MONDAY 8/31/15; EOM (End of Month); Chicago PMI; Oil Rally Continues; Global Stocks Trade Lower

At 8 AM Tokyo time (7 PM EST Sunday evening in the States), the week is beginning on a sour note. US futures are down big; S&P -26. Dow -208. Nasdaq -51. The stock market recovery in the back half of last week is forgotten. Nikkei Index futures point to a 

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....requires a priority check since he is not focusing on the important issues facing the United States and the world including the US economy, terrorism (9-11 anniversary), war and potential pandemics. Time will tell if his lax complacency forecasts world turmoil, like Nero fiddling when Rome was burning, or not.

If the United States and world slides down the rabbit hole in the coming weeks and months, his recent vacation frolicking in Martha’s Vineyard with the rich and famous and his current hiking trip in Alaska will expose serious errors in judgment. The stakes are high for America. Global markets are taking on a sour outlook moving into Tuesday. US futures are trending lower.

SUNDAY 8/30/15

Chinese Premier Li paints a rosy picture for the economy and 















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 President Obama invested millions of taxpayer dollars in Solyndra to push his alternative energy plan only to watch the company go belly-up. Solyndra is a comedy of errors as the company fudged the loan application and government officials, gun-ho to provide loans to green companies, did not perform due diligence. The government did not review the application properly and if they had the taxpayer’s money would not have been wasted under the presidents watch. To no surprise, several big shot investors that benefited from Solyndra had close ties to President Obama and his administration.

SATURDAY 8/29/15; Jackson Hole Symposium; Fed Vice Chair Fischer Speaks

SPX 1989. INDU 16643. COMPQ 4828. RUT 1163. DAX 10299. CAC 4675. FTSE 6248. MIB 21994. IBEX 10353. PSI 5286. NIKK 19136 (above 19K). SPASX200 5264. KOSPI 1938. SSEC 3232. HSI 21612. BSE 26392.

Euro 1.1178 (below 1.12). Dollar/yen 121.70. Pound 1.5391. WTIC oil 45.33 (above 45). Brent oil 50.05 (above 50). Natural gas 2.724. Gold 1133. Silver 14.565. Copper 2.338.

US Treasury yields are; 2-year 0.72%, 5-year 1.52%, 10-year 2.18%, 30-year 2.91%. German bund 0.732%. Japan 10-year yield 0.389%.

28 people are killed in 


















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.... purchasing SPY at 210 and higher have lost over -5% of their capital and at the low last week when the market sold off were down as much as -13%. Other Fox and CNBC business news pundits have been telling investors to buy dividend stocks all year long. Anyone buying SDY or DVY dividend ETF’s, a proxy for dividend stocks, have also lost from -5% to -13% of their capital. Of course the losses are brushed off by pundits, money managers and financial advisors because they will tell you to "invest for the long term.” Following the long-term investment thesis may turn out to be a fatal mistake as the years play out.

FRIDAY 8/28/15; PBOC Pumps Chinese Stocks Higher; BIG; Jackson Hole Symposium; Personal Income and Outlays; Consumer Sentiment; AAPL Death Cross; Two-Day Oil Rally Sends WTIC Above 45 and Brent Above 50; Asia, European and US Stocks Finish Week Positive After Dramatic Selloff

Japan Nikkei Index futures are indicating a positive start and the NIKK should move above 19K. Dollar/yen 121.13. Japan CPI is +0.2% less than last month’s +0.4% but greater than the low-ball -0.2% expectation. Household spending data is weak, however, July retail sales are up +1.6% beating estimates. In South Korea, negotiations 









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 Tragically, over 2400 migrants have died this year drowning in the Mediterranean Sea as they try to escape Islamist radicalism. President Obama and other Western leaders are unwilling to address the growing Islamist radical caliphate, except for air strikes, leading to the ongoing human tragedy.

