Strong markets struggling at breakout levels of late

The S&P 500, Banks, Small Caps and Transportation indices continue to climb higher, as the long-term trend remains up. The two charts below, look at performance over the past month and how each index is testing long-term breakout levels. The chart below looks at how the above mentioned indices have performed over the past 30-days. […]

Obamacare 'Explosion' Could Come On May 22nd, Here's Why

After a stunning healthcare defeat last week, delivered at the hands of his own party no less, Trump took to twitter to predict the imminent ‘explosion’ of Obamacare. ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) […]

New Study Says Robots Took All Of Detroit's Jobs, Not Mexico

As Trump gets ready to renegotiate NAFTA and impose tariffs on companies looking to outsource production to Mexico, a new study from MIT and Boston University suggests that industrial robots, not Mexico, may be the bigger factor contributing to the high levels on unemployment in the Midwest.  Entitled “Robots and Jobs: Evidence From US Labor […]

Morgan Stanley Finds A "Stunning Divergence" In The Economic Data

Since we first highlighted the data, there has been a great deal of attention paid to the post-election divergence between the so-called soft (sentiment) data in the US, and the hard (quantifiable) data. Morgan Stanley's chief equity and rates strategists note "the divergence is stunning."   Upside surprises appear to be completely driven by the […]

Watch These Geopolitical Flashpoints Carefully

Authored by Brandon Smith via Alt-Market.com, Anyone who has been involved in alternative geopolitical and economic analysis for a decent length of time understands that the establishment power structure thrives according to its ability to either exploit natural crises, or to engineer fabricated crises. This is not that hard to comprehend, but for some reason […]

Gold ETFs vs. Physical Gold – Dangers Of Exchange Traded Funds

Gold ETFs vs. Physical Gold – Dangers Of Exchange Traded Funds  by Olivier Garret on Forbes Gold ETFs are rising in popularity due to their convenience. They’re easy to trade, there’s no need to store anything, and no one is going to break into your house to steal your GLD shares. But there are a […]

Bitcoin's 'Fork' In The Road

Authored by Vinny Lingham, I’ve been very surprised with the amount of vocal support for a Bitcoin Hard Fork – especially from many Bitcoin supporters who believe it is either inevitable or “not a bad thing”. I get it, but you’re wrong. I know everyone is tired of the scaling debate. I’m not going to […]

Uber President Quits After Allegedly Deciding Series Of Scandals Were Just Too Much

Jeff Jones, the former Target CMO who joined Uber less than a year ago as President of Silicon Valley’s priciest ‘decacorn’, is leaving the company, according to Recode.  Jones is reportedly exiting as the company deals with a flurry of recent controversies, including allegations of sexual harassment and an embarrassing video that surfaced last month […]

The Broken Bond Market – All Noise, No Signal

Via Global Macro Monitor blog, The Fed tightens on Wednesday and bonds rally.  What the hay? GaveKal, Jeff Gundlach,  and Jim Bianco nailed it in that every spec and their mother are/were short 10-year Treasuries. Source: Quandl (see here for interactive chart) But this is only a small part of the story:  The global bond […]

Bank Loan Creation Crashes At Fastest Pace Since The Financial Crisis

Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around […]

Warning Signs

Authored by Lance Roberts via RealInvestmentAdvice.com, Bull Market Still Intact…For Now This past Wednesday, on the Real Investment Hour, I spoke with Greg Morris about the technical backdrop of the market. During that interview, he discussed that from a technical perspective the bullish trend of the market is still in place, and despite fundamental underpinnings […]

Jean-Claude Cooking Crud

  Jean-Claude Juncker: “In Europe, the choice is to eat what’s on the table or not come to the table at all.” Wrong, Jean-Creep Drunker! The choice in Europe is to eat the EU shit sandwich.  Or, cook for ourselves, or eat elsewhere, or order take-out, or get someone else to cook for us, or […]

Abe School Scandal Set For Major Escalation After Donation Receipt Emerges

The crisis that has rocked the previously unshakeable administration of Japanese Prime Minister Shinzo Abe is not the result of bungled economic policies, party in-fighting or any of the other calamities that have brought down Japanese leaders in the past, which includes Abe’s first administration as prime minister. Abe is struggling to shake off a […]

David Stockman Offers "More Proof Of Janet Yellen's Idiocy"

Authored by David Stockman via The Daily Reckoning, During the last 129 months, the Fed has held 86 meetings. On 83 of those occasions it either cut rates or left them unchanged. So you can perhaps understand why Wednesday’s completely expected (for the last three weeks!) 25 bips left the day traders nonplussed. The Dow […]

How The FBI Laid A Trap For A Financial Scandal’s Mastermind

How did authorities zero in on Tom Hayes, the disheveled, socially awkward mastermind of the Libor scandal? An excerpt from David Enrich's new must read book ‘The Spider Network’ A Trap for a Trader On a mild, damp March afternoon in 2011, Sarah Tighe and her husband Tom Hayes arrived in the prenatal wing of […]

Did The Fed Just Hint At Monster Inflation?

We won’t bore you with yet another article about the recent rate hike by the Federal Reserve. This move was widely expected, as the Fed members had been hinting this would happen for several months now. Additionally, the new ‘hints’ about an additional two rate hikes later this year also didn’t surprise the market as […]

What The New CIA Leaks Tell Us About The US Government

Authored by Alice Salles via TheAntiMedia.org, “The greatest danger to the State is independent intellectual criticism.” – Murray Rothbard WikiLeaks may have finally done what many small and anti-government advocates have only dreamed of. They exposed the Central Intelligence Agency (CIA) for what it is: a bloated government bureaucracy that has grown much too large […]

Caught On Video: Hillary Clinton Warns She's "Ready To Come Out Of The Woods"

After months of crying in bed and moping around the woods of Chappaqua sulking over her shocking loss last November, Hillary Clinton told “The Society of Irish Women” at a St. Patrick’s Day speech in Scranton, Pennsylvania on Friday night that she’s finally ready to “come out of the woods.”  And while that comment could […]

9/11 Widow Questions Trump: "America First Or Saudi Arabia First?

Authored by Kristen Breitweiser via The Strategic Culture Foundation, Dear President Trump, This week you met with Saudi Deputy Crown Prince Mohammed Bin Salman.  As a 9/11 widow who has fought for more than 15 years for truth, justice, accountability and transparency with regard to the murder of my husband, Ron, I have a considerable interest in […]