Tuesday, May 31, 2016

Sunday, May 29, 2016

TUESDAY 5/31/16; Japan and Korea Data; China Flash Crash; SSEC +3.3%; EOM (End-of-Month); MDT; Personal Income and Outlays; Chicago PMI; Consumer Confidence; WDAY

At 8:14 AM Tokyo (9:14 AM Sydney; 7:14 AM Hong Kong; 1:14 AM Frankfurt; 12:14 AM London; 7:14 PM EST Monday evening in the States; 4:14 PM PST California, USA), US futures are 

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Fed Funds futures indicate only a 24% chance of a June rate hike. It was a paltry 4% chance two weeks ago and jumped to a 34% chance after Yellen and other fed heads started jawboning a hike and now drops lower again. The bond market is not buying the hike that Yellen is selling. There is a 54% chance of a hike in July; call it a 50/50 chance.

MONDAY 5/30/16; Memorial Day; US Markets Closed

Today is Memorial Day in the 

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 the day off realizing there is a roller coaster ride ahead this week. On this patriotic Memorial Day holiday in the United States, there are 820 hotdogs eaten every second (yes, every ‘second’). Bon Appétit.

SUNDAY 5/29/16

Venezuela collapses into 

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Americans are dismayed at such a poor choice for president having to select between Tweedledumb and Tweedle-dumber.

Friday, May 27, 2016

SATURDAY 5/28/16

SPX 2099. INDU 17873. COMPQ 4934. RUT 1150. NIKK 16835. 

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The Fox News business television block is singing a bullish song as usual advising investors to buy ULTA, GPRO, BAL, CAG, AAPL and WBMD. ULTA rocketed over +9% higher last week so perhaps it would have been better to suggest this stock last weekend. ULTA has become the latest favorite flavor for long traders. Ulta Salon provides beauty products. Young people want to look as attractive as possible for their smartphone selfies that are transmitted to friends and followers on social internet platforms such as Snapchat, Facebook and Twitter.

Thursday, May 26, 2016

FRIDAY 5/27/16; Japan CPI (Consumer Price Inflation); BIG; GDP (Gross Domestic Product); Consumer Sentiment; Fed Chair Yellen Speaks

US futures are 

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 is very concerned about the damage this is causing to Clinton’s presidential candidacy and presumptive nomination. Bernie Sanders remains in the democrat primary election race waiting for Clinton to stumble.

Wednesday, May 25, 2016

THURSDAY 5/26/16; G-7 Summit; Brent and WTIC Oil Prices Hit 50; ANF; DG; DLTR; SAFM; SIG; SDEL; TITN; Durable Goods; Donald Trump is Official Republican Nominee for POTUS; DECK; GME; PANW; SPLK; ULTA

US futures are flat to lower. S&P -2. 

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 several notable earnings winners and losers; DECK -0.5%, DANG +0.2%, GME -8.3%, NQ -3.5%, PANW crashes -10%, SPLK -7%, ULTA +8.1% and TSL drops -0.7%.

Tuesday, May 24, 2016

WEDNESDAY 5/25/16; Cascading Global Rally Continues; Greece Bailout Deal; EV; TIF; 5-Year Note Auction; COST; GES; HPQ; LGF; MOD; PVH

US futures are 

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Three IPO’s are in the news. US Foods prices at 23 and will begin trading under the ticker USFD. Cotiviti prices at 19 and will begin trading under the symbol COTV. Gypsum Management and Supply plans a listing under the ticker GMS.

Monday, May 23, 2016

TUESDAY 5/24/16; Greece Bailout Renegotiations Continue; ‘Bremain’ Rally; AZO; BBY; DSW; TOL; European and US Stocks Rally; New Home Sales; DAX 10K; MIB Rallies +3.3%; 2-Year Note Auction; WTIC and Brent Oil at Parity; HPE; INTU; NMBL

Asian indexes follow the 

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Violence breaks out at a Donald Trump rally. The orange-headed presumptive republican presidential nominee attracts violence. Police use pepper spray and smoke grenades to control crowds. Protestors throw burning tee shirts, rocks and other projectiles at police. The republican and democrat conventions may turn violent this summer; tempers flare in the hot summer sun.

