Friday, December 30, 2016

SATURDAY 12/31/16; New Year’s Eve

SPX 2239. INDU 19763. COMPQ 5383. RUT 








[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]












celebrations begin cascading around the world.

Thursday, December 29, 2016

FRIDAY 12/30/16; EOM; EOQ4; EOH2; EOY; Euro Flash Spike and Flash Crash; FTSE Prints Record High; Chicago PMI; VIX (Volatility) Teases 200-Day MA

Today is the last trading day of the month; EOM. Also the last trading day for 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]






 not track lower over the next couple years to honor the 18-year cycle.

Wednesday, December 28, 2016

THURSDAY 12/29/16; International Trade; Wholesale Trade; President Obama Issues Sanctions Against Russia; Russia Vows Retaliation

Euro 1.0419. Dollar/yen 117.04. Pound 












[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]












responds to the sanctions vowing retaliation. Russia Presdient Putin says ‘the sanctions exhibit aggressive behavior from the US’. President Obama creates a mess and tosses it into Trump’s lap before the orange-headed leader takes office in 22 days.

WEDNESDAY 12/28/16; German 2-Year Bund Yield Record Low -0.83%; FTSE Prints Record Closing High; Dow 20K Watch Continues; 5-Year Note Auction

Asia and Aussie indexes begin trading mixed. Australia is 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]














company will create 3K jobs. Softbank owns 80% of Sprint so some of the jobs are likely part of the previously announced number when Softbank visited Trump Tower. Trump is a showman. Carnival-barking skills are an attribute for a president. S trades down marginally in late trading.

Monday, December 26, 2016

TUESDAY 12/27/16; Japan and China Economic Data; US Consumer Confidence; Dow 20K Watch Continues; German 2-Year Bund Record Low Yield -0.82%; US-German 10-Year Yield Spread Record Widening; US 2-Year Note Auction; COMPQ (Nasdaq Composite) and NDX (Nasdaq 100) All-Time Highs; COMPQ Tags 5.5K; NYA (NYSE Composite) Flash Spike and Crash Behavior

Asian investors rise from slumber and 










[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]











making a bounce or die decision. The VIX is at 11.99 sporting an 11-handle so the market bears do not have a chance. President Obama and Japan PM Abe meet in Hawaii and visit Pearl Harbor.

MONDAY 12/26/16; US Markets Closed for Christmas Holiday; Happy Kwanza; Happy Boxing Day

US markets are closed today as well as other 









[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]














 Dollar/yuan 6.9490. Aussie dollar 0.7226.

Saturday, December 24, 2016

SUNDAY 12/25/16; Merry Christmas; Happy Hanukkah

Merry Christmas. Happy Hanukkah. 






[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]






 data indicates a +3.6% increases in sales this year in line with expectations. Americans spent $655 billion on gifts. The average person spent slightly less than last year’s record amount.

SATURDAY 12/24/16; Christmas Eve

SPX 2264. INDU 19934. COMPQ 5463. RUT 1372. NIKK 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]







 pundits are now out in full force to end 2016 proclaiming big gains in stocks ahead for next year.

Hanukkah begins at sundown.

Friday, December 23, 2016

FRIDAY 12/23/16; Italian Banks to be Nationalized; Monte dei Paschi Suspended; DOJ Announces European Bank Settlements; Russia President Putin’s Year-End Press Conference; Bitcoin Goes Parabolic; Dow 20K Watch Continues; New Home Sales; Consumer Sentiment

Today is the last day of trading until 








[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]









regulates commercial banks in the US along with the SEC and other organizations. The cyber attack gained access to former Chairwoman Sheila Bair’s computer. The Chinese are suspected of carrying out the cyber warfare.

Wednesday, December 21, 2016

THURSDAY 12/22/16; Italian Bank Worries Linger; Bitcoin Goes Parabolic Topping 800; CAG; Dow 20K Watch Continues; Durable Goods; GDP (Gross Domestic Product); US Income and Spending; Leading Indicators; CALM; CTAS

The Dow 20K watch continues. Stocks are








[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]










 was not planning to defend Israel in the vote which is a diversion from US policy. Trump twists Egypt’s arm behind the scenes and the UN postpones the vote. Trump says the US will continue to support Israel. The US provides aid to Egypt so that was likely held over their head. Obama is a lame duck. Trump is taking control.

