https://www.zerohedge.com/news/2019-06-24/latest-shipping-data-verge-recession-morgan-stanley
----
----
...where just a few weeks ago would-be gold and
silver buyers thought they had plenty of time and feared being
stuck in a dead-money asset, they now feel like time is running out. FOMO has become their dominant impulse...
====
US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
"The insouciant American - indeed,
Western - people are kept unaware
by design... What I am telling you is that it is very easy for fanatics to produce Armageddon..."
====
"Monetary accommodation is not
"free." I am concerned that adding monetary stimulus, at this
juncture, would contribute to a build-up of excesses and imbalances in the
economy which may ultimately prove to be difficult and painful to manage."
====
"You're scaring the children (of illegal
immigrants)..."
====
Follows Tucker Carlson's "bureaucratic tapeworm" comment.
====
The asymmetries are piling up and we're cracking under the
weight...
====
"The truth is the communist party isn’t out to hurt you
... it will set you free."
====
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
"The insouciant American - indeed,
Western - people are kept unaware
by design... What I am telling you is that it is very easy for fanatics to produce Armageddon..."
====
It is
clear that Iran is sending the U.S. a stern message. And that message is we can hurt you asymmetrically as much as you
hurt us...
====
When asked if troops were detaining
migrants to prevent them from entering the US, Sandoval said "yes."
====
"If
sanctions are not lifted one way or another, we are only at the beginning of the crisis. Much more can be
expected" — IRGC General
====
Only Saudi Arabia and the United Arab Emirates have pipelines that can ship crude oil
outside the Persian Gulf and have the additional pipeline capacity to circumvent the Strait of Hormuz...
====
"To China, he is still
a CIA director who takes over
State Department."
====
"It will have an effect because
it will annoy the Iranians and make negotiations hard to pull off if the
supreme leader is sanctioned."
====
SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-----
----
NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION
====
ALAI ORG
====
RT EN ESPAÑOL
- "Con toda la fuerza y contundencia": Maduro autoriza a la Fuerza Armada a responder a Iván Duque
- "Irán nunca podrá tener un arma nuclear": EE.UU. aprueba sanciones contundentes contra Teherán
- México envía 15.000 militares a la frontera con EE.UU. para frenar la migración
- FOTOS: Buques de guerra rusos llegan a La Habana en medio de las tensiones entre Cuba y EE.UU
- Estas son las selecciones clasificadas a los cuartos de final de la Copa América
- Cómo reaccionaría el mercado de petróleo a una guerra entre EE.UU. e Irán?
----
----
COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
Jim
Kavanagh Eve
of Destruction: Iran Strikes Back
Howard
Lisnoff “Bomb,
Bomb, Bomb Iran”
Mel
Gurtov Iran—Who
and Where is The Threat?
----
----
GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
----
----
DEMOCRACY
NOW
Amy Goodman’ team
-“Somebody
Is Going to Die”: Lawyer Describes Chaos, Illness & Danger at Migrant Child
Jail in Texas
- Ola
Bini, Privacy Activist and Julian Assange Friend, Speaks Out After Release from
Ecuadorian Jail
----
----
PRESS
TV
Resume of Global News described by Iranian observers..
- China, US officials discuss trade before Trump-Xi meeting
- US: Palestine deal falls between Arab bid, Israeli stance
- Trump trying to sell all Palestinians have
- Mexico deploys 15k troops to US border
- UK will ‘have to consider’ backing a US war with Iran
- ‘New Iran bans another sign of US disrespect for intl. law’
- Putin puts Russian army on high alert
- Trump scaring US children: Pelosi
- Iran refining capacity up by %40 in 2 years
- Iranians facing economic terrorism: Judiciary chief
- PROGRAMS
- Natl. nuclear tech day
- The Place I Lost My Leg
- U.S. Middle East Plan
- US strategy: sanctions, total annhilation, and talks
- U.S. 'Violation' of Iran Airspace
----
===
No hay comentarios:
Publicar un comentario