lunes, 19 de octubre de 2020

0CT 19 20 ND SIT EC y POL

0CT  19  20 ND SIT EC y POL

ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco

 

Esta Edic contiene noticias de la victoria del MAS en Bolivia

 

ZERO HEDGE  ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

 

BLACK-ISH MONDAY: STIMULUS STUMBLE SPARKS BIG-TECH'S WORST STREAK IN 14 MONTHS 

                by Tyler Durden

The entire market is now playing a game of deal, or no deal and today's "no deal" headlines sent stocks reeling...               

Nasdaq was down for the 5th straight day, its longest losing streak since Aug 2019...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-19_12-59-23.jpg?itok=aY60EzlP

 

Interesting the drop starte to accelerate around 1430ET - margin call time.

This drops Nasdaq to 10-day lows, erasing 'Nasdaq Whale' gains...

See hart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-19_12-37-56.jpg?itok=towqAK6F

 

And erases most of last week's (early) relative outperformance of Nasdaq vs Small Caps...

See Chart:

Nasdaq 100 vs Russell 2000

https://www.zerohedge.com/s3/files/inline-images/2020-10-19_12-39-26.jpg?itok=86faFq-Y

 

As we detailed earlier, it would seem the short-squeeze ammunition in Nasdaq futs has run out...

See Chart:

“Most shorted”  stocks

https://www.zerohedge.com/s3/files/inline-images/bfm41CF.jpg?itok=12PariaI

 

And escalated quickly today...

See Chart:

“Most shorted”  stocks

https://www.zerohedge.com/s3/files/inline-images/bfm98D0.jpg?itok=wnwufTw6

 

But what was remarkable was the near record surge between the Oct 6 net short of -75K and the subsequent week's net long position of +17.8K. This was the biggest 3-week surge in NQ contracts in more than 15 years, and the second highest increase on record.

See Chart:

Nasdaq 100 features Net  Spec  positioning

https://www.zerohedge.com/s3/files/inline-images/2020-10-19.jpg?itok=mNJoqpTL

 

FANG Stocks sank further...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmD5C6.jpg?itok=DRkd-huY

 

And Financials floundered...

See Chart:

S&P Bank Sector

https://www.zerohedge.com/s3/files/inline-images/bfm46C6.jpg?itok=YsqJTDyg

 

VIX jumped back above 29 today...

See Chart:

S&P vs VIX

https://www.zerohedge.com/s3/files/inline-images/bfm1CB2.jpg?itok=HKltO6k_

 

Treasury yields were marginally higher on the day, despite equity weakness (but all the TSY selling was around the European open)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm3E9B.jpg?itok=NjBtwZ0p

 

UST 10Y Yield: the overnight selling in 10Y pushed yields up to unch from the previous Friday before reversing...

See Chart;

https://www.zerohedge.com/s3/files/inline-images/bfm98BA_0.jpg?itok=AHwwMfp0

 

The dollar ended the day lower but erased a lot of its losses as stocks began to dump in the afternoon...

See Chart

Bloomberg Dollar Index

https://www.zerohedge.com/s3/files/inline-images/bfm7C4C.jpg?itok=9zqR9j8Y

 

Gold had a big roundtrip on the day, ending unch...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-19_12-42-12.jpg?itok=qE6I0bbE

 

Silver followed a similar path, with futs topping $25 briefly

WTI slipped back below $41 as demand fears drifted back...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-19_12-43-12.jpg?itok=Iasfk5Dy

 

Finally, as we noted earlier, today is the 33rd anniversary of Black Monday (of course, it's different this time)...

See Chart:

S&P 500 1987 ND NOW

https://www.zerohedge.com/s3/files/inline-images/bfmF123_0.jpg?itok=nDuIhVjq

 

Now that would be an 'October Surprise'...

Excerpted from Art Cashin's reminisces of that day in 1987 (rings a lot of bells for 2020)...

The first two-thirds of 1987 on Wall Street was nothing short of spectacular... Fear seemed to disappear, and junior traders laughed at their cautious elders. The brash youngsters told each other to “buy strength” rather than sell it, as each buying wave was soon followed by another.

[ZH: Robinhooders?]

One thing that helped banish fear was a new process called “portfolio insurance.” It involved use of the newly expanded S&P futures. Somewhat counterintuitively, it involved selling when prices turned down.

[ZH: Nasdaq Whale buying calls, driving dealer gamma to extremes]

The rally topped out about Aug. 25, with the hitting 2,722 (less than a tenth of its current numerical value). Interest rates had begun creeping up amid concerns of early signs of inflation.

