Healthcare Stocks Assert Themselves Higher, Amidst a Renewed Renaissance of Obamacare Ruins

Everyone loves a good story, especially a tragic one. The “yes we can” attitude of both republicans and democrats to give Obamacare failure another chance has become a reality. The foreboding easterly winds are howling again and the market loves them.

“That’s fucking crazy”, ponders the gentleman clothed in a top hat and monocle reading this article right now.

“Precisely.”

We’re living in an era of bailouts, a livid time and place when only small people get to fail and be reduced to rubble, whereas the big and systematic businesses and organizations plod along — succored — by taxpayers money. Obamacare will get bailed out, because that’s what we do. Our integrity was traded away a long time ago, replaced with a subservience to faux free markets, Ronald Reagan, and anything or anyone who opposed Nazis.

Subsequently, as expected, healthcare stocks raged higher today — leading the overall market from the black abyss towards sea level. Some might call today’s 60 plus point turnaround in the Nasdaq ‘miraculous’, but readers here know it was nothing but a day’s light work for riggers who rig.

$HCA, $UHS and $SEM led hospital care higher, while about two dozen biotechs up more than 5% led the drugs towards elysian.

Healthcare information systems spiked too. More patients, more paperwork. $MDRX, $CPSI and $CERN impressed to the upside.

Both gold and silver led everything higher, leaving only commodities lower — which is a temporary condition that will be corrected during tomorrow’s ‘turn around Tuesday’ trade. As an example, $CLF reversed all of its losses and will be closing higher — like a nice, well mannered, stock.

I expect markets will move higher tomorrow, through the rest of the week. If I wasn’t already 100% invested in $WLK, I’d buy $X, $TECK and other commodity plays now.

The energetic enthusiasm that enthralled the masses to go long infrastructure stocks like $CLF, $X and $CAT has faded like a bright star being eclipsed by the rising sun. Weak traders are getting blown out of these stocks, pressing most oil stocks into bear market territory for the year.

As a point in fact, commodity related stocks are materially lower for 2017, something often ignored by the incompetents at CNBC.

Here’s my custom commodity index inside Exodus, buoyed only by the precious metal stocks in it.

Here’s the most popular commodity ETF, $DBC, sharply lower into 2017.

The interesting thing about all of this commodity weakness is that it’s happening as the dollar gets slammed. This is not a traditional correlation, lending to the idea that the stocks have overextended to the downside and are overdue a reversion to the upside.

You cannot have a true market scare without the banks heading lower. To start the morning, banks are stealing the show, thanks to outsized losses in a sundry of popular bank stocks. Most people are simply baffled by it. But I know precisely why they’re heading lower.

It’s the yield curve stupid. The 10-2 year treasury spread has shrunk from 135bps to 111 in the past few weeks. That trend is starting to worry investors that the great margins they were to enjoy under Trump are about to dissipate and vanish from the field of play.

Banksters have been drinking a lot as of late, celebrating a purported feckless regulations under Trump. A new era of trading greatness was supposed to commence with the revocation of Dodd-Frank. But that doesn’t look like it’s going to happen anytime soon, does it? One truly gets to realize, in this anti establishment administration, the office of the Presidency is powerless against permanent government and an activist judiciary. If Trump goes along with their agenda, he’ll appear to get stuff done. If he wants to pursue his agenda, they’ll fight him tooth and nail.

Permanent government doesn’t want to ease up on the great extortion racket they have going with the banks just yet. As is the case with Fannie Mae and all of the fines they’ve extracted from Wall Street over the past 8 years, the government has profited handsomely by keeping the banks hostage and are very likely to continue doing so, in spite of what Trump wants.

Note the potential downside in bank ETF $XLF to where it was on election night.

Most of the post election dollar madness has been revoked. It makes perfect sense, actually. Trump want to spend money like a drunken sailor. To do that, he’ll need to borrow money. Hence, the perception is for easy monetary policy, in spite of what the Fed is saying.

Plus, there’s a lot of moving parts with European QE, perhaps coming to an end or maybe even a rate hike just around the bend. The dollar index now sports at 98 handle. Look for it to trade down to Trump election night scare lows at 96.

Over a longer time frame, you can clearly see the affect European QE has had on the dollar — pushing it higher on a continuous basis.

There’s a lot of potential downside to the dollar should policy start to go the other way.

