Nueva Democracia: Aug 19 2021 ND SIT EC y POL Part 1

Aug 19 2021 ND SIT EC y POL Part 1

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

TRADERS BUY BONDS, BITCOIN, & THE BUCK AS GAMMA SPARKS STOCK CHAOS

by Tyler Durden

...Defensives dominated today as gamma took charge of the markets..

A quiet macro day (positive claims data, weak Philly Fed, and positive LEI) allowed the algos to get back to work after yesterday's Powell pummeling in stocks. Nasdaq was levitated all the way back to unchanged from pre-FOMC-Minutes, but that was all the algos could manage. Bonds remain best since the Minutes and gold slipped back to unchanged as the dollar spiked..

See Chart:

FOMC Minutes

https://cms.zerohedge.com/s3/files/inline-images/2021-08-19_12-31-45.jpg?itok=ZY_JtXk3

An ugly overnight session in futures was quickly wiped out as the cash markets opened, with The Dow managed to get back to even but failing there before the wheels started to come off again. But that dip was bought and The S&P, Dow, and Nasdaq all went green again... only to be sold into the close...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-08-19_13-00-02.jpg?itok=rucjt4lB

As we noted before the open, today was all about Gamma flows and as SpotGamma noted mid-afternoon, the Gamma flip line held (4420 Vol Trigger), and deltas shifted negative at that point indicates put buying, which sent stocks back down as the pump'n'dump'n'pump continued ahead of tomorrow's opex...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-08-19_12-25-52.jpg?itok=jZTmiWRG

Breadth ain't buying it...

See Chart:

S&P 500 vs Breadth (200 DMA)

https://cms.zerohedge.com/s3/files/inline-images/bfm2344_0.jpg?itok=Hjq7kE4x

DEFENSIVES DOMINATED share gains today as Cyclicals extended their post-FOMC-Minutes losses...

See Chart:

FOMC mins

https://cms.zerohedge.com/s3/files/inline-images/bfm5838_0.jpg?itok=VqNgSYQi

Bank stocks fell for the 5th straight day..

See Chart:

KBW Bank Index

https://cms.zerohedge.com/s3/files/inline-images/bfmE4.jpg?itok=R7_z5j2k

Perhaps most worrying for the world was that "get out and party" stocks notably underperformed "hunker down at home in fear" stocks....

See Chart:

Get and party stocks vs hunker down in fear stocks

https://cms.zerohedge.com/s3/files/inline-images/bfm6F7A.jpg?itok=NzN0Owno

Stocks were in a world of their own relative to bonds though...

See Chart:

S&P 500 vs 30Y Yield

https://cms.zerohedge.com/s3/files/inline-images/bfm13F5.jpg?itok=77_SiLHS

The dollar extended recent gains today...

See Chart:

Bloomberg Dollar Index. its highest since Nov 2020...

https://cms.zerohedge.com/s3/files/inline-images/bfmDC89.jpg?itok=_f3F4SSH

Cryptos were all bid today, but something odd happened around 1430ET (BTC panic bid as stocks suddenly puked - was only short term). BTC topped $46,500...

See Chart:

Bitcoin

https://cms.zerohedge.com/s3/files/inline-images/bfm1462.jpg?itok=W3p8JSxX

Dollar strength sent gold lower on the day...

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-08-19_11-59-00.jpg?itok=tGfuYkog

Oil prices were down today but staged a decent come back after breaking down to a $62 handle (WTI) intraday... Oil is down 6 straight days, the longest losing streak since Feb 2020

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/2021-08-19_12-08-29.jpg?itok=l3yLL-tH

Finally, commodity markets are on course for their worst monthly decline since March 2020...

See Chart:

Bloomberg commodity Index

https://cms.zerohedge.com/s3/files/inline-images/bfmD16F_0.jpg?itok=ai6NAT5U

Oh, and this could never really happen again, right?

See Chart:

S&P 500 in 1987

https://cms.zerohedge.com/s3/files/inline-images/bfm9326.jpg?itok=EEIOFI4x

NOW THAT WOULD BE A TAPER TANTRUM!

….

SOURCE: https://www.zerohedge.com/markets/traders-bid-bonds-bitcoin-buck-gamma-geddon-hits-stocks

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WHAT RENTAL HYPERINFLATION LOOKS LIKE: "SOARING PRICES. COMPETITION. DESPERATION"

"Any desirable rental is going within hours, just like the desirable sales."

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COINBASE CEO CONFIRMS $500 MILLION CRYPTO ADDED TO BALANCE SHEET, WILL REINVEST PROFITS

by Tyler Durden

"... we'll be investing 10% of all profit going forward in crypto..."

