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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

Friday Night Everyone Trump Ever Knew is a Russian Spy Edition: Jared in Turmoil

The Washington Post and Reuters are out with new salacious scandals tonight. To think I was going to head on over to the teevee to watch some nonsense. But no, the fake news media is in non-stop rumor mill mode, even on Friday’s.

Alas, this is something both conservatards and leftshits can agree on: FIRE JARED KUSHNER.

He has all sorts of fucked up ties. Plus, him and his wife are liberal demoshits, so we’d be wise to cull them from the White House before more harm is done.

Tonight’s manufactured scandal comes by way of Moscow (fucking shocker). I always assumed Kushner had shady ties with the Chinese, who are helping to finance his evil building, 666 5th Avenue. But the demotards would never besmirch their Chinese masters, so it’s more Russia.

Here is the scoop, via Reuters.

U.S. President Donald Trump’s son-in-law and close adviser, Jared Kushner, had at least three previously undisclosed contacts with the Russian ambassador to the United States during and after the 2016 presidential campaign, seven current and former U.S. officials told Reuters.

Those contacts included two phone calls between April and November last year, two of the sources said. By early this year, Kushner had become a focus of the FBI investigation into whether there was any collusion between the Trump campaign and the Kremlin, said two other sources – one current and one former law enforcement official.

Kushner initially had come to the attention of FBI investigators last year as they began scrutinizing former national security adviser Michael Flynn’s connections with Russian officials, the two sources said.

While the FBI is investigating Kushner’s contacts with Russia, he is not currently a target of that investigation, the current law enforcement official said.

The new information about the two calls as well as other details uncovered by Reuters shed light on when and why Kushner first attracted FBI attention and show that his contacts with Russian envoy Sergei Kislyak were more extensive than the White House has acknowledged.

Separately, there were at least 18 undisclosed calls and emails between Trump associates and Kremlin-linked people in the seven months before the Nov. 8 presidential election, including six calls with Kislyak, sources told Reuters earlier this month. Two people familiar with those 18 contacts said Flynn and Kushner were among the Trump associates who spoke to the ambassador by telephone. Reuters previously reported only Flynn’s involvement in those discussions.

Six of the sources said there were multiple contacts between Kushner and Kislyak but declined to give details beyond the two phone calls between April and November and the post-election conversation about setting up a back channel. It is also not clear whether Kushner engaged with Kislyak on his own or with other Trump aides.

FBI scrutiny of Kushner began when intelligence reports of Flynn’s contacts with Russians included mentions of U.S. citizens, whose names were redacted because of U.S. privacy laws. This prompted investigators to ask U.S. intelligence agencies to reveal the names of the Americans, the current U.S. law enforcement official said.

Kushner’s was one of the names that was revealed, the official said, prompting a closer look at the president’s son-in-law’s dealings with Kislyak and other Russians.

FBI investigators are examining whether Russians suggested to Kushner or other Trump aides that relaxing economic sanctions would allow Russian banks to offer financing to people with ties to Trump, said the current U.S. law enforcement official.

The head of Russian state-owned Vnesheconombank, Sergei Nikolaevich Gorkov, a trained intelligence officer whom Putin appointed, met Kushner at Trump Tower in December. The bank is under U.S. sanctions and was implicated in a 2015 espionage case in which one of its New York executives pleaded guilty to spying and was jailed.

The bank said in a statement in March that it had met with Kushner along with other representatives of U.S. banks and business as part of preparing a new corporate strategy.

So the whole Susan Rice unmasking fuckery comes back to us full circle. It is now revealed, via ANONYMOUS sources inside the CIA/FBI, that Kushner was talking to actual Russians. I mean, this is the gist of the charge. He also met with the head of one of Russia’s largest banks, who had ties to Putin. Because of this, the ‘intelligence agencies’ are trying to foment a conspiracy that Kushner was contacting these MUH Russians to help finance his evil building, 666 5th avenue, when in fact the Chinese are already doing that.

What do we have here? A whole lot of subterfuge, promoted by people who hate Trump and want to see him DIE IN JAIL. It’s important to note the all of these leaks are being done with malice, not for the benefit of the country. Those fuckers on capitol hill have been wheeling and dealing since the country was founded. Now, all of a sudden, Trump is in office and they’re all monks, besides themselves with patriotic grief at the specter of calling a few Russian diplomats on the phone — which everyone knew could be tracked.

Sadly, this is a giant nothing-burger. The DNC and the “IC” are just making themselves to look like submental reprobates, with all of these moronic conspiracy theories.

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Describe to Me What’s Going On Here, Trumpsters

You idiots, look what you’ve done. Not only did you elect a sociopath into office, you also elected a malleable piece of putty who is being kneaded by Gary Cohn and Jared Kusher 24 hours per day. We might’ve been better off with the very bad and evil Hillary Clinton. Granted, the degenerate left would’ve won and praised their criminal as she ascended into her Luciferian throne. But at least we wouldn’t need o read articles like this.