Tuesday, December 20, 2016

WEDNESDAY 12/21/16; First Day of Winter; European Banks in Turmoil; ACN; FINL; PAYX; WGO; Dow 20K Watch Continues; Existing Home Sales; VIX Prints 10-Handle a Multi-Year Low; Natural Gas Explodes Over +8% Higher; BBBY; MU; MLHR; RHT

Today is the First Day of Winter in the 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]









and will create happiness in the chip sector tomorrow. BBBY is down -2.6% off the lows. Bed Bath & Beyond still needs to change the sheets after the earnings report.

Monday, December 19, 2016

TUESDAY 12/20/16; BOJ Policy Decision; European Terrorism in Focus; CCL; DRI; FDS; GIS; KMX; NAV; VAL; Dow 20K Watch Continues; INDU (Dow) and COMPQ (Nasdaq Composite) Print New All-Time Highs; NDX (Nasdaq 100) New All-Time Closing High; FDX; NKE; SCS

Russia and Turkey are communicating and 






[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]








 are a big draw down of 4.2 million barrels more than the 2.4 million expected. WTIC oil 52.22. Brent oil 55.53. Prices should float higher on the data. The EIA Oil Inventories are released tomorrow morning. After the data, WTIC oil is above 53.

Sunday, December 18, 2016

MONDAY 12/19/16; BOJ Two-Day Policy Meeting Begins; LEN; PMI Services Index; Dow 20K Watch Continues; NYSE Arca System Outage; NDX (Nasdaq 100) All-Time High; Fed Chair Yellen Speaks; Russian Ambassador Assassinated in Ankara, Turkey; Terrorist Attack in Berlin, Germany

The major US indexes are at or near 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]








to stabilize the Berlin truck incident. Officials are hesitant to label the event as a terrorist attack until more information is gathered. Germany will not yet release the names of the two people inside the truck that drove the vehicle into the crowd. One minute people were happy and laughing enjoying the holiday festivities the next minute many lay dead as others grasped for breath. Lungs and limbs are crushed.

SUNDAY 12/18/16

A 7.9 earthquake hits 





[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]







bund yield is going to have to come up or the US 10-year yield is going to have to retreat or any combination of the two. Japan 10-year yield 0.08%. UK gilt 1.44%. Italy 10-year yield 1.87%. Portugal 10-year yield 3.76%.

Friday, December 16, 2016

SATURDAY 12/17/16

SPX  2258. INDU 19843. 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]








say DIS will gain +30% and BKS +20% over the next year. Other picks include QSR, PRDMX and VNO, a REIT focused on New York City and Washington, DC. Market participants remains bullish on the stock market; bears are as rare as hen’s teeth.

Thursday, December 15, 2016

FRIDAY 12/16/16; German 2-Year Yield at Record Low -0.80%; OpEx Quadruple Witching; Housing Starts; Dow 20K Watch Continues

US futures are flat to higher. S&P +2. Dow +22. Nasdaq +6. Euro 1.0417. Euro/yen 123.19. Dollar/yen 118.26. 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]










prints an all-time high at 19966 this week coming within 34 points of the psychological milestone. Trading floors are well stocked with Dow 20K hats ready to celebrate the event that everyone expects at any time. Will happy heads display the Dow 20K caps next week or will the hats collect dust in the corner?

Wednesday, December 14, 2016

THURSDAY 12/15/16; FOMC Rate Decision Aftermath; Dow 20K Watch Continues; Venezuela in Chaos; US Dollar Index Above 103; Euro Prints 1.03-Handle at 13-Year Lows; German 2-Year Bund Yield -0.78%; BOE Rate Decision; RAD; SAFM; CPI (Consumer Price Index); Philly Fed; Empire State Mfg Index; Silver Crashes -7%; ADBE; JBL

A few hours ago, the Federal Reserve raises the key US benchmark rate by 25 basis points, 0.25%, as expected. The 100% probability for a 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]








 holds $1.13 trillion in US bonds. Third is Ireland. Fourth the Cayman Islands. That is where the corrupt American businesses hide cash. Fifth is Brazil. Sixth Switzerland. The seventh largest buyer of Treasuries is Luxembourg. Eight is the UK. Ninth is Taiwan and the tenth largest buyer of Treasuries is Hong Kong.

