AUG 3 20 ND 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
"Either
the risks to the recovery--COVID case spike, election concerns, fiscal
cliff--need to subside and the market broadens or these risks will ultimately
topple the winners, too."
Yesterday we published the latest
weekend note from Morgan Stanley's chief equity strategist Michael
Wilson in which he explained why he believes that in the long run his bullish
take on risk assets would be validated, for the simple reason that long-absent inflation would finally emerge due to the launch
of helicopter money which has triggered a record surge in M2 money supply...
SEE Chart:
Goldman
warned that virtually all market
gains comes from a handful of stocks (specifically, five of them Microsoft,
Apple, Amazon, Alphabet and Facebook), which have soared more than 35% since
the start of the year, while the rest of the market remains in the red.
See
Chart:
The five
largest stocks have returned 35% YTD,
the other 495 declined by 5%
….
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Is everything awesome?
Another day, another nicely engineered short squeeze...
See Chart:
“Most Shorted” Stocks
And a better than expected ISM print
(ignoring the decline in the Markit PMI) sparked a bid in value/cyclical stocks...
SEE Chart:
All helped lift the broad markets today (despite a late-day
drop on McConnell comments about the Democrats )"not
budging" on negotiations... (Small Caps managed to outgain tech on the day
thanks to that late drop)
See Chart:
NOTE the cash open saw an immediate panic-bid in
Nasdaq and dump of Small Caps, but the latter quickly reversed.
AAPL & MSFT accounted for more
than half of The Dow's gains today, but gun stocks surged more on the back of
huge surge in background checks...
See Chart:
Momentum continues to keep the dream
alive...
See Chart:
The rally in stocks held up despite
a big surge in the dollar (which has been highly inveresely correlated with
stocks for much of the last four months)...
See Chart:
Dollar Index (inv) vs
S&P 500
Bloomberg Dollar Index: Biggest 2-day jump in the dollar since early
June..
See Chart:
Treasury yields were higher on the
day skewed to long-end underperformance amid the massive Google issuance (2Y
+0.5bps, 30Y +4bps)...
See Chart:
But even with those rate-locks and
rotation, UST 10Y yields barely budged by the close...
See Chart
Gold scrambled into the green as the
dollar started to leak lower...
See Chart: Dollar / Gold
Finally, there's this: Bloomberg reports that
income-oriented investors have less reason than ever to favor U.S. corporate
bonds over stocks. The
gap between the yield on the Bloomberg Barclays U.S. Corporate Bond Index and
the dividend yield for the S&P 500 Index shows as much. Both yields were
about 1.9% at the end of last week, according to
data compiled by Bloomberg
See Chart:
Corporate yields have been as much as 11 percentage points
higher on a monthly basis since the 1970s, as shown in the chart. The most
recent peak was 2.4 points, reached in November 2018. But then again with The Fed's foot
on the throat of all price discovery, it makes sense that everything is the
same, no matter the risk differentials.
….
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With the
presidential elections are looming, we hope that we don't need to answer
"why" this massive spending is about to be unleashed.
….
First, when putting together the
actual data for the first three quarters of fiscal 2020 and adding the Fiscal
Q4 estimate of $947BN in new issuance, the Treasury
will borrow a record $4.5 trillion in Fiscal 2020, more than it borrowed in the
previous view years combined!
SEE CHART:
Marketable
Debt Borrowed Per Fiscal Year
….
SOURCE: https://www.zerohedge.com/markets/us-treasury-set-spend-mindblowing-3-trillion-next-few-months
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With spreads between value and growth at record levels and an explosion of speculative listings through
IPOs and SPACs underway, today’s market environment shares numerous features with prior
peaks in 2000 and 2007.
….
….
Despite this, Kailash will not abandon a
previous approach whose logic we understand (although we find it difficult to
apply) even though it may mean foregoing large, and apparently easy, profits to
embrace an approach which we don’t fully understand, have not practiced
successfully and which, possibly, could lead to substantial permanent loss of
capital.
As any student of the markets will instantly see – the bolded statement
is plagiarism. Those words were written by Warren Buffett in 19673 in
response to pressure to pursue the “nifty fifty” whose exorbitant valuations
were rationalized using a slew of new valuation methods.
SEE CHART:
In the
last 3 years, growth has experience meteoric outperformance overvalue
….
SOURCE: https://www.zerohedge.com/markets/time-different-death-valuation-intellectual-calamity-big-data
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US
DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds
& corruption. Urge cambio
"If the dollar loses that status then the foundation crumbles and the whole house of cards
topples..."
The dollar WILL crash. That’s the goal. There
will be a new digital dollar and it will be centralized and controlled by the
Federal Reserve banking cartel. It will likely all be tied
together with your mandatory vaccine too. The beast system will be rolled
out and it may be sooner than we expect.
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...and that is where the demands stop having
much to do with COVID and starttaking advantage of a crisis...
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What’s likely is the Fed will convert us
to a cashless society and adopt a social credit system... it will
mean the total enslavement of humanity...
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Meanwhile, the global coronavirus outbreak is expanding at an
unprecedented clip of 250k new cases a day...
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DeBlasio justified the decision to not follow the normal permit
process, saying that that message
“transcends all normal realities because we are in a moment of history where
this had to be said and done"...
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“Do we buy insulin or groceries?
It’s a hard juggle,”
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This Fourth Turning still
has five to ten years left before it burns itself out. One thing is
for sure. It will not de-intensify
before a climax is reached, with clear winners and losers. Much bloodshed is likely to befall the globe
before its finale...
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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
For anyone
who ever thought America's role in Syria was somehow about
"protecting human rights" or "promoting democracy"...
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With the
fall semester officially starting this week in some parts of the US, the
question of how public schools will reopen for the fall semester, and how much
in-person learning to allow, if any, is weighing on the minds of millions of
Americans.
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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 NET ORG
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EL
RESTO PARA MAÑANA
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