Bullish for gold.

I learned a hard lesson when I waited for and invested in $SHAK upon coming public. If you recall, I had bought into $HABT first, bullish on the prospects for hamburger stocks. Truth is, their IPOs were just too damned high and the stock prices were doomed from the get go — just like $SNAP. I take nothing away from short term traders playing it for a post IPO run. But eventually, like all overpriced IPOs, it’ll die.

All of Wall Street started coverage on the social media giant today. Here is the quick rundown.

Outperform, tgt $26, Cowen
Outperform, Blair
Buy, tgt $27, Goldman
Overweight, tgt $28, Morgan Stanley
Neutral, tgt $25, BofA/Merrill
Neutral, tgt $24, JP Morgan
Neutral, tgt 24, UBS
Perform, Oppy
Sell, tgt $17, Summit Redstone
Mkt Outperform, tgt $28, JMP
Outperform, tgt $30, Credit Suisse
Hold, tgt $24, Stifel
Outperform, tgt $31, RBC
Buy, tgt $27, Citi
Buy, tgt $30, Jefferies

Snap’s underwriters were Morgan Stanley, Goldman, JP Morgan, Deutsche Bank, Barclay’s, Allen and co.

Co managers include BTIG, Citi, Cowen, Evercore, Jefferies, JMP, Liontree Advisors, Oppy, RBC, Stifel, Suntrust, Williams Capital, Blair.

Mike Cernovich is a popular e-celeb on Twitter — keeping his handle replete with news and information regarding Trump, his agenda, and world events. He’s a major fucking pain in the ass for leftards who shill around all day displaying emotional instability — broken people unable to deal with actual truths and instead live in a fantasyland where unicorns horn them in the ass all day long, at their behest.

The segment that 60 minutes was doing during their ‘discussion’ with Cernovich covered FAKE NEWS — attempting to label him as such due to his belief that Hillary ‘God Damn’ Clinton secretly suffers from Parkinson’s.

Here’s the money exchange.

.@Cernovich rebuffs @60Minutes ambush attempt, reducing shill to stuttering. pic.twitter.com/LrmtBqJVQ1

— The_Real_Fly (@The_Real_Fly) March 27, 2017

Mike periscoped the airing of the segment, live on his periscope account, which was later uploaded to Youtube.

This whole ordeal was rather embarrassing for 60 minutes, further demonstrating, even by their own attestation, that their reach is infinitesimal compared to his Twitter account.

When @60Minutes Admits @Cernovich Gets Way More Twitter Impressions Than They Do! Heck! Even I Get More Than #60Minutes ?? pic.twitter.com/FfEsYAbtBI

— Immigrants?4?Trump (@immigrant4trump) March 27, 2017

And then they tried to posit some cock-eyed theory that Mike was getting impressions using bots, or at least insinuating such — only to get BTFO shortly thereafter.

#60Minutes @CBS reporting on fake news outlets using fake bots to circulate #fakenews ?Twitter audit proves @Cernovich has legit following pic.twitter.com/CE8Tofnnob

— No One (@tweettruth2me) March 27, 2017

#60Minutes claimed @Cernovich uses fake acct bots to get impressions but… pic.twitter.com/xCSXyf6BHc

— Jack Posobiec ?? (@JackPosobiec) March 27, 2017

The reality is far different from the perception tonight. Traders are perceiving this as a risk off situation — since the healthcare bill fail is a symbolic beacon of GOP ineptitude. They’ve been trying to shill their way out of Obamacare for the past 7 years. You’d think Ryan and co. would have a better plan to pass a bill. I know leftards will simply chalk it up to more GOP bullshit, but one has to look at these events with a cynical eye and remember the GOP/DNC are really just one giant uniparty. The only person not invited to said party is Trump. In other words, if the conservatards really wanted Obamacare gone, they would’ve produced a bill that would’ve made it happen.

It’s like feigning to open up a pickle jar after one unenthusiastic twist, ceding to its might by saying ‘what did they glue this fucker shut? — I can’t open the darn thing’, before heading back to the teevee to watch the game and fill your fat fucking faces with nacho chips.

The GOP would rather watch the game and fill their fat fucking faces with nacho chips, than govern, if you catch my drift.

