Sunday, October 2, 2016

September Publication of Daily Chronology of Global Markets and World Economics 2016-09 is Available from Amazon; WFC (Wells Fargo) Scandal; DB (Deutsche Bank) Crashes Creating Contagion; "Rosengren Selloff"; "Clinton Rally" After First Debate; G-20 Summit; OPEC Oil Production Cut; Record Stock Market Highs

The September publication of the Daily Chronology of Global Markets and World Economics 2016-09 is available through Amazon (AMZN). The epic market action continues.

September's Cover Highlights;

Record Highs COMPQ 5340, NDX 4896, AMZN (Amazon) 840
RUT Record 2016 High at 1263
WFC (Wells Fargo) Scandal
DB (Deutsche Bank) Crashes Creating Contagion
"Rosengren Selloff"
"Clinton Rally" after First Debate
G-20 Summit
OPEC Oil Production Cut

The stock market prints new record highs in September comparable to the August highs. WFC lays an egg firing over 5,000 employees for creating false accounts while the management keeps their jobs and lucrative salaries. DB is the 900-pound gorilla on the trading floor this month. Deutsche Bank is in collapse creating fear that the 2007-2009 financial crisis will be repeated beginning with a failure at the troubled German lender. However, Deutsche Bank does not appear to be in a liquidity crisis like Lehman Brothers in late 2008 and instead requires recapitalization to get through the next nine to 12 months. The key is who supplies that funding backstop especially when Chancellor Merkel places her foot in her mouth and says she will not bailout Deutsche. The drama continues.

Fed's Rosengren, typically a dove, flaps hawkish wings causing a stock market selloff. The first presidential debate takes place with Clinton out maneuvering Trump by a small margin. Stocks rally the next day as Wall Street prefers Clinton as the next POTUS. She is in the back pocket of the investment banks since she was paid lucrative fees for showing up at token luncheons. The US presidential election is only five weeks away on 11/8/16. The G-20 Summit occurs. OPEC says it will cut oil production creating a big push higher in oil prices.

The chronology explains the reaction in stocks, bonds and currencies to key events and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists in this format where the stock, bond and currency moves are provided and explained as world events take place in real-time.

The chronology records economic history preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 repeat the same mantra in 2015-2016. The stock market topped out in May 2015 which placed anyone that listened to television pundits over the last couple years either flat or underwater on their long trades, however, the central banker go juice has pumped stocks higher from February of this year to present to new all-time highs rewarding those that blindly remain long with full confidence in the Federal Reserve.

Analyst and strategist quotes and words are recorded in the chronology so credit or disdain can be handed out in the future. If a multi-year top is printing, the chronology serves as the most accurate accounting of the stock market topping process ever recorded in economic and market historyThe chronology is the most reliable and easy to understand source for explaining global marketsThe chronology is very easy to read and avoids using fancy ten-dollar college words.

As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the margins or simply searching on Amazon or Google. The monthly publication contains updated information not posted on this web site as well as clarifications, edits and refinements to the ongoing daily blog text. (Note: Daily blog postings have been suspended due to inadequate support for the KE Stone blog sites by the thousands of international daily users; for now the 
valuable economic and market information provided by Keystone the Scribe is only available through Amazon)

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the stock market tops and bottoms occur in real-time. The monthly publications are compatible with any electronic device and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.

The KE Stone Series of blogs are viewed by 100's of thousands of people around the globe each month including money managers, strategists, analysts, investors, teachers, students, traders, historians, economists, current event enthusiasts, hedge fund managers, political junkies, futurists and folks that truly want to understand how the world's economic systems and markets function. All readers should support the blogs so more information, articles, stories, market and economic insight, charts and technical analysis can be provided.

Sunday, September 18, 2016

Quarterly Reminder September 2016

It's time for the Quarterly Reminder,

The KE Stone blogs (Keybot the Quant; Keystone Speculator; Keystone the Scribe) generate huge international interest with thousands of daily followers and continue to increase but the support does not match the strong interest. At the same time, ad blocking software continues to destroy free original content on the internet.

Daily updates to the Keystone the Scribe website are suspended but the Daily Chronology of Global Markets and World Economics monthly publications will continue through Amazon. The September Daily Chronology 2016-09 will be published and available internationally on 10/1/16. The October release is tentatively set for a 11/5/16 publication date.

The Keybot the Quant algorithm updates are suspended. Ditto all the charts and valuable technical analysis on the Keystone Speculator site. The support for the sites do not match the thousands of daily users. Proceeds from the blogs go to charity.

