Nueva Democracia: NOV 4 20 ND SIT EC y POL

NOV 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

INCONCEIVABLE!

STOCKS & BONDS SURGE TO RECORD POST-ELECTION GAIN

While uncertainty reigns over who will reside in The White House for the next four years, one thing was definitively decided last night, the 'blue-wave' crashed and burned...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm6B08.jpg?itok=7bkodScS

Which for many "pollsters" and "experts" was inconceivable a week ago..

And in response, assuming a Biden win and deflationary impulse, stocks and bonds were panic-bid (Nasdaq up a stunning 5% and TSY yields down a shocking 10-15bps)...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmEC46.jpg?itok=w98hk8rS

Which is the biggest post-election-day rally for the S&P in history...

See Chart:

Post-election day S&P500 performnce

https://www.zerohedge.com/s3/files/inline-images/2020-11-04_10-07-00.jpg?itok=1SQ5JXT6

Nasdaq was today's biggest winner however as growth mega-tech was aggressively, and value-heavy Small Caps lagged notably...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-04_12-59-30.jpg?itok=2QMljzla

The Dow managed to bounce off its 200DMA all the way back above its 50DMA, but this afternoon's weakness was it battle to keep that...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-04_12-52-45.jpg?itok=cfqxPbG2

Bank stocks were battered (especially regional banks) as rates collapsed...

See Chart:

S&P Banks sector

https://www.zerohedge.com/s3/files/inline-images/bfm7CE0.jpg?itok=f3Eu8HI-

Growth stocks soared relative to value today...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm7656.jpg?itok=BYljb3XM

In fact it was the worst day for value relative to growth since 2001...

See Chart:

Russell Value / Growth

https://www.zerohedge.com/s3/files/inline-images/bfm407E.jpg?itok=N_p5Xd86

VIX crashed from over 41 to below 30...

See Chart:

Bond + stock dayly performance

https://www.zerohedge.com/s3/files/inline-images/bfm82DE_0.jpg?itok=tcJc6MRY

Bonds were also well bid today with yields collapsing at the long-end...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfmA246.jpg?itok=VHSb_WXC

30Y yields fell over 25bps from their overnight highs!!

See Chart:

UST 30y Yield

https://www.zerohedge.com/s3/files/inline-images/bfm578E_0.jpg?itok=GDFAiAir

This was the best day for a combined bond/stock book since early April...

See Chart:

Bonds and Stocks Daily performance

https://www.zerohedge.com/s3/files/inline-images/bfm82DE.jpg?itok=js17f0c1

The B-Dollar's index moves were extreme to say the least...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm1BF9.jpg?itok=NYpS_iJ8

The offshore yuan was even more extreme, crashing when Trump's odds picked up and then exploding higher as Biden's odds recovered..

See Chart:

Offshore Yuan

https://www.zerohedge.com/s3/files/inline-images/bfm53A5.jpg?itok=LSwDWBbg

Gold futures scrambled back above $1900 after a volatile 12 hours

WTI managed to surge back up to $39...

Finally, systemic risk is starting to be lifted as implied correlation drops...

See Chart:

Systemic risk proxi

https://www.zerohedge.com/s3/files/inline-images/bfm230D.jpg?itok=uey_4t19

SOURCE: https://www.zerohedge.com/markets/stocks-bonds-surge-record-post-election-gain

----

GOLDMAN WARNS "FRENZIED" SPAC BUBBLE MAY BE ENDING

"There has been a very meaningful uptick in SPAC issuance and we expect the market to be more selective going forward."

One of the remarkable stories of 2020, one which has sparked many comparisons to 2007 just before the credit/housing bubble popped, has been the record surge of blank-check, or SPAC, issuance where investors - at a loss what to invest in - hand their money to a marquee investor who promises to find an appropriate investment over a given period of time or refund the money. To quantify the SPAC bubble, a record $61 billion has been raised in initial public offerings by blank-check firms in the first 10 months of the year.

See Chart:

Peak SPAC

https://www.zerohedge.com/s3/files/inline-images/peak%20spac.jpg?itok=6j9weqPS

But a far more tangible reason why the SPAC froth is likely peaking is also the simplest one: SPACs are no longer a get rich quick scheme, with 60% of October’s listings are trading below their offer price, the data show. The recently launched SPAC ETF whose ticker is appropriately SPAK, peaked one day after its break for trading, before slumping nearly 15% in following weeks.

See Chart:

SPAC ETF

https://www.zerohedge.com/s3/files/inline-images/SPAK%20ETF%202.jpg?itok=cS6wkwaL

And now that just buying a SPAC is no longer guaranteed to generate a quick profit, investors are starting to get cold feet.

"Some investors have said they will be much more selective around SPACs for the remainder of this year, but I believe they’ll continue to underwrite SPACs led by high quality and differentiated management teams," McNerney said.

….

SOURCE: https://www.zerohedge.com/markets/goldman-warns-frenzied-spac-bubble-may-be-ending

----

"MEETING IN A STORM": FOMC PREVIEW

By Philip Marey of Rabobank

...will the Fed be forced to provide additional monetary policy accommodation. However, the Fed has little ammunition left...

You're fired!

