Nueva Democracia: DEC 8 20 ND SIT EC y POL

DEC 8 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

BONDS, STOCKS, & BULLION BID AS COMPLACENCY CAREENS BEYOND DOT-COM HIGHS

Stocks oscillated gently lower overnight then went wild as the cash markets opened, soaring all day but appeared to roll over a little when McConnell suggested slashing the liability protections and state/local aid from the COVID Relief bill (implicitly reducing the amount of free money to be handed out) and extended losses a little more when headlines on SCOTUS taking up Texas' election case against MI, PA, and WI...

See Chart:

US Cash Open

https://www.zerohedge.com/s3/files/inline-images/2020-12-08_13-00-03.jpg?itok=KN6Qts9f

Small Caps continued their rebound against mega-tech again...

See Chart:

Russell 200 vs Nasdaq 100

https://www.zerohedge.com/s3/files/inline-images/bfm7FA1.jpg?itok=o9AkgUBQ

Another day, another massive short-squeeze...

See Chart:

“Most Shorted” stocks

https://www.zerohedge.com/s3/files/inline-images/bfm4254.jpg?itok=o9tWFsZK

The SMART money ain't buying it...

See Chart:

Dow vs Smart money

https://www.zerohedge.com/s3/files/inline-images/bfm81FB.jpg?itok=t2Cl5Lqe

Homebuilders got hit today...

See Chart:

US Homebuilders ETF

https://www.zerohedge.com/s3/files/inline-images/bfm55CF.jpg?itok=7Tphwpte

Bank stocks have trod water for two weeks now...

See Chart:

S&P Bank Stocks

https://www.zerohedge.com/s3/files/inline-images/bfm3DB.jpg?itok=4SFuAkfi

Notably, Cyclicals relative to Defensives continue to have stalled at a key level. Is it time to catch down to yields?

See Chart:

Cyclicals defensive vs 30Y Yield

https://www.zerohedge.com/s3/files/inline-images/bfmA7E3.jpg?itok=2NZwtTUq

Despite stocks gains, bonds were also bid today - erasing all of the payrolls spike in yields...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm16A9.jpg?itok=QjNr1v_f

As the dollar chopped around in a newly unusual tight range...

See Chart:

Bloomberg Dollar index

https://www.zerohedge.com/s3/files/inline-images/bfm5B02.jpg?itok=2l1Qb4WQ

Copper's exuberant run higher relative to gold appears to have stalled out at key resistance. We've seen this before (cough Q1 2019 cough)..

See Chart:

Cooper/gold vs. Ten Y Yield

https://www.zerohedge.com/s3/files/inline-images/bfm8B3.jpg?itok=x6_00JHB

Finally, complacency has gone to '11' as the weekly Cboe ratio of volume traded in puts versus calls fell to the lowest since July 2000 just as the S&P 500 Index hit an all-time high.

See Chart:

https://www.zerohedge.com/s3/files/inline-images/bfm4C02_0.jpg?itok=7DGnMpns

This implies extreme positioning to the upside, as investors look beyond short-term uncertainty toward a continuing global recovery in 2021.

And Greed is good-est...

See Chart:

Market greed / Fear index

https://www.zerohedge.com/s3/files/inline-images/image_2020-12-05_090414_0.png?itok=Edr-WzgH

And Nomura Stock Sentiment is at its highest since 2004...

See Chart:

https://www.zerohedge.com/s3/files/inline-images/2020-12-08_6-38-46_0.jpg?itok=Y_4OW4CN

What could go wrong?

Especially with global stocks over $100 trillion and massively extended relative to world GDP...

See Chart:

Bloomberg World exchange Market Capitaliz USD 100.4

World Bank World GDP Constant 2010 Prices USD
https://wwket cap w.zerohedge.com/s3/files/inline-images/bfm88E8_0.jpg?itok=sP9rfMe6

….