Tuesday, December 13, 2016

WEDNESDAY 12/14/16; Moody’s Cuts Outlook on Italian Banks; JOY; PPI (Producer Price Index); Retail Sales; Industrial Production; Business Inventories; FOMC Rate Decision, Forecasts and Chair Yellen Press Conference; INDU (Dow Industrials) New All-Time Record High; Treasury Yields Jump Higher; 2-Year Yield 1.27%; 5-Year Yield Above 2%; Three Rate Hikes Next Year; US Dollar Index Above 102; Stocks Selloff; PIR

Like a made-for-tv-movie reaching its climax, the markets are reaching a crescendo today with the Dow Industrials on the verge of 










[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]











 CEO Marissa Mayer’s legacy at Yahoo.

Treasury yields are; 2-year 1.27%, 5-year 2.04%, 10-year 2.57%, 30-year 3.18%. The 2-10 spread is 130 bips.

Monday, December 12, 2016

TUESDAY 12/13/16; China Economic Data; Two-Day FOMC Meeting Begins; 30-Year Bond Auction; SPX, INDU, COMPQ, NDX and NYA New All-Time Record Highs

US futures are a hair negative. S&P -2. Dow -6. 









[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]














 Cushing Hub inventories are up for three consecutive weeks albeit at a slower pace this week. Gasoline inventories are robust with fuel sloshing over the sides of tanks. The IEA increases its oil demand projections for 2017. Oil prices will likely drop on the inventory build. WTIC oil leaks lower to 52.45. Brent 55.20.

Sunday, December 11, 2016

MONDAY 12/12/16; Oil Rallies Over +5%; WTIC Oil Above 54; Natural Gas Mini-Crashes -6%; SSEC (Shanghai Index) -2.5%; Dollar/Yen Currency Pair Above 116; US 10-Year Yield Above 2.50%; 3 and 10-Year Treasury Auctions; SPX (S&P 500) New All-Time High; INDU (Dow Industrials) New All-time Closing and Intraday Highs; PAY

Last week was a huge upside rally in global stocks after the Italian referendum vote. Traders expected, and received, more QE stimulus from the ECB which pumps stock markets higher. The central bankers are the market. In addition, the 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]











The five-week market rally is not broad-based. Energy, industrial and financial stocks are the big winners accounting for the bulk of the gains. 40% of the rally in the Dow Industrials after the Trump election is due to GS (bank), UNH (healthcare) and CAT (industrial). Goldman Sachs is the single biggest winner after the Trump victory. The banksters always win.

Quarterly Reminder

It is time for the Quarterly Reminder;

The KE Stone blogs, Keybot the Quant, The Keystone Speculator and Keystone the Scribe, only exist if supported by the tens of thousands of daily users around the world. During Keystone’s recent hiatus from the blogs, the emails came in at a fast and furious pace. Everyone did not want the information to stop. Fortunately, for the several hundred thousand international monthly followers of the sites, large and mid-sized donors stepped up and wanted the information to continue; many smaller donors as well which are greatly appreciated.

The quarterly reminders are never directed at the loyal supporters but instead directed at the broader readership. Any donation is welcome no matter how small but as the joke goes, big ones are even better. Keystone likes to see all users of the sites have skin in the game so even a couple bucks shows the willingness to support the information. If the blogs do not receive broad support and participation, they will end.

Many emails are constantly received requesting that the blog sites turn into a subscription-based service but Keystone has no interest in that; he takes it easy all day long. A subscription-based site is work, effort and responsibility, so, humorously, forget that. The blogs will continue as long as they are supported by a broad portion of the audience. If not, they end. So it is a very simple proposition.

