Tuesday, November 22, 2016
The Dow Jones Continues To Trump UP! / Stock-Markets / Stock Markets 2016
Eric Balchunas, ETF Analyst for Bloomberg Intelligence, stated that "Financial ETFs are on fire, but the center of the heat is really banks, which will benefit from rising rates more than other areas of the financial sector,".
Is the strengthening of the dollar merely "temporary”? Is this recovery an illusion, which will precede an inevitable crash? I have maintained all along that there has been no real recovery and that the FED will not raise interest rates soon, contrary to common widespread beliefs.
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Tuesday, November 22, 2016
Stock Market New All Tiime Highs & the Election Buried This HUGE Story / Interest-Rates / US Bonds
Stock Market Highs & the Election Buried This HUGE Story
Chart of the Day
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Tuesday, November 22, 2016
Best Cashback Credit and Debit Cards for Christmas / Personal_Finance / Credit Cards & Scoring
Savvy shoppers will no doubt be looking to make the most of their hard-earned cash at this time of year, and they could attempt to earn some much-needed cashback each time they spend. However, with just five weeks to go until Christmas, there isn’t much time left to work out which are the good deals and which are the bad.
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Tuesday, November 22, 2016
Will Crude Oil Price Rally to $50? / Commodities / Crude Oil
Trading position (short-term; our opinion): Long positions (with a stop-loss order at $41.39 and initial upside target at $49.53) are justified from the risk/reward perspective.
On Friday, crude oil moved higher once again as optimism over an OPEC deal to limit production continued to weigh on investors' sentiment. In this environment, light crude gained 0.83% and closed the day above the 38.2% Fibonacci retracement. What does it mean for the commodity?
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Tuesday, November 22, 2016
Why A US-Russia Reset Will Help the Economy / Politics / GeoPolitics
Although the Democrats eagerly painted Russia as the enemy throughout the American election campaign, the budding dialogue between Russian President Vladimir Putin and US President-elect Donald Trump has some interesting implications. In many ways, both represent the ongoing global shift in political dynamics towards more right-wing governments. While historically these developments have created an environment ripe for conflict and war, the surprising election of Trump may sow the seeds of change to this classical narrative.
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Tuesday, November 22, 2016
Gold, Commodities, Forex and Stock Market Forecasts / Stock-Markets / Financial Markets 2016
We continue to be bearish on Gold as we have been for months, our only recent change is that we are expecting a significant low earlier in 2017 than previously forecast. We have consistently maintained that this bearish phase is just a short term consolidation before we begin a new and significant rise that could well lead to new all time highs.
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Tuesday, November 22, 2016
The Spreading Bondfire And The Rising Price Of Gold / Stock-Markets / Financial Markets 2016
Today’s rising interest rates and trillion-dollar losses in global bond markets are prelude to what is to come, i.e. rising inflation with higher interest rates ending in the bursting of the global government bond bubble and the long awaited breakout of gold.
Last year, on December 15, 2015, the Fed announced the first tentative rate increase in nearly ten years, from 0.0% to 0.25%. The Fed had last raised rates in June 2006 which eventually burst the US real estate bubble in 2007 resulting in the collapse of global markets in 2008.
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Tuesday, November 22, 2016
Donald Trump is just an ugly intermission between acts / Politics / US Politics
Mr. Trump, you have no mandate. You not only lost the popular vote by two million but the disparity between the popular vote and Electoral vote was historically unprecedented.
What you have is a constituency that mostly voted for radical change and who seem gleefully unaware that similar ultra-right, populist movements in the last century produced Hitler, Mussolini, Franco and, in recent decades, third-world banana republic thugs underwritten by Wall Street and the State Department for the purpose of dismantling social democracies to enrich private corporations, bankers and oligarchic nationalists.
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Tuesday, November 22, 2016
Stock Market Rally Appears Complete / Stock-Markets / Stock Markets 2016
SPX closed under 2200.00, as suggested. Whether that is the end of the rally will be ascertained at tomorrow’s open. All of the Waves appear to be complete and on time.
Note that two new potential catalysts have hit the internet. The first is a “Big Problem” has just emerged for Trump’s Economic Plan. It is expected to add $5.3 trillion to the debt over the next decade.
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Tuesday, November 22, 2016
S&P 500 Makes The Move... / Stock-Markets / Stock Markets 2016
The S&P 500 made the move over 2194 today on a closing basis. Many onlookers were waiting patiently as the S&P 500 lagged badly behind other indexes, such as the Dow and small-cap stocks. It's important for the most followed index, with the biggest companies, to join the rest of the market on breakout to show confidence that the move higher is sustainable across the board. It doesn't guarantee anything, of course, in this game, but you need to see confirmation of some kind to make you know being long is the right place to be. Getting the breakout today is a sign of confidence.
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Tuesday, November 22, 2016
Did The 'Trump Tantrum' Just Trigger The Next US Recession? / Economics / Recession 2017
Trump May Have "Pricked" The Global Bond Bubble
Trump called during the campaign for a $1 trillion infrastructure package, $5 trillion in tax cuts, increases in military spending and the repeal ObamaCare, which could cost more than $350 billion over 10 years. At the same time, the president-elect has promised “not to touch” Social Security or make cuts to Medicare. The moment Trump was elected the markets immediately reacted to this potential massive fiscal injection. Bond values plummeted as yields spiked.