In Austria, 50 migrants are found dead in the back of a box truck on the side of the road. 300K migrants have fled the Middle East and northern Africa creating one of the largest human migrations in human history. European nations are struggling to deal with the ongoing crisis.

THURSDAY 8/27/15; Cascading Global Stock Market Rally; TIF; Jackson Hole Symposium; GDP (Gross Domestic Product); European and US Stocks Explode Higher; WTIC Oil Up +10%; ADSK; ARO; SWHC; SPLK

Asian indexes begin trading on an upbeat note. The NIKK is up +1.6% out of the gate, the ASX 200 gains +0.3% and the KOSPI is up +1%. Fed’s Dudley said yesterday there is “no compelling reason to raise rates in September” helping create the strong record-setting relief rally. The positivity cascades to Asia trading.

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.....one billion people logged on to FB today a company milestone. That is a lot of folks posting fake vacation photos, telling exaggerated stories about their life and wealth, pretending they know famous celebrities and spewing adolescent-style argumentative language at each other. Zuckerberg claims that 20% of the world’s population is on Facebook a questionable statistic. FB enthusiasts may have multiple accounts which would drastically reduce this claim. 15% of the US population are Luddites with no attachment or interest in the new technology age.

WEDNESDAY 8/26/15; SSEC Sells Off Despite Stimulus; ANF; Durable Goods; European Stocks Selloff; US Stocks Print Record Rally; AVGO; PVH; WSM; WDAY

Nikkei Index futures point to a lower open. US futures remain in a bad mood. S&P -18. Dow -140. Nasdaq -52.

At 9 AM Tokyo time (8 PM EST Tuesday evening), the NIKK begins trading higher gaining +0.5%. Australian and Korean stocks trade marginally lower. Japan says the stadium for the 2020 Olympics is behind schedule and over budget.

Asian indexes print a mixed session after 































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Hot shot activist investor Bill Ackman at Pershing Square releases a note to investors that the hedge fund is negative on the year. NKE, UNH and HD each remain up over +10% on the year.

Euro 1.1324. Dollar/yen 120.18. Pound 1.5465. WTIC oil 39.00. Brent oil 43.64. Natural gas 2.679. Gold 1124. Silver 14.125. Copper 2.2685.

US Treasury yields are; 2-year 0.68%, 5-year 1.485%, 10-year 2.181%, 30-year 2.935%. The 2-10 spread is 150 bips indicating a steepening yield curve up from the high 130’s last week. Japan 10-year yield 0.377%. German bund 0.711%.

TUESDAY 8/25/15; SSEC Crashes -8%; PBOC Announces Rate Cut and Other Stimulus; European Stocks Rally; BBY; SAFM; TOL; New Home Sales; Consumer Confidence; 2-Year Note Auction; US Stocks Rally then Collapse; NMBL; RIG Cuts Dividend

Fifteen minutes before Japan, Australia and Korea stocks open for trading at 8:45 AM Tokyo time (7 :45 EST Monday evening), US futures are up large. S&P +12. Dow +100. Nasdaq +23. However, fair value is high as well so the large numbers only equate to a flat to slightly negative open for Tuesday trading in the States. Bulls will need to 














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RIG collapses -11% after announcing plans to seek shareholder approval for a cut to the Q3 and Q4 dividend. This is troubling. Chemical giant Dupont, DD, was first to cut its dividend now Transocean. The more that blue chip companies cut dividends the worse the markets and economy becomes.

MONDAY 8/24/15; SSEC Crashes -8.5% in China’s “Black Monday”; Cascading Global Selloff Continues; WTIC Oil Sub 38; Brent Oil Sub 43; US 10-Year Yield Under 2%; Euro Above 1.16; European Stocks Collapse; SPX -10% Correction Territory; US Stocks Mini-Crash

At 7:12 AM Tokyo time Monday morning (6:12 PM EST Sunday evening in the States), US futures are in a bad mood. S&P -11. Dow -101. Nasdaq -29.

