Do you sense the shift in the timeline (extra Mandela effect)? Be careful buying today’s milquetoast rally, for there is a rapid deterioration underway in both commodity related names and rate sensitive issues.
With Fed hikes looming, anything associated with inflation or loose money policy is getting dismantled. The whole construct of gold and utes as a hedge against a weakening dollar has been cracked asunder to the new narrative: arrogant and intrusive federal reserve policy, literally geared at derailing the economy.
I’ll say it again, for effect. The Federal Reserve is intent on derailing the economy to foment a new crisis, which will then provide shroud their cult with an air of relevancy.
Oil prices are getting hammered, off by more than 4% on the day.
Anything in basic resources, sans uranium stocks, are getting hammered, particularly oil, REITs and utilities.
From my vantage point, this market is to be avoided in the interim. There are too many disturbances in the matrix. Wait in cash for better prices.
Tell your sons if they’re waiting for an international men’s day, it isn’t coming. If they want to be celebrated for their gender, they’re just gonna have to switch over to the pink team (extra Deniro) and go transgender. It’s all the rage these days, anyway.
Learn about eugenics.
Yesterday, the good folks from $NKE announced, ahead of international women’s day, they were entering the progressive line of hijabs — you know, to celebrate women’s lack of rights.
Rumor has it they’ll be entering the lucrative burka market next, especially since gypsie vendors are weak and could be easily picked off by Nike’s marketing prowess. Here’s a leaked image of their prototype.
Happy international women’s day to the readers of iBC. Now go buy yourselves a pair of addidas sneakers.
Bonds are on their worst losing streak since 2012. David Tepper says, regarding the 10yr, ‘wake me up when it’s 4%, bucko.’ Today’s ADP job numbers we’re outrageously good, in spite of the fact that ADP job numbers are absolutely meaningless.
As such, CME futures are now indicating a 100% chance of a rare hike in March. Subsequently, the price of gold is swooning again — taking an inverse position to yields.
Gazillionaire from the Short Hills shopping mall got real kitschy this morning in an absurd CNBC interview (I’ll get the vid up later), revealing that he’s short bonds (hey oh, fughetiboutit) and long stocks (fargin’ A-hole, mamma mia).
Amongst the things he sees happening, he thinks the Trump admin will be soft on trade with China, ‘watered down’ immigration stance, and Le Pen loss in France (that chick don’t gots the motts). It’s worth mentioning, he’s long European equities too — because ‘dos valuations are cheap, ya know wud I mean?’
‘Any of yoos see my bank receipt? I’ve seem to have misplaced it, know what I mean?’
In what appeared to be a Tony Soprano impersonation, regular guy David, worth $10 billion, tried his best to talk to the little people like they’re used to be spoken to, with cute play on words, near curses, and idiotic syntax.
He was critical of Draghi’s incessant bearish tone and didn’t know why $TEVA was on his books on certain days, given its underperformance. Overall, he’s just a happy fucking guy playing with the stock markets — regular Joeing it for the rest of us out here.
For lunch, I’m sure David will be grabbing a bagel filled with tuna fish out of his hard case construction worker lunch box today — washed down with a fucking NYC deli cup of joe. You know, like all regular guys out here.
Everything that Wikileaks has revealed over the past year has hurt both the integrity and honor of the United States. The question you have to grapple with, is it well deserved? After all, living inside of a vast and powerful empire has its benefits. As the empire expands, so does the wealth of its citizens. But it hasn’t worked out that way, has it? The CIA deep staters have turned their guns on the people they serve — using third world banana republic tactics to silence opposition, take down regimes not beholden to their world view, using advanced technology to both spy and monitor on American citizens — infringing on our civil rights like nothing we’ve ever seen before.
The reason for the populist uprising and the lack of equanimity amongst those traditionally supportive of the CIA lies in the improper distribution of the spoils of war. There aren’t any. All the average American has received from $10 trillion in Obama inspired deficit spending is American casualties of war, jobs lost to cheaper labor overseas, expensive oil prices, expensive healthcare, and run away education costs — along with a sundry of social disturbances that have people fed up.
While the elite flaunt hedonistic lifestyles, eschewing basic decency for the perverse, normies get more of the same old bullshit. After electing a true agent of change in Donald Trump, the people are laughed at and impugned by the elitist media. Their President is set upon by ‘permanent government’ officials in the intelligence agencies — whose only goal is to derail and destroy his term before it even begins.
Then we come to find out the same people who told us the Russians were our enemy, revealing corruption and depravity on a monumental scale via the Podesta emails, they were, in fact, the ones spying on us all along — both lying and mocking us like Lords in a fiefdom.
Here’s Fox News reporting on the latest scandal to hit the wires, #VAULT7
Fox New sources inside the CIA said the agency was running around like headless chickens, saying ‘there is heavy shit coming down.’
