0CT 4 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
NASDAQ SHORTS COLLAPSE BY 40% FROM 2ND HIGHEST EVER AFTER SOFTBANK-INSPIRED SQUEEZE
The fact that a whopping 40% of NQ short were covered and the Nasdaq barely rose, likely means that any future attempts by Soft banks to spark a gamma or futures squeeze could have very painful consequences for Masa Son
Last weekend, we pointed out following the recent modest correction in the Nasdaq, institutional traders had gone full bear - at least in NQ futures - pushing the net non-commercial contracts to the second shortest position ever, which prompted both us and others to caution that a short squeeze in NQ futs was imminent.
A few days later, that's precisely what happened because according to the latest CFTC Commitment of Traders report, the Nasdaq 100 mini net spec short position in the week ending Sept 29 indeed collapsed by almost 40%, as the net future position shrank from -134.3K to -79.6K.
SEE CHART
Nasdaq 100 mini non-commercial Net specs
https://www.zerohedge.com/s3/files/inline-images/nasdq%20net%20specs.jpg?itok=flg-bLVV
While the Nasdaq indeed rose modestly last week (vs the Sept 25 Friday close), the fact that a whopping 40% of NQ short were covered and the Nasdaq barely rose, likely means that any future attempts by Softbanks to spark a gamma or futures squeeze could have very painful consequences for Masa Son... and potentially all those who furiously keep buying tech stocks and QQQs (and even the 3x levered TQQQ) after every dip.
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"There could be a real risk of some principal loss at the BBB- level, which most of these interest-only tranches are ‘stripped’ off of."
Back in May, when the Fed was struggling to rekindle animal spirits and force investors into every possible toxic debt instrument it could find, we explainedhow through the magic of modern monetary alchemy, a portfolio consisting of 96% Junk Loans had been converted into 87% investment grade bonds.
SEE CHART:
https://www.zerohedge.com/s3/files/inline-images/CLO%20summary_2.jpg?itok=q621jpkG
The magic catalyst in question: CLOs, which are structured credit products that take a portfolio of mostly junk loans - which are used to fund much of corporate America - and repackage them in such a way that the resulting product looks and feels much higher in credit quality, even though it consists of the exact same junky underlying securities, just presented in a different way.
See Chart:
How collateralised loan obligation work
https://www.zerohedge.com/s3/files/inline-images/How%20CLO%20Works_0_0.jpg?itok=yXSgMXHv
Just how bad is the CRE market? Consider that according to Trepp, around 9% of all commercial mortgages that have been bundled into bonds were delinquent in August, as Covid-19 keeps shoppers out of malls, travelers away from hotels and workers home from offices. The real number is far higher, and only the fact that $20 billion in CMBS forbearances have been granted is preventing this chart from exploding.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/trepp%20cmbs.jpg?itok=HegRWm_d
Jason Callan, head of structured assets at Columbia Threadneedle Investments said "I’m sure the ratings are what’s driving the demand." He is right, although it's worth remembering that rating agencies rated hundreds of similar CDOs AAA in the summer of 2007, only to see them completely wiped out less than a year later.
"This is a CDO," said Jen Ripper, an investment specialist at Penn Mutual Asset Management. "There could be a real risk of some principal loss at the BBB- level, which most of these interest-only tranches are ‘stripped’ off of."
READ MORE AT:
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MORGAN STANLEY: THE 2020 MARKET CYCLE IS ACTUALLY... NORMAL
... even with the most extreme decline in data on record and a global pandemic,markets mostly led the data by the ‘normal’ interval.
CHECK THIS NOMALITY in a block with 6 graphics
See Graphics
https://www.zerohedge.com/s3/files/inline-images/MS%20performance%20checklists.jpg?itok=8jNSVk1w
Assuming a data ‘low’ in April, the prior five recessions would have suggested the following months for bottoms in the S&P 500, US high yield, US 10-year yields and the 2s10s curve:
March 2020, March 2020, April 2020 and August 2019.
And when were the actual lows?
March 2020, March 2020, August 2020 and August 2019.
In other words, even with the most extreme decline in data on record and a global pandemic, markets mostly led the data by the ‘normal’ interval.
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NICE DYSTOPIA
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SOURCE: https://www.zerohedge.com/markets/morgan-stanley-2020-market-cycle-actually-normal
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US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
They’re going to create special Hospital for Trump in the Moon
MILITARY BASES ON THE MOON: US PLANS TO WEAPONIZE THE EARTH'S SATELLITE
"A secure, stable, and accessible space domain underpins our nation’s security, prosperity and scientific achievement..."
