Markets Rise as Chances of a December Fed Hike Decreases

If you only read Bloomberg or Reuters, or listened to the fuckheads on CNBC, you’d think it was all but a foregone conclusion for a Fed rate hike in December. After all, the economy is doing so well (please vote for HRC now).

But the futures markets are singing a different tune. The chances of a Fed hike for December have dropped from 71% to 68% since yesterday.

Fed’s Lockhart, a completely meaningless human being, said the ‘bar is high’ for rates NOT to head higher in December.

“The momentum in employment is important. It is a good indicator for the overall momentum of the economy,” said Lockhart, who is not a voting member of the Fed’s policy setting committee this year. “For me there is a relatively high bar, at least in pure economic terms, to not moving in December.”

He’s a fucking liar and also a thief.

I know it’s good press for Hillary to show headlines of a strong economy, strong enough to hike rates. But that’s utter horseshit. Today, the dollar is down and gold is up, and the CME is only showing a 68% chance of a hike — so fuck off.

The Fed has never hikes rates without the betting odds already at 100%.

Stocks are trading slightly higher ahead of the final weekend before the elections. At the end of the day, America will get the President they deserve.

I’m not crazy enough to suggest to do anything other than hedge yourselves into the election. Should Clinton win, I’m sure the Luciferians will celebrate through spiritual dinners. On a Trump win, the peso will be dismantled.

That’s what I’m looking at now, the Mexican peso. Screw the polls.

After the election, I’ll work through some strategies to wade through the next administration. Life goes on. There are many bottles of wine to be devoured.

No one is really interested in voting for Hillary Clinton, unless you’re sick or just truly misinformed. Earlier this morning the folks on Morning Joe were nearly in tears at the specter of Trump winning. These people are delusional and have lost too many brain cells in all of their years of debauchery, abusing their bodies with drugs and alcohol. Joe Scarborough is a hack of the very first magnitude.

Suddenly, as the Trump train presses on with energy, unnamed sources at some of our agencies told CBS news that a terror attack could happen Monday. See, if they said it would happen Tuesday, it’d be all the more obvious, as a scam. The goal here it to suppress voter turnout, obviously.

Just as a side note, if there really was a terror threat, why the fuck isn’t it going out through the proper channels, instead of some unnamed source via CBS News?

Answer: because it’s bullshit.

NEW YORK — CBS News has learned about a potential terror threat for the day before the election.

Sources told CBS News senior investigative producer Pat Milton that U.S. intelligence has alerted joint terrorism task forces that al Qaeda could be planning attacks in three states for Monday.

It is believed New York, Texas and Virginia are all possible targets, though no specific locations are mentioned.
U.S. authorities are taking the threat seriously, though the sources stress the intelligence is still being assessed and its credibility hasn’t been confirmed. Counterterrorism officials were alerted to the threat out of abundance of caution.

A senior FBI official told CBS News, “The counterterrorism and homeland security communities remain vigilant and well-postured to defend against attacks here in the United States. The FBI, working with our federal, state and local counterparts, shares and assesses intelligence on a daily basis and will continue to work closely with law enforcement and intelligence community partners to identify and disrupt any potential threat to public safety.”

Intelligence about potential threats always increases during holiday seasons and when big events are approaching.

As Election Day nears, federal law enforcement is planning for several worst-case scenarios.

Earlier this week, an alert warned local police of “polling places” being seen as “attractive targets” for “lone wolf”-type attacks by individuals motivated by violent extremist ideologies, sovereign citizen or other extremist activity.

Here’s the Morning Joe panel worrying about Hitler getting elected on Tuesday.

