Rigged Markets, Rigged Elections, Fake News, Fake Polls and Now Fake Weather

The National Weather Service was warning of a monstrous storm yesterday, one that would lay more than 2 feet of snow on NYC streets and surrounding areas. The net result was more nothing. Great. There’s nothing wrong with being wrong about forecasting the weather. After all, weathermen are barely literate people. But in this particular case, THEY FUCKING LIED — as not to ‘confuse’ the pavement apes who scrape their knuckles on the NYC streets.

Shep Smith laid into them for lying, calling it ‘WRONG’, as flamboyantly gay Shep could only do, always with a flair for the dramatics.

Matt Drudge has been very vocal about the NWS failures, saying it has become a sordid cabal of politcal hacks, Obamaites — offering FAKE WEATHER to the people as a form of wanton perversion of science.

These people should be electrocuted on wrought iron gates, or tossed into active volcanos or twisters. As a meteorologist, I’m sure that’s a nice way to die — having your arms and legs torn from your torso inside of the vortex of a twister — shoveling shit in your mouth the whole time as it tears through some asshole midwest town filled with religious folk.

Do not try to understand why gold went up today, or how a Fed rate hike and hints at 2 more for the year was construed as dovish. Just go with the flow — Hakuna Matata.

When you come to realize, finally, that all of your years of study and experience mean nothing in a battlefield filled with fucking retards smashing in each other’s skulls in with their shields, you will find a sort of peace. For two decades, I curated my skills, read innumerable books, expanded my money management business to enjoy 1%er type wealth — only to later find out most of everything that I learned was meaningless horseshit.

The only reliable method of research that I am able to repeat over and over again are found in the confines of Exodus — examining market behavior without emotion. It’s very hard to do and sometimes one does get caught up in the moment — boarded on an arc filled with gay giraffes. But, the data rhymes and often repeats itself — permitting attentive students of the market to glean an edge.

As expected, gold stocks traded higher on a Federal Reserve rate hike, said no one but a select few.

Quick take on gold: Oversold on Tuesday, bouncing now, as expected. @ppt_exodus $gld $jnug pic.twitter.com/dbc0cotZyp

— The_Real_Fly (@The_Real_Fly) March 11, 2017

The action was palatable, with the sector higher by 9%.

CNBC had Bill on to translate what had happened at the Fed meeting — relying upon his deep reservoir of experience in the credit markets.

Gross viewed Yellen’s comments as ‘dovish’ — because they only mentioned to more hikes for 2017 and another 2 in 2018. He chalked it up to Janet being a natural dove, big lover of easy monetary policy.

In Bill’s big bug eyes, fiscal reform and potential tax policy adjustments are secondary factors to the actions of the BOJ and ECB — who he thinks are buying the stuffing out of US treasuries in their ridiculous QE programs.

What’s most important to Bill is the potential cessation of QE — which would then usher in a new era for credit markets — one that will be rued for all eternity, bringing forth with it ‘hell’, alluding to potential majorly drops in bond prices.

The market never ceases to amaze. In light of the Fed hiking for the third time in the past 11 years, hinting at two more hikes for 2017, the sages of Wall Street are responding dovishley, with boyish naivety, as if they just lowered rates.

At the very core of Fed hikes is the notion that it will prevent an overheating of the economy — bolster the dollar — and provide banks with a steep yield curve. It is, inherently, anti-growth.

But the market is viewing it as anything but that — more of an affirmation that things are getting better.

The Dow is higher by 100
The dollar is DOWN 0.73% v the euro
Copper +1.4%, WTI +2.7%

And, interestingly, bonds are rallying too.

Victoriously, I anticipated these shenanigans and allocated 100% of my assets, which were hitherto in cash, in a singular stock of glorious proportions.

Let the rally commence and gains to be enjoyed.

The Fed hiked by 25bps, laying waste to any economic model that calls for easy Fed policy when the economy is shit.

Here is the insane Yellen ‘dot plot.’

And here is the statement.

FOMC statement pic.twitter.com/0B4OJL8LaM

— The_Real_Fly (@The_Real_Fly) March 15, 2017

Neel Kashkari was the only dissenter on the Fed, opting to not vote in favor of stupid Fed hikes.

