The October publication of the Daily Chronology of Global Markets and World Economics 2015-10 is available through Amazon (AMZN). The epic market action continues. Stocks were beaten lower in August and September. The stock market languished sideways in choppy trading and was about to roll over when the global central bankers colluded to save the day. The upside global stock market rally started when WSJ journalist Jon Hilsenrath released an article after the bell on Wednesday, 10/14/15. Many market participants believe that Hilsenrath serves as a mouthpiece for the Federal Reserve so the dovish article hinting that the first rate hike will not occur until 2016 sends US futures higher and the stock market never looked back.
More dovish Fed talk followed to goose stocks. ECB President Draghi chimed in promising more QE easy money on 12/3/15. The PBOC (China's centrla bank) announced a rate cut and easier bank lending requirements further goosing world markets higher. The FOMC meeting last week tops off the joy creating another upside thrust. The central bankers are the market. The collusion as well as other important market events is explained in detail in the chronology as events unfold.
The European migrant crisis is out of control. Muslim terrorists have infiltrated the refugee migration and are now disappearing in Western nations to conduct terrorist attacks in the future. The violence and chaos across the Middle East and northern Africa may lead to WW III.
China's economy remains on the skids but global trader's continue to whistle past the graveyard since central bankers keep printing money to goose stocks higher and make the rich wealthier.
The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 are repeating the same mantra this year. Many managers are finally revising their lofty SPX 2200 and 2300-plus targets lower for this year but others are remaining entrenched in their calls for SPX 2200, 2300 and higher by year end. Long term sentiment remains very strongly bullish. Their quotes and words are recorded in the chronology so credit or disdain can be handed out in the future. Perhaps they are correct with their market cheer leading; perhaps they are not. If a multi-year top has printed, the chronology serves as the most accurate accounting of the stock market topping process ever recorded. The chronology is the most reliable and easy to understand source for explaining global markets.
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 and refinements to the daily blog text.
We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the recent stock market top formed in real-time. The monthly publications are compatible with most electronic devices 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. Download this valuable resource today.
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