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Tuesday, November 22, 2016
Cheap Money to Continue Flowing & Helicopter Money to Start after 2017 Market Crash / Stock-Markets / Financial Markets 2017
It is my privilege now to welcome in Michael Pento, president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals Podcast.
Michael, it's always great to have you on. Thanks for joining us today and welcome back.
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Tuesday, November 22, 2016
Stock and Bond Markets Outlook For 2017 / Stock-Markets / Financial Markets 2017
We have discussed at length different forecasts for 2017. All our calls, so far, seem to be spot-on. Think of our bullish call for financial stocks in 2017 and bearish gold price forecast 2017. In this article we explain our broad markets outlook for 2017.
Many investors look for leading indicators. Some look at the volatility index (VIX), others at the U.S. dollar or inflation expectations (TIPS). Some believe that reading the news will be helpful to understand where markets are going. The truth of the matter is that none of all that is helpful whatsoever. Most sources are only noise, and that is the reason why only 10% of investors are successful.
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Tuesday, November 22, 2016
Gold Price Forecast: Nasty Naughty November Gold Price Trend / Commodities / Gold and Silver 2016
As all are well aware the price of gold initiated a new bull market since December 2015 (rising from $1,050 to its $1,376 peak in early July this year. Indeed it was a spectacular bull price run where gold soared more than +30% in only six months. Indeed spectacular!
Subsequently, the bull trend petered out in early July. Since then the price of gold has been steadily declining. Moreover, there are several reasons for this on-going price consolidation…and why it has yet to put in a bottom:
- 3-Month T-Bill Yield Soaring
- US$ Index Surges
- US$ vs 3-Month T-Bill
- Weekly $UST1Y vs USD Chart
- Point&Figure Projections (Gold, USD and Silver)
- Traditional November Gold Price Decline
Tuesday, November 22, 2016
Stocks and Deby - Will Trump Bring Morning or Mourning in America? / Stock-Markets / Financial Markets 2016
On election night, as political analysts were coming to terms with the possibility of a Trump presidency, the Dow Jones futures plummeted over 800 points, and Japan's benchmark Nikkei 225 plunged more than 6.1%. Investors across the country went to sleep with nightmares of protectionism (Smoot-Hawley Trade Tariffs 2.0) and the fiscal train wreck that a Trump presidency might bring.
But by the start of trading on November 9th, Dow futures had recouped most of their losses, and it didn't take long for the erstwhile despondent equity markets to turn sharply positive.
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Tuesday, November 22, 2016
US Education System Broken: Let's Try 'Ed-Exit' / Politics / Educating Children
Maryland Governor Larry Hogan recently signed an executive order forbidding Maryland public schools from beginning classes before Labor Day. Governor Hogan's executive order benefits businesses in Maryland's coastal areas that lose school-aged summer employees and business from Maryland families when schools start in August. However, as Governor Hogan's critics have pointed out, some Maryland school districts, as well as Maryland schoolchildren, benefit from an earlier start to the school year.
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Tuesday, November 22, 2016
Reversal Interest Rates Are the Next Big Challenge for Central Banks / Interest-Rates / US Interest Rates
BY SAMUEL RINES : Negative and ultra-low interest rates have become the norm for the developed world. The phrases “lower for longer” and “new normal” are now accepted as facts rather than predictions. But, how low is too low?
For many developed world economies, rates remain low in order to combat stagnation as growth slows. Negative rates are a side effect of these deep, fundamental economic issues.
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Tuesday, November 22, 2016
Why Post-Election Stock Market Rally Won’t Last / Stock-Markets / Stock Markets 2016
I’d like to share an update that throws some chilly water on the post-election stock market rally.
My friends Van Hoisington and Lacy Hunt of Hoisington Investment Management usually write only quarterly letters. They send interim updates only when something of major consequence happens. The fact they wrote this one is significant… and what they say is definitely important.
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Monday, November 21, 2016
Trump Can Fix US Economy by Embracing Biotech / Economics / BioTech
BY PATRICK COX : The presidential campaign made one fact very clear. Most of the media and public aren't focused on economic growth.
Growth powers and funds everything else. Just take a look at the enormous federal deficit and you’ll see that economic health keeps taking a back seat to short-term goals.
Yes, John Maynard Keynes made a case for using debt to stimulate the economy. But he never said anything about permanent deficits. And that is our current practice. The result is that taxpayers’ options will be curtailed in the future.
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Monday, November 21, 2016
Here’s the Real Reason Putin Sympathizes with Trump / Politics / GeoPolitics
BY GEORGE FRIEDMAN : The US presidential campaign contained a constant undertone of Russia and President Vladimir Putin.
Putin said nice things about Donald Trump, and Trump about Putin. In fact, there is a small faction of Trump supporters that admires Putin. They like that he is a strong leader and his position on gay rights and other matters. They do not see him as a former communist, but rather as a defender of Western civilization.
But, the key here is to understand the real issues that exist between the US and Russia. At the heart of this matter is Ukraine.
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