Nueva Democracia: 0CT 28 20 ND SIT EC y POL

0CT 28 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

LOCKDOWN LOQUACIOUSNESS LAUNCHES LICENTIOUS LIQUIDATIONS

It seems all the talk about lockdowns has finally triggered more than a few snowflakes as today's price action had the feel of widespread liquidation with stocks, bonds, commodities, and crypto all being dumped as safe-haven flows sent the dollar soaring...

Statistically, today is the best day of the year for the S&P 500 (which is somewhat offset by the fact that historically, tomorrow is the date when the Great Depression started in 1929), but today was ugly with all the major US equity indices down 3-4% (Nasdaq was the laggard, worst day since Sept 8th - Nasdaq down 9 of last 12 days)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-28_13-00-02.jpg?itok=N7kR2qzf

Stoxx 600 fell to its lowest since May, plunging over 3% today. Merkel's decision to reinstate lockdowns sparked the worst day for DAX since March...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm7C51_0.jpg?itok=BN2ByYFu

Today's plunge erased all of October's gains for the S&P, Dow, and Nasdaq (Small Caps remain green)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-28_12-19-07.jpg?itok=Dju_waOt

The Dow is back at early August lows, crashing almost 1000 points today...Double-Top Much?

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-28_13-00-16.jpg?itok=rR0tlq9H

So what happens next?

See Chart:

S&P 500

https://www.zerohedge.com/s3/files/inline-images/bfm9005.jpg?itok=iD71jFN_

Bonds are signaling the same...

See Chart:

Nasdaq vs 10Y Yield

https://www.zerohedge.com/s3/files/inline-images/bfmF975.jpg?itok=IRAH5GAk

All the major US equity indices broke below key technical levels (50-day moving-average) and the S&P broke below its 100DMA

See Charts:

https://www.zerohedge.com/s3/files/inline-images/2020-10-28_12-12-11.jpg?itok=fcfpmFsQ

The opening puke was on the back of the 4th biggest sell-program this year...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmAEC3_0.jpg?itok=eCiEqn3U

FANG stocks slumped today...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm6D7A.jpg?itok=e-6AV25n

VIX and stocks remain notably decoupled...

See Chart:

S&P vs VIX

https://www.zerohedge.com/s3/files/inline-images/bfm3347.jpg?itok=uHeZRRQe

The VIX term structure surged even more into backwardation after its brief contango around the election...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm31C6.jpg?itok=JNwV3FtE

Implied Correlation surged once again, flashing a very red flag that traders are preparing for an imminent systemic event...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmA1F4.jpg?itok=rF-Qdsbw

Today was 'different' as from the open of the cash equity market, bonds and stocks were both sold...

See Chart:

UST 10Y Yield vs Nasdaq

https://www.zerohedge.com/s3/files/inline-images/bfmA58B.jpg?itok=OndI2iVf

Which reflexively sparked ugliness in risk-parity-land...

See Chart:

Risk Parity Fund (RPAR)

https://www.zerohedge.com/s3/files/inline-images/bfm9020.jpg?itok=yZkjVGsA

Bonds & Stocks combined had their worst day since June today...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm76DE.jpg?itok=Ve-5l67q

Yields were all marginally higher on the day (despite the equity weakness) with the long-end marginally worse than the short-end...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm318.jpg?itok=_CwfAx_b

UST 10Y Yield bounced of 75bps at the US equity cash open...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmAE39.jpg?itok=mcf7vsgG

And all this liquidation sent the USDollar higher...

See Chart:

Bloomberg Dollar Index

https://www.zerohedge.com/s3/files/inline-images/bfmD7FD.jpg?itok=nm506-o-

The dollar gains (and liquidations) sent commodities reeling with oil crashing (not helped by inventory and demand fears), pushing WTI below $40 (actually briefly trading with a $36 handle)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-10-28_12-09-25.jpg?itok=Z1f53XD7

Gold clubbed like a baby seal back below $1900.

And silver slammed back under $24

And finally, the odds of a 'blue-wave' continue to slide...

See Chart:

US Predict 2020 Senate Party Control Democratic & Control REPS 11.OO

https://www.zerohedge.com/s3/files/inline-images/bfm1209.jpg?itok=KX-tlahW

And the "PCR casedemic" continues to rage but the "deaths"... not so much!

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmC5E9.jpg?itok=h0VlvBfu

Probably nothing...

See Chart:

S&P Now vs 1987

https://www.zerohedge.com/s3/files/inline-images/bfmED18.jpg?itok=GiFWZhq-

….

