Fed’s Bullard is Against Anymore Rate Hikes for 2017

While we were all rejoicing over the GOP saving Obamacare on Friday, Fed’s Bullard said some pretty crazy things, such as not wanting to hike anymore for 2017.

His views conjoin with Fed’s Kashkari, who wants to discuss winding down the Fed’s balance sheet before hiking. I mean, that makes sense right? Wind down the balance sheet before your hikes incur actual losses on your own balance sheet is not a very outlandish thing to do. Alas, the Fed is run by a crazy woman — but opposition is starting to materialize.

“I think it is potentially overkill,” the St. Louis Fed president said Friday, referring to the central bank’s projection for future rate increases. “It’s not necessary to raise rates that quickly if the goal is to keep inflation near target and keep unemployment between 4.5 and 5 percent,” he told reporters in Memphis, Tennessee.

“We do not need to be preemptive in this situation,” Bullard said. “Some of my colleagues seem to think you really have to get out in front with a faster pace of rate increases in order to keep inflation and unemployment where they are. I don’t think you have to do that. I think you can take much more of a wait-and-see posture.”

Unfortunately, Bullard isn’t a voting member this year, so he words aren’t meaningless fodder. In the event sanity crept back into the Fed and a more easy policy persisted, that would be very bullish for gold, oil and other commodities.

The noose is tightening Obamafags. While you occupy yourselves by injecting heroin into your scrawny arms at one of your Antifa meetups, AG Sessions is preparing the groundwork to end the legacy of King Obama — sending him barreling towards a scandal far greater than anything Nixon ever did — crushing and poleaxing any hopes of rejuvenating the broken status of the democratic party.

Here’s Tony Shaffer, former senior intelligence officer at the CIA, saying that the wiretapping scandal against Trump is ‘orders of magnitude’ worse than Watergate — alluding to Bob Woodward’s comments made earlier this week describing the offenses as being ‘felony level’ crimes that might wreak havoc throughout the former Obama administration.

“This incidental, it’s accidental on purpose.’

The unmasking of Trump and his cohorts means they specifically targeted him and his team. The political appointees at the CIA, aka black hats, aren’t laughing anymore.

Meanwhile, continue to bask in your Obamacare victory. I’m certain the people will appreciate it going forward — as it cascades and cracks asunder amidst financial failure in the near term.

The clash between antifags and Americans has commenced, starting with low level violence.

Absolute unrest at the #MAGAmarch, anti-Trump protestors defending themselves while being ganged up on by Trump supporters. pic.twitter.com/7c8xu0J7N3

— budo (@hectorarzula) March 25, 2017

Trump supporters chant USA and waive evil flags. What Nazis.

Resounding 'USA' and 'TRUMP' chants #MAGAmarch pic.twitter.com/ZApyeoBGzX

— budo (@hectorarzula) March 25, 2017

Trump supporters force their way through the anti-Trump assembly #MAGAmarch pic.twitter.com/lfp8YqDbLt

— budo (@hectorarzula) March 25, 2017

Tasers, insults, and shoves from the #MAGAmarch as they push through the anti-Trump protest. pic.twitter.com/pLx2OoOD7a

— budo (@hectorarzula) March 25, 2017

A peaceful pro Trump rally was underway in Philly this afternoon, but was soon canceled after ANTIFA anti-democratic, anti-American thugs converged on the scene — clashing with Philly cops, who unlike those in Berkeley, showed no problem cracking heads when deemed appropriate.

ANTIFA chants "anytime…any place…punch a Nazi in the face" as they shut down a Pro-Trump march. pic.twitter.com/GxuRLjy8Sc

— Based Vet ?? (@BasedVet) March 25, 2017

Watch this @PhillyPolice officer hit this protester with his bike out of nowhere pic.twitter.com/uZ3Qt91FkH

— Joshua Scott Albert (@jpegjoshua) March 25, 2017

Tense pic.twitter.com/dhUkm4HnzS

— Joshua Scott Albert (@jpegjoshua) March 25, 2017

Things escalating pic.twitter.com/xwpyz5Netb

— Joshua Scott Albert (@jpegjoshua) March 25, 2017

Protesters celebrating the march being canceled pic.twitter.com/TMzcdBlYJr

— Joshua Scott Albert (@jpegjoshua) March 25, 2017

And here was the fledgling pro Trump rally that was canceled due to security concerns.

Cop says Antifa is, "rushing over here", says March in Philly is done https://t.co/DxFpojg2Q2

— D ? (@dcllive1) March 25, 2017

Pro-Trump March Underway In Philadelphia pic.twitter.com/dBfZR6LqK3

— Breaking911 (@Breaking911) March 25, 2017

The head conspiracy theorist has surrendered to a cadre of heavy hitting D.C. lawyers, employed by the humble pizza parlor keeper, James Alefantis.

