Here Are the Best and Worst Performing ETFs Over the Past Week

Hurry up and get into this clown cars.

Here are the top performing ETFs over the past week, according to Exodus.

GBTC +132%
JNUG +22%
LABU +15%
NGE +12.6%
SIL +10%
GASX +8%
JPNL +7%
NUGT +7.4%

And here are the losers.

JDST -21%
LABD -14%
HAKD -13%
GAZ -11%
GHE -11%
DUST -8%
DSLV -7%
FRAK -6%

The MSCI Momentum Index just rallied 11 days in a row, through Friday, making it the longest winning streak since 1992.

Back then, teenage Le Fly was busy drinking malted liquor, acting incredulous, sashaying (no homo) throughout his High School hallways in search for hedonism.

Today, I sit here talking to you fucking retards. It’s not fair, but it is what it is.

Gains in the MSCI index were buoyed by S, ADKS, BBY, VEEV and MU. Out of 125 stocks, just 14 declined.

We’ve entered into a market phase of ‘calm normality’, a tranquility not enjoyed since the wondrous days of 1928.

“This type of thematic has a history of unwinding in a violent manner,” Chad Morganlander, a money manager at Stifel, Nicolaus & Co. in Florham Park, New Jersey, said by phone. The firm oversees more than $220 billion. “This burst of momentum is being driven by searching for consistent growth. The herd is moving into that direction and valuations are toppy.”

Fuck you, Stifel.

The average PE for the MSCI is 30, which is roughly 39% higher than the S&P 500. While that might sound frightful, it’s also so delightful.

There’s a lot of idle chatter of markets being on the precipice of complete and utter disaster. With so many traders trapped in evil ETFs, implementing margin to boost gains, I can’t see any way this ends badly.

If you’re not paying attention to the temperature of the water, you soon might find yourself gently dozing off and then onto the dinner fork of a cannibal trying to eat you.

For the 5th week out of 6, both gold and bonds have measuredly outperformed stocks. The equity performance hasn’t been dreadful. As a matter of fact, to the layman, the underperformance to risk off assets is likely imperceptible —  but it’s there.

For the day both retail and banks are barreling towards rack and ruin, while robust gains are found in defensive sectors, such as gold, utilities and bonds.

Regarding gold stocks, the sector isn’t close to being overbought — according to Exodus.

As we drift into the genteel and balmy summer climes, how much gold do you own? If none, are you merely ignoring reality or simply trying to become a billionaire this year through unprecedented and cravenesque trading?

I recall the days of past summers quite vividly, always appraising the months ahead with juvenile optimism. I’d ignore all of the warnings given to me by older gents, who plainly told me to rent a beach house for the summer and forget about stocks. I was intent on becoming a billionaire right then and there, canceling family vacations, working late hours to figure out the market puzzle.

The weakness in the indices never resonated with me, since my bullish bias was strong and it blinded me to obvious facts. I’d say, now with the benefit of hindsight, that I should’ve taken those summer vacations — because the overall tenor of those months was dreadful and completely uneventful. I’d spend the balance of the year making up for lost ground — all because I wanted to press my spring gains through the low volume, dead summer months.

Top picks: GLD, TLT

Modest weakness in stocks this morning has led to a risk off trade,  buoying both gold and bonds.

Naturally, bitcoins are soaring too, nearing $2,900. The whole cryptocurrency craze has definitely stolen the rebel thunder from traditional gold bugs, who’ve been trying to disrupt the fiat currency racket for decades. They couldn’t because central banks hold too much of the stuff and have great influence on supply v demand, unlike Bitcoins and other faux currencies. The Fed cannot control it, which is why it’s on a runaway train.

Now we’re starting to get to a valuation that can become a problem for capital markets once this bag of shit explodes. When it was just Bitcoin trading on its own, sub $1,000, it was fun and games. But now, there are upwards of 700 currencies trading — all of which are total scams. We can debate the merits of cryptocurrencies, but I’d rather not.