SOURCE: https://www.zerohedge.com/markets/bonds-stocks-bullion-bid-complacency-careens-beyond-dot-com-highs

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US DOMESTIC POLITICS

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

HOW THE COVID RESPONSE HAS DESTROYED THE PERSONAL FINANCES OF AMERICANS

Not only are there the inevitable arguments about masks, lockdowns, vaccines, and hypocritical politicians using the whole thing as a power grab, but there are very real effects on everyday families all over the world...

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CALIFORNIA IS THE TOP US NET IMPORTER OF ELECTRICITY

...and the largest net exporter of electricity was Pennsylvania, with 70.5 million MWh of exports, or 24 percent of total supply...

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LOUISIANA JOINS TEXAS IN MOTION AGAINST GA, MI, PA, & WI AFTER SCOTUS DENIES EMERGENCY INJUNCTIVE RELIEF IN PA CASE

“The Supreme Court only denied emergency injunctive relief...the underlying appeal by the Kelly and the other lawmakers was still pending...”

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JANET YELLEN: TOO DUMB TO STOP

...Yellen will not be up to the task of returning reverence and trust to the dollar. And without that, there is little hope of restoring the American Dream...

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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

DEFLATION IS BACK IN CHINA AS CPI TURNS NEGATIVE FOR FIRST TIME SINCE THE FINANCIAL CRISIS

Chinese deflation is back with a whimper as headline CPI inflation moderated to -0.5% year-on-year in November from +0.5% yoy in October, the first year-over-year decline in consumer prices since October 2009.

Yesterday, when discussing the biggest jump in Chinese FX reserves in 7 years we wondered if this was an indication that the PBOC was starting to lean against the surging yuan. Today, after the latest Chinese inflation data released moments ago, we are confident that it is only a matter of time before Beijing will once again aggressively intervene and/or devalue its currency.

See Chart:

https://www.zerohedge.com/s3/files/inline-images/china%20CPI%20PPI%20dec%202020.jpg?itok=4oJYPkMO

Some more details: in year-on-year terms, food inflation went down to -2.0% yoy in November from +2.2% y/y in October, largely because pork prices tumbled 12.5% on a year-over-year basis, lowering year-over-year CPI inflation by 0.6pp.

One wonders how long Beijing will allow this, and how long will Chinese rates remain as high as they are, before the Politburo capitulates and realize it needs to aggressively devalued its soaring currency (and offset the tumbling dollar) if it hopes to keep deflation in check.

It may even have to decide between keeping interest rates highs, and thus yields on Chinese bonds attractive for foreign investors (as a reminder, everyone knows by now that one of Beijing's top priorities is to have a steady source of offshore capital entering the negative current account nation), or finally conceding it needs to cut rates in order to let some of the air in the yuan out.

….

SOURCE: https://www.zerohedge.com/markets/deflation-back-china-cpi-turns-negative-first-time-financial-crisis

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WE ARE champions in contamination of ocean waters

FIREWORKS, BATTERIES AND LIQUID ETHANOL AMONG DANGEROUS GOODS LOST AT SEA FROM APUS CONTAINERSHIP

Fireworks, batteries and liquid ethanol were inside the 64 dangerous goods containers that went overboard with more than 1,750 others from the ONE Apus last week,

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SPUTNIK and RT SHOWS

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

- Two Bombs Reportedly Target Oil Wells in Kirkuk, Iraq

- Joe Biden Reveals Why He Chose Lloyd Austin for Defence Secretary

- Israeli Flag With 'Thank You Mossad' Allegedly Seen in Iran Days After Fakhrizadeh's Murder

- Drug to Fight Lung Cancer Obtained From Tropical Plants

- UAE Officially Registers Sinopharm Inactivated Vaccine as it Shows 86% Efficacy

- Sweden's New Children's Bible Focuses on Diversity, Gender

- RU Scientists Devising New Methods to Monitor Purity of Seawater From Space

- Massive Blast at West Virginia Chemical Plant Forces Residents to Take Shelter

- Biden Mulling Former Mayor Buttigieg for 'High-Profile' Ambassadorship