I realize there are many who believe the Fed should hike — because MUH inflation. But those people are wrong. The issue here is debt and growth. Without resolving those issues, nothing will improve. What the Fed is doing now is merely provoking catastrophe to prove their relevance.

#Yellen: Our decision to make another gradual reduction…reflects economy's continued progress toward employment/price stability objectives pic.twitter.com/znuaf75oTk

— FOX Business (@FoxBusiness) March 15, 2017

Berlin can exercise its legal prerogative to ban Turkish politicians from campaigning in Germany amid a row with Turkey over its presidential powers referendum, Altmaier said.

“We protest strongly against the Nazi comparisons and the grotesque accusations being made,” the head of the Federal Chancellery said in an interview with German newspaper Berliner Morgenpost, published on Wednesday.

“Turkey is always keen to ensure that its honor is not violated. Germany also has honor!” the CDU politician noted.

“An entry ban would be the last resort. We reserve [this] right,” Altmaier said.

On Tuesday, Altmaier’s home state of Saarland introduced a ban on election campaigns on its soil by foreign officials. The southwestern state has become the first to introduce a ban on foreign officials holding political rallies on its territory.

“Turkey’s Internal conflicts have no place in Germany,” Saarland’s state premier, Annegret Kramp-Karrenbauer of the Christian Democratic Union party (CDU), said, as quoted by Die Welt.

“Electoral campaigns which endanger peace in our country should be banned,” she added.

The row between Berlin and Ankara erupted earlier this month after German local authorities cancelled several campaign events by Turkish ministers in support of the upcoming April referendum on expanding presidential powers in Turkey.

Read more
© Osman OrsalTurkish politicians campaigning in EU make economic aid ‘extremely difficult’ – German minister
While two of the communities cited “security concerns,” another said that the agreement between the demonstration organizers and the town hall excluded any political events.

There are around 1.5 million Turkish citizens with voting rights living in Germany. In an effort to whip up support among Turkish citizens living in Europe, Ankara is sponsoring a series of rallies of Turkish citizens, campaigning for their votes in the plebiscite.

Berlin denied any political involvement in the cancellations, saying decisions were taken exclusively by local officials. Turkish officials did not, however, accept the explanation, with Turkish President Recep Tayyip Erdogan comparing the cancellations to “Nazi practices.”

“Germany, you have no relation whatsoever to democracy and you should know that your current actions are no different to those of the Nazi period,” Erdogan told a crowd at an Istanbul rally.

German Chancellor Angela Merkel has called on Ankara to stop using Nazi references over the cancellation of Turkish rallies in Germany.

“These comparisons of Germany with Nazism must stop… We will not allow the victims of the Nazis to be trivialized,” the chancellor said in the lower house of parliament (Bundestag) on Thursday, noting that she was saddened by a comparison that is “so out of place as to be unworthy of serious comment.”

“It cannot be justified. Nazi comparisons only lead to misery”

I’ll tell you what I bought later on this week. Out of respect for Exodus members, I won’t tell you my trading ideas in real time anymore. It’s not like any of you shills deserve it anyway.

To the point, everyone is expecting the Fed to hike and talk extreme shit about future hikes. Oil is trending up again and Trump defeated Rachael Maddow and has caused the left to devour one of their own. Ergo, and quite literally, nothing can go wrong.

That’s right, I fucking said it.

Rant forthcoming.

There is nothing but upside from here. All persons long equities stand to make enormous fortunes. The economy no longer concerns me. Trump is now our leader and all is well. Trumpcare sucks, but so does Obamacare. No change on that end. If oil catches a bid and you are short, you’ll end up speeding yourself at highway speeds into a brick wall, CIA style.

I can go on. There’s a litany of reasons why I rationalize my trades with news items and events in order to justify my actions. At the end of the day, it’s me against the machines — fighting the good fight to make financial blogging great again.

Many of you probably don’t know it, but finance blogging used to be fun, exciting and many were doing it. Back in the day, OA and me were two of many prolific traders out there who talked about markets and trades every day. Now there’s only a handful left, because most of them blew themselves to smithereens.