[ZH: Rally topped a week after that in 2020]

...

On Wednesday, Oct. 14, there were widely discussed rumors of a new punitive tax on takeover profits.

[ZH: Worries over Biden's tax plan?]

Friday the 16th was an option expiration day... selling intensified into the close.

[ZH: Today is op-ex day.. and selling intensified into the close]

The weekend was a rumormonger's delight.

[ZH: Well there is sure a lot of discussion about potentially shocking videos of Hunter Biden...]

And don't forget that we had margin increases across most of the major retail brokerages last week.

….

SOURCE: https://www.zerohedge.com/markets/black-ish-monday-stimulus-stumble-sparks-big-techs-worst-streak-14-months

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No even Big ones are save from the pandemic NEOLIBERALISM (see last chart)

IBM REPORTS LOWEST REVENUE THIS CENTURY, SLOWDOWN IN CLOUD, AND ANOTHER GROTESQUE EPS FUDGE 

Another quarter, another dismal report from Big Blue.

There was some hope last year that IBM was finally turning things around: after all, after 5 consecutive quarters of declining revenues, the company had just managed to grow its top-line for the first time since Q2 2018, and only for the 4th time in the past 8 years. Alas it was not meant to be, and moments ago IBM revealed that revenue declined in Q3, dropping for the third consecutive quarter, sliding another 2.6%, and while Red Hat sales boosted cloud and cognitive sales by 7% to $5.55BN Y/Y the number was an ominous slowdown in cloud sales of $5.748BN reported last quarter, with total Y/Y cloud growth also slowing from 30% in Q2 to just 19% last quarter.

See Chart:

IBM Revenue Y/Y change

https://www.zerohedge.com/s3/files/inline-images/IBM%20revenue%20decline%20q3%202020.jpg?itok=b0raTqqK

 

Then again "boosted" may be using the term loosely: at $17.560BN in total revenue, and just shy of consensus expectations of a $17.6BN print, IBM's Q3 2020 was its worst quarter for sales this century, below even the Q1 "covid quarter" revenue of $17.571 billion.

See Chart:

IBM Revenue ($BN )

https://www.zerohedge.com/s3/files/inline-images/IBM%20revenue%20Q3%202020.jpg?itok=QGacMSlD

 

Continue reading and see more charts

And here is the actual "beat" in context:

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-19%20%281%29.jpg?itok=jVVxV1A2

 

"The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform," said IBM CEO Arvind Krishna. "Separating the managed infrastructure services business creates a market-leading standalone company and further sharpens our focus on IBM's open hybrid cloud platform and AI capabilities. This will accelerate our growth strategy and better position IBM to seize the $1 trillion hybrid cloud opportunity.”

To be sure, while IBM was clear to delineate this $1 trillion TAM, just like the past two quarters, IBM did not have enough visibility into the future to give any guidance, yet it was confident enough that no matter what happens it will keep handing almost every penny it makes to its shareholders, and then some: in Q3, when IBM’s free cash flow was just $1.1 billion, the company returned all of that and more to shareholders in dividends: some $1.5 billion.

See  Table:

https://www.zerohedge.com/s3/files/inline-images/IBM%20FCF%20q3%202020.jpg?itok=hSCgZ5LD

 

Naturally, that's not how CFO James Kavanaugh saw it: "In the third quarter we continued to deliver strong gross profit margin expansion, generated solid free cash flow and maintained a sound capital structure with ample liquidity. We have the necessary financial flexibility to increase our investments in hybrid cloud and AI technology innovation and skills, while remaining committed to our long-standing dividend policy.”

And speaking of cash flow, IBM ended the second quarter with $15.6 billion of cash on hand which includes marketable securities, up $1.3 billion from Q2. Debt, including Global Financing debt of $20.9 billion, totaled $65.4, up from $64.7 billion. 

So while IBM's core business remains a melting ice cube, the bigger concern was the slowdown in Cloud growth, which led to another century-low revenue, and after algos read through the boilerplate, was enough to send IBM stock down by about 1%.

See Chart:

https://www.zerohedge.com/s3/files/inline-images/IBM%202020-10-19_16-41-25.jpg?itok=EoXH5yXq

….

SOURCE: https://www.zerohedge.com/markets/ibm-reports-lowest-revenue-century-slowdown-cloud-and-another-grotesque-eps-fudge

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WILL THE STOCK MARKET BE DRAGGED TO THE GUILLOTINE?