Instead, I’d rather show you today’s most actively traded currencies, highlighted by a 500% lift in some shit called “verge.”

Look at those 7 day returns.

The other day I was listening to degenerate edm music on SiriXM, until the electronic broadcast was rudely interrupted by a drunken DJ, who then went on a brief rant about “investing in the internet” and how BTC and ETH was going to ‘fly’ and how he was going to take profits soon — once Bitcoin ‘broke $6k.’

Those fuckers don’t deserve to make 10x their money for investing in total shit. How did this happen?

Ever since the election, the regressive left, in conjunction with shills inside of the deep state, have been committing acts of treason — purposely trying to unseat the President of the United States via false allegations of Russian collusion. Nearly a year into ‘investigations’, none of the claims that they’ve made have borne any fruit.

The wastrels on Twitter have been used as tools in this operation to disseminate information for CIA and NSA traitors. Just today, AG Sessions brought charges against an NSA contractor, who will, most likely, DIE IN JAIL for committing heinous acts of sedition against her country. To be fair, it isn’t entirely her fault. The media is mostly to blame for brainwashing and coercing people on the left to ‘resist’ some imaginary boogeyman, by committing crimes to weaken a sitting President.

Bear in mind, none of these people have any real power. Both the democrats and the leftist media have been marginalized, either through the voting booth or income statement, because their message hasn’t resonated with most Americans over the past 8 years. Truth be told, most Americans simply want cheaper health insurance, higher paying jobs, peace and serenity; but we get none of that either.

Here are two of the more vocal anti-Trumpers on Twitter, @20committee (former intelligence community asshole) and @LouiseMensch (homewrecker, former MP in Britain, mentally un-fucking-stable) saying, in no uncertain terms, that the President of the United States would “die in jail.”

Any cerements of decency by these people was unmoored with the election results on November 8th of 2016. The hysterical animality, coupled with insipidly languid thinking, have led these people, heralding down an interminable path of ghastly destruction. The Whore’s of Babylon shall meet a mechanized ending of forlorn supplication for their garrulous acts of treason. God willing, all of them will, inexorably, and ironically, DIE IN JAIL.

Here’s Rep. Chaffetz, chair of the House Oversight Committee, saying he’d like to see the leakers in handcuffs and behind bars, in an interview earlier tonight.

NOTE: Like CNN’s Reza Aslan, the NSA traitor arrested today also called the President a ‘piece of shit’ on social media. It’s fine for normies to say these sort of stupid things. But it’s idiotic for someone with top level clearance to permit her emotions to cause her to make statements like this, which ultimately led to her comitting treason.

NSA Leaker Reality Winner was a member of #TheResistance with a top security clearance. Let that sink in pic.twitter.com/LsguAIZLfM

— Jack Posobiec ?? (@JackPosobiec) June 5, 2017

Here are the details of her arrest.

on June I, 2017, the FBI was notified by the U.S. Government Agency that the U.S. Government Agency had been contacted by the News Outlet [Intercept] on May 30, 2017, regarding an upcoming story. The News Outlet informed the U.S. Government Agency that it was in possession of what it believed to be a classified document authored by the U.S. Government Agency. The News Outlet provided the U.S. Government Agency with a copy of this document. Subsequent analysis by the U.S. Government Agency confirmed that the document in the News Outlet’s possession is the intelligence reporting. The intelligence reporting is classified at the Top Secret level, indicating that its unauthorized disclosure could reasonably result in exceptionally grave damage to the national security, and is marked as such.

The U.S. Government Agency examined the document shared by the News Outlet and determined the pages of the intelligence reporting appeared to be folded and/or creased, suggesting they had been printed and hand-carried out of a secured space.