Any site proceeds go to charities. Many families had a slightly better Thanksgiving since their tables were filled with more food. Keystone is helping an all-volunteer thrift shop in a nearby town, a very poor and destitute area that provides clothes and other products to help the disadvantaged. As the old saying’s go, “you can’t take money with you” when you croak and “money does not make you happy.” As you age, you realize that providing compassion to the disadvantaged and helping those in need is what provides eternal riches.

Thank you to all. Merry Christmas, Happy Holidays and Happy New Year!

SUNDAY 12/11/16

The OPEC oil cartel twists the arms of the 11 non-OPEC governments to cut oil production by a total of 558K barrels per day. The oil production cut agreement one week ago targeted a 600K barrel reduction from the 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]














 5-year 1.89%, 10-year 2.47%, 30-year 3.16%. The yield curve continues to slightly steepen the 2-10 spread now up to 133 bips.

Saturday, December 10, 2016

SATURDAY 12/10/16

SPX 2260 (all-time high). INDU 19757 (all-time high). COMPQ 







[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]









no claim of responsibility but the terrorist attack is either from the ISIS Islamic radicals or the Kurdish rebels that seek independence from Turkey. PM Erdogan, who develops more and more into a little Hitler each day, creates instability in Turkey due to his increasing authoritarian rule. Turkey is proposing constitutional amendments that would expand Erdogan’s power. Erdogan is following Hitler’s play book in Germany 80 years ago.

Thursday, December 8, 2016

FRIDAY 12/9/16; Cascading Global Rally Continues; ECB Aftermath; Did President Draghi ‘Taper’?; ECB Rejects Monte dei Paschi Request for a Funding Deadline Extension; MTN; Consumer Sentiment; Wholesale Trade; SPX, INDU, COMPQ, RUT and TRAN All-Time Record Highs

The stock markets are rejoicing to new 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]














a rate that will send the fund into insolvency in 10 years. Dallas needs to get a handle on the problem before it bankrupts the city. Other cities face similar dilemmas and if a recession hits, and the tax base is reduced (money coming in from taxes paid by workers and businesses), the situations will quickly worsen. Cities will require bailouts in the future.

THURSDAY 12/8/16; Cascading Global Rally; DAX Above 11K; US Dollar Index Briefly Under 100; SHLD; ECB Rate Decision and President Draghi Press Conference Create Rally; SPX (S&P 500), INDU (Dow Industrials), COMPQ (Nasdaq Composite), RUT (Russell 2000) and TRAN (Dow Transports) New All-Time Highs; AVGO; COO; RH

A Dow Theory confirmation occurs yesterday with the Dow Transports finally printing 












[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]















 medical device maker drops -0.5% after reporting earnings. AVGO +2.6%. FNSR +4%. RH crashes -19% after reporting earnings and offering weak guidance. DLTH crashes -17%.

Tuesday, December 6, 2016

WEDNESDAY 12/7/16; Pearl Harbor Remembrance Day; Cascading Global Rally; LULU; VRA; SPX (S&P 500), INDU (Dow Industrials), RUT (Russell 2000) and TRAN (Dow Transports) New All-Time Record Highs; Dow Theory Confirmation; CASY; COST; HRB

Today is Pearl Harbor Remembrance Day with many patriotic events planned in the 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]












 to not mention ISIS in his final six weeks in office. The president’s timid and docile approach to foreign policy where he is leading from behind, has directly led to the rise of the Islamic State which potentially may lead to WW III. No president would ever want this doom and gloom as his legacy.

TUESDAY 12/6/16; Yuan Fat Finger Confusion; TOL; BOBE; CONN; MIK; Productivity and Costs; Factory Orders; INDU (Dow Jones Industrials) All-Time Closing High; RUT (Russell 2000) All-Time Record High; AVAV; PLAY; SIGM

Tuesday begins with the Dow Jones Industrials printing new all-time highs yesterday. The major indexes are at the following all-time intraday and closing highs












[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]












are partying like its 1999. The VIX at 11.79 and the low put/call ratios verify the market complacency. The NYMO, McClellan Oscillator, moves higher towards 40 at elevated levels where a near-term market top typically occurs.

