Markets Close Out the Week Celebrating the President Elect Donald J. Trump

Headlines are crossing that Trump’s number one priority is to encourage lending again. As a result, the financials have soared and continue to outperform on the prospects of renewed greatness and prosperity.

Construction related stocks trailblazed higher and copper posted its best week ever, higher by 20%. Without question, there is an optimism sweeping the nation — almost as if a great dark and evil presence has been lifted — permitting markets to run freely with reckless abandon.

On the other hand, vocal Trump enemies have missed out on the party, names like AMX (Carlos Slim), FB, AMZN, GOOGL, BIDU, MSFT and CRM all went lower.

Fannie Mae was the biggest winner, up more than 70% on rumors that a Trump administration will leave them the hell alone and permit them to lend without having to sweep profits to the government.

U.S. Steel leapt by more than 20% and bonds were annihilated.

Big pharma and drugs did very well and hospital and other Obamacare beneficiaries crashed. THC was down 26%, CYH -19% — and HCA, LPNT and others were down double digits. In the insurance field, both CNC and MOH collapsed, while HIIQ and MGLN soared. Figure it out.

It was an interesting week to say the least, marked with the best trading action I’ve seen in years. Unfortunately, I was caught in a flat footed bearish position and will be licking my wounds for the next few days. Although I wanted Trump to win, I truly didn’t expect it to happen — which is part of the reason why I am in the positions that I am in.

God save Donald J. Trump.

Prepare for the $100 tomato. Ever since Wednesday, the inflation boogeyman has been all the rage. Following nearly a decade of deflationary pressures and fucked up central bank policy — which has constrained growth, the market in its infinite wisdom has declared Trump to be a great friend of economic prosperity and growth. As such, the price of copper has risen nearly 20 percent — its biggest move ever.

So how does any of this make sense? Are we going to build the Mexican wall out of pure copper?

Building construction is the main driver for copper and China represents more than a third of that demand.

In other words, the spastic retards bidding up copper now are betting that Trump will cause a construction boom in CHINA! Really?

As a side note, the actual winner in all of this is Chile — a country that represents 35% of the global supply of copper. Interestingly, the Chile ETF, ECH, is down 1.5% for the week.

Great job Wall Street!

The rally in the financials has been mesmerizing to see since Wednesday. After all, Clinton was Wall Street’s candidate. Apparently, Trump was their true friend, perhaps a person who could finally unshackle the chains of regulation and permit them to flourish again. After all, having that crazy bitch, Elizabeth Warren, by the side of Hillary, isn’t exactly a bullish thing for bank stocks. With Trump in office, it is widely believed Dodd-Frank is dead. More importantly, since crushing the spirits and dreams of the globalists whores, the U.S. yield curve has blow out to new highs — currently 121 bps up from 70bps just a month or so ago.

That spread is pure profit for banks. As a result, a furious rally has ensued — led by Fannie Mae.

Here are some of the biggest winners in the financials this week.

FNMA +70%
FMCKJ +33%
PRI +30%
SLM +29%
AMP +29%
DB +20%
LNC +18%
JPM +13%
WFC +17%
BAC +15%
GS +16%
MS +17%
UBS +16%
OZRK +23%
BOFI +21%
SF +21%
SIVB +22%
VOYA +22%

Banksters win again!

Silver is down a staggering 8% now and gold is down more than 3.5%. The underlying stocks in both the gold and silver sectors are down in the area of 13% this week, following a blow out in yields and rise in the dollar. As markets hit new highs, the ultimate short squeeze is ensuing. No one expected a Trump win would result in sharply higher prices. Cruelly, the market is rising in a fashion designed to maximize pain for those with risk off positions — namely those long precious metals and fixed income.

Broken cable elevator trading action.

The carnage in equities is far worse — as margin calls culminate and people liquidate their holdings.

This is far from normal trading and the rise in the dollar hasn’t been too severe, higher by just 1.2% this week. In short, this is a wanton attack on positions that have been accumulated for the better part of the past year. Both gold and bonds have been a mainstay amongst both bears and those skeptical over the economic prospects for global trade this year. Moreover, we’ve seen a 20% spike in copper this week, also a nonsensical move when taking into account that literally nothing has changed since Tuesday.

Nevertheless, markets have a long, rich, history of running down people and making them beg for mercy. No one ever said this shit was easy.

These are mentally disabled people. The vast majority of the people out in the streets are wards of the state, degenerates, drug addled morons of the first magnitude. I just find it all delightfully ironic how the mantra of ‘love Trumps hate’ has morphed into ‘riot and burn shit down’ because the democratic elections they held so dear didn’t go their way.

Smashing an electrical box with a baseball bat while dozens of people stand nearby.

The Alt-Left in action. #TrumpRiot pic.twitter.com/Gx2PWSEWgw

— Paul Joseph Watson (@PrisonPlanet) November 11, 2016

Matt Maloney is trying to recover from his PR nightmare, one that likely caused his lead counsel to throw up on himself in the middle of the night — thinking about the mess he’d have to deal with in the morning.

Although he’s trying to say he never meant that Trump supporters weren’t welcomed at GRUB, it sure as hell sounded like it.

While demeaning, insulting and ridiculing minorities, immigrants and the physically/mentally disabled worked for Mr. Trump, I want to be clear that this behavior – and these views, have no place at Grubhub. Had he worked here, many of his comments would have resulted in his immediate termination.

Further I absolutely reject the nationalist, anti-immigrant and hateful politics of Donald Trump and will work to shield our community from this movement as best as I can. As we all try to understand what this vote means to us, I want to affirm to anyone on our team that is scared or feels personally exposed, that I and everyone else here at Grubhub will fight for your dignity and your right to make a better life for yourself and your family here in the United States.

