SEP 10 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
GOLDMAN TRADER: "10 POINTS ON WHY INVESTORS ARE BEARISH FOR THE LAST TWO WEEKS OF SEPTEMBER"
by Goldman flow trader Scott Rubner
The #1 incoming question to hit my inbox during this week: "WHEN (EXACTLY) "DOES" THE EQUITY MARKET SELL OFF DURING SEPTEMBER?" It's time for a thread:
The #1 incoming question to hit my inbox during this week: "when (exactly) "does" the equity market sell off during September?" It's time for a thread.
What is current institutional investor consensus about a potential equity market correction, that is for a trade? 10 points on why investors are bearish for the last two weeks of September.
1. Potential Record Monthly Equity Issuance - This is the most important market dynamic for the month of September. Can investors absorb record issuance?
See Chart:
https://cms.zerohedge.com/s3/files/inline-images/record%20issuance.png?itok=W3jXxMWp
2. Lock-up, PE, Conglomerate Supply (continued) - Same point as above. We expect a significant number of monetization blocks coming to market.
3. Corporate Buyback Blackout Window - September 20th. As of today, we estimate that 15% of the S&P 500 is in their closed window. This is a big deal. Corporates are expected to be the largest buyer of stocks in 2H and corporates have significantly offset issuance. See FAAMNG massive outperformance Wednesday.
See Chart:
US share buyback authorization trough Aug
https://cms.zerohedge.com/s3/files/inline-images/index_1.png?itok=6sDVUrnO
4. S&P 500 Seasonals - September 16th - This is the highest point of the day-by-day peak for September, before closing lower on the month.
See Charts:
https://cms.zerohedge.com/s3/files/inline-images/sept%20seasonality%202.png?itok=SP5m3WnM
Continue reading & see more charts at:
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STOCKS SUFFER LONGEST LOSING STREAK SINCE FEB AS BREADTH PLUMMETS
...5 straight down days... what did Robert Kaplan know?
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EVERY 0.1% INCREASE IN THE DISCOUNT RATE EQUATES TO A 4% DECLINE IN STOCKS
"Interest rate risk is at a record high, with S&P 500 equity duration equivalent to a 36-year zero-coupon bond – every 10bp increase in the discount rate equates to a 4% decline, all else equal. And valuations (more below) leave no
For the non rates gurus out there, this is a huge number.... How huge? It is so big that, according to Subramanian's calculations, every 10bp increase in the discount rate equates to a 4% decline. And with valuations (which as DB noted are at all time highs and risk sparking a "hard correction" in stocks) leaving no margin for error, this means that once the Fed finally acknowledges the soaring inflation - it can pretend it's not there only so long - it's going to get very ugly for stocks.
See Chart:
BofA strategist calculates that the 10-year annual 12-month price return of -0.8%, "represents the first negative returns since the Tech Bubble." In other words, ten years from now stocks will be lower than where they are now.
See Chart:
Representing the fist negative returns predicted
And while we gernally share Savita's sentiment that the current episode in market lunacy will end badly...
This may not end now. But when it ends, it could end badly: If taper means no upside to the S&P 500, tightening would be worse. Canaries are chirping –PPG, a barometer of industrial activity, aborted guidance on supply chain woes; credit spreads have stealthily widened, and our valuation model (~80% explanatory power for S&P 10yr returns) now indicates negative returns (-0.8% p.a.) for the first time since ‘99
... we are certain that there is no way on earth - literally - that the Fed will ever allow 10 years to pass with zero wealth effect, and it's also why we fully expect a major crisis in the near future, one which leads to a relatively modest market crash only to trigger ETF and stock buying by the Fed which by then will be directly wiring digital dollars into every minority's digital wallet with the explicit instructions to spend said digital Fedbucks on stonks, which will soon be the only arbiter of social welfare in the US.
….
SOURCE: https://www.zerohedge.com/markets/every-01-increase-discount-rate-equates-4-decline-stocks
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Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.