The U.S. Government Agency conducted an internal audit to determine who accessed the intelligence reporting since its publication. The U.S. Government Agency determined that six individuals printed this reporting. WINNER was one of these six individuals. A further audit of the six individuals’ desk computers revealed that WINNER had e-mail contact with the News Outlet. The audit did not reveal that any of the other individuals had e-mail contact with the News Outlet.

The moment of her arrest:

On June 3, 2017, [Garrick] spoke to WINNER at her home in Augusta, Georgia. During that conversation, WINNER admitted intentionally identifying and printing the classified intelligence reporting at issue despite not having a “need to know,” and with knowledge that the intelligence reporting was classified. WINNER further admitted removing the classified intelligence reporting from her office space, retaining it, and mailing it from Augusta, Georgia, to the News Outlet, which she knew was not authorized to receive or possess the documents. WINNER further acknowledged that she was aware of the contents of the intelligence reporting and that she knew the contents of the reporting could be used to the injury of the United States and to the advantage of a foreign nation.

Trump is set to nominate Robert Jones chair, CEO of Old National Bank, Carnegie Mellon University professor Marvin Goodfriend and former Treasury Department staffer Randal Quarles to fill the three open seats on the Federal Reserve’s Board of Governors.

Both Goodfriend and Quarles are considered to be politically conservative and will serve as a poison pill for the ultra-left leaning Yellen. They’ve both been highly critical of the Fed’s approach to fiscal stimulus, dealing with the financial crisis, and may pave the way for Yellen’s eventual departure.

They believe the Fed should adopt a more ‘formulaic’ approach to policy — limiting the caprices of human judgment. We might as well have a ROBO-Fed and discontinue the Fed altogether.

“If you’re going to be transparent in an activity like the Fed, you have to be much more rule-based in what you’re doing,” Mr. Quarles told Bloomberg Television in 2015. He described the Fed’s current approach as “a crazy way to run a railroad.”

Christopher Whalen, the man who begged Bank of American to declare bankruptcy to ‘save itself,’ likes the change.

“Clearly, these appointees are a significant departure from the crowd that we’ve had on the board,” said Christopher Whalen, head of Whalen Global Advisors and a former investment banker and long-time financial analyst. “Yellen is probably the most left-wing Fed chair we’ve ever had. I also think both Quarles and Goodfriend have much better grounding in the financial markets. That would be refreshing.”

Krishna Guha, vice chairman at Evercore ISI, says the nominations would be hawkish for rates, which is the exact opposite of what Trump asked for (weak dollar, low rates) just a short while ago.

“Interestingly, these nominations would not on the face of it be consistent with the notion that Trump will seek to foster low rates and a weaker dollar by nominating doves,” Guha said in a research note. “Whether this is a strategic choice or an unintended consequence at a time when the administration is consumed by multiple dramas is hard to tell at this juncture.”

Brian Gardner, managing director at Keefe Bruyette & Woods doesn’t think Quarles and Goodfriend are ‘overly hawkish’, just a little more than the current cadre of fuckheads.

“I don’t think they’re overly hawkish, but probably slightly more than what is represented on the board right now,” Brian Gardner, managing director at Keefe, Bruyette & Woods, said of Quarles and Goodfriend.

Ultimately, a more conservative Fed means less regulations, especially for smaller banks, and higher rates — providing the economy can absorb them. This would be bullish for bank stocks, the dollar, and bearish for precious metals, bonds.

Finance media is obsessed with arbitrary milestones today, making a big deal about GOOGL’s ascension above the mystical price of $1,000. Just a week or so ago (don’t force me to remember), shares of AMZN broke through $1,000 — which of course means nothing at all. Alas, the catamites at CNBC and Bloomberg felt it necessary to report on these events.

Since it’s a slow news day and I don’t have anything in particular that I want to talk about, I felt I could chime in too.

Apple already split their shares like fucking morons, so they’re not included in this race. Both GOOGL and AMZN already eclipsed $1k, so they have a distinct advantage over the others — but don’t count them out just yet. There are some mean and lean insurance companies making a King’s ransom off the businesses of others. Let’s review the contenders to see who will, in fact, break through the all important share price level of one thousand one hundred first.

