Why am I still in cash? I’m appropriating myself according to the tenets of proper decorum, attempting to re-enter the market like a hero returning from the scourge of war. In the meantime, the overall condition of the tape continues to bore — which is likely a good thing.
As expected, basic materials are bouncing today with excellent participation rates. Exodus demonstrated a very low score for the sector last week, especially in gold. Bargain shoppers are diving back in today.
You’ll want to be out of this trade by the time that oscillator hits the high end of the range. In the interim, there are many bargains to scoop up here — following an 8% overall sector pullback.
I’ll wait just a little more for the broader indices to firm up before diving back in. I’m not bearish, at all — just patient.
Market breadth stands at 62% today — meaning we can go either way now. The recent bias has been to the downside. Let’s see if breadth can firm up into the 70% range. If so, we’ll likely rally into the close and possibly set up for a good week for traders.
Scotland’s leader, Nicola Sturgeon, said she was going to prepare the groundwork for a second independence referendum — after losing one miserably in 2014 by 10%. The causation for this level of absurdity is due to the UKs decision to leave the EU.
What Nicola intends to do is trade one master for another. The Scottish people weren’t born to be free — instead opting to be subjugated by England or in this case the empty vessels in Brussels.
Clearly, she is a stooge for the EU — a point of leverage for Germany and her friends. It appears, however, the U.K. isn’t thrilled about this decision.
The evidence clearly shows that a majority of people in Scotland do not want a second independence referendum,” the U.K. government said in a statement. “Another referendum would be divisive and cause huge economic uncertainty at the worst possible time.”
The market is literally laughing at the Scots now, bidding up the pound by 0.44% v the dollar.
This is a brilliant acquisition by $INTC. Now some of you might say ‘that’s madness buying $MBLY for $16b, why that’s 40x sales.’ Yeah but so what.
More to the point, instead of wasting money on idiotic buybacks, the company is taking out a Yolo trade with MBLY. They’ll be able to scale the business and the tech far greater than anything MBLY could’ve done on their own. Self driving cars, apparently, is the future. With this acquisition, Intel lo but assures themselves a dominant position.
The acquisition price is upwards of 30% higher from the Friday close.
In spite of MBLY fetching for such an ornate price tag, the company had been growing and will help Intel in that regard, even if the overall effect is nothing more than a rivulet in a larger body of water.
With approximately 15% of the shares short or anywhere from 20-25m shares, a sundry of bears stand to get castrated today. This stock had been a bear favorite due to valuation. The timing of this acquisition coincided with a weak overall market — meaning there’s likely an elevated amount of shorts stuck in the stock now.
A young girl named Shree chimped out on the White House Press Secretary, Sean Spicer, the other day for merely existing. Lacking all of the basic rules of decorum set forth by thousands of years of evolution, this young lady tossed barbarous questions at dear, sweet, Sean — asking him how it felt to work for a treasonous Russian racist fascist bastard, replete with orange tones and idiotic red hats.
It wasn’t long before Sean tucked tail and ran out of the store — likely to cower underneath his silk sheets for having met face to face with such primordial barbarity.
BEHOLD THE Troglodyte!
Shree penned an explanation of sorts for her trespasses — accusing Mr. Spicer of threatening her with his racist ways.
“Such a great country that allows you to be here.”
Indeud.
“Have you helped with the Russia stuff?” “Have you committed treason, too?” “You know you work for a fascist, right?” And, “Do you feel good about lying to the American people.”
It’s imperative that Wall Street be afforded the opportunity to pile up investment banking fees in China — before the whole kit and kaboodle goes bust and the Chinese reinvigorate the ancient ritual of cannibalism to fend off mass starvation.
In light of the fact that worldwide debt to gdp has exploded to near unsustainable levels (US 105%, Japan 229%, Italy 133%, Portugal 129%, Singapore 104%, Spain 99%, France 96%, Ireland 93%, Canada 91%, UK 89%) — China’s mere 43% debt/gdp offers our beloved banksters with wanton levels of opportunity. Most of the low debt/gdp nations are third world shitholes — who are completely reliant upon globalist schemes to uplift their standard of living enough to make their credit marketable. But the Chinese are ready now and several of Wall Street’s finest banks are prepping the grounds for massive issuance.
Deutsche Banks sees the Chinese bond market expanding my a staggering 27% this year — equal to its GDP. That’s awfully ambitious, especially given the fact that foreign owned Chinese debt has shrunk in recent years.