At 7:30 AM Tokyo, S&P -14. Dow -136. Nasdaq -33. Taiwan is 













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10-year 2.01%, 30-year 2.73%. The 2-10 spread is 143 bips. The 5-30 spread is 135 bips. Japan 10-year yield 0.358%. German bund 0.592%. The US-German 10-year yield spread is 142 bips.

SUNDAY 8/23/15

Another chemical explosion occurs in Shandong, China, not connected to the major Tianjin port disaster. One person is 









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PBOC remains quiet so the lack of stimulus from China creates a sour mood to begin the new week of trading. At 6 PM EST, US futures open down. S&P -12. Dow -92. Nasdaq -30. 

SATURDAY 8/22/15

SPX 1971. INDU 16460. COMPQ 4706. RUT 1157. DAX 10125. CAC 4631. FTSE 6188. MIB 21746. IBEX 10272. PSI 5288. NIKK 19436. SPASX200 5215. KOSPI 1876. SSEC 3508. HSI 22410. BSE 27366.

Euro 1.1392. Dollar/yen 122.01. Pound 1.5695. WTIC oil 40.29. Brent oil 45.46. Natty gas 2.687. Gold 1160. Silver 15.32. Copper 2.2955.

US Treasury yields are; 2-year 0.62%, 5-year 1.43%, 10-year 2.045%, 30-year 2.74%. German bund 0.575%. Japan 10-year yield 0.36%.

At 6 AM EST (7 PM Seoul, South Korea, local time), North Korea and South Korea officials meet at 













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............ migrant problems in Europe are historic. Yemen is a humanitarian crisis. Terrorism in France. Wildfires and race protests in the United States. The stock market crashes into correction territory (-10%) as China’s economy stalls and global deflation takes hold. President Obama continues frolicking at Martha’s Vineyard with the wealthy elite playing golf and riding a bicycle.

FRIDAY 8/21/15; Cascading Global Selloff Continues; Global PMI’s; DE; FL; OpEx; INDU, COMPQ and RUT -10% Correction; AAPL in Bear Market; WTIC Oil Sub 40; European and US Stocks Mini-Crash

At 6:50 AM Tokyo time Friday morning (5:50 PM EST Thursday evening), Asian and Aussie traders are up early unable to sleep as they monitor the 



















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...................higher and now take the indexes lower. This behavior illustrates the danger of stock market highs occurring due to only a select few stocks; markets turn ugly fast when the stocks fail. A healthy stock market has broad-based participation.

THURSDAY 8/20/15; Emerging Market Currencies Weaken; Cascading Global Stock Market Selloff through Asia and Europe; WTIC Oil Holds 40 Support; SHLD; Existing Home Sales; Philadelphia Fed Survey; US Stocks Collapse; SOX Bear Market; US 10-Year Yield Under 2.10%; CRM; HPQ; GPS

Asian indexes follow the US lead and print red numbers across the board. The NIKK loses 189 points, -0.9%, to 20034 hanging on to 20K by the skin of its teeth. Auto maker Toyota Motor is 























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A secret deal is exposed in the Iran nuclear agreement under review by Congress. In a laughable but concerning change of events, President Obama and Secretary Kerry have agreed to allow Iran perform its own inspections of nuclear sites; this is the fox guarding the hen house. Allowing Iran to phone in their own nuclear site inspections is like hiring a known embezzler to take care of the company books. The president gave away the store to Iran.

WEDNESDAY 8/19/15; PBOC Defends SSEC 200-Day MA Support; AEO; LOW; TGT; HRL; SPLS; CPI (Consumer Price Index); FOMC Minutes; European and US Stocks Selloff

US futures are flat as Asian markets prepare to begin trading. Semiconductors were hit hard in US trading and Asian chip companies may experience selling pressure.

The broad market selling




















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...  the Fed in no rush to raise rates due to the sluggish economy.

TUESDAY 8/18/15; SSEC Crashes -6%; DKS; HAIN; HD; WMT; TJX; Housing Starts; LZB

Euro 1.1076. Dollar/yen 124.43.
