Sunday, May 22, 2016

MONDAY 5/23/16; Japan Trade Data; Fed Speak; Global Flash PMI’s; Italian Banks Remains Sick; Italy’s MIB Mini-Crashes -3%

Euro 1.1224. Dollar/yen 110.14. 

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 worried that a court ruling exonerating a police officer involved in the death of a suspect will create riots and violence. Rain falls in Baltimore which may keep people home and off the streets.

SUNDAY 5/22/16; US Politics; Greece Austerity Vote

Today is National Maritime Day in the United States when 

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Greece passes the new austerity bill through the legislature which paves the way for European creditors to release additional bailout funds to the troubled nation. Greek banks will view this news positively tomorrow.

Saturday, May 21, 2016

SATURDAY 5/21/16; G-7 Meetings; Venezuela in Collapse

SPX 2052. INDU 17501. 

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hopes for a Triple Crown end as the undefeated horse is defeated by Exaggerator that wins the Preakness. The results favor the bookies that probably needed to make some dough back to cover their lackluster take during the Kentucky Derby.

Thursday, May 19, 2016

FRIDAY 5/20/16; G-7 Meeting in Japan; Taiwan Inaugurates Female President Tsai Ing-wen; Cascading Global Stock Market Rally; OpEx; Stock Market Top is One Year Old; BKE; CPB; DE; HIBB; Existing Home Sales

The search for wreckage from the EgyptAir Flight MS804 airplane 

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Swift, the global interbank fund-transfer service critical to the stability of the world’s financial systems, announces plans to improve security for interbank transactions. Huge blocks of money are transferred through the Swift computers that have now received cyber attacks to the Bangladesh, Vietnam and Ecuador systems. Swift stresses that banks need to report any and all security breaches. Banks and companies sometimes underreport cyber attacks since they do not want customers, clients, consumers or employees to lose confidence in their products or services.

THURSDAY 5/19/16; EgyptAir Flight MS804 Crashes; Cascading Global Selloff; WMT; AAP; BONT; DKS; DLTR; Philly Fed; Fed Vice Chairman Fischer Speaks; Leading Indicators; ADSK; BRCD; GPS; ROST

Sporadic news reports are hitting the wires that EgyptAir Flight MS804 has gone missing from the radar screen. The airplane is last identified above the Mediterranean Sea near 

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Perhaps one or both of the pilots purposely drove the airplane into the ocean like the flight out of the States years ago where an Islamist nutcase committed suicide and murdered all the passengers on board driving his airplane into the Atlantic Ocean as he yelled, “Allahu Akbar (God is Great)!” The erratic flight of the aircraft in the final minutes may indicate a cockpit struggle. The Muslim radicals are sick pups; they follow the Quran that praises the killing of infidels.

Tuesday, May 17, 2016

WEDNESDAY 5/18/16; ADI; HRL; LOW; SPLS; TGT; FOMC Minutes; US Stocks Reverse Wildly Lower Intraday; USD is Up; Gold and Oil Down; US 2-Year Yield Above 0.90%; AEO; CSCO; LB; CRM; TTWO; URBN; WSM

US futures are 

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Two earthquakes hit Ecuador the first is a 6.7 magnitude and second an even larger 6.8 magnitude. Several days ago, Ecuador was hit with a 7.8 quake that killed over 660 people and injured nearly 17K. Rescue is underway. The full moon peaks on Saturday at 5:14 PM EST so the heightened gravitational effects on Earth may create further earthquakes over the coming days into next week. Stocks are typically bullish moving through the full moon.

Monday, May 16, 2016

TUESDAY 5/17/16; RBA Minutes; Soros Buys Gold Sheds US Stocks; US Presidential Primary Elections; HD; PLCE; TJX; Housing Starts; CPI (Consumer Price Index); Industrial Production; Italian Banks Collapse -7%; Fed Speak

Euro 1.1312. Dollar/yen 109.04. 

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In the presidential elections, Sanders wins Oregon and Clinton wins Kentucky. Trump wins Oregon and is already the presumptive republican nominee for POTUS. Clinton is the presumptive democratic nominee for POTUS.

