NOV 5 20 ND SIT EC y POL
ND denounce Global-neoliberal debacle y propone State-Social + Capit-compet in Eco
TOWARD SOEs : STATE OWNED ENTERPREISES starting in HEALTH SYSTEM
TO STOP THE COLLAPSE OF US ECONOMY: the EVIL HERITAGE from Trump
….
ZERO HEDGE ECONOMICS
Neoliberal globalization is over. Financiers know it, they documented with graphics
T nos deja la debacle Econ (QEs-Bailouts +big debt) that can’t stop & won’t stop easily
Here more notes on US Econ-debacle & rememb ‘hope’ is not strategy. Socialism is Str
QE HOPE SPARKS BIG-TECH, BITCOIN, & BULLION BID; BUT 'SMART' MONEY IS DUMPING
If everything is so awesome in a new-but-same-as-the-old gridlock'd Washington (according to stocks), why is the smart money running out of the market?
See Chart:
Dow vs. SMART money flow
https://www.zerohedge.com/s3/files/inline-images/bfm9119.jpg?itok=z8tjosuV
We have seen this pattern before and it did not end well...
See Chart:
SMART money flow vs Dow (2)
https://www.zerohedge.com/s3/files/inline-images/bfmCF76_0.jpg?itok=SP93lgL0
The bottom line for the last day or two is that Fed QE will be the heroic replacement for a blue-wave tsunami of stimulus, and that is why everything was higher in price while the dollar dived...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfmE58A.jpg?itok=Um9U_aed
We can't help but feel like this won't end well
Nasdaq continues to lead the way (up 7% since the election) and Small Caps lagging ('only' up 3%)...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-05_12-59-50.jpg?itok=N3X0dpd0
As Growth stocks are panic-bid at the open once again...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm3181.jpg?itok=UvcDPTWA
This has been the strongest 3-day rally for FANMAG stocks ever (FB, AMZN, NFLX, MSFT, AAPL, & GOOG), up close to 10%...
See Chart:
FANMAG Stocks 3-days change
https://www.zerohedge.com/s3/files/inline-images/bfm58E4.jpg?itok=B7hKMeNT
Treasury yields were basically unchanged on the day, but rollercoaster'd back higher after bond buying over-night...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm6C89.jpg?itok=Jazui5T9
UST 10Y Yields bounced off their 50-DMA...
See Chart:
UST 10 Y Yield vs. 200 DMA and 50 DMA
https://www.zerohedge.com/s3/files/inline-images/bfmE23E_0.jpg?itok=gxhCWjEd
The US Dollar was dumped for the second day...
See Chart
Bloomberg Dollar Index (BDI)
https://www.zerohedge.com/s3/files/inline-images/bfm9004.jpg?itok=uadQApI7
BDI ...to its lowest since May 2018...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm578B.jpg?itok=cpZ2vpmO
Offshore Yuan is soaring higher after Biden became the favorite to win the election...
See Chart
Offshore Yuan vs Trump favorite & Biden favorite
https://www.zerohedge.com/markets/qe-hope-sparks-big-tech-bitcoin-bullion-bid-smart-money-dumping
[They need US and we need them. Only a macro-deal (type FDR) will solve our Prob]
As the dollar dived, cryptos gained, with Bitcoin back above $15000 for the first time since Jan 2018... Cryptos will save speculators to evade taxes. FDR expropriate them
See Chart:
Bitcoin
https://www.zerohedge.com/s3/files/inline-images/bfm462D.jpg?itok=D6ll3uR4
Gold and Bitcoin are tracking the resurgence in global negative-yielding debt volumes...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/bfm6E0C.jpg?itok=Um0eJZxX
A weaker dollar also pumped gold higher, with futs back above $1950...
See Chart:
https://www.zerohedge.com/s3/files/inline-images/2020-11-05_12-24-15.jpg?itok=4IxGMks6
Silver soared back above $25
Oil prices fell modestly after WTI tagged $39
And finally, while the 'SOFT' SURVEY DATA suggests everything is awesome, 'hard' data is starting to deteriorate rapidly...
See Chart:
‘Soft’ survey data vs. ‘hard’ Econ data
https://www.zerohedge.com/s3/files/inline-images/bfm56C0_0.jpg?itok=jaIIi8Y0
Hope - remember - is not a strategy! Socialism is –SOEs like China- start in health Syst
----
----
UBER SLIDES AFTER TOP-LINE MISSES ON CONTINUED MOBILITY WEAKNESS
Even with a gross bookings run-rate of over $30 billion, Uber remains unprofitable in its Delivery segment. Meanwhile, the company has has burned almost $10 billion in the past 4 years.