“There are a lot of developments in recent weeks for hedging,” said Chia-Liang Lian, head of emerging-market debt at Western Asset Management. “It makes it very constructive in terms of the outlook for onshore investments in China.”
Part of Wall Street’s plans is to give investors FX protection via hedging tools. The PBOC are working towards meeting the demands of foreigners, in order to take their money.
“The PBOC will definitely improve arrangements of related regulations, such as law, accounting, auditing, tax and credit rating, and create a more convenient and friendly environment for overseas investors,” Pan said. “We’ll need to communicate more with overseas investors in this process. I don’t think this is urgent. We’ll do it step by step.”
In the onshore corporate bond market, both JP Morgan and BNP Paribas just joined Standard Chartered PLC and HSBC as the only banks permitted to sell ‘panda bonds’ in the country — yuan based debt to Chinese investors. That too is a ripe market for growth, with overseas banks representing just 2.8% of the issuance in China last year.
“Foreign underwriters have an advantage over Chinese counterparts in helping foreign companies tap China’s bond market because they know overseas clients a lot better,” said CG Lai, the Greater China head of global markets at BNP Paribas in Shanghai.
Geert Wilders is the favorite to win the elections in the Netherlands in about 3 days and may one day become their new leader — running on a blatant anti-Islam platform — pushing forth the narrative that Islam is anti-human rights, anti-democratic, and invokes violence amongst ardent followers of the faith. Over the past two days, relations between the Dutch and the fucking Turks have deteriorated because the Turks wanted to hold political demonstrations in the Netherlands, as part of their effort to appeal to the 5.5m Turkish citizens living in Europe, in order to pass a referendum on April 16th that will convert Turkey into a ‘Presidential republic’ from its current parliamentary system.
Both Netherlands and Austria have told them to fuck off.
The Prime Minister of Turkey, Binali Yildirim, held a campaign rally himself in Germany on Feb. 18th — much to the delight of Merkel.
Bear in mind, foreign-led protests are in fact banned in Turkey — yet Erdogan is out calling “the west”, specifically the Netherlands, as being nazis and fascists — because they’re uninterested in having foreign nations campaign inside their borders.
“I have said that I had thought that Nazism was over, but that I was wrong. Nazism is alive in the West”, said Erdogan.
Turkey’s PM, Binali Yildirim said “This situation has been protested in the strongest manner by our side, and it has been conveyed to Dutch authorities that there will be retaliation in the harshest ways … We will respond in kind to this unacceptable behavior.”
Meanwhile, Erdogan said Turkey would continue acting belligerent towards the Netherlands, asking the UN to apply sanctions too until they apologized (lolz). The Dutch PM, Mark Rutte, did not offer one — instead diagnosing Erdogan with a mental disorder.
“This is a man who yesterday made us out for fascists and a country of Nazis. I’m going to de-escalate, but not by offering apologies. Are you nuts? This country was bombed during the Second World War by Nazis. It’s totally unacceptable to talk in this way.”
Here’s Geert laying down the gauntlet on Erdogan, saying they’ll never become a member of the EU — because ‘they are no Europeans.’ He added human rights were incompatible with Islam, saying Erdogan was a ‘dangerous Islamicist who raises the flag of Islam.”
“We do not want more, but less Islam, so Turkey, stay away from us.”
The subsequent result of this acrimonious back and forth has been riots in Rotterdam, which the Dutch police responded to strongly.
More than 400,000 Turks live in the Netherlands. Protests and riots were rampant in Rotterdam last night.
Dutch police controlled the crowd using dogs, water cannons, mounted police, and hard sticks.
In footage captured by CNN Turk, a Dutch dog took a nibble out of an unruly protester.
Meanwhile, in Istanbul, Turkish authorities have cordoned off the Dutch Embassy due to ‘security concerns’ after a night of loud egg pelting protests.
But some enterprising lad did manage to slip through the tight security to hoist the Turkish flag over the Dutch Embassy, amidst chants of ‘Allah Akbar’ reverberating in the background.
It’s amazing to see almost everyone use Twitter for great benefit except Twitter themselves.
Yesterday the CEO of $TSLA, Elon Musk, was discussing energy with Michael Cannon-Brookes, Co- Founder of Atlassian, ticker $TEAM, about his shit continent’s problem with rolling blackouts and then proposed to fix it in 100 days or it’s free!
Brookes said ‘you’re on mate’, went on to drink a large blue can of Foster’s beer, and then went to sleep.