                Authored by Charles Hugh Smith via OfTwoMinds blog,

The Fed's rigged-casino stock market will be dragged to the guillotine by one route or another...

I will put the subtitles & you read the content

The belief that the Federal Reserve and its rigged-casino stock market are permanent and forever is touchingly naive. 

What makes this presumption so childishly naive is the tides of history are about to sweep away the era of central banks, their fiat currencies and their rigged casino markets

Under the guidance of the Financial Aristocracy, so-called democratic governance has mutated into totalitarian democracy

The Fed is busy planning a pivot to becoming "the people's source of free money forever" to save itself from oblivion.

With FedNow, the Fed will be able to create trillions of dollars out of thin air and distribute the trillions directly into household accounts at the Fed. 

That endless free money stripped of the last vestiges of discipline will stoke an inflationary death spiral--well, we'll worry about that tomorrow.

Alas, tyranny is still tyranny, feudalism is still feudalism, and history remains unkind to totalitarian regimes

The Fed's rigged-casino stock market will be dragged to the guillotine by one route or another

….

SOURCE:  https://www.zerohedge.com/markets/will-stock-market-be-dragged-guillotine

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US  DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio

 

Politics in America smell rotten everywhere. Who is behind this?  Trump, of course.

HUNTER BIDEN IS NOT THE PROBLEM, THE PROBLEM IS HIS DAD 

...growing crony capitalism has become the bane of modern societyand added greatly to inequality. This is why, when we look at Hunter Biden and how he benefited from his father's role as VP, an investigation is in order...

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If Trump loses today .. lose forever.. and possible in jail for his terrorism inside-abroad

STEVE BANNON: IF TRUMP LOSES THE ELECTION HE WILL RUN AGAIN IN 2024 

A Biden victory won’t mean the end of Trump...

….

There won’t be a Biden victory: he won’t get 50%+ of the total electorate and their people in the  Senate, House & governors will not get either.  They will not have legitimacy & much less governability. People won’t  have confidence on them and region by region, state by state REFEREMDUMS will demand their  Resignation and a parallel government will come.  Social Peace? NO way to create it with ilegitimal rule. IF Central State uses terrorism against protesters, it will open the door for REV and REAL DEMOCRACY WILL DEFEAT FASCISM.

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Los payasos menores del circo electoral no solucionan el prob de los grandes: dan risa

FUTURES RISE AFTER PELOSI, MNUCHIN "NARROW DIFFERENCES" ON STIMULUS 

"The Speaker continues to hope that, by the end of the day Tuesday, we will have clarity on whether we will be able to pass a bill before the election."

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Neoliberal Econ failure (no capital reprod without QEs-Bailouts for 1%+Dept)= V-chaos

MANY AMERICANS ARE NOW PLANNING TO "BUG OUT" AHEAD OF ELECTION DAY AS AUTHORITIES BRACE FOR CHAOS 

Will you be safe where you currently are if the election results cause chaos to erupt in the streets of our major cities?

….

Most Ameri opted for ABSTENCION so far. Not even 20% will go t Pandora box

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Who is more idiot the one who attack or the want who respond. Both are.. who cares

 TRUMP SLAMS "IDIOT" DR. FAUCI: "EVERY TIME HE GOES ON TV IT'S A BOMB...BUT THERE'S A BIGGER BOMB IF YOU FIRE HIM" 

Trump also told staff that WSJ is working on "an important story"

….

La pelea de idiotas en un circo electoral:  a nadie entretiene

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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

 

False flag?  For me any ties  with ISR  is crooked nowadays

ISIS CALLS ON FOLLOWERS TO ATTACK WESTERNERS & OIL PIPELINES INSIDE SAUDI ARABIA 

Rare message comes in wake of Gulf states normalizing ties with Israel

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Finally RU-phobia is dying.. when we start killing the Xenophobia?  When T is gone?

DOJ CONFIRMS "WE HAVEN'T SEEN ANYTHING" SUGGESTING RUSSIA COMPROMISED 2020 ELECTION INTEGRITY 

Reporter"Do you have any evidence of the GRU actively trying to hack... the 2020 election?"

Demers: "...we haven't seen anything..."

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Considering Total Nat  Elector: ABSTENTION will win. Not even 20% go to Pandora Box

47% OF BIDEN SUPPORTERS WILL VOTE BY MAIL; 86% OF TRUMP VOTES WILL BE IN PERSON: WHAT THIS MEANS FOR THE ELECTION

As these votes are tallied it could potentially give a lead to Biden, then in-person voting could swing the election toward Trump,  then Biden could again regain ground as officials work their way through remaining mail-in votes.