Having soared earlier this week on the back of California's passage of Prop 22, which saw California residents side with Uber and agreed to make drivers independent contractors, it was time to give back some of the gains, when moments ago the company reported Q3 earnings which while generally coming in line were a bit weak on the top line, driven by continued weakness in the company's mobility business even as delivery came in stronger than expected again
Considering that the company has never had a profitable quarter - and has burned $9.3BN since the start of 2017 - we are just a little skeptical.
See Chart:
Uber Revenue and EBITDA ($MM)
https://www.zerohedge.com/s3/files/inline-images/uber%20ebitda%20q3%202020.jpg?itok=CIFwVTbL
The stock dropped in kneejerk reaction following the modest topline miss, but has since regain much of the intraday loss.
See Chart:
UBER
https://www.zerohedge.com/s3/files/inline-images/UBER%202020-11-05_16-29-16.jpg?itok=abUmgr3R
….
SOURCE: https://www.zerohedge.com/markets/uber-slides-after-top-line-misses-continued-mobility-weakness
----
----
THIS IS THE TEXTBOOK DEFINITION OF "LATE CYCLE" IN THE STOCK MARKET
Authored by Jesse Felder via TheFelderReport.com,
... suggests investors ought to exercise a great deal of caution towards equities as an asset class.
Fundamentals
“The chart shows the market value of all publicly traded securities as a percentage of the country’s business–that is, as a percentage of GNP. The ratio has certain limitations in telling you what you need to know. Still, it is probably the best single measure of where valuations stand at any given moment.” –Warren Buffett, December 10, 2001
The single best measure of valuations, according to Warren Buffett, currently sits just off its highest reading in history. In other words, the stock market has never been as expensive as it is today, largely the product of soaring valuations amid deteriorating fundamentals. Not only does this mean that forward returns will likely be exceptionally poor, it means that downside risk has also never been greater than it is today.
See Chart:
The Buffett Yardstick
Sentiment
“Even the most circumspect friend of the market would concede that the volume of brokers’ loans—of loans collateraled by the securities purchased on margin—is a good index of the volume of speculation.” -John Kenneth Galbraith, The Great Crash 1929
If the level of margin debt is indicative of the “volume of speculation” then we might infer that, just as we are witnessing unprecedented valuations, those extreme prices have been driven by extreme greed, the likes of which we haven’t seen in generations, if ever before.
See Chart:
Margin Debt
Technicals
“For me, technical analysis is like a thermometer. Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature. But, of course, that would be sheer folly. If you are a responsible participant in the market, you always want to know where the market is—whether it is hot and excitable, or cold and stagnant. You want to know everything you can about the market to give you an edge.” -Bruce Kovner, Market Wizards
In analyzing the strength of the trend we can use a very simply metric like RSI. In the case of 18-month RSI, oversold readings have proven to be good long-term entry points; Overbought, readings, however, have merely indicated a strong uptrend that may last several more years. By this measure, the strength of the current uptrend peaked nearly 3 years ago and has only been weakening since, putting in a clear pattern of lower highs.
See Chart:
Stocks & long term relative Strengt
Together, these three indicators paint a picture of an extremely overvalued stock market, driven by a speculative euphoria even while the price trend is running out of steam. It is the textbook definition of “late cycle” in the stock market and suggests investors ought to exercise a great deal of caution towards equities as an asset class.
….
SOURCE: https://www.zerohedge.com/markets/textbook-definition-late-cycle-stock-market
----
----
US DOMESTIC POLITICS
Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption. Urge cambio
System of power is breaking up: Trump is Zero without PENTA and Mil-Ind-Complex
PENTAGON CHIEF ESPER DRAFTS RESIGNATION LETTER - HOPES TO STRIP CONFEDERATE BASE NAMES ON WAY OUT
Esper said to be assisting Congress with draft legislation, putting him further at odds with Trump...
….
Solo falta que se parta NATO y adios al imperio fascista y su puppet Trump
====
THE NATION CONTINUES TO CREEP LEFT
The fact that Trump supporters can be called "right wing" is an indication of how far the nation's ideology has moved to the left in recent decades...
====
AN ELECTION WHERE (ALMOST) EVERYBODY LOSES?
In the end, it appears that nothing good is going to come out of this election, and our nation will never be the same again from this day forward...
====
HERE IS THE AGE DISTRIBUTION OF TRUMP AND BIDEN VOTERS
If only those 29-and-over voted, Trump would have been "only" 2% behind in the popular vote and would possibly have had enough to have won the electoral college.
Today’s chart from Reid shows estimates of the Dems advantage over the GOP in 2020, 2016 and 2004 by age. 2004 was chosen as that seems to be the last election before there was a big intergenerational age split in voter’s party preferences.
Among 18-29yr olds, Biden is estimated to have secured a 27% lead versus 19% for Clinton 4 years ago and Kerry’s 9% in 2004.