Gary Cohn is your President now, straight from the C level suite at Goldman Ballsachs. He literally said Trump was a moron and went to Europe to be schooled on global warming. Then he told the coal miners to fuck themselves. Goldman like natural gas more. Lastly, the Pope and France’s Macron are bitch slapping him every chance they get — forcing Trump to like windmills and renewable fuels.

THIS IS EMBARRASSING. MAKE IT STOP.

President Donald Trump views on climate change are “evolving” following discussions with European leaders who are pushing for him to stay in the Paris climate accord, a top White House official said Friday.

“He feels much more knowledgeable on the topic today,” said Gary Cohn, Trump’s top White House economic adviser. “He came here to learn, he came here to get smarter.”

European leaders have used Trump’s stops on the continent this week, including at the Group of 7 meeting in Sicily, to launch a last-ditch campaign for Trump to stay in the climate accord. Nearly 200 nations agreed to the 2015 pact aimed at reducing carbon emissions.

Cohn hinted at that prospect as he briefed reporters Thursday night as Air Force One flew from Brussels to Sicily, the final stop on Trump’s trip.

“The last levels we put out in the Paris agreement were levels that would be constraining to our economic growth,” Cohn said. “But then you get into the whole discussion on Paris, is it non-binding, is it not non-binding, can you change your levels, how easy is it to change your levels.”

In a striking comment given Trump’s support during the campaign for American coal miners, Cohn also said “coal doesn’t even really make that much sense anymore as a feedstock.” He singled out natural gas as “such a cleaner fuel” and also noted that the U.S. could become a “manufacturing powerhouse” by investing in wind and solar energy.

A senior French official said Macron and Trump spoke at length about the Paris agreement — at Macron’s behest — when they met for lunch Thursday. There was no “disagreement” over the accord itself, the official said, but there were “differences” about how to apply it.

Macron, the newly elected French president, was critical of Trump’s threats to pull out of the Paris deal during his own campaign. In a dig at Trump, he invited American climate scientists who felt alienated by the Republican administration to come to France to work.

Even Pope Francis, who has framed climate change as an urgent moral crisis and blamed global warming on an unfair, fossil fuel-based industrial model that harms the poor the most, appeared to be sending a message to Trump. Among the three documents the pope presented Trump as a gift was his 2015 encyclical on the need to protect the environment.

Bring on President Hatch already.

 

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SHE’S BACK: Hillary Adorned in Cap and Gown, Tells College Grads Trump’s Budget is a Con and Cruel

This is splendid. Hillary addressed her alma mater, Wellesley College, telling the students how fucked up Trump’s budget was — because it didn’t include all sorts of spendthrift allocations into ruinous programs that have laid waste to the federal balance sheet over the past 15 years.

She said Trump was going after heroin addicts, retards, kids in school, and sowing division by pitting neighbor against neighbor. She called the budget an ‘unimaginable cruelty’ because it specifically went after poor people and the elderly.

MORE IMPORTANTLY, Trump’s refusal to bend the knee to the environmental mafia can only mean he’s a grave danger to the country and the world.

Oh, and his budget is also a trillion dollar mathematical illusion, a parlor trick, sort of like all of the polls that showed her up by 5 points the night before the election.


Hilldawg, talking shit

Not a single god damned man on that stage.

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Booked Some Gains in $GLD, $TLT; Went Long a Boat Load of Stocks

Whether I liked it or not, I had to make some moves today — based off the model that I built. I sold half of my TLT/GLD positions, which represented 20% of my holdings. In its stead, I bought 11 stocks, stretched across the 8 principle sectors (details in Exodus).

The top performing market cap quintile was $10-50b for the week. As such, the criteria of my screen was applied to those market caps.

I will reassess next Friday, which will inevitably mean many changes will be made, since stocks are chosen with an emphasis on chasing alpha. What that means for community members, I bought the top hybrid ranked stocks in each respective sector.

Winship ahead.

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Trump Has Done Nothing, Bonds Are Super Low Yielding, Oil is in the Tank, Yet Stocks Are At Record Highs

Listen to me. Trump is busy pushing cucked leaders out of the way, dodging impeachable offenses, getting bogged down by leakers and deep state shills. I don’t mean to be negative now, but none of his grandiose plans have panned out, thus far. Granted, many of the roadblocks are the evil congressmen and judges getting in his way. Nonetheless, the fact remains, ZERO of his high octane economic plans have been passed. His healthcare plan is a fucking debacle. He’s proven himself to be a neocon shill, through and through. But we like him because we hate the degenerate, immoral, left.

That just about sums up America today. Politicians are elected and supported because people hate the other guy more.

The idea behind Trump was inflation, strong dollar, higher yields.

Guess what? The real Trump trade was bitcoins.

Back on planet earth, basic resources and retail are embedded in horrible bear markets, bond yields are low as shit, yet silicon valley is thriving. Something will give.