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SPUTNIK and RT SHOWS

GEO-POL n GEO-ECO  ..Focus on neoliberal expansion via wars & danger of WW3

 

-US Presidential Debate Commission Adopts Mic Muting Policy Ahead of October 22 Face-Off.  Since he knows is going to lose T wants to burn elections. The moderator of debate must have authority to appease & pacify the dialog o to benefit the unity of our Nation. And electronic devise to cut the micro to the one insulting our Nation with aggressive interruptions to the contender, must be given to the moderator. It is what all referees do in this type of cases. The referee is the maximum authority in the field and contender must respect this person or stop the game.   Apparently this policy has been adopted: “To avoid another disorderly match-up between the two US presidential hopefuls, the Commission on Presidential Debates (CPD) will now mute the microphone of one candidate in order to allow the other to speak without interruption, it announced on Monday.” Incomplete: what if one contender do not respect this rule?. Will the moderator suspend the debate or abandon the field not to be accomplice on this attack to our nation?  This is not person to person affair: is our nation unity that is at stake. So, the nation must know that this debate can be canceled.

-Russian Embassy Says Hacking Accusations Coming From US Have ‘Nothing to Do With Reality’

-Official Results in Bolivia’s Presidential Election Coming Within 2-3 Days - TSE

-French Senator Prepares Proposal to Recognize Nagorno-Karabakh Republic

-NATO Leaning Toward Germany’s Ramstein Air Base as Location for Allied Space Center  Los neo-nazis US –Germany  van de la mano al WW3. To T this is more  important than US election. Si declara la Guerra a CH-RU se suspenden las Elec.

-US Iran-Related Sanctions on Chinese Entities 'Wrong Approach', Russian Envoy to UN Says

-Trump Trade Advisor Calls US Media, Hollywood Moguls China's ‘Useful Idiots’

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NOTICIAS IN SPANISH:  focus on BOLIVIA and WW3

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

 

REBELION

 

BOL:  Eleccion:  EL MAS : UN TRIUNFO ARROLLADOR  Pablo Jofré

US-Trump:  ESTADOS UNIDOS A LAS ARMAS   William D. Hartung

US Chomsky : «LA RESPONSABILIDAD DE LOS INTELECTUALES»

US: HIPOCRESÍA EN MATERIA DE ARMAS NUCLEARES    Pablo Jofré

ALC: LAS AMÉRICAS ENTRE EL SOCIALISMO Y LA BARBARIE

Bol : El MAS APLASTÓ A LA DICTADURA   Arce 52.4% vs Mesa 31.6%

Bol: ¡QUEREMOS UNA PATRIA PARA TODOS!    J C Pinto

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ALAI NET ORG

 

BOL: Luis Arce, un Chuquiago boy electo presidente  Boris Acosta

BOL: el MAS triunfa ampliamente en las elecciones  Isaac Bigio

BOL: “Lo que se juega son las conquistas de pueblos indígenas”  RB

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RT EN ESPAÑOL

 

Bolivia, la victoria de las convicciones y la lección contra los atajos A Serrano    https://actualidad.rt.com/opinion/alfredo-serrano-mancilla/370409-bolivia-victoria-convicciones-leccion-atajos  No creí que era posible  y me alegra mucho la noticia

Tribunal Supr Elect prevé que toma de posesión  la primera quincena de noviembre  https://actualidad.rt.com/actualidad/370414-tribunal-electoral-bolivia-ofrecer-balance-comicios

Patricia Arce, alcaldesa atacada brutalmente 2019, resultó electa como senadora  https://actualidad.rt.com/actualidad/370397-patricia-arce-elegida-senadora-bolivia

US. felicita a Arce por los resultados preliminares que le dan la victoria en Bolivia https://actualidad.rt.com/actualidad/370413-estados-unidos-felicitar-arce-resultados-bolivia

Silenciarán por momentos a Trump y Biden en el próximo debate presiden en US  https://actualidad.rt.com/video/370424-silenciaran-momentos-trump-biden-durante-proximo-debate  La nación esta muy dividida para aceptar el asco del matón Tramp

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INFORMATION CLEARING HOUSE

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

 

The U.S. Did Not Defeat Fascism in WWII, It Discretely Internationalized It  By G R

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