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Bye Bye Trump.. you deserve this heaven
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BIDEN & TRUMP NEXUS WITH WHITE SUPREMACY
Hugo Adan
10.4.2020
1-
JOE BIDEN WITH WHITE SUPREMACIST:
DHS GRANTS MILLIONS TO GROUPS FIGHTING 'RIGHT-WING EXTREMISM'
Department of Homeland Security DHS has agreed to provide $10 million in grants to organizations which combat 'far-right extremism and white supremacy,'according to the Wall Street Journal.
Are they burning down US cities too?
According to a DHS spokesman, the funding is targeted at preventing "violent white supremacy alongside a number of recognized and emergent forms of terrorism and targeted violence." [ They did just the opposite: finance them ]
There is a recent picture of Joe Biden shaking had with the mentor of white supremacist and mentor Senator Robert Byrd : https://www.zerohedge.com/s3/files/inline-images/biden%20byrd.jpg?itok=hZpMqsuq
2-
SO: NOT ONLY BIDEN BUT ALSO TRUMP are INVOLVED in this nasty affair.
SCARBOROUGH SAYS TRUMP DONORS ARE FINANCING WHITE ... - THE HILL
Aug 5, 2019 - MNSBC host Joe Scarborough said Monday that President Trump's reelection campaign donors are funding white supremacy .
TRUMP HAS CUT GOVERNMENT RESOURCES TO FIGHT WHITE SUPREMACY ...
https://www.businessinsider.com/trump-cut-resources-fight-white-supremacy-domestic-terrorism-2019-8
Aug 6, 2019 - While President Donald Trump pledged to give federal law enforcement "whatever they need" to fight domestic terrorism, his government has ...
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I can make 2 pag list on Trump game with terrorist ‘white racism’. IN SHORT: You should NO vote neither TRUMP nor BIDEN : 2 legs of the same monster
VOTE ABSTENTION & then we will implement REFERENDUMS TO DEPOSE them.
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Trump lie again: Past Wed he detected the virus & on Thur on made it public
"DON'T TELL ANYONE" - TRUMP DIDN'T DISCLOSE INITIAL POSITIVE COVID-19 TEST RESULTS: REPORT
"I’ll get my test back either tonight or tomorrow morning..."
HE DON’T TRUST AMERICANS AND WE DON’T HIM IN POLITICS
Bur regarding his personal health, we hope his soon recovery
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What stupid imaginat: What CH has to do with the PENTA-LABS that create COVID 19?
GIULIANI: I HOLD CHINA RESPONSIBLE FOR WHAT HAPPENED TO TRUMP
"The country that attacked us, China. And they attacked us with this, believe me... I hold them responsible for what happened to my president"
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That story-tell will make weak to TRUMP & sent him to moon sooner. Just remember: the advisor who infected Trump was the contact with Penta: d-root
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SAY GOODBYE TO MILLIONS OF JOBS AS EVENTS UNFOLD
Many jobs will not be coming back after the covid-19 crisis ends.
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DOES IT MATTER TO MARKETS WHO WINS THE ELECTION?
Everything was working according to plan this week, until Friday morning. As news hit that President Trump and the First Lady contracted COVID-19, so did the market at the open with Dow down roughly 450 points.
Authored by Lance Roberts via RealInvestmentAdvice.com,
“The Selloff Is Overdone,” noted the decline was orderly and not one of a “panic” induced rout.
“While the sell-off in the market has gotten overdone short-term, we still suggest using rallies back to the 50-dma to rebalance portfolio risks. If the market can break above resistance on Monday, clear the 50- and 20-dma’s, then old highs should not be an issue.“
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-Chart3-100220.png?itok=aDkzh0BZ
As shown below, the market did only “some” of the hard work by holding the previous resistance level, making it support, breaking out of the downtrend, but failing to clear the 50-dma. Such is an improvement from our last analysis but keeps downside risk elevated going into next week.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-Chart2-100220.png?itok=v9CITihr
Such suggests that we could see some additional buying next week. However, again, with the failure at the 50-dma, such means continuing to use rallies to rebalance risks accordingly.
Does It Matter Who Wins The Election?
It didn’t.
However, the reality is that while Presidential candidates make lots of claims on the campaign trail, it is Wall Street that ultimately dictates the eventual outcomes.
I am not cynical. It is just how the Government works.
Time is always kind to the market. It is still the quick, unexpected, exogenous events, like shutting down the economy, that markets do not take kindly too.
Data shows how stock market performance leading up to an election has been an indicator of the outcome. The performance of the S&P 500 in the three months before an election has predicted 87% of elections since 1928 and 100% since 1984. When returns were positive, the incumbent party wins. If the index suffered losses in the three-month window, the incumbent loses.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/SP500-Performance-3-months.png?itok=RKbY_p9z
For now, the market is favoring a Trump win.