.@JoeNBC: Hillary Clinton’s greatest danger is complacency https://t.co/0ESoK0Mhx9

— Morning Joe (@Morning_Joe) November 4, 2016

This is lovely. I know Marina is a big splash amongst the artsy crowd, those who enjoy scribbling on the wall with blood, or throwing buckets of blood at weird statues in a corner before the appetizers are served. I’d would like to note that I am an incredibly busy person, working upwards of 18hrs per day. John Podesta is the head of Clinton’s campaign, uniquely positioned amongst the Washington elite for many decades. I marvel at his scheduling abilities, being able to fit this shit in — all the while the world is a fucking shit heap and the country is suffering and rotting from within.

It’s all rather symbolic, isn’t it?

A Wikileaks email revealed the Podesta brothers were to dine with this lunatic. I am sure he had a great time. Perhaps they had babies for desert?

A cursory search of Marina Abramovic yielded this video, which is straight out of the fucking shining.

Your leaders.

The NY Times recently ran a story on her.

She was there early, and she became known as the godmother of performance art. Her pieces combined masochism and spirituality, often to intense effect. They were a form of “body horror,” to use a phrase that has been applied to films directed by David Cronenberg.

So trendy.

Forty percent of the Nasdaq 100 is comprised of a few mega cap stocks: Apple, Amazon, Facebook and Google. Although those stocks have been somewhat resilient in their share price declines, over the past month, the same cannot be said about your average, run of the mill, security.

In what can only be described as the most controversial election in a generation, maybe two or three, stocks have been getting hammered for the better part of the past month — also logging some serious declines over the past three. Amongst the hardest hit are the healthcare stocks — names most readily targeted by Hillary Clinton, most likely because she knows Obamacare needs reform and part of that reform means lower profit margins for big pharma.

At the same time, the bond market has been getting crushed, on renewed fears that the lunatics at the Fed are leaning towards hiking rates in December.

As of tonight, there is a 71.5% chance the Fed will hike in December.

Inside Exodus, I monitor the risk of the market through my ‘Bubble Basket’, which is now breaking down in magnificent fashion.

Although dozens of sectors are down more than 10% on a median basis and at least 10 are approaching bear market territory, it’s likely the carnage will continue — unless the Fed reveals a more liberal approach to policy — which will provide markets with the appropriate tinder needed to start a short squeeze.

As you can see by recent earnings out of GPRO and FIT, the consumer isn’t going to save Xmas, and there is appreciable downside risk to the retail sector from current levels. For the better part of 2016, we’ve been ignoring the problems in the economy — slowly marching higher to new highs, in spite of the fact that fundamentals were worsening.

Gun to the head play: gold, bonds and short stocks into Xmas and cash out in early 2017 — after a monstrous drop in January — fueled by FX dislocations in China.

In short, tread carefully.

Hahahaha, you’re all gonna burn.

The rhetoric is accelerating. The FBI and other agencies are actively working against the Clinton’s. We’re at the ebb tide and all of the sins committed by the Clinton’s to date are being brought forth to the forefront for all the world to judge. If she makes it out of this shit storm, I’d imagine she will seek the vengeance of 10,000 Monte Cristos. All of the people who’ve plotted against her will be suicided.

If Hillary wins, she's definitely gonna suicide @DRUDGE pic.twitter.com/F9ffF4slTx

— The_Real_Fly (@The_Real_Fly) November 3, 2016

In light of the new FBI documents explicitly stating that there’s a 99% chance that her server was accessed by at least 5 foreign agents, the next question one has to ask is ‘was it done on purpose, in order to leak information to our adversaries?’

Rep McCaul might be jumping to conclusions, but he’s tossing out the T word bomb for everyone to relish in, nonetheless.

Jason Chaffetz is one of those people you’d like on your side and certainly not want as an enemy. As chairman of the United States House Committee on Oversight and Government Reform, he’s the guy who hauls you up in front of congress to both humiliate and intimidate — using the powers of the government to make your life a living hell.

Recently he withdrew his support from the orange pussy grabbing clown — due to the fact that he was caught on tape saying he just grabs pussy whenever he wants to, due to his celebrity status. As a Mormon from Utah, this must’ve driven Chaffetz from the hay barn all the way to the corn mill mad, as his 4 wives prepared supper and nightly human sacrifice.