The new traders don’t even know what a blog is and instead opt for ADD styled twitter comments for their followers. In a way, finance blogging has become old hat, sort of like newspapers and black and white televisions. In order to keep finance sites relevant, you have to discuss different topics, which is why I’ve expanded the site to different genres.

It’s called evolving with the times.

But some things remain constant, as I speed chop carrots with my testicles grotesquely displayed atop the counter, furiously mincing and dicing, 100% long 1 stock into the Fed.

The rabbit hole is apparently very deep.

The Morning Shill, Joe Scarborough, has been ranting and raving this morning, making accusations that Trump leaked his own tax returns in order to get Trumpcare and MUH Russia off the headlines. This drew a harsh rebuke from the President’s personal attorney, Michael Cohen, which made for good Twitter theatre.

Very nice of Joe to call him Comrade, ahead of what he claims will be a ‘very serious’ Comgressional investigation into Trump’s ‘Russian ties.’

Joe also drew criticism from another establishment shill, CNNs Chris Cuomo, who asserted the fact that Joe had offered zero evidence to support his wild accusations regarding the leaked tax returns. In classic douche form, Joe belittled Chris and chastised him for poor twitter grammar.

Piers Morgan offered some counsel to the conspiratorial sweater from MSNBC.

In a note to institutional clients, Goldman relayed a whim of caution. To retail, they probably sang a different tune. God only knows what the bank really thinks. But one thing is for certain, these two clowns, Mueller-Glissman and Oppenheimer, want to scare you out of stocks here — due to slowing growth and rising rates.

At the same time, they’ve assured us that ‘long term’ things are ok. Europe is doing fine and China seems to be getting their act together. Curiously, however, they now view Yellen as a chief concern — citing weak kneed investors as a risk factor in causing exacerbated moves to the downside — should the uptrend break.

“With growth momentum nearing its peak and rates increasing further with a hawkish Fed, the asymmetry for equities is turning increasingly negative,” Goldman analysts including Christian Mueller-Glissmann wrote in a note for institutional clients. “A slowing cycle makes equities more vulnerable to higher rates and also shocks, e.g. from European politics, U.S. policy, commodities or China.”

“At some point, rising bond yields will become a constraint on equities,” Peter Oppenheimer, a contributor to the report, said in a separate interview. Bond yields are still some way away from normal levels in Europe and Japan, “but in the U.S. we’re getting much closer to that,” he said.

“In the event of a reversal of the trend, these systematic investors are likely to reduce equity exposure quickly, which could exacerbate an equity drawdown and result in a faster and larger volatility spike,” the Goldman analysts wrote.

This is pure rubbish. In other words, rates are rising so be concerned — because once stocks start to head lower — all hell will break loose. Please.

Valuations have been flat for over a year. Moreover, if Fed rate hikes are such a concern, then why not advocate against them? Right, because Goldman wants higher rates to profit from widening speeads. Pardon my conspiratorial hue, but there’s nothing in this report that is meaningful or worth giving a second thought. It’s rank amateur and non-tradeable.

BBG summarizes.

Source: Bloomberg

The analysts suggest investors replace their equity positions with calls, including shorter-dated calls on the S&P 500 and longer-dated Euro Stoxx 50 and Nikkei 225 calls

They are still positive on equity returns longer term, with a 12-month overweight rating for all regions except the S&P 500, which stays underweight

Rising U.S. rates should benefit Europe and Japan even as they become a headwind to the U.S., and there is also potential for a relief rally in the event of a “market-friendly outcome” to the French elections

Goldman is also positive on the Asia-Pacific region, especially China, with the firm returning to an overweight on Chinese stocks earlier this week on mounting evidence of strength in the economy.

All of Jack’s playhouse has been compromised. The entirety of twitter is under assault tonight, which will hopefully lay waste to the share price in a few hours.

Here’s the run down.

#TwitterHack is due to poor security by a third party app. Revoke access to all apps! pic.twitter.com/BcVb21qtlt

— Mike Cernovich ?? (@Cernovich) March 15, 2017

Major accounts are being taken the fuck out, supplanted by Turkish regalia and calling out Germany and the Netherlands for being NAZIS.

They’re using the same tactics of the left. How adorable.