So this narrative speaks poorly for the other shit Trump wants to get done. As such, Nasdaq futs are off by 28, Dow off 83. The euro is up sharply v the dollar, +0.43% and the yen is soaring +0.9%.

Dr. Copper is off by 1.5% and gold is higher by 0.65%.

Asian markets are mostly uneventful, aside from the Samurai-less NIKKE, which is getting beat the fuck down by 1.55%.

European markets are indicating a -0.50% open.

They’ll awfully appreciative of all the money the Bundesbank forwards to them — vis a vis the ECB — helping the great Spartans stay afloat amidst nationwide financial failure. But they can’t honor the Dublin agreement anymore. See, they like the agreement and think it’s just swell, but they simply cannot take in any more lads from war torn middled east.

They will, however, take in a morsel or two, symbolic persons of middle eastern decent, to show solidarity with their German friends.

Source: RT
“Greece is already shouldering a heavy burden,” Ioannis Mouzalas, the migration minister, said.

“We accommodate 60,000 refugees... and it would be a mistake to make Greece’s burden heavier by the revival of the Dublin agreement,” he said, also adding that Germany, the primary destination for most refugees, “wants countries where refugees arrive first to bear a large portion of the burden.”

Under the Dublin Regulation, the European state where the asylum-seeker first arrives in the EU is responsible for examining an asylum claim. Refugees are fingerprinted in their first country of arrival to ensure irrefutable evidence of their entry.

However, rights groups warn that imminent transfers from other EU countries back to Greece in line with the regulations are likely to cause more refugees than ever to go underground in western European countries, as many are desperate to stay there because of family links or successful attempts to start a new life. The scheme also adds even greater pressure to existing refugee facilities in Greece and beyond.

Asked if Athens is ruling out implementation of the Dublin Regulation, Mouzalas answered in the affirmative, adding, “I want the Germans to understand that this is not because of political or ideological reasons, or failure to appreciate Germany’s assistance.”

“Greece simply has no capacities to cope with additional arrival of refugees,” he said. “We’ve just pulled ourselves together, so please, don’t make us falter again.”

At this stage, Mouzalas said, Greece is ready to accommodate only a small number of refugees as a symbolic gesture, showing “that we’re not opposed to the Dublin agreement.” Greece “reached its limits” and “we can’t bring in a single refugee,” he reaffirmed, appealing “to the common sense of Europe.”

Hahahaha, fucking Greeks. What did you expect, Europe?

In other news, insane amounts of refugees are being rescued by Italy on a daily basis.

Over the past weekend alone, 1,200 migrants were picked up on crowded boats and dinghies — bringing the grand total of migrants rescued by Italy this year up to 22,000. An astounding 520 have died trying to make the cross.

“If the government does not decide to put a brake on these NGO boats, we will find ourselves overrun by tens of thousands of African immigrants by the end of the year,” lawmaker Paolo Grimoldi said.

Last year, Italy saw a record number of migrants entering the country, upwards of 200,000. Since 2014, more than 500,000 migrants have been absorbed into Italy. Sadly, last year alone, more than 5,000 perished trying to make the journey. That’s about 14 people per day.

Europe is finished.

He used the pizzagate hashtag to draw attention to a 20 minute video shedding a light on child trafficking and pedophilia. While this is a pressing issue that should ensnare all guilty parties onto the end of a gibbet, it had nothing to do with the delicious pizza at Comet Ping Pong.

Here was his bullshit video.

Back to your regularly scheduled programming.

The Times of London is reporting President Trump actually had his staff calculate the amount of money Germany owed NATO, dating back to 2002, and then he handed it to her. That’s equal to telling her to fuck herself, now pay me.

Being the businessman that he is, Trump even added interest to be past due amount.

A German minister called the move “outrageous”.

The unnamed minister said: “The concept behind putting out such demands is to intimidate the other side, but the Chancellor took it calmly and will not respond to such provocations.”

During the meeting, anyone could see there was tension in the air, with Trump exuding negative body language towards the German leader. If this report is true, one has to appreciate the balls swinging from the President. I’m sure the left will view this as another example of Trump being crazy. I date posit, sometimes crazy is a necessary tool to create the environment for change.

If, of course, you’re quite pleased with status quo, then this sort of report makes you want to join Antifa and start shooting up heroin before anti Trump rallies. Either way, we’re living during the most interesting times.