The FOMC meeting on November 4-5 will take place in a volatile environment, just after Election Day, while the country is dealing with another resurgence of Covid-19. What’s more, we are still waiting for an extension of the fiscal stimulus.
The election outcome could determine whether the Fed will have to provide more monetary policy accommodation to offset any shortfall in fiscal policy support to the economic recovery.
For Fed Chairman Powell there is more at stake than fiscal stimulus in this election week. After all, his first term as Chair expires on 5 February 2022.

READ THESE SUBTITLES & DECIDE IF YOU OPEN IT OR NOT

Meeting in a storm

Fiscal policy dependencies

Yield curve control

Asset purchases

Another one term Chair?

….

SOURCE: https://www.zerohedge.com/markets/meeting-storm-fomc-preview

----

HERE'S WHY BOTH BONDS & STOCKS ARE BID

...a lot of this sticky vol from over-hedging “crash” event risk could thenmechanically “slingshot” Equities higher into the year end, particularly as tail-risk passes and hedges are then unwound

US equity and bond markets are at face-value in disagreement over how 'great' whatever headline you choose to consider descriptive of the current state of play with the election.

Stocks are soaring, led by growthy mega-tech names

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-11-04_8-59-21.jpg?itok=14KQ6Mnh

A record short by a long way...

See Chart:

UST Long Bond Futs & Opts Spec posiioning

https://www.zerohedge.com/s3/files/inline-images/bfmF10B.jpg?itok=6b_1PpgM

SEE MORE CHARTS AT:

SOURCE: https://www.zerohedge.com/markets/heres-why-both-bonds-stocks-are-bid

----

US DOMESTIC POLITICS

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

US SETS NEW RECORD BY REPORTING 100K COVID-19 CASES IN A DAY: LIVE UPDATES

Once again, the number of new cases reported globally declined...

====

"THOSE WHO VOTE DECIDE NOTHING. THOSE WHO COUNT THE VOTE DECIDE EVERYTHING..."

"I hope [Trump] has his lawyers ready to fight.

He can’t let them steal this election"

====

MICHIGAN 'BALLOT DUMP' NEVER HAPPENED ACCORDING TO DATA PROVIDER, BLAMES 'CLERICAL ERROR'

"Once we identified the error, we cleared the erroneous data and updated it with the correct data as provided by officials."

====

MICHIGAN USPS WHISTLEBLOWER CLAIMS LATE BALLOTS RECEIVED BACKDATED POSTMARKS

"We’re not supposed to be counting ballots that are postmarked after the third of November..."

….

1. Mail-votos takes more time to arrive. 2. All votes must be counted

====

AN HONEST MANIFESTO FOR WINNING ELECTIONS

"...please don’t believe the fake promises of the other candidate... I promise to do my best to manage the coming disorderly collapse of the USA to the best of my ability..."

====

Are they getting ready for WW3?

COMPANIES JOIN EXODUS TO SUBURBS AS CITIES TRANSFORM INTO "GHOST TOWNS"

"A strong pick-up in demand" for suburban office space versus major cities has been observed.

====

MIDWESTERN STATES THRIVE WITH FEWER VIRUS RULES AS SECOND WAVE ARRIVES

"The kinds of things that we're strong in are agriculture, manufacturing"

====

COVID TESTING: WE'VE BEEN DUPED

...the severity of the infection is never quantified, which essentially amounts to a false positive. Their level of contagion is essentially nil...

====

RON PAUL: THERE'S NO VACCINE FOR TYRANNY

Liberty lost in the “war on covid” will not be voluntarily returned when the coronavirus threat ends - assuming the government ever stop moving the goal posts and declares the coronavirus threat is over...

====

MIKE BLOOMBERG BLEW $100 MILLION IN FLORIDA, OHIO AND TEXAS

"There were even discussions that some Democratic leaders were going to try to convince Biden to offer Bloomberg a Cabinet post."

====

PAUL CRAIG ROBERTS: DOES AMERICA HAVE A FUTURE?

There are no “Trump white supremacists” rioting in the streets, looting and burning businesses, and conducting a Kristallnacht against Democrats...

====

OUR IMPERIAL PRESIDENCY

Authored by Charles Hugh Smith OfTwoMinds blog,

As for the bottom 99%: suck it up, debt-serfs and tax donkeys: yours is not to reason why, yours is to do and die...

====

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

DOLLAR-BASED BUSINESSES "FLOURISH" IN VENEZUELA WHILE THE COUNTRY STARVES

Venezuela has seen nothing short of a full collapse of its economy. Now, the path forward for socialist leader Nicolas Maduro seems to have turned to dollarization...

====

A BIDEN ADMINISTRATION WOULD KEEP US FORCES IN SYRIA TO 'COUNTER RUSSIA'

Senior Biden advisor reportedly met with a group of Syrians to go over what his policies would look like there...

====

SPUTNIK and RT SHOWS

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

- US Election Live Updates: Joe Biden Nears 270 Electoral After Winning Michigan, AP Call Suggests

- US Presidential Campaign Marked by Tremendous Amount of Censorship,

- Netizens Irate Over #SharpieGate as Officials Quash Speculation Trump Votes Deliberately Invalidated

- Riot Declared in Portland, Oregon as Governor Activates National Guard Amid Election Uncertainty

- Hurricane Eta Raging in Central America Reportedy Leaves 7 People Killed

- Protesters Rally in Portland as Post-Election Vote Counting Continues - Video