Saturday, September 17, 2016

SUNDAY 9/18/16; German Elections

The New York City bombing is a major focus of Americans as they wake on Sunday morning. Authorities are determining what links, if any, exist between the 

[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

Global 10-year yields are; Brazil 12.23%, India 6.87%, Mexico 6.03%, Portugal 3.39%, New Zealand 2.54%, Australia 2.10%, Singapore 1.84%, US 1.69%, South Korea 1.57%, Italy 1.34%, Canada 1.19%, Spain 1.07%, Hong Kong 0.92%, UK 0.87%, France 0.30%, Netherlands 0.11%, Germany 0.00%, Japan -0.05%, Switzerland -0.45%.

The German 10-year yield moves up and out of negative territory this week. The US-German 10-year yield spread is 169 bips. The rise in the Portugal yields is a canary in the sick global economic coal mine. The Portugal 10-year yield was sub 3% a couple weeks ago. The German-Portugal 10-year yield spread is 339 basis points and widening. As the US Apollo 13 astronauts said in 1970 on their trip to the moon, “Houston, we have a problem.” The sick banks in the peripheral nations of Italy, Spain and Portugal, and especially Germany’s Deutsche Bank, may bring the entire global economy and markets to their knees. Pay attention to the Portugal 10-year yield.

Euro 1.1155. Dollar/yen 102.28. Pound 1.3001. US dollar index 96.02. WTIC oil 43.19. Brent oil 45.77. Natural gas 2.96. Gold 1313. Silver 18.84. Copper 2.16.

US Treasury yields will begin the new week of trading at; 2-year 0.76%, 5-year 1.20%, 10-year 1.69%, 30-year 2.45%. The 2-10 spread is 93 basis points up from the 70’s one month ago reflecting a steeper yield curve. The 5-30 spread is 125 bips.

SATURDAY 9/17/16; US Airstrikes Kill Syrian Troops; Bombs Detonate in New Jersey and New York City

SPX 2139. INDU 18124. COMPQ 5245. RUT 1225. NIKK 16519. SPASX200 5297. KOSPI 1999. SSEC 3003. HSI 23336. BSE 28599. DAX 10276. CAC 4332. FTSE 6710. MIB 16192. IBEX 8633. PSI 4471.

Typhoon Meranti is wreaking havoc in southeast China. Typhoon Malakas is hitting northern Taiwan and may spin off to the 

[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

More mayhem. A deranged Muslim sympathizer goes on a stabbing rampage in a Minnesota mall. The slasher yells, “Allahu Akbar (God is Great!)!” as he stabs the victims. An off-duty police officer shoots the deranged man dead. It is great that law-abiding citizens are allowed to carry concealed weapons and can step up to save lives. The stabbing victims survive.

Thursday, September 15, 2016

FRIDAY 9/16/16; DB (Deutsche Bank) Crashes -10%; Italian Banks Collapse; German Bund Yield Turns Negative; EU Summit; OpEx Quadruple Witching; CPI (Consumer Price Index); Consumer Sentiment; MIB Mini-Crashes -2.4%; US Stocks Selloff; European Indexes Collapse this Week; AAPL (Apple) Carries US Major Indexes Higher this Week

Today is the peak in the Harvest moon at 3:07 PM EST and also a prenumbral eclipse. The full moon will appear very bright with the

[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

Apple is the standout this week with AAPL gaining +11.4% driving the Dow Industrials and Nasdaq indexes higher. Apple creates nearly 90 points of gains in the Dow Jones Industrials during the week and accounts for about 7 of the 11 points of gains in the S&P 500. The stock market rally occurs this week in the States due to Apple iPhone 7 joy. 

Wednesday, September 14, 2016

THURSDAY 9/15/16; BOE Policy Decision; PPI (Producer Price Index); Retail Sales; Philly Fed Survey; Empire State Mfg Survey; Industrial Production; Business Inventories; US Stocks Rally; AAPL +3%; ORCL

US futures are marginally higher. S&P +3. Dow +23. Nasdaq +5. Markets are closed for  holidays in China, Taiwan and South Korea. Taiwan is smacked by Typhoon Meranti that kills one person and 

[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

After the closing bell, ORCL drops -2% after missing on the top and bottom lines on earnings. The lackluster Oracle results may dampen the mood in tech stocks tomorrow. SANW sows the seeds of victory gaining +3% after earnings.

Tuesday, September 13, 2016

WEDNESDAY 9/14/16; European Commission President Juncker Speaks; Import/Export Prices; Oil Tanks -3%; Copper Rallies +3%

US futures are marginally higher. S&P +2. Dow +14. Nasdaq +3. Aussie and Asia index futures are pointing lower heading towards the 

[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

The US Census Bureau reports that median household income has increased +5.2% in 2015 to $56,516. This is the largest increase in 50 years. The percentage of Americans living in poverty decrease. The report paints a rosy picture and is the best economic news that President Obama has received in a long time.