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............ missiles nearly 200 miles. As Congress reviews the Iran nuclear deal, where President Obama and Secretary Kerry allegedly gave away the store, Iran sticks a thumb in Uncle Sam’s eye and Putin kicks him in the shins. President Obama objects to the sale since an arms ban remains in place with the sanctions against Iran but no one listens to the lame duck president that never backs up what he says.

MONDAY 8/17/15; Japan GDP; EL; Empire State Mfg Survey; URBN

At 8:05 AM Tokyo time (7:05 PM EST Sunday evening in the States), Nikkei and the Aussie ASX 200 futures point to higher opens to begin the week. The Australian’s are happy as pro golfer Jason Day, from the




















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.......... shines +6% higher on an investment partnership with GS. A drops -0.6% after Agilent beats on the top and bottom lines. Utility infrastructure company MTZ loses -7.5% after missing on EPS but beating on the top line.

SUNDAY 8/16/15

Indian Prime Minister Narendra Modi visits Abu Dhabi, UAE, to promote trade  and investment opportunities. There are 2.6 million Indians 




















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........... such a government surveillance style society in America. Nonetheless, the majority of Americans are freely giving up their liberty for the perception of safety without even thinking twice. As Benjamin Franklin said over 200 years ago, these folks deserve neither liberty nor safety.

SATURDAY 8/15/15

SPX 2092. INDU 17477. COMPQ 5048. 

















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.... from McIlroy. Sponsor NKE continues to pay Tiger Woods for missing cuts and performing poorly. Nike may be questioning the wisdom of continuing their partnership with Woods and his flailing golf game.

FRIDAY 8/14/15; European GDP's; JCP; PPI (Producer Price Index); Industrial Production; Consumer Sentiment

Chinese security regulators say the market fluctuations are normalizing and global investors should not expect open-ended yuan devaluation. China wants to allow 






























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 is suspended as rain and lightning ends the day. Aussie’s Jason Day and Matt Jones lead the contest that concludes on Sunday.

THURSDAY 8/13/15; PBOC Stabilizes Yuan; AAP; KSS; Retail Sales; Import and Export Prices; Business Inventories; WTIC Oil Sub 42 a 6-1/2 Year Record Low; AMAT; JWN; LOCO; VJET

At 8:30 AM Tokyo




















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... off the lead.

WEDNESDAY 8/12/15; Cascading Global Selloff; China Further Devalues Yuan; German 2-Year Yield -0.29% and 10-Year Under 0.60%; Euro Above 1.11; M; BABA; JOLTS Report; 10-Year Note Auction; US Stocks Stage Dramatic Turnaround Rally Intraday; CSCO

At 8:02 AM Tokyo time (7 PM EST Tuesday evening in the States), US futures are 





















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CEO Chuck Robbins provides his first conference call commentary; it is odd to no longer hear John Chambers at the helm after a couple decades. CACI misses on earnings. NTES drops -3% after reporting earnings. On a sad note, former President Jimmy Carter, 90 years old, says he has cancer throughout his body and will begin treatment next week.

TUESDAY 8/11/15; China Devalues Yuan; Global Currency War Accelerates; Greece Finalizes Bailout Agreement; ORLY; RRGB; Productivity and Costs; Wholesale Trade; European and US Stocks Selloff; Oil Stumbles WTIC at 43 Brent at 49; FOSL; SYMC

Asian indexes are set to receive 






















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 5-30 spread is 129 bips. Japan 10-year yield 0.406%. German bund 0.634%. The German-US 10-year spread is 151 bips.

MONDAY 8/10/15; Weak China Data Paves Way for PBOC Stimulus; DF; US Stocks Rally; Oil Rallies WTIC 45 Brent Above 50; KHC; SHAK; HTZ; MDR; XONE

Singapore markets are closed as the 50th anniversary celebrations of independence come to a 

















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 Japan 10-year yield 0.42%. German bund 0.705%.