ND JUN
4 19 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
And judging by PMIs, this is about to get a lot worse...
Away from the noise and
oscillation of the monthly data, year-over-year, US Factory Orders grew at just 1.0% - the slowest
rate of growth since Trump was elected.
See Chart:
US
FACTORING ORDERS YoY vs US Manufacturing
PMI
….
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SQUEESY
Nasdaq managed to get back to
even, erasing yesterday's tech wreck...Trannies soared over 3.5% today, Small Caps up almost 3%!! And the
late-day melt-up sent S&P back above 2800. The Dow ended the day up 511
points!
See Chart:
This
doesn't feel sustainable...
See Chart:
Nasdaq
was the most oversold before the open since the Dec lows...
See Chart:
Nasdaq
Composite
S&P
pushed back above the 200DMA...
See Chart:
This is
the best day for stocks in 5 months, on the back of the biggest short-squeeze since the first week of
2019...
See Chart:
Smmal
Cupos -
“most shorted stockes”
Volume was below average.
FANG
Stocks bounced today but only recovered 50% of their last few day's losses...
See Chart:
Financials
spiked most in 5 months, but struggled to break resistance from last week...
See Chart:
S&P
Financials
While
equity vol is elevated, FX vol is deadstick as bond vol explodes...
Treasury
yields surged on the day, with 30Y notably underperforming and running higher
(in yield) on the week
See Chart:
With a
steepening in the curve, 3m10Y erasing yesterday's flattening (but remains
inverted)
See Chart:
The
Dollar index tumbled to 3-week lows - down 4 days in a row - erasing all gains
since the May FOMC meeting...
See Chart:
Rather
oddly, the dollar was weak as market-implied rate-change expectations shifted
more hawkishly, despite all the chatter from various Fed heads..
But rate-cut expectations for
September have soared to 89%!!! (NOTE: in early November, the market was 89% sure that The Fed
would be hiking rates in September)
See Chart:
Finally
- one word - fun-durr-mentals...
See Chart:
….
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After last
week's small draw, expectations were for another larger crude draw this week,
but a surprise build reported by
API sent WTI prices lower after hours...
WTI managed some gains on the
day, hovering around $53.50 ahead of the API print but
tumbled after the data hit
See Chart:
….
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The fact that the mainstream isn’t taking this all very
seriously isn’t anything new. But how serious are things really?
Bernanke said “subprime was contained” in March 2007. Bill Dudley did him
one better, telling the FOMC “there was nothing imminent” just two days before
the whole damn thing broke apart.
See
Chart:
Money Marlets Equivalents
Right now, using June 2019’s
contract as our front month measure, the inversion out to June of next year
(EDM 2020) is up to a startling
76 bps already. That’s more than 20 bps
upside down (toward future rate cuts series) than it was in early August 2007.
See Chart: i guess they place a
chart that doesn’ correspond to message
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The longest inversion streak has
lasted 120 days for the 3mo/10yr curve and 208 days for the 2yr/10yr curve and
there have usually been 4 inversions for each curve measure prior to a
recession.
See Chart:
….
SOURCE: https://www.zerohedge.com/news/2019-06-04/how-long-does-yield-curve-have-be-inverted-recession
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While this is unlikely to come as
much of a surprise to any trade who can fog a mirror, today's panic-buying
bounce in stocks is being driven by the biggest short-squeeze since the first week of 2019...
See Chart:
Most
Shorter Stocks 1
Most Shorter Stocks 2:
….
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"Perhaps it is time to retire
the term 'unconventional' when referring to tools that were used in the crisis.
We know that tools like these are likely to be needed in some form" in the
future."
Curiously, just hours before
Powell's speech, Chicago Fed President Charles Evans brushed aside
the idea the Fed needed to cut rates in response to market pressure, in a
surprisingly hawkish speech.
Powell, however instantly reversed
this market sentiment, and his dovish turn sent both
the dollar...
See Chart:
Dollar
Index
... and
10Y yields sharply lower...
See Chart:
... before
both rebounded to pre-comment levels in a kneejerk reaction which we doubt will
be sustained.
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
"If we can aggressively intervene
in markets to protect the interests of the wealthy and well-connected, then we
can damn well use all the tools at our disposal to protect the interests of
American workers."
====
"There’s no doubt the
intelligence community gets things wrong from time to time but their overall
body of work is excellent and to be relied upon and trusted."
====
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
"China softening the
stance? This is a useless
speculation."
====
SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
ALAI ORG
====
RT EN ESPANIOL
- Corea del Norte advierte a EE.UU.: "Hay un límite a nuestra paciencia"
- Maduro declara "en sesión permanente" al Consejo de Defensa de la Nación
- China podría considerar el traslado de la producción de sus empresas a Rusia por la guerra comercial con EE.UU.
- EE.UU. endurece las sanciones a Cuba
- ¿Sabía esto sobre 'Chernobyl'? Cinco hechos interesantes sobre la serie valorada como la mejor de la historia
- Corte Suprema de Colombia llama a indagatoria al exlíder de las FARC 'Jesús Santrich'
- Keiser Report Keiser Report analiza uno de los mayores conflictos y no es la guerra de la basura
- USA: 'Sueños y pesadillas' en el país donde morirse es más barato que enfermarse
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
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DEMOCRACY
NOW
Amy Goodman’ team
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PRESS
TV
Resume of Global News described by Iranian observers..
- UK to ‘stand by Iran nuclear deal’ unlike US
- Iran decries West for continued arms sales to Saudi, UAE
- Chief Palestinian negotiator urges Arabs to boycott US
- Italian MPs urge US to hold real talks with Iran
- Trump fan stabs his balloon at London protests
- UK official: Trump is a 'sexual predator' and 'racist'
- Londoners vent their anger over Trump's foreign policies
- Syrian air defense systems down terrorist drones
- Trump giving Saudis ‘anything they want’ like nuke tech
- Watch Britons marching against Trump's UK visit
- PROGRAMS
- ISRAELI SUPREMACY
- US-Iran Tensions
- Sudan massacre: is foreign influence to blame?
- Second step of the Revolution: Science
- Sudan Crisis
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