If you do not agree with this statement then please reply to this email with your resignation because you have no place here.

First of all, none of that shit is correct. Like most libtards who toss bombs, he’s distorting the things Trump has said and is insulting every single Trump supporter at his company — not to mention half his customer base. After all, if you voted for Trump, you must be a very wicked and hateful person, if we are to believe the horseshit coming out of the email box of Maloney. How can an employee read this differently?

Here’s today’s letter, most likely crafted by his general counsel.

This year’s presidential election was undoubtedly divisive and left many of our employees feeling concerned. In response, I wrote a company-wide email that was intended to advocate for inclusion and tolerance — regardless of political affiliation — during this time of transition for our country.

Some of the statements in my email (please see full text below) have been misconstrued. I want to clarify that I did not ask for anyone to resign if they voted for Trump. I would never make such a demand. To the contrary, the message of the email is that we do not tolerate discriminatory activity or hateful commentary in the workplace, and that we will stand up for our employees.

Grubhub welcomes and accepts employees with all political beliefs, no matter who they voted for in this or any election. We do not discriminate on the basis of someone’s principles, or political or other beliefs.

I deeply respect the right of all citizens to vote for the candidate of their choice. In fact, I offered extra flexibility on Tuesday and encouraged all our employees to go vote. There is a place for all points of view at Grubhub. We value diverse perspectives and believe those perspectives help to create a better product and a better workplace culture.

Grubhub’s leadership team has worked for years to create a culture of support and inclusiveness. I firmly believe that we must bring together different perspectives to continue innovating. We are better, faster and stronger together, and so is America.

Posted by Matt Maloney, Grubhub CEO

Wall Street doesn’t give a shit what he has to say today. The stock is sharply lower in aggressive melt your face off trading action — down by 4.5%. If you’re long the stock here, at 80x earnings, after the CEO insulted 50% of the country, don’t be surprised when the company misses both earnings and revenue expectations next quarter and the stock is a fraction of what it’s trading for today.

The very essence of the bear case stems from the inescapable fact that sovereign debt loads are an albatross around the necks of governments. It prevents them from enacting fiscal stimulus, or lowering taxes, because of the massive amount of debt against GDP. Almost every single western nation is deficit spending, so the debt bubble is only getting bigger. Although I do appreciate the vigor of market participants this week, celebrating the ascension of the golden hair’d lion, the rise in sovereign yields only make matters worse.

It has always been my position that rates could not rise, due to this burden. If, in fact, they did rise, it would only constrain fiscal spending, quickening the debt/gdp problem, making entitlement spending an issue during political elections. It is my belief the rise of populism around the world coincides around this core problem: the great transfer of wealth from west to east.

The greatest civilizations the world has ever known have been reduced to a merry group of latte drinking consumers — lining the corrupt pockets of multi-nationals.

Here are the 10yr yield changes amongst some of the most indebted nations in the world. Explain to me how a sharp increase in their big sovereign credit card yields is a good thing for stocks.

Debt to GDP / 10 year bond yield change (1 week)

Japan 229 (-0.08% to -0.02%)
Italy 132 (1.75% to 2.02%)
U.S 104 (1.7% to 2.13%)
Spain 99 (1.2% to 1.49%)
France 96 (0.5% to 0.75%)
Canada 91 (1.2% to 1.43%)
U.K. 89 (1.2% to 1.36%)
Germany 71 (0.15% to 0.31%)
Portugal 129 (3.2% to 3.49%)
Belgium 106 (0.40% to 0.69%)
Singapore 105 (1.9% to 2.35%)
Ireland 93 (0.65% to 1%)
Austria 86 (0.35% to 0.58%)
Hungary 75 (3.1% to 3.5%)
Brazil 66 (11.5% to 12.25%)
Netherland 65 (0.25% to 0.49%)
Finland 63 (0.30% to 0.51%)

Pesos pesos everywhere and not a taco to eat. For illegals streaming into America, their buying power has dropped considerably since Trump. The specter of a beautiful wall has left the peso in shambles, reversing Mexico’s path back to the banana republic norm of fucked up currency status in a gigantic mess of a government.

Although today’s biggest loser is silver, off by more than 6%, Mexico is a close second, with pesos hammered by 3.3%. When will the dollar party end? Will Wall Street finally begin to realize that SHARPLY higher yields is actually a really bad thing for an economy saddled with $20t in debt?

We will find out soon.

This is some fucked up shit. Ever since Trump got elected, the Dollar has been spiraling higher, effervescently. The gingerly prance Higher has caused the bond markets to fuck itself and now the gold markets have been destroyed.

Hillary’s friends in Saudi Arabia are getting raped through their turbans today, with oil crushed lower by 3%+.

The one small side effect of King Dollar is that it destroys your economy that is filled with multi national whores. It’s a good thing that Trump isn’t interested in those fuckers anymore, but that doesn’t mean markets will endure the purge.

The risk off trade has been annihilated this week. My protective positions in TLT and gold have been head chopped by the God King’s minions of sword armed monster-men. Fat slobs.

Nevertheless, ‘The Fly’ is a resilient man, if anything at all. We’ll figure this fuckery out in due course. In the meantime, stocks should start to head lower now — as the recent short squeeze in stocks tapers out and traders begin to realize how crazy this week was on Wall Street.

There is nothing more to add after watching this video. Paul Joseph Watson drops an atomic bomb on all of the snow flakes protesting the elections.

This is greatness.