However, 1-year after the election, returns were positive regardless of who won or lost. In other words, the market ultimately doesn’t care who is in office. Finally, markets only care if the economic backdrop is strong enough to support earnings growth and valuation expansion.
See Chart:
The S&P500 has been a great indicator ol Presid election 3 Months out
https://www.zerohedge.com/s3/files/inline-images/960x0%20%285%29_0.jpg?itok=078DF39Q
However, it is worth noting that while returns are positive regardless of who is elected, it should be of no surprise the markets performed better during a year when voters re-elect the incumbent. The market hates uncertainty. In this case, Biden presents many unknowns: the potential for increased regulations, higher taxes, and other shifts the market perceives as anti-business.
See Chart:
Presidential Elections year throughout history
https://www.zerohedge.com/s3/files/inline-images/960x0-1.jpg?itok=QP649UZZ
But A Biden Win Could Be Positive Too
A Biden win and Democratic sweep of Congress would hasten the imperative and passage of a massive fiscal stimulus program.
Without another “fiscal relief” bill, there isn’t enough debt issuance to support another round of interventions by the Fed.
MORE #fiscal stimulus is needed if the #stock #market rally is going to persist. The #Fed is limited without more #bonds to monetize.
See Chart: Tweet
Of course, more debt is also a problem, but that is the story we discussed in our MacroView yesterday.
Projected debt in 2050 is nearly five times higher than the 50-year average of 42 percent of gdp. it will be on track to double the previous record of 106 set just after world war ii. in dollar terms, debt will rise from nearly $21 trillion today to $121 trillion by 2050.” – cfrb
See Chart:
Actual debt levels could grow significantly faster than CBO forecasts. Under our alternative scenario, debt would reach 246 percent of GDP in 2050.
Even under current law, high and rising debt represents a large fiscal gap. For example, CBO estimates policymakers would need to enact 3.6 percent of GDP in spending cuts and tax increases starting in 2025. Such actions could restore the debt to 2019 levels by 2050. That’s the equivalent of cutting all spending by one-sixth or increasing all revenue by one-fifth.” – CFRB
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SOURCE: https://www.zerohedge.com/markets/does-it-matter-markets-who-wins-election
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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
IF WW3 comes up.. all countries with nuke-missiles ..may want to send a gift to US
WITH WHITE HOUSE IN "VULNERABLE" STATE, NORTH KOREA SEEN MOVING 'LARGEST' ICMB TO DATE
“The missile is larger than the one they fired in 2017...” a Seoul official said.
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Thank you, but we don’t need your gifts.. unless is Christmas : will you accept our gifts?.. BUT what about the huge amount of innocent people sacrificed?
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ECB TRADEMARKS "DIGITAL EURO" AS IT BEGINS EXPERIMENTS ON DIGITAL CURRENCY LAUNCH
"The ECB could support the Euro systems objectives by providing citizens with a safe form of money in the fast-changing digital world"
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SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
- Rendezvous and Capture of Cygnus Resupply Spacecraft With ISS Robotic Arm - Vid
- COVID-19 Study in India Dispels Notion of Limited Risk of Infection to Children
- Congress Party Politician Ridicules Indian Finance Ministry for 'Taking Over' Health Ministry
- Los Angeles Mayor Calls on Turkey to Disengage From Nagorno-Karabakh Conflict
- US Will Be Able to Control Cruise Missile Command Systems as India Gears up to Sign BECA
- IRAQ: Two Katyusha Rockets Fall Near Baghdad's Green Zone
- Israel 'Prepping for Escalation' With Gaza as Hamas and Netanyahu Busy Handling COVID-19
- Sweden Says COVID-19 Restrictions Will Remain for 'At Least a Year'
- Norwegian Oil Strike Escalates as Wage Talks Reach Deadlock
- How Russia's Five-Year Long Involvement in Syria War Changed Balance of Power in Mid East & Beyond
- Russia to Conduct Observation Flight Over Denmark This Week, Military Says
- Erdogan Holds Talks With Head of Libya's Government of National Accord
- Maduro Wishes Trump Recovery From Coronavirus Despite Bad Relations
- Walter Reed Attending Physician Slams Trump's Appearance Before Supporters
- Maduro Says Will Get Russia's Sputnik V Coronavirus Vaccine
- Biden Campaign Hopes Trump Will Participate in Second Debate, But Biden Will Surely Be There
- Trump Failed to Disclose Early Positive Result From Rapid Coronavirus Test
- Senate Minority Leader Schumer Urges Delay of Supreme Court Hearing Over COVID-19 Outbreak Among GOP
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