Cramer: Potential Tariffs on Aluminum Will Make $AA ‘Zoom’

Wait, did Cramer just admit that placing tariffs on Chinese goods entering the United Steaks, in order to protect U.S. industry, would make Alcoa ‘zoom’? I thought tariffs were evil and free trade was beneficial for helping ‘create moar jobs’?

Imagine if we had a President who made it his duty to protect all industries and not just the one’s cherry picked by the influential few.

Coincidentally, zero American politicians were found in the 11,000 page leak.

Putin dismissed the leak as ‘rubbish’, saying the Obama administration was “an attempt to shake the situation [in Russia] from within, make us more compliant, and tar us the way they want.””

He then went on to recall the propaganda days of World War 1, suggesting it was being employed now, by the U.S.

“And what’s the easiest way? It’s by infusing some mistrust in society toward government bodies and the government, and by setting people against each other,” said Putin, adding that this plan was “brilliantly employed during the tragic years of WWI.”

Finally…

“You journalists all know what an information product is,” Putin told the forum. “So they went through this offshore [material]. Your humble servant was not there, but they don’t talk about that. But there’s still a job to be done. So what did they do? They make an information product – they found acquaintances and friends.”

Ever get the feeling we were the bad guys, or is it just me?

Copper accurately called the bottom in February, bouncing and moving higher before the broader indices. It’s my belief the inverse is occurring now. As copper sinks, the bullish narrative for China darkens and with it the bull run.

Freeport McMoran is the most levered to the space. Its stock is being dismantled today.

All eyes should be on Dr. Copper, for he is a physician in the ancient arts of financial medicine, offering tonics for the infirmed, and bleeding out his patients who get overzealous.

This is a hugely negative development for longs. The reversion back to the grind house is indicative of a market sentiment that beckons back to the past two years, a period which was cruel to market participants.

Relatedly, the flight to treasuries is pervasive and consistently rewarding.

The Nasdaq is within 10 points of giving up all of yesterday’s degenerate gains.

A storm is coming. You’ve been warned.

Understand something, the problem here isn’t the fact that Kenyan banks open and close like the doors on a Disney ride. The problem is Kenyans expressing free speech on Twitter, using the devilish hash tag #KOT to communicate with fellow Kenyans–concerned over their deposits.

“We had some individuals that shouted fire in a crowded theater room; to me there is nothing as reckless as that,” he told reporters in the capital, Nairobi. “If one made such horrendous statements, you can cause a run, some crisis. Indeed the bank was under serious pressure.”

Chase Bank on Wednesday sought to assure customers that it was operating normally as a flurry of comments on social-media sites speculated on the financial health of the company. Rumors on the safety of deposits and investments mounted following the resignation of Chairman Zafrullah Khan and Managing Director Duncan Kabui, and concern over a qualified opinion expressed by auditors on earnings that had been restated to show a surge in loans to employees and directors.

Don’t worry folks. The government of Kenya, the all benevolent non corrupt officials who are pilfering the country, will protect you from those Twitter people causing banks to fail. Once Twitter releases the location of these criminals and the government imprisons them, all will be well again.

“Rumors have been rife on social media which is turning out to be a pre-eminent early warning system,” Aly-Khan Satchu, chief executive officer of Rich Management, an adviser to companies and wealthy individuals, said in response to e-mailed questions

This outlier of a move is beginning to become a serious matter. The yen is markedly higher for the 5th straight day and really applying some gusto to the move, higher by more than 1.2% now.

S&P futs are sharply lower.

Gold is the real deal in 2016. Aside from treasuries, nothing has been more consistent.

Crude is mildly lower.

It’s a classic risk off tape, with treasuries firming, gold soaring, Yen spiraling higher and stocks lower. The market has been very resilient and we did add 75 NASDAQS yesterday. Therefore, unless we give back all of yesterday’s gains, today’s pullback will be viewed as healthy, rightly so.

But the Yen move higher isn’t good for Japan, currently at a 17 mo high.

Perfect for whom, exactly?

In a report out tonight, the G men feel $35 crude is the perfect price to bankrupt all of the marginal players to hell, causing rapid and large scale layoffs in America, which in turn will permit the Saudis to continue pumping at their heart’s delight–effectively paving the way for a sustainable 2017 recovery–once America is out of the way.

“We view our second-quarter 2016 oil outlook as an idealistic Goldilocks scenario,” the analysts wrote in the report. “We would use volatility to add to positions of shale productivity winners and the next rung down.”

Goldman said it favors U.S. producers EOG Resources Inc., Diamondback Energy Inc. and PDC Energy Inc. as well as stocks in “the next rung down” — Hess Corp., Cenovus Energy Inc., Anadarko Petroleum Corp., Encana Corp., Continental Resources Inc. and Whiting Petroleum Corp. While the bank predicts WTI crude prices will average $35 a barrel in the second quarter, it forecasts $38 for 2016 and $57.50 for next year.

Funny thing is, I doubt the blockheaded analyst who uttered these words put 2 and 2 together, as they’re always thinking macro, global, views. I understand it’s their job and they’re simply making projections. That’s all fine and dandy. But is anyone discussing the ramifications of these fucking bubbles coming and going out of the American economy, which is causing massive disruptions in the American work force?

We see a lot of idiot jobs being created in this country, replacing the one shining star in American industry–oil and gas. By 2017, effectively, those jobs will be exported overseas too, as American production halts and we start importing foreign oil again.

Wonderful.

Fed’s Kaplan is out tonight with hawkish comments on the US economy, suggesting that 1.9% growth is enough to start tightening.

“We’re approaching that time where I think it would be prudent to remove some accommodation,” he said.

He did, however, provide insight into why the Fed hasn’t been hiking like rabid dogs all these idle months.

“I thought we’d be wise to, in light of what just happened in the first part of the year [in global markets], we’d be wise to turn over few more cards and be patient,” the central banker said.

Fed’s Kaplan summarizes his philosophy on life.

“Being cautious or patient doesn’t mean standing still.”

Draw your own conclusions.

You’re literally the guys playing the violin as the fucking Titanic cracked in half and descended into the cold, murky, waters of the Atlantic.

According to the book-worms at S&P Global Market Intelligence, earnings for Q1, 2016 are on pace to donkey-punch its shareholders and catapult their dead, diseased corpses into foreign cities for immediate incineration.

Earnings will, inexorably, fall hard, by as much as 7.9%–led lower by energy. Incidentally, energy will post its first loss ever. That’s ever with a capital E.

Oh, don’t worry, I’m sure the financial heavy S&P will bail out the earnings parade, no?

Actually, the opposite will occur. Investment banks are nose-diving, headlong, into cement pools–vacated of any semblance of water. Everyone is heading towards their very worst earnings since the Great Recession, a singular great reason to barrel into idiot stocks careening towards annual highs.

Tech?

Heading for a -5.9% earnings decline for Q1.

Try again.