Edward Snowden offered his analysis on Twitter today, regarding the VAULT7 leak by Wikileaks. In it, he said were the most egregious and ‘reckless’ use of spying technology that has been left vulnerable to outside parties. In other words, they built this giant spying program and lost control of it and now 3rd party hackers are able to infiltrate it — using it to spy on you via your phones, teevee or god damned refrigerators.
PSA: This incorrectly implies CIA hacked these apps / encryption. But the docs show iOS/Android are what got hacked – a much bigger problem. https://t.co/Bw9AkBpOdt
If you’re writing about the CIA/@Wikileaks story, here’s the big deal: first public evidence USG secretly paying to keep US software unsafe. pic.twitter.com/kYi0NC2mOp
Why is this dangerous? Because until closed, any hacker can use the security hole the CIA left open to break into any iPhone in the world. https://t.co/xK0aILAdFI
Evidence mounts showing CIA & FBI knew about catastrophic weaknesses in the most-used smartphones in America, but kept them open — to spy. https://t.co/mDyVred3H8
Here’s the quick rundown. Everything Trump said about them spying on him is correct. Whether Obama approved it or not is immaterial. The permanent government, our benevolent intelligence agencies, spy on us all the time.
Here is a CIA hacker bragging about having the ‘dankest trojans.’
And here is a summary of what people have found thus far. My favorite is the Obama spying program costing upwards of $100b only to be lost to an enemy for nothing.
I’ll have more details later on when I have some time to properly analyze.
I promise you, I am not getting bearish again. I’m merely stating the obvious here — 36% of stocks are up today and yields are shooting higher. $TLT has been a wanton underperformer — making it harder for any debt fueled stimulus program to ever come to fruition.
On the day of the tentative Trump proposed healthcare bill, hospital stocks are getting flayed — with heavy losses in $CYH and $THC. On the infrastructure end of things, basic materials, once again, are on the downside — with outsized losses in aluminum and steel names like $MTL, $SCHN and $AA.
It’s noteworthy to see $ESRX and $MCK down — as he highlights potential loss in either volume or margins for Trumpcare.
Also, all of those EPA induced trucking plays and oil and gas plays are decidedly on the downside. This could be due to investor concern over Trump’s overall agenda or profit taking.
Instead of hiding out in defensive names, I’ve opted to remain in 100% cash until I sense a true opportunity. We’ve had a hell of a run and the winter thaw is here — some are starting to wonder if anything will change in government or maybe we’ll just get more of the same, with a heavy dose of Fed rate hikes. Either way, I think it’s smart to sideline some cash now and wait for the nuclear fall out to settle — infecting and killing millions — at which point it will be safe enough to dive back in and pick up the pieces.
Founded after World War 2 to administer the Marshall Plan in Europe, the OECD has been the preeminent force behind globalization in the world for decades. They are, quite literally, the New World Order and they don’t like what they’re seeing now, with Trump, Le Pen, revolt in Netherlands and Italy — the whole nationalist movement that is sweeping the planet.
Their chief concerns lie in trade, citing protectionism as something that might truly derail global GDP growth. The culprit? Citizens no longer trust their governments, making it harder for national governments to enact pro globalist strategies (extra Trump).
“We have acceleration but I’m concerned about this really soft foundation to the recovery,” OECD Chief Economist Catherine Mann said in an interview. “We still have this slow, sluggish productivity growth and persistent inequality. Put those together and it’s hard to see the robust consumption and investment profile you need to really get things going.”
Though not named in the report, some of the concerns are related to the policies of U.S. President Donald Trump’s administration, including his threats to impose tariffs on nations he deems to have an unfair advantage, The OECD also said there’s a “disconnect” between equity valuations and the outlook for the real economy, with the market performance partly linked to anticipation of a Trump stimulus package.
“We think the dynamic response to increased protectionism could be really quick, so we have a pretty significant downward bias on what it could mean for growth,” Mann said. “What we mean by that is the way businesses will respond by raising prices and cutting trade flows.”
“Although risks may not materialize immediately, they remain a real possibility and a set of large shocks, possibly interacting with each other, would disrupt the recovery..
Falling trust in national governments and lower confidence by voters in the political systems of many countries can make it more difficult for governments to pursue and sustain the policy agenda required to achieve strong and inclusive growth.”
Question for you homegamers: if you have a decent job and prices are stable, why do you need growth?
Any form of government healthcare program is going to piss off the likes of Rand Paul and libertarians. I’ve always hated our healthcare system, far before Obama made it worse.
The God damned problem is the drugs. If they’d force profit margin caps on drugs, like they used to on military equipment pre 9/11 (15%), prices could be controlled. Anything short of that is Obamacare lite.
Rand Paul is out tweeting the Trump healthcare plan is complete shit and will not pass.
Th House leadership plan is Obamacare Lite. It will not pass. Conservarives are not going to take it. #FullRepeal
