martes, 4 de junio de 2019

ND JUN 4 19 SIT EC y POL



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:
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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."
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"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."
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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


"China softening the stance? This is a useless speculation."
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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
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RT EN ESPANIOL
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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..

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