Earlier this week, Alefantis’ former gay lover, David Brock from Media Matters and Shareblue, suffered a heart attack. Today, Alex Jones had a change of heart, especially in light of recent events that has placed Infowars.com in Facebook’s fake news genre and Adroll refusing to do business with him — likely due to his political leanings and fake news label, placed on him by the leftist media.

Here’s Jones apologizing several times to James Alefantis and Comet Ping Pong and anyone else he might’ve offended.

This video is, all of a sudden, trending on Youtube — #28 and rising.

It’s over.

Here is one of the more prominent Pizzagaters, David Seaman, responding to Jones’ apology.

There’s bound to be some winners in light of this failure. Repealing Obamacare was a major tenet in the Trump agenda. Ergo, Wall Street had been pricing it in since election night.

Let’s have a look at some stocks that outperformed today — in order to build a list of potential buys on these developments.

$CYH
$BPMC
$AAOI
$ACHC
$CNC
$TGTX
$EVH

Part of the problem with buying the above names is that they’ve already risen by extreme amounts since the New Year. It’s almost as if Wall Street had anticipated this failure.

Here are some laggards over the past 6 months which rose today off the healthcare news.

$DXCM (diabetes, think poor people on Obamacare)
$HURN
$KND
$THC
$ELGX
$ALDR
$FPRX
$BNFT
$MOH
$OPK
$NVCR
$AKRX

Some notable ETFs include $IYH, $BIB, $IBB, $XLV, $VHT

I can only smile about this for a second or two — because I know the true losers in this charade of D.C. politics are the American people. Obamacare is failing and will get worse. Premiums are soaring and big pharma and hospitals are milking it for every last cent.

Sure, this failed attempt to repeal and replace Obamacare is a setback for Paul Ryan and his GOPshills. Trump doesn’t exactly win, other than to make his enemy, Paul Ryan, look like a complete jackass. The stock market should like this — because it means more welfare, more money for big healthcare. Hence, their share prices should continue higher — as they feed off the government tit.

The losers in all are the aspirational class, the plebs making $150-250k per annum, living in Mcmansions, trying to raise a family. This is an easterly wind for them and I don’t think they deserve this level of incompetence by their government.

In a press conference following the failed passage of the Ryan bill, Trump placed some of the blame on democrats, saying they didn’t give a single vote. Then his killer instincts kicked in and he declared, several times, that Obamacare would ‘explode’ — taking with it government healthcare as we know it.

A visibly disappointed Paul Ryan took questions today, after failing to get a consensus for his healthcare bill — which received acrimonious opposition in the GOP’s ‘Freedom Caucus.’

Ryan said Obamacare architects might be happy now, but they won’t be after seeing how it devolves into failure.

“We were doing architects of Obama a favor. By passing this law before it gets even worse. I guess that favor is not gonna be given to them and it’s gonna get worse.”

Over a third of the counties in America have just 1 plan left. For now, Obamacare is ‘the law of the land for the foreseeable future.’

Moving on, Ryan said they want to tackle easier aspects of the agenda, such as securing the border, rebuilding the military, infrastructure and tax reform.

I suppose this can be construed as bullish for healthcare stocks and also infrastructure and tax reform plays. With healthcare in the rearview mirror, President Trump can aggressively pursue other issues more central to his agenda, such as border control, tax reform, trade and infrastructure.

This is the beginning of the end for Paul Ryan — head swamp creature inside of the GOP. This healthcare bill never stood a chance. As such, the freedom caucus was deployed by a 9d chess playing Trump to disjoint and then dismantled support for Ryan’s bill. The subsequent result has been a cancellation of the vote — because Ryan was set up and was barreling towards an embarrassing defeat.

Stocks responded mixed. Beaten down healthcare stocks rebounded — since more Obamacare means more patients for your local hospital.

$CNC, $HCA, $EVHC and $UHS are standouts. It might be worth looking at some beaten down drug stock — which were taken down under the guise of a strident opposition against their pricing prowess.

On my watchlist include $TEVA, $ALXN, $REGN, $GILD, $BIIB and $PRGO. Hell, maybe even $VRX catches a wave.

In all, the first act of ‘repeal and replace’ Obamacare has failed. Hopefully, we can circle back to this nonsense after the important stuff is accomplished — leaving in place a failing program that is withering away at the fabric of the democratic party with every passing day.

I’d hardly call this a rebellion against the Trump agenda. Healthcare is very specific and a failure here will not affect tax cuts, the wall, or infrastructure spending.

The Dow is off by 100, after opening up around 50.

On the downside are Trump plays, such as steel/iron, aluminum, copper and the trannies.

On the upside are movie theatres, semis, airlines and hospitals.

Shares of $CYH, $HCA and $THC are barreling ahead on the prospects of more Obamacare.

NOTE: The healthcare vote has been suspended at the request of the speaker.

UPDATE: Stocks are since reversed and are ripping on the Ryan fail.