Vaccine terrorism continue:
BIDEN ADVISER SAYS PRESIDENT "WILL RUN OVER" GOP GOVERNORS WHO RESIST VACCINE MANDATE
Just like the framers intended?
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White House Chief Of Staff Admits Vaccine Mandate Is A "Work Around" The Constitutional Objections
He was SAYING THE QUIET PART OUT LOUD...
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NYT CONFIRMS BIDEN MURDERED INNOCENT FAMILY IN KABUL DRONE STRIKE
Seven children...
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BIDEN, FAUCI, PELOSI, & NEWSOM ALL OBJECTED TO MANDATORY VACCINES
"I do legitimately have concerns about a BUREAUCRAT MAKING A DECISION THAT IS VERY PERSONAL."
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RED LIGHT ROBBERIES ACROSS AMERICA [[ Red light or GREEN light?]]
CRIME IS SURGING in American cities, but the official data LEAVE OUT THE MOST FREQUENT SOURCE OF HIGHWAY ROBBERIES...
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Buchanan: 20 Years After 9/11 - Are We Better Off?
Looking back at the HALF DOZEN MIDEAST WARS in which we have engaged since that first 9/11, WHERE ARE WE BETTER OFF NOW THAN WE WERE THEN?
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SNYDER: THERE IS NO TURNING BACK AFTER THIS... MUST READ!
We are descending into FULL-BLOWN TYRANNY...
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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
FORD IS OFFICIALLY LEAVING INDIA AFTER ACCUMULATING $2 BILLION IN LOSSES OVER 10 YEARS
The automaker is expected to stop making cars in the densely populated country and take a $2 billion charge due to its inability to see a "path to profitability" manufacturing there.
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PREES terrorism is very aggressive:
COLLEGE TEXTBOOK SAYS PEOPLE WHO OPPOSE LOCKDOWNS CAUSED COVID DEATHS
“Lives were lost because some Americans
held beliefs that were at odds with the facts.”
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URANIUM SOARS AFTER SPROTT MASSIVELY UPSIZES BUYING PROGRAM BY $1BN TO $1.3BN
"Since its launch on August 17, 2021, the Trust has issued 24.7 million units for gross proceeds of approximately US$244.7 million”
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SPUTNIK NEWS : https://sputniknews.com/world/
- Fort Pickett Evacuees Controversy Indicates US' Afghan Pull-Out Wasn't Planned at All, Observers Say
- NASA Holds Presser on Collection of First Rock Samples From Mars
- Twenty Years After 9/11: US & NATO Allies Less Safe and Closer to Economic Abyss.
- German Social Democrats Maintain Leadership 16 Days Before Federal Elections, Poll Shows
- Orthodox Jewish Man Spotted Climbing Rooftop to Access Melbourne Synagogue Amid COVID-19 Lockdown
- Does Biden Fear a Coup? Why US President is Kicking Trump Appointees Off Military Advisory Boards
- Smell of Burnt Plastic Still Present in US Segment of ISS, Crew Commander Says
- ‘Confrontation Would Bring Disasters’, Beijing Warns After Biden, Xi Talk Bilateral Competition
- Ex-Inmate: Jailbreak From High-Security Gilboa Prison Seemed Impossible Until 6 Palestinians Escaped
- Israel Makes Sure Russian Soldiers Not Targeted in Operations in Syria, Foreign Minister Says
--Ukrainian President Says Possibility of Full-On War With Russia Exists
- NASA Stepped Up Security Measures Shortly After 9/11 Terrorist Attacks, Russian Cosmonaut Says
- Israel Determined to Confront 'Iranian-Guided Terror', Foreign Minister Says
- Japan’s Kono Says Important to Reach Peace Deal With Russia
- US Pauses Flights of Afghanistan Evacuees After 4 Measles Cases
- US Oil Activities in Syria Frozen After Biden Administration Failed to Renew Waiver, SDC Says
- 9/11 Terror Attacks United People Regardless of Religious Affiliation, New York Priest Says
- Russian-Belarus Zapad Drills Begin Friday as NATO Watches Closely
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