Back in January 2021, we detailed Morgan Stanley's aggressive expansion of its Microstrategy holdings (whose strategy has shifted towards crypto when it became the first publicly-traded company to convert a substantial portion of its cash holdings to bitcoin), noting that it may be the catalyst that unlocks Bitcoin's door to rapidly crossing the psychological $100,000 level next.

See Chart:

https://cms.zerohedge.com/s3/files/inline-images/MS%20MSTR%20holdings_0.jpg?itok=NACUa0HP

Whereas share buyback announcements pump stock prices higher (whether they are buying them or not) as other front-run the C-suite, Crypto-purchases (on to corporate balance sheets) will create a more aggressive function by keeping cryptos elevated with shorts increasingly uncertain when the next huge buying wave will lift the price of Bitcoin or Ethereum vertically (like today)...

See Charts:

Bitcoin

https://cms.zerohedge.com/s3/files/inline-images/bfmB6D5.jpg?itok=2shnimDx

And today we see another entity more aggressively entering the crypto-purchasing wave. CEO Brian Armstrong announced via Twitter today that the publicly traded cryptocurrency exchange received board approval to add $500 million of cryptocurrency assets to its balance sheet. Not just that, but it'll be placing 10% of all future profits into cryptocurrency.

We may increase our allocation over time as the cryptoeconomy matures. We believe that in the future, more and more companies will hold crypto assets on their balance sheet. We hope by incorporating more crypto assets into our own corporate financial practices, we can take another step towards building a more open cryptoeconomy

….

SOURCE: https://www.zerohedge.com/crypto/coinbase-ceo-confirms-500-million-crypto-added-balance-sheet-will-reinvest-profits

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"AREN'T YOU TIRED OF BEING WRONG?" - ECONOMIST SLAMS BLOOMBERG REPORTER IN TESTY EXCHANGE

"Wow, you came out with gloves on."

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THE FISCAL INSANITY IN CHICAGO CONTINUES...

It’s madness any way you slice the numbers, making it clear Mayor Lori Lightfoot and city leaders either don’t understand or don’t care about Chicago’s finances.

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US DOMESTIC POLITICS

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

This battle is for Biden more difficult than the war in Afganistan

RED STATES BANNING SCHOOL MASK MANDATES FACE BATTLE WITH BIDEN

Protesters who oppose mask mandates have taken to state and local school board meetings in recent weeks, in some cases derailing the meetings.

….

Is the future of kids in schools vs the future of Biden in politics

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TAIBBI: WE FAILED AFGHANISTAN, NOT THE OTHER WAY AROUND

MSNBC rails against the "fantastically corrupt elite" on the ground that ruined the Afghan mission, but the real corruption was our own...

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CALIFORNIA CONGESTION NEARS NEW HIGH, EAST COAST GRIDLOCK WORSENS

It’s only mid-August - the early days of peak shipping season - but the record for container ships anchored off California is already on the verge of being broken

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NYC SMALL BUSINESSES SUE MAYOR OVER "UNDULY BURDENSOME" VACCINATION REQUIREMENT

Plaintiffs are seeking a court order blocking de Blasio's new vaccination requirement, which went into effect Monday and applies to indoor restaurants, gyms and entertainment venues across NYC

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Vaccine is a terrorist genocidal policy, here one more example:

64-YEAR-OLD HEART PATIENT REMOVED FROM TRANSPLANT LIST FOR REFUSING COVID VACCINE

"Compliance concerns..."

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MSNBC BREAKS CRINGE-O-METER, READS BIGGIE SMALLS RAP VERSE DURING VAX-PUSH SEGMENT

When Covid sees you, you can end up in ICU: Intensive Care Unit

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LANDMARK STUDY PROVES COVID VACCINES MUCH LESS EFFECTIVE THAN ADVERTISED

"We’re seeing here the real-world data of how two vaccines are performing, rather than clinical trial data, and the data sets all show how the delta variant has blunted the effectiveness

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SENATORS "HORRIFIED" TO SEE BLACK HAWK HELICOPTERS IN TALIBAN HANDS

A quick rundown of the "billions of dollars" of US gear which went straight to Taliban hands...

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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

AUSTRALIA'S 'EFFECTIVE' UNEMPLOYMENT RATE SURGES AS FRUSTRATED JOBSEEKERS ABANDON LABOR MARKET

"You wonder if you should be looking for a job but, at the same time, are there any jobs out there?"

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SPUTNIK NEWS : https://sputniknews.com/

- Biden Reportedly Mulls Launching Airstrikes Against US Equipment Left in Afghanistan

- Facebook Removes Ability to View List of Friends for Accounts From Afghanistan