Jeff Bezos is now the richest man in the world

Google spies on you daily

Variable annuities, government risk insurance, based in Bermuda. Glorious pirates.

One day they hope to replace all surgeons, relegating them to the repair shop to mend to their robotic limbs.

Insurance for energy, marine and ag. Someone has to make all of the money, why not them?

Everyone is talking about GOOGL-AMZN-GOOGL-AMZN, I figured I’d liven the discussion and bring forth some other companies destined to break $1k to the upside. This has to be the easiest money ever made. Instead of the “100 roll”, like back in the old days — hoping for a play to $106, now we have the $1,000 roll and can maybe play it to $1,060 or more. How deliciously decadent.

What is Saudi Arabia’s end game here? By closing the only land border available to Qatar, essentially, they’re attempting to starve out the desert Kingdom.

#Qatar's diplomatic crisis is already threatening its economy and could impact food supply. #ABCTheWorld's @AuskarSurbakti has the details. pic.twitter.com/WOS55MpuAv

— ABC News (@abcnews) June 5, 2017

More than 40% of their food comes by land via Saudi Arabia. With the borders closed and the House of Saud closing both sea and airspace to Qatar, the people in Qatar have begun to panic, sending them racing to the grocery store for supplies.

Source: RT

As a desert state, Qatar produces less than ten percent of the food consumed by its people, according to research last year. In 2012, the country imported 99.5 percent of cereals, 83.4 percent of vegetables, 86 percent of fruit, 93.6 percent of meats, 95 percent of beans, and 100 percent of edible oil.

If forced to import food via sea or air, food inflation will be an immediate concern. This action by Saudi Arabia is an act of war, using siege tactics.

Due to the tension in #Qatar people are stocking the food. Supermarkets are litteraly getting emptied. pic.twitter.com/p2VM3pr2AF

— Sham (@ShamGKumar) June 5, 2017

Doha panicked residents rush to stock up on food anticipating fresh food shortage in Supermarkets & other outlets #Qatar #QatarCrisis pic.twitter.com/EENsf3lxus

— Shaik Hamdan (@shaik99) June 5, 2017

Stores are busy enough in #Doha, #Qatar during Ramadan. But #Saudi border closures and looming food shortages are an even crazier scene pic.twitter.com/Me3KgLryTD

— Allison Furlong (@AllisonFurlong) June 5, 2017

For all of the happenings, the equity markets really don’t give a shit. Think about all of the nonsense we’ve had to deal with over the past 5 years and juxtapose that against a chart of the S&P 500. Nothing. The last time investors got scared was early 2016, when China was dislocating amidst a capital flight. Since then, we’ve been steadily climbing, in spite of BREXIT, Trump, potential word war and all of the other daily fuckeries we’re regularly entreated to.

Case in point, Saudi Arabia, Egypt and several other gulf states broke ties with Qatar last night, sending the Qatari markets down by 7.2%. They claim Qatar is sponsoring terrorism and they’re not gonna take it anymore. Meanwhile, Qatar has 1,000 troops in Yemen, under Saudi command, helping to rout out terror there. The whole thing makes no sense, as Qatar is a very rich country, and a very close one to the United States, historically.

European stocks are gently lower and US markets might trade down 0.2% at the open. Again, nothing.

On the plus side is gold, higher by 0.4%. Crude is weaker and the dollar is rising v the euro.

There is a total disconnect between risk and perceived risk, in my opinion — which leaves the market very vulnerable to sharp downward pin action. But I get the sense traders are afflicted with the ‘boy who cried wolf’ syndrome, because they’ve been warned so many times before and nothing has ever ‘stuck’ to the market — at least not for a very long time. Amidst all of the tumult, the major indices, led by mega cap tech, drift, inexorably, higher.

Life has never been do meaningless for professional markets skeptics.