SOURCE: https://www.zerohedge.com/markets/lockdown-loquaciousness-launches-licentious-liquidations

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RECORD LARGE 5Y AUCTION SEES SOLID DEMAND AS STOCKS PLUNGE

The recent trend remains in line - ever bigger auctions (the $55BN auction size was more than 50% higher than the auction sizes for much of the past decade), at ever lower yields, all of which has been made possible by the Fed.

See Chart:

5 Years Treasury Auction History

https://www.zerohedge.com/s3/files/inline-images/5Y%20Oct%202020.jpg?itok=8Enjpta7

….

SOURCE: https://www.zerohedge.com/markets/record-large-5y-auction-sees-solid-demand-stocks-plunge

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VIX, VVIX EXPLODE HIGHER AS "FOLKS ARE GRABBING AT TAILS AGAIN"

...the "Large Lot" sellers are back...

McElligott warns, making matters worse for the 60/40 and Risk Parity set is that USTs aren’t hedging on the risk-off move and actually SELLING-OFF...

See Chart:

UST 10Y Yield vs NasdaQ

https://www.zerohedge.com/s3/files/inline-images/bfm374C_0.jpg?itok=mWqw89t9

...as the missing overseas “real money” buyers wait for event-risk to clear before backing up the truck into duration buying (esp with fx-adjusted yields at or near 5 year bests, and a Fed who won’t be able to risk tighter financial conditions into the super fragile pandemic recovery—just as Europe is re-entering “lockdown”—thus likely to “up” QE purchases amounts and / or extend the weighted avg maturity of the asset portfolio through duration purchases).

Perhaps most notably, the "Large Lot" sellers are back...

See Chart:

ES Imbalance for lot sizes: (0-20) as of 10:55am

https://www.zerohedge.com/s3/files/inline-images/image007%20%283%29.jpg?itok=qnpzCi7l

….

SOURCE: https://www.zerohedge.com/markets/vix-vvix-explode-higher-folks-are-grabbing-tails-again

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FLYING BLIND: CLUELESS ABOUT RISK, WE'RE SPEEDING TOWARD SYSTEMIC FAILURE

For all these reasons, the risks of systemic collapse are much higher than commonly anticipated.

Authored by Charles Hugh Smith via OfTwoMinds blog,

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US DOMESTIC POLITICS

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

WALL STREET BANKS, AND THEIR EMPLOYEES, NOW OFFICIALLY LEAN DEMOCRAT

The shift in data shows that while Wall Street's top brass may still understand the value of Republican leadership, bank employees themselves may overwhelmingly favor progressives...

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PHILLY IMPOSES WEDNESDAY NIGHT CURFEW TO TRY AND PREVENT 3RD NIGHT OF CHAOS

The White House has responded to the chaos with offers of federal assistance

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NYT EDITOR ADMITS PENNSYLVANIA RACE MAY BE MUCH CLOSER THAN IT SEEMS

"I do think that Trump supporters are more competitive"

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TEXAS BALLOT CHASER REVEALS 'MASSIVE' VOTER FRAUD TO ELECT BIDEN

"For the entire team I’m looking at…$55,000"

HOW LONG WILL IT TAKE TO COUNT ALL THE VOTES?

In some states we will have final results almost immediately, but in other states counting could take quite a few weeks...

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NY GOV. CUOMO REAPED $6.2 MILLION IN CAMPAIGN CASH FROM 347 STATE VENDORS WHO POCKETED $7 BILLION SINCE 2014

While New York congresswoman Alexandria Ocasio-Cortez and national progressives decry corporate money in politics, Governor Andrew Cuomo has embraced the highly unethical practice of soliciting campaign cash from state contractors.

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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

US COMMANDER PROVOKES CHINA: TROOPS CAN BE SENT TO DEFEND JAPAN'S SENKAKU ISLANDS

US General kicked off major US-Japan joint naval exercises by declaring regional assets "can and could be used to deliver combat troops to defend the Senkakus."

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SATELLITE IMAGES SHOW IRAN REBUILDING NATANZ NUCLEAR CENTRIFUGE SITE AFTER SABOTAGE

Rapid construction observed just ahead of US election on a secretive underground advanced centrifuge assembly facility...

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SPUTNIK and RT SHOWS

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

-Biden-Harris Campaign Sign in Iowa Defaced with fingers Swastika

-US Supreme Court Rejects Trump Bid to Block North Carolina Mail-in Ballot Deadline Extension

-Ayanna Pressley To Attend New Hampshire Events, Becomes First 'Squad' Member to Campaign for Biden

-Wash-DC, Protests Persist Outside Police Station After Man's Death on Scooter

-Apple Building Search Engine to Rival Google Amid US Antitrust Probes - Reports

-US 2020 Election to Cost Record $14Bln, 2-Times More Than in 2016