TUESDAY 3/24/15; Global PMI’s; MKC; CPI (Consumer Price Index); SCS

As trading is set to begin in Asia, US futures are marginally higher. S&P +2. Dow +12. Nasdaq +5. Euro 1.0940. Dollar/yen 119.83. Pound 1.4953. Aussie dollar 0.7868. WTIC oil 47.21. Brent oil 56.68. Natty gas 2.75. Gold 1189. Silver 16.97. Copper 2.8570.

US Treasury yields are; 2-year 0.58%, 5-year 1.39%, 10-year 1.92%, 30-year 2.52%. The 2-10 spread is 134 basis points.

The NIKK begins trading flat. The China HSBC PMI is 49.2 missing estimates and at an 11-month low. China’s economy remains fragile and the domestic economy is not improving as the communist leaders hope. The SSEC drops nearly -2% but recovers into the closing bell to end marginally positive continuing the longest winning streak in 23 years. Traders know the PBOC has no choice but to keep supplying easy money like all other central bankers around the world so stocks are bid higher. What a sick world the global central bankers have created. Weak economic data is cheered and the wealthy, that own stocks, become richer as common people suffer.

The HSI drops -0.4%. The NIKK ends down -0.2% retreating from yesterday’s 15-year record high. Eisai gains nearly +10% adding to yesterday’s huge gains on encouraging results with its Alzheimer’s drug. The SPASX200 is up +0.2% despite the weak China PMI that shows lackluster demand for raw materials. KOSPI +0.2%. India stocks are trying to reverse a four-day slump trading marginally higher.

European indexes trade lower after the opening bell waiting on the manufacturing data. 














[Text is Redacted: Purchase March 2015-03 to Read the Complete Chronology]



































Storage at the Cushing facility bumps another two million barrels higher. Oil inventories continue climbing for the last three months at the fastest pace in over one decade. Traders are focuses on the EIA Oil Inventories tomorrow morning.

Asset bubbles continue to grow in stocks, bonds, dividend stocks, biotech stocks and high-end real estate, art, collectables and classic cars. The six years of obscene Keynesian central banker money printing creates the excesses. Sales in classic cars in 2014 exceed $1.4 billion a new record. A Picasso painting goes on the block in May for a record $140 million.

The wealthy are diversifying their huge stock market gains into different asset classes blowing large bubbles across many investing segments. While the wealthy become filthy rich courtesy of the Federal Reserve and other global central bankers, the common people suffer daily through high debt and lackluster job opportunities. The separation of rich and poor is at the greatest divide in over 40 years and will lead to social unrest in the months and years ahead.