Sunday, December 4, 2016

MONDAY 12/5/16; Italy Referendum Aftermath; Italy Rejects Reforms; Fed Speak; PMI Services Indexes; ISM Non-Mfg Index; INDU (Dow Industrials) and NYA (NYSE Composite) New All-Time Record Highs; Natural Gas Rallies Over +6%

Exit polls indicate that the 









[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]

















 the Trump Rally would be poised to begin partying higher. For those that view the market as a glass half-empty, the leadership spurt due to perceived deregulation has likely already ran its course and the party is over.

November Publication of the Daily Chronology of Global Markets and World Economics 2016-11 is Available on Amazon; Trump Wins Stocks Rally; Donald Trump 45th President of the United States; Stocks Print All-Time Highs SPX 2214 INDU 19225 COMPQ 5404 RUT 1347; Global Bond Rout (Yields Explode Higher); India Cash-Swap Program; Oil Rallies on OPEC Production Cut; Market Angst Ahead of Italy Referendum

The November publication of the Daily Chronology of Global Markets andWorld Economics 2016-11 is available through Amazon (AMZN). The epic market action continues with Donald Trump elected as the 45th president of the United States (POTUS). A huge (or as Donald Trump says, “‘yuge”) Trump Rally occurs in the stock market after the election with a corresponding bond rout (lower prices higher yields).

November’s Cover Highlights;
TRUMP WINS STOCKS RALLY
DONALD TRUMP 45TH PRESIDENT OF THE UNITED STATES
STOCKS PRINT ALL-TIME RECORD HIGHS
SPX 2214 INDU 19225 COMPQ 5404 RUT 1347
GLOBAL BOND ROUT (YIELDS EXPLODE HIGHER)
INDIA CASH-SWAP PROGRAM
OIL RALLIES ON OPEC PRODUCTION CUT
MARKET ANGST AHEAD OF ITALY REFERENDUM

The month of November is historic for markets. The polls were wrong in predicting the Brexit vote and they were wrong again predicting Hillary Clinton to defeat Donald Trump. The orange-headed bombastic clown took the prize from the scandal-ridden liar in the pantsuit. The S&P futures crashed as the election results came in, however, after Trump’s early Wednesday, 11/9/16, well-received acceptance speech, stocks took off to the upside and never looked back for an epic three-week rally.

The Daily Chronology of Global Markets and World Economics is the only document available that recorded the futures, stocks, bond and currency moves in real-time as election results came in. That was quite a night of drama on Tuesday, 11/8/16, into Wednesday morning and it can only be re-lived by reading the chronology. Market enthusiasts will reference this month’s chronology for years to come since the 2016 presidential election drama is explained as it unfolds in real-time, hour by hour.

The four major stock indexes, the S&P 500, Dow Jones Industrials, Nasdaq Composite and Russell 2000 small caps all print historic all-time highs in November. Global bonds crash with yields going parabolic. Those that have been touting inflation for several years proclaim that this time inflation is here to stay. The jury remains out.

The November issue includes the results and market reactions to both the 11/4/16 and 12/2/16 job reports. OPEC reaches an oil production cut agreement which sends oil prices vertically higher with WTIC (West Texas Intermediate Crude oil) testing the 50-52 price level for the fourth time since May.

India is undergoing a major currency shift where all large cash bills are being removed from society as a means of decreasing corruption, tax evasion and black market movement of goods. The highest bill now in circulation in India is equivalent to about $15 in the United States (between a $10 bill and $20 bill). The India government does not have enough of a supply of small bills showing a gross lack of planning. India’s economy suffers from the move with GDP slipping a touch and the stock market sinking.

The drama ahead is the Italian referendum vote on Sunday, 12/4/16. This may create turmoil with the insolvent Italian banks which are pieces of garbage. Austrian elections are also occurring on 12/4/16.

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. The central banker go juice has pumped stocks higher from February of this year to present creating new all-time highs and rewarding those that blindly remain long with full confidence in the Federal Reserve’s Keynesian schemes.

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 cheap and very easy to read and avoids using fancy ten-dollar college words.

As always, all monthly publications of the Daily Chronology of GlobalMarkets 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.

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, traders, investors, teachers, students, 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 KE Stone family of blogs so more information, articles, stories, market and economic insight, charts and technical analysis can be provided. The blogs aid charities and will only continue if supported by the thousands of daily users.

