Nueva Democracia: JUL 10 2021 ND SIT EC y POL Part 2-B

JUL 10 2021 ND SIT EC y POL Part 2-B

ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco

ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

GOLDMAN: HERE'S WHY THE SHORTS WILL HAVE TO COVER THIS WEEK

by Tyler Durden

"We are still in the best two week period of the year, equity inflows are large, 401k are going back into stocks at a record pace. I think local shorts will need to cover."

Last weekend, before the S&P broke out into a series of new all time highs despite Thursday's "harrowing" 1% dip, we shared Goldman's observations on why the market was entering the best 2-week seasonal period of the year. Since then, THE SPX HAS HIT NEW ALL TIME HIGHS 3 OUT OF THE PAST 5 TRADING DAYS, AND ON 9 OUT OF THE LAST 11 even as sentiment substantially declined this week in global equities. For context, on Thursday we observed that the TICK Index logged one of the largest (top 4) selling pressure on the open on record.

See Chart:

NYSE: UP tick Down tick (Low)

https://cms.zerohedge.com/s3/files/inline-images/bfm5AF8_0_1.jpg?itok=lipWl92u

For those asking what was behind Thursday's wobble, we mentioned previously listed the reason for the selloff, none of which were new. The general feeling was that equities needed to catch down to other asset classes.

But, as Goldman flow trader Scott Rubner correctly predicted on Friday, when he said that "I think local shorts will need to cover this am" only to see a new all time high in the Dow, S&P and Nasdaq, the selling is pretty much over "as long dealer gamma muted a larger potential drawdown." Another reason why Goldman expects stocks to keep rising: JPM kicks off the defacto new buyback window on Tuesday.

With that in mind, here is a mini thread from Rubner on “where we came from” and where we are going next.

1. GS Wedge: Since January 2019, Money Markets have seen +$1.707 Trillion inflows and Global Bonds have seen +$1.629 Trillion inflows, while Global Equities just +$154 Billion worth of inflows. GS wedge stands at $3.2 Trillion ~ aka the defensive buffer

See Chart:

Global fund flows

https://cms.zerohedge.com/s3/files/inline-images/gs%201.png?itok=dftWDnQ3

2. Cash on the sidelines is waiting for a dip and bought the Thursday dip.

See Chart:

Global Money marked funds flows

https://cms.zerohedge.com/s3/files/inline-images/gs2.gif?itok=qJXskBIC

3. 1H 2021 actually logged the 2nd largest money market inflows on record. 1H 2020 was the largest.

See Chart

Largest global Money Market fund flows in1H (since 2007: 5 Billions

https://cms.zerohedge.com/s3/files/inline-images/gs3.gif?itok=qXEoHqFb

4. The cash pile from 2021 has not been reduced.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/gs4.gif?itok=Y7iwMITc

5. 1H 2021 Bond inflows seem significant? On pace for best year in a decade.

See 2 Charts:

A- Annual global bond fund flow ( in billions)

https://cms.zerohedge.com/s3/files/inline-images/gs5.gif?itok=URFIjp3T

Chart B

Global Bond funds flows

https://cms.zerohedge.com/s3/files/inline-images/gs6.gif?itok=Ub1fTRMC

6. Q1 2021 saw the 3rd largest quarterly inflow on record, Q2 2021 saw the 7th largest on record.

See Chart:

Quarters with the largest global bond funds flow

https://cms.zerohedge.com/s3/files/inline-images/gs7.gif?itok=tShXNd-O

7. Global Equity inflows are the biggest story of the year, but do not seem extreme at all when I zoom out.

See Chart:

Global Equity fund flows

https://cms.zerohedge.com/s3/files/inline-images/gs8.gif?itok=jIb2U8A7

Goldman's bottom Line: "We are still in the best two week period of the year, equity inflows are large, 401k are going back into stocks at a record pace. I think local shorts will need to cover."

….

SOURCE: https://www.zerohedge.com/markets/goldman-heres-why-shorts-will-have-cover-week

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US DOMESTIC POLITICS

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

FEDERAL GOVERNMENT PAYING $6.1 MILLION TO CREATE DATABASE FOR CAPITOL RIOT PROSECUTIONS

That figure could swell to $25.9 million...

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MEET JIGSAW: GOOGLE'S INTELLIGENCE AGENCY

It’s no secret that GOOGLE REGULARLY COLLABORATES WITH INTELLIGENCE AGENCIES...But Google also operates its own internal intelligence agency..

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AIR FORCE RELEASES NEW B-21 RAIDER STEALTH BOMBER RENDERING

"This aircraft design approach sets the nation on the right path to ensuring America's enduring airpower capability."

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25K APPLICANTS IN FIRST WEEK AFTER INDIANA OFFERS FREE GUN CARRY LICENSES

"We're sorry, due to a high number..."

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RAND PAUL SAYS HE WILL INTRODUCE BILL TO SCRAP MASK MANDATE "FARCE" ON PLANES

“Let people travel in peace!”

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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)

Global depression is on…China, RU, Iran search for State socialis, D rest in limbo

ESCOBAR: SAY HELLO TO THE DIPLO-TALIBAN

Deploying diplomatic skills refined from Doha to Moscow, the Taliban in 2021 has little to do with its 2001 incarnation...

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ACTIVISM UNCENSORED: COLOMBIA IN CHAOS

"Coverage of in-country upheavals are dictated by the nature of the government’s relationship to the United States..."

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We are full of xenophobia : should be proud of this stupidity?

UNFAVORABLE OPINIONS ABOUT CHINA HAVE REACHED HISTORIC HIGHS

...in most places, large majorities of the public also agreed that China is not respecting the personal freedoms of its people.

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CHINA TIGHTENS GRIP ON TECH COMPANIES WITH CRACKDOWN ON FOREIGN IPOS

“The Chinese government has been hoping to strengthen supervision of Chinese companies listed overseas for some time … but since the start of the China-US trade war, data has become a focus of the power play between the

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SPUTNIK NEWS : https://sputniknews.com/

- US Forces Come Under Rocket Attack in Syria's Deir ez-Zor, Defense Official Confirms

- Sputnik V Gives 90% Protection Against Delta Strain of COVID-19, Scientist Says

- BBC Faced With Nearly 500,000 Complaints in a Year Over 'Perceived Bias' Concerns

- European Council Head Says G20 Finance Chiefs’ Backing of Global Tax Crackdown ‘Historic’

- Head of Moise’s Guard to Be Questioned About Suspicious Trips to Colombia

- Pakistan Strengthening Border Security Amid Fears of Refugee Influx From Afghanistan

- Recorded Message From Wife of Murdered Haitian President Could Be Fake

- President of Haitian Senate Says His Swearing-In as Interim Leader Postponed

- Israel’s President Discusses Strategic Relations With Jordan’s King Abdullah

- Venezuelan Security Forces Detain 3 Colombian Militants in Caracas Raid