OIL CRUSHED AFTER IRAN SAYS NO TO OPEC PRODUCTION CUT DEAL

Well, it looks like the House of Saud lost again. Their good friends in Iran told them to fuck off.

IRAN OIL MINISTER SAYS WE WILL LEAVE OIL PRODUCTION AT LEVELS DECIDED IN ALGERIA

As a result, WTI and Brent are plunging lower. I’m sure equity markets will just love this. Stocks like anything these days.

Thus far, losses have exceeded 3.5% on heavy volume.

Trump continues to prod and poke at the totalitarian left with his own version of rules designed to piss them the fuck off. I think it’s fair to say the vast majority of Americans would say burning the American flag, in light of all the damned sacrifices made by her best and brightest, fighting for the country, is just about the most disrespectful and disgraceful thing a citizen could do. The left argues that desecrating the flag, whether it be pissing on it or burning it, is our constitutional right. In a tweet out this morning, right after trashing CNN again, Trump called bullshit on said rights and offered a solution to the issue of desecrating the flag: jail time, fuckers.

Nobody should be allowed to burn the American flag – if they do, there must be consequences – perhaps loss of citizenship or year in jail!

— Donald J. Trump (@realDonaldTrump) November 29, 2016

For better context on this, Morning Joe discusses how protecting the flag has been something that has been broached before by lawmakers — and on several occasions almost passed as law.

Trump threatens loss of citizenship and jail over flag burning… #morningjoe responds to the tweet https://t.co/KYQiLsGjus

— Morning Joe (@Morning_Joe) November 29, 2016

Oh, by the way, Hillary Clinton proposed such a law in 2005. QED

This is for the advisors out there who are too lazy or unwilling to concoct proper asset allocation strategies amongst equities and simply prefer to delegate their investment decisions to an ETF. I get it. At 1-2% per annum, it simply isn’t worth the hassle. Might as well kick back and enjoy the shit show, whilst working on getting new clients.

In Exodus, we have a rich library of ETFs in the database to choose from. Here are the top winners for the year.

$JNUG +131%
$KOL +115%
$XME +114%
$SOXL +113%
$RSXJ +86%
$LBJ +69%
$XIV +67%
$RUSL +60%
$GBTC +60%
$ERX +46%
$JJC +26%
$SGG +27%
$PALL +34%

Both Chinese and Saudi Arabians are taught to lie upon birth. Even before they’re instructed how to walk, their thieving parents teach them the art of sophistry — a keen ability to deceive others for gain. These men grow up and they lead industry in their countries, become important liars for nations filled with liars.

At OPEC, the very best of the liars descend upon the world, all speaking half truths with forked tongues, for the purposes of professional deception. I’m not going to link to past stories or dredge up excerpts of the myriad of lies that have been spoken through the media, regarding impending oil production cuts that never had a chance to begin with. Alas, here we are just 1 day before the meeting and Goldman is telling investors there’s only a 30% chance of a deal getting done.

The oil market is pricing in a 30 percent chance of producers reaching a deal to cut output at OPEC’s meeting in Vienna, according to Goldman Sachs Group Inc.

Global benchmark Brent crude may swing $6 a barrel on Wednesday, based on implied volatility for options contracts, analysts including Damien Courvalin and Jeff Currie said in a report Monday. Futures would rally into the low $50s a barrel and average $55 over the first half of next year if the group agrees to a cut, according to the bank. Failure to reach an accord would mean prices would average $45 a barrel through the summer.

Prices are tumbling again. But don’t worry, another rumor is right around the corner.

From the layman, those still inside of the matrix — bluepilled — fat and stupid off government sponsored roasted beef, the recent comments by Trump might appear to be coarse, almost petty. But if you take these comments under the context that Trump is in fact a 4 dimensional chess player and is laying a trap for bird brained Hillary supporters — which will soon be executed — laying waste to a cadre of people too stupid to see it coming, they are in fact brilliant.

This evening Trump went on a twitter rampage, fucking with Jeff Zeleny, shill reporter from CNN, about his special AC360 report depicting Trump as a sore winner — merely shitposting on Twitter to distract people from the true source of angst: TRUMP LOST THE MEANINGLESS POPULAR VOTE (gasp!).

What’s noteworthy here is the rhetoric by Trump towards the former #CrookedHillary, seemingly graduating her crime status to #CorruptHillary — making her title more conducive to a legal framework — perhaps laying the groundwork for a jail granting prosecution.