See Chart:
https://www.zerohedge.com/s3/files/inline-images/popular%20vote%20lead%20changes.jpg?itok=iK1KRYub
And speaking of young vs old we remind readers that according to Reid, the "intergenerational divide" will be a great source of disorder in the decade ahead and potentially turn politics sharply leftwards if policies continue as they have (see "The Millennials Are Coming For The Boomers' Money: One Bank Sees Generational Conflict Breaking Out This Decade").
See Charts: See Fig 55
https://www.zerohedge.com/s3/files/inline-images/point%20gap%20DB_0.png?itok=mMwVW6Ls
As Reid concludes, "the right have generally outperformed in elections over the last decade across the world. To see this continue they may need to address their falling support among the young."
[Age is very important: When I visited in Oct two socialist meetings in 2 diff States I noticed that most of the radicals were young people (20-to-25 age) then I propose to abandon the tactic of ABSTENTION and converting elections into ‘Preliminar REFERENDUM’. We can vote either by mail or in Nov 3. That is why now most late votes belong to Biden-Kamala Harris. ALL VOTES MUST BE COUNTED is our principle]
====
Still confrontational? This dudu or mojón is totally crazy. We have to flash the toilet!
WATCH LIVE: PRESIDENT TRUMP DELIVERS REMARKS
Tantrum? Yes: watchlive las rabietas de un psychopath
" It’s time to clean up this mess & stop looking like a banana republic! "
….
It is time to flash the toilet and rid-off this fascist-banana-oligarch: d dudu
====
PUT SIMPLY...THE SWAMP IS JUST TOO BIG TO BE DRAINED
...until an economic collapse or other national calamity materializes, no matter who wins, I don’t expect a thing to change. The deep state will still remain on top and running the show, unencumbered by whoever occupies the Oval Office.
====
Trump want the SUPREME COURT vote him.. An invitation to call F their resignation
AMERICA'S INABILITY TO COUNT VOTES IS A NATIONAL DISGRACE AND DANGEROUS
...no deranged conspiracy thinking is required for that. An electoral system suffused with this much chaos, error, protracted outcomes and seemingly inexplicable reversals will sow doubt and distrust in the most rational citizens...
====
BIDEN SPEAKS AS GEORGIA SAYS RECOUNT LIKELY, TRUMP'S LEAD IN PA NARROWS
Trump: "All of the recent Biden claimed States will be legally challenged by us for Voter Fraud and State Election Fraud..."
….
Fraud? Todo ladrón-mafioso cree que los demás son de la misma condición
====
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
No es para reir, es para llorar de risa, dijo un frustrado Republicano
"WHAT A SPECTACLE...GRAB YOUR POPCORN!" IRAN & RUSSIA MOCK US ELECTION IMPASSE
Kremlin lawmaker told Russians "grab your popcorn" & watch US society become "fatally split" while Iran's leaders belittled the "spectacle"...
====
SPUTNIK and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars & danger of WW3
-US Election Live Updates: Philadelphia Police 'Probing Alleged Plot to Attack Pennsylvania Vote Centre' Who was? Of course fascist mercenaries from Trump. Is Trump the one afraid to include “socialist’ enemy-vote” from US citizens.
- Donald Trump Jr. Urges POTUS to Go to ‘Total War' Over Election to 'Expose Fraud, Cheating’
- A First: Swedish Covid Patient Gets New Lungs Transplanted
-- COVID-19 Live Updates: US Registers Record 120,048 New Coronavirus Cases
- Michigan AG Calls on Residents to Stop Telling Her Staff to ‘Shove Sharpies in Uncomfortable Places’
- Partying 'Mailboxes' Caught on Camera at 'Count the Votes' Protests in Philly
- Twitter Suspends Steve Bannon's Account Soon After 'Heads on Pikes' Comments
- British Apache Helicopter Reportedly Fires Deadly Ammunition While on Ground
- Black Lives Matter Rally Starts in Manhattan, Police Begin to Detain Activists
- US Organizations Request Twitter CEO to Suspend Trump's Account Over 'Misinformation'
- Woman Charged With Spitting in NYPD Cop's Face Claims Did so Because Police Were ‘Attacking People’
- Pentagon Says US Defence Secretary Esper Has No Plans to Resign, Media Reports Inaccurate
- 'We Can't Let That Happen': Trump Vows to Stop Democrats From 'Stealing' Election
- People of Color Remain ‘Brutalized’ by US Electoral System Rooted in Inequality
- Trump Delivers Remarks From White House Amid Tense Presidential Race
- Pennsylvania Official Says ‘Overwhelming’ Majority of US Voter Ballots to Be Counted by Friday
- No-Fly Zone Implemented Around Biden's Delaware Home as US Election Call Nears
- Hungary to Start Importing Russian COVID-19 Vaccine in December
====
====
No hay comentarios:
Publicar un comentario