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AMERICA FIRST: Trump Pushes Montenegro PM Out of the Way

The newly minted member of NATO got a cold dose of Trump yesterday — with the President bogarding his way to the front of the pack for a photo op. Truth be told, Montenegro isn’t even a real country. It’s filled with nothing but subhuman slavs and gypsies, undeserving of photo ops. He should’ve scattered away like the rat and chew on a piece of rope or cheese, instead of attempting to stand in front of Emperor Trump.

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GOOD MORNING LADS: ARE YOU READY FOR STOCKS TO GIVE IT UP AGAIN?

Stocks head into Friday’s open with a strong tailwind behind it. If things remain as they are, it would be the first week in three that stocks outperformed both gold and bonds. Year to date, gains have been quarantined in mega cap sectors — leaving smaller, higher beta stocks, pissing in the wind.

Oh, you think I’m fucking with you?

Observe. Pay attention to this.

Stocks with market caps over $50b, 170 of them in all, have returned +9% for the year. The composite market caps is upwards of $21 trillion.

If invested in stock with market caps of $50b and below, gains shrink to a paltry 1%. The universe includes almost 3,900 stocks with a composite market cap of $16 trillion.

God forbid we decided to invest in stocks with market caps of $5b and lower, we’re be down for the year.

Having access to the Exodus platform, I am able to dial down to see where the issues are found. Small cap stocks have performed miserably for the year. So my point is this: if you’re not modeling to larger cap stocks in your stock picking routines, you’re playing yourself, more or less.

European stocks are moderately lower, by 0.55%. Gold is pressing gains of 0.74% and futures are flat.

Stocks performed admirably this week, particularly in the large cap sectors. I am obliged to execute trades today in a sundry of stocks, according to my model. I will review it this afternoon, hoping to not be disappointed again by an equity drawdown, which would prevent me from having some fun. Judging by the early pin action, it looks like risk off might prevail today.

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Greg Gianforte Crushes Opponent in Congressional Run-Off, In Spite of Body Slamming Reporter

The vapid taste of loss must get repetitive for Democrats in America. In spite of the scandals, the Russians, and John Podesta’s email box being the laughing stock of the entire world, they keep losing. The Republican candidate for Congress, Greg Gianforte, grabbed a reporter from The Guardian, Ben Jacobs, by his neck, body slammed him to the ground, and then pounded on him — Saul Rosenberging his glasses. Yet, on election night, despite the negative press, the good people from Montana voted in droves for Gianforte.

With 84% of precincts reporting, Gianforte had 172,743 votes — or 50.4% of the vote, compared to Quist who has 150,007 votes, 43.8% of the vote, according to Edison Research.

It’s embarrassing, really.

Being the rugged gentlemen that he is, Rep. Gianforte apologized tonight, just before he graciously accepted his win.

Here’s how the rural folk felt about the whole body-slamming ordeal.

Via CNN:

“We whole-heartedly support Greg. We love him,” said Karen Screnar, a Republican voter who had driven all the way from Helena to support Gianforte. Screnar said she and her husband have known Gianforte for the better part of a decade. After Gianforte was charged with misdemeanor assault, Screnar said she was only “more ready to support Greg.”

“We’ve watched how the press is one-sided. Excuse me, that’s how I feel. (They’re) making him their whipping boy so to speak through this campaign,” Screaner said. “There comes a point where, stop it.”

Her husband, Terry, chimed in that he believed Gianforte was “set up.”

The left argues that the GOP is an out of control train-wreck, being led down wayward paths by Trump-Hannity and now Gianforte. Drama aside, even if that was true, what’s more alarming is the fact that people are so sick of establishment politics, they’d rather vote for a man who punches reporters in the face, rather than cordially declining his questions.

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OIL HAS BEEN UTTERLY DESTROYED FOR MY BIRTHDAY; THE GODS HAVE SPOKEN

Out of all things, this is my favorite birthday present. WTI crude plunged by more than 5.7%, amidst tumult and turmoil. OPEC members agreed to continue their idiotic supply cuts through the first quarter of next year. This had a deleterious effect on the sick and perverted minds of traders, who were expecting everlasting cuts, rigged markets, perfidious men in nightgowns making them rich by starving out their own people.

“Let the oil flow and flow with vigor, along with it the blood”, a great unnamed source once told me.

Subsequently, oil and gas stocks hit rock bottom today, entirely fucked, entirely without respite. This is an industry without a purpose and it has been tossed out like red meat to a pack of starving wolves. Not before long, I expect this disease to spread and permeate every orifice of the market — even bitcoins, which, incidentally, underwent a most heinous reversal in fortune today.

On the plus side today was retail and airlines, a flawed and imprudent trade — one with a very short expiration date affixed.

As for me, my model demands discipline and I’ve been stuck with 80% of my assets in cash, 20% in GLD and TLT. If stocks outperformed risk off assets by tomorrow afternoon for the week that just passed, I will then reduce my TLT/GLD positions in half and allocate 70% of my assets into a diversified portfolio of stocks beholden to the tenets of fundamental analysis, curated by using technical factors inside Exodus that is destined to send all of you shit talkers in my comments section to an extended period of forlorn supplication.

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