His comments regarding democrat voter fraud are purposeful and I wouldn’t be surprised if Trump appointed someone to audit the election results once he took office. I seriously doubt this is an unpaved road the haggard democrats want to travel now — especially when all they have to ride on are Tim Kaine tricycles.

Aside from all of the horrible things, Castro was actually a solid guy. Good cigars and hospitals.

You should all pray to the Gods for bestowing his child, Donald J. Trump, upon us — vanquishing clownish vagrants like Tim Kaine and his stupid face.

In light of today’s terror attack at Ohio state, which included a rogue Somali migrant knifing 9 people, Tim Kaine was ‘saddened’ by the senseless gun violence.

Deeply saddened by the senseless act of gun violence at Ohio State this morning. Praying for the injured and the entire Buckeye community

— Senator Tim Kaine (@timkaine) November 28, 2016

Fucking cuck.

And then there are people like this who walk amongst us. Damned racist white cop shot an innocent black migrant who just stabbed 9 people because he was a viiiiictim.

So white officer Alan Horujko who shot and killed the Black Somali stabbing suspect in Ohio is being paraded as a hero. Thats interesting

— Tariq Nasheed (@tariqnasheed) November 28, 2016

When Trump said he was going to leave his options open, in regards to accepting the results of the election — the media went apeshit, decrying him to be a dog and a scoundrel. But now that Shill Stein and Soros funded Marc Elias from the Clinton campaign decided to do it after getting defeated in the general election, there’s nothing but crickets out of them.

The double standard is palpable and is the primary reason why alternative media sites are flourishing at a time when legacy media are in the depths of hellish rebuke.

Joe and Mika weigh in on the real fake news.

The double standard on accepting the election result. A look back. https://t.co/dn9kNm3DeA

— Morning Joe (@Morning_Joe) November 28, 2016

Although I’m a fan of the God Emperor Trump and pray to the Gods every night that he’ll cast his enemies into the black sea to be devoured whole by monsters, I do not think any of the recent rally will hold — when people finally come to grips with the fact that status quo is dead and Hillary Clinton is going to prison.

Stocks receded a bit today — lending to a sharp rally in gold — the best in many weeks.

My favorite gold plays are the ones that I own: $AU, $AUY, $ABX and $GLD.

Bonds rebounded. Have a look at $TLT and $ZROZ. And banks got hit, rightfully so. I am short $DB and $LFC.

With yields coming in, the biggest outperformers were in the defensive stocks that have been working all year: utilities and REITs.

Stocks like $NRG, $ED, $TAC, $DUK and $AES led the utes, while $AVB and $PSA outperformed in the REITs.

The single best way that I am able to describe risk on v risk off is through the Exodus old man portfolio v the bubble basket. The old man traded down by 0.32%, while the overvalued shit in the bubble basket was down 1.8%.

Notably, the biotech sector was ravaged today — a place of magnanimous profit ever since Hillary was defeated. Biotechs traded down 2.7% as a sector — led lower by $SGEN, $ALNY, $RARE, $ICPT, $BLUE, $PRTA, $ALDR and $OPHT.

Ouch.

I was being generous by calling them lackluster, when in fact they were abysmal — off by 10.4%. Considering the fact that many retail stocks ran higher heading into the momentous day, investors have more than one concern now to sell them and move on.

Online shopping is all the rage again, according to Adobe. Black Friday sales surged online by 18% and are expected to gain 9% on Cyber Monday — effectively stabbing the shopping mall in the heart and leaving it for dead.

Sales on Cyber Monday were expected to finish up 9.4 percent at $3.36 billion compared with last year, according to Adobe Digital Insights. As of 10 a.m. EST on Monday, sales totaled $490 million.

Adobe collects the data by measuring 80 percent of all online transactions from the top 100 U.S. retailers. Of every $10 spent at the top 500 U.S. retailers, $7.50 goes through the Adobe Marketing Cloud sales platform.

Cyber Monday’s robust start highlights the ongoing shift within retail to online shopping. It also follows Thanksgiving and Black Friday when online sales beat estimates to increase 18 percent from a year earlier to $5.27 billion.

Of the online retailers, Amazon is easily the biggest. But even with these great numbers being reported, investors are selling down shares of AMZN.

This is a classic example of buy the rumor, sell the news.