SUNDAY 12/4/16; Italy Referendum; Austria Election

Voting day is here for the 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]










 5-year 1.82%, 10-year 2.38%, 30-year 3.06%.

Friday, December 2, 2016

SATURDAY 12/3/16

SPX 2192. INDU 19170. COMPQ 5256. RUT 1314. NIKK 18426. SPASX200 5444. SSEC 3244. HSI 22565. BSE 26231. DAX 10514. CAC 4529. FTSE 6731. MIB 17087. IBEX 8607. PSI 4392.

The battle in Mosul, Iraq, is taking a toll. 3000K Iraqi’s have 











[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]















Austria elections and Italy’s referendum vote are on tap tomorrow. Global markets will react on Monday.

Thursday, December 1, 2016

FRIDAY 12/2/16; BIG; US Monthly Jobs Report

Euro 1.0669. Dollar/yen 114.09. Pound 1.2593. US dollar index 100.94. WTIC  oil 50.91. Brent oil 53.63. Natural gas 3.54. Gold 1174. Silver 16.56. Copper 2.6355.

US Treasury yields are; 2-year 













[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]













Trump is poking a stick in China’s eye since Taiwan is viewed as a renegade province by the Beijing communist leadership. Trump is creating lots of drama. Trump’s foreign policy will be much more hawkish and forceful than President Obama’s docile and timid, leading-from-behind, approach.

THURSDAY 12/1/16; Global PMI’s; Oil Rally Continues; WTIC Oil Above 51; Brent Above 54; DG; EXPR; KR; SHLD; Challenger Job-Cut Report; ISM Mfg Index; INDU (Dow Industrials) New All-Time Closing High; AMBA; FIVE; SWHC; ULTA; WDAY; ZUMZ

Today is the first trading day in December. The major stock indexes start the new month at or near the following record intraday and closing highs, respectively. SPX (S&P 500) 2214.10 on 11/30/16 and 2213.35 on 11/25/16. INDU (Dow Jones Industrials) 19225.29 on 11/30/16 and 19152.14 on 11/25/16. COMPQ (Nasdaq Composite) 5403.86 on 11/30/16 and 5398.92 on 11/25/16. RUT (Russell 2000) 1347.20 for both the all-time intraday and closing high on 11/25/16. NDX (Nasdaq 100) 4911.76 on 10/25/16 and 4909.97 on 10/24/16. NYA (NYSE Composite) 10903.86 on 9/8/16 and 10890.79 on 9/6/16.










[Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.]























If Italy’s referendum vote ends in turmoil to begin next week’s trade, ECB President Draghi will likely step in by Thursday or sooner to save the day. At least, that is what traders are conditioned to think. Tonight is the eve before the epic two weeks of market drama begins. Take a deep breath.

Tuesday, November 29, 2016

WEDNESDAY 11/30/16; EOM (End-of-Month); BOE Bank Stress Tests; RBS Flunks; OPEC Meeting; Oil Rallies +8%; Brent Oil Tops 50; AEO; TITN; ADP Employment Report; Chicago PMI; SPX (S&P 500) and INDU (Dow Industrials) New All-Time Highs; Beige Book; BOX; GES; LZB; PVH

US futures are flat. S&P flat. Dow +1. Nasdaq flat. Euro 1.06524. Dollar/yen 112.52. Pound 1.2491. Dollar/yuan 6.9047. Aussie dollar 0.7484. USD 100.93. WTIC oil 45.23. Brent oil 46.34. Natural gas 3.32. Gold 1193. Silver 16.66. Copper 2.61.






[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]













After the closing bell, several mid-tier companies report earnings resulting in the following moves in late trading. BOX +1%. PSTG +1.1%. LZB beats on the top and bottom lines. GES is crushed -12%. Clothing giant PVH collapses -2.6%. Specialty retailer Tilly’s beats on the top and bottom lines. TLYS lost -4% during the regular season.