Elon the nerd even quoted him the price it’ll cost them to enter the 21st century of reliable energy generation.
He later updated Brookes, who was likely dead asleep from all of the ‘Kangaroo punch’ he’d been drinking earlier.
Then Elon spoke to Crocodile Dundee himself, Malcolm Turnbull, the flaccid leader of Australia — saying that he was very excited to work with savages from ‘down below’ in an effort to provide them with enough power to keep their small beer refrigerators icey during the blistering summer heat.
As Elon was negotiating billion dollar deals on Twitter, the CEO of Twitter, Jack Dorsey, was probably trying to figure out ways to piss half his user base off by shadow banning conservatard thinkers.
This wasn’t designed to be an Obama hate thread — but it may very end up being one. I didn’t head into this midnight post thinking ‘let’s shit on Obama the community organizer.’ But the fact of the matter is, Obama and his team of polyops and lawyers were fucking clowns compared to Trump and his cabinet of bosses. I want you to understand that before you demean any of his cabinet picks. They are business leaders. Ergo, they will do things for the economy that will help growth.
Listen to this interview with the humble guacamole salesman from Brooklyn, Jim Cramer and the chief of $UTX, Greg Hayes. Your position on the market or your emotionally driven biases are meaningless subterfuge. Just shut up. This man is giving you insight into his capstone. As investors of the market roaming about the corridors of the pyramid below, you must obey, else get eliminated.
Business is booming. Hayes praised the President’s open door policy, his approach to economic policy, tax and infrastructure plans, and repatriation of cash held overseas are all conducive policies that will promote growth and job creation.
Unlike the failing retail outlets who bend to the caprices of Ivanka Trump protestors, American industrial leaders understand what’s is transpiring here — out with the old, onerous, policies of Obama — in with the pro-American, pro-growth, anti-shill policies of Trump. It’s worth noting, important business leaders have been showering the new administration with praise — much of which has gone unreported in the main stream media — who are seemingly obsessed with neocon inspired Russian nightmares. Just last week, the heads of both JP Morgan and Dow Chemical offered salutations and appreciation to the Trump admin for waking up ‘animal spirits.’
UTX has had a nice run as of late.
Interestingly, based on seasonality data compiled over the past 46 years, the month of April is just about the best month to own the stock — with a win rate upwards of 65%.
Other industrials, of a similar ilk, that might benefit from this rising tide include $HON, $ROP, $PH, $CMI, $ROK and for aggressive investors maybe $USG or an $AWI.
Written by Steven Knight, who also writes for Peaky Blinders, starring Tom Hardy, Taboo is a dark tale of vengeance and high level chicanery. It reminded me of my favorite book of all time, The Count of Monte Cristo — a labyrinth of plotting by the main protagonist that never ceases to amaze.
During the series, Hardy plays a violent drunkard who had been away in Africa for over a decade, presumed dead, only to come back wealthy and with designs of biblical level vengeance — taking over his deceased Father’s company that had 1 redeeming quality: land in North America.
During the duration of the series, there is a dizzying array of chess moves being played out for this property, by the East India Company, the British Crown and the Americans.
After a few episodes, you might grow a little tiresome of his obsession with his half sister — wantonly promoting incest. Eventually it takes a back seat and the true essence of the show is revealed — leading up to an epic ending that is sure to get Taboo a second season.
If you like dark, sinister, testosterone driven shows, this is for you.
What new shows out there do you recommend that I see next?
Restive cerements of the left have given pard-like support for the CIA — believing the motives of the heralded agency to be only just and honorable, in spite of all of the evidence suggesting otherwise. Hysterically, it was the left who’ve always been reticent about the motives of the CIA. According to a poll done by the WSJ/NBC, support for the CIA is soaring in recent months, alongside cognitive dissonance — due to ephemeral dreams of deep state coups being plotted against the Trump regime.
Enter former liberal Congressman from Ohio, Dennis Kucinich (D) — disclosing the fact that he was wiretapped in 2011 and only learned about it after the Washington Times let him listen to the surveillance tape. Let that sink in for a moment.
He went on to warn Congress that this is happening and they shouldn’t dismiss the notion that candidate Trump was being spied on, illegally or unethically, just because of their unwavering and irrational fealty to the vainglorious efforts of the CIA, the venerable nostrum for all of their sorrows and long lost dreams of a utopia — dashed and cracked asunder by a populist movement blowing the hot coals of discord.