Nevertheless, he has bended the knee to Emperor Trump and made Wolf Blitzer appear to be nothing more than a werewolf stuffed animal toy on national teeve.

Rep. Jason Chaffetz: “I think Hillary Clinton is the worst possible person to become the president" https://t.co/Rily2dBaDH

— CNN (@CNN) November 3, 2016

Rep. Chaffetz on Clinton: "Her ability to look in the camera and just lie, lie, lie scares me more than anything" https://t.co/afXl2Vl1Np

— CNN (@CNN) November 3, 2016

Chaffetz: Clinton should never, ever be trusted in the White House. Her frequency of which she lies is much scarier https://t.co/0Au0NPu28r

— CNN (@CNN) November 3, 2016

David Stockman probably plays with skeletons in his basement, conducting magic spells to bring forth famine and pestilence to America’s shores. He’s like a real life Devil Dog, only with a blog.

In his evening forecast, interviewed on CNBC, Stockman said markets are likely to plummet, as the uncertainties of the election aren’t even close to being priced in. Moreover, stocks are already pricey and susceptible to harrowing set backs.

I am holding back a lot of the rumors and innuendo on this site. Believe me, there are a lot of rumblings about Hillary and Bill’s infamous trips down to Epstein’s pedo island in the Bahamas. There was also a message on Reddit a short while ago about imminent information about these crimes being released soon. I won’t speculate as to what it might contain, but I will publish what Wikileaks tweeted earlier today — tying Hillary Clinton to known child kidnapper and possible trafficker of children, Laua Silsby.

Significant, if partisan, find showing how the Clintons supported child stealer Laura Silsby https://t.co/7nULjOgmzr pic.twitter.com/NCgsVWTF2W

— WikiLeaks (@wikileaks) November 3, 2016

I do find it interesting that her orphanage was moved from the Dominican Republic to Haiti.

The CEO of GoPro is representative of everything that is wrong about present day corporate America. A spoiled brat, son of Robertson Stephens founder Dean Woodman, Nick went off into the world with a camera strapped to his fucking helmet, during his retreats in Aspen, using Dad’s money and influence to fund and bring public Wall Street’s biggest piece of shit, GPRO.

Since coming public, the stock is down something in the order of 90%, all the while Nick has been cashing in and buying big god damned yachts.

Yesterday another scam stock, FIT, missed and summarily pummeled in the faces of those who were long. Today it is the GPRO shareholder — strapped to the gibbet — being offered a proper and thorough lashing in the after hours.

Reports Q3 (Sep) loss of $0.60 per share, excluding non-recurring items, $0.26 worse than the Capital IQ Consensus of ($0.34); revenues fell 39.9% year/year to $240.56 mln vs the $312.73 mln Capital IQ Consensus.
Gross Margin 40.6% (Guidance 39-41%)

Co issues downside guidance for Q4, sees EPS of $0.25-0.35, excluding non-recurring items, vs. $0.45 Capital IQ Consensus Estimate; sees Q4 revs of $600-650 mln, excluding non-recurring items, vs. $669.83 mln Capital IQ Consensus Estimate.

Co issues downside guidance for FY16, sees FY16 revs of $1.25-1.30 bln (Prior $1.35-1.50 bln) vs. $1.39 bln Capital IQ Consensus Estimate.
2017

“Looking forward to 2017, we expect to return to profitability, driven by the strength of our new products, double digit revenue growth and annual operating expenses of approximately $650 million.”
Double digit year-over-year revenue growth
GAAP operating expenses of approximately $735 million
Non-GAAP operating expenses of approximately $650 million
GAAP net loss

Non-GAAP net income profitable

As long as there are venture capitalist like FRED “TWLO” WILSON, ramping up the valuations of good companies in the private markets, colluding with investment banks to dump on an unread public, this will continue to occur.