Monday, November 28, 2016

TUESDAY 11/29/16; European Economic Data; TIF; MNK; US Q3 GDP (Gross Domestic Product); Consumer Confidence; Oil Collapses -4%; COMPQ (Nasdaq Composite) Prints New All-Time Record High; ADSK; SPLK

Euro 1.0612. Dollar/yen 111.94. Pound 1.2414. USD 101.26. WTIC oil 46.90. Brent oil 48.01. Natural gas 3.19. Gold 1193. Silver 16.58. Copper 2.647.








[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]




















API Oil Inventories are a 720K barrel drawdown when a 600K build was expected. The Cushing hub experiences a big build of 2.3 million barrels. Gasoline and distillate inventories are higher. WTIC oil 45.23. Brent oil 46.34.

Sunday, November 27, 2016

MONDAY 11/28/16; Cyber Monday; OECD Growth Forecast; Italian Banks Sink; OPEC Drama; ECB President Draghi Speaks

The new trading week begins with major US stock market indexes at record highs. All-time intraday and closing highs are printed on Friday, 11/25/16, with the major indexes closing at 







[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]












After the closing bell, Tivo and Netflix sign a licensing agreement. TIVO +3.6%. NFLX -0.1%. A Texas woman contracts the Zika virus but she has not traveled outside the United States. Domestic cases of Zika have now occurred in Florida and Texas.

Saturday, November 26, 2016

SUNDAY 11/27/16; China Profit Data; French Election

China’s industrial profit growth is up +9.8% more robust than the prior month at +7.7%. The coal mining sector reports huge profits up +113% for the first 10 months of this year compared to the prior year. Iron and steel production profits are up an astounding +310%. Manufacturing profits rise +13.2%. The data shows growth in the basic materials and 











[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]


















 to get the spread back in line with more normal and expected levels. UK gilt 1.41%. Japan 10-year yield 0.03%. Other 10-year yields are; Portugal 3.57%, Italy 2.08%, Spain 1.57%, France 0.77%. Switzerland remains negative with its 10-year yield at -0.24%.

SATURDAY 11/26/16; Cuba’s Fidel Castro Dead

Overnight, Cuba’s communist leader Fidel Castro, who was in poor health, passes at 90 years old. His brother Raul currently runs Cuba. In Miami, Florida, “Little Havana,” a few hundred people take to the streets celebrating the death of the communist dictator. One reveler shouts, “Good riddance!” Castro came to power in 1959 and was initially a 









[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]



















Hillary Clinton joins the Jill Stein movement to conduct presidential vote recounts in Wisconsin, Pennsylvania and Michigan. Clinton says it is only in the interest of guaranteeing accurate elections. President-elect Trump takes to Twitter calling the vote recount a stunt to bring in money for the democrat and green parties. In his first hint of reverting back to the old, non-presidential Donald Trump, he says the vote recount is a desperate move by the “badly defeated and demoralized Dems.” Those words will not gain him any friends or unify the country. Trump won so he should simply ignore the recount instead of posting negative tweets but his personality is simply not wired that way.

Thursday, November 24, 2016

FRIDAY 11/25/16; Black Friday; Massive Copper Rally Continues; PMI Services Index; SPX (S&P 500), INDU (Dow Industrials), COMPQ (Nasdaq Composite) and RUT (Russell 2000) Print New All-Time Record Highs; Oil Collapses -4% on OPEC Meeting Worries

US stocks are set to reopen this morning after the Thanksgiving Day holiday. Markets close early at 1 PM EST. US major indexes begin trading at all-time record highs. The all-time record intraday and closing highs, respectively, are; SPX (S&P 500) 2204.80 on 11/22/16 and 2204.72 on 11/23/16, INDU (Dow Industrials) 19083.76 and 19083.18 both printing on 11/23/16, COMPQ (Nasdaq Composite) 5392.26 and 5386.35 from 11/22/16 and RUT (Russell 2000 small caps) 1342.35 and 1342.09 on 11/23/16.

Black Friday is a huge retail sales day in America with 






[Text is redacted. Purchase the 2016-11 chronology to enjoy November's economic and market history.]









Stein says she knows she will not win but she is spear-heading the vote recounts to promote democratic elections and make sure that nefarious activity including computer hacking did not occur. Hillary Clinton remains in hiding after the election and does not comment on the recounts.