Sunday, May 15, 2016

MONDAY 5/16/16; Aussie 10-Year Yield Record Low; China Hang Seng (HSI) Flash Crash; GS Calls Bottom in Oil; SORL; Empire State Mfg Index; Brent Oil Above 90; Buffett Buys AAPL; US Stocks Rally; A

US futures are trading lower Sunday evening in the 

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President Obama is now the longest serving president during war times having overseen ongoing wars the whole time in office well over seven years. Ironically, the president was given the Nobel Peace Prize as he entered office.

Fed’s Kashkari speaks in the evening.

SUNDAY 5/15/16; China Economic Data

China Retail Sales, Fixed Investment and Factory Output data are all weaker than expected. A week ago, analysts and investors proclaimed that 

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US Treasury yields are; 2-year 0.75%, 5-year 1.21%, 10-year 1.70%, 30-year 2.55%. The 2-10 spread is 95 bips representing a flattening yield curve not seen since late 2007. German bund 0.121%. Japan 10-year yield -0.114%.

Friday, May 13, 2016

SATURDAY 5/14/16

SPX 2047. INDU 17535. 

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The Fox Business News block recommends several long plays for the stock market; railroad KSU, the IVE ETF and THO. Generally, investors remain bullish intermediate and long term since they expect the Fed and other central bankers to keep printing money and pumping stock markets higher.

Thursday, May 12, 2016

FRIDAY 5/13/16; Friday the 13th; US Yield Curve Flattening; JCP; Retail Sales; PPI (Producer Price Index); Business Inventories; Consumer Sentiment

Today is Friday the 13th considered an unlucky day in Western superstition. Play it safe; do not break any mirrors, or walk under any ladders or cross the path of any black cats today.

US futures are 

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A pregnant woman in Puerto Rico is the first to develop a fetus with micocephaly due to the Zika virus. Sadly, the fetus was a miscarriage. The CDC and other organizations are studying the Zika virus to find a cure or solution to  handle the disease but progress is very slow.

Wednesday, May 11, 2016

THURSDAY 5/12/16; Brazil President Rousseff Impeachment Vote; BOE Rate Decision; PLCE; KSS; RL; PRGO; Import and Export Prices; Fed Speak; 30-Year Bond Auction; AAPL Sub 90; DDS; JWN; NVDA; SHAK; VJET

US futures are 

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Thousands of protestors are demonstrating on Paris streets against the new labor reform bill. Riot police are using tear gas to break up the crowds. Social unrest continues around the world.

Tuesday, May 10, 2016

WEDNESDAY 5/11/16; CSIQ; M; WEN; Italian Banks Selloff; 10-Year Note Auction; US Stocks Selloff; CTRP; JACK; SINA

US futures are flat. S&P -1. 

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Brazil’s Senate is voting on Rousseff’s impeachment. She is expected to lose the vote and will be removed from office and placed on trial for impeachment. The process will continue for several more months but Rousseff will be out of power. EWZ sits at three-month highs. Brazilians are demonstrating in the streets as the vote occurs. Fights and violence breaks out. Police fire tear gas to control crowds. Social unrest increases around the world.

Monday, May 9, 2016

TUESDAY 5/10/16; China Inflation Data; Bradley Turn Date; US Presidential Primary Elections; AGN; DF; LL; NCLH; SODA; Wholesale Trade; US Stocks Rally; DIS; DGLY; EA; XONE; FOSL; NUAN

US futures are marginally lower as 

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The meeting between nominee Donald Trump and House Speaker Paul Ryan, the two big leaders in the party, on Thursday is immensely important. Wall Street will be closely watching the comments and mannerisms after that meeting which will provide information on how the stock market and individual equities will be impacted by the presidential race going forward.

Sunday, May 8, 2016

MONDAY 5/9/16; China Import and Export Data; China Stocks Tank -3%; TSN; IPI; LPX; BID; PETS; Oil Prints -6% Intraday Reversal; Fed Speak; HTZ, MNKD, RAX, SCTY

US futures are marginally positive Sunday evening in the States. S&P +3. 

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In the US, income inequality, the division between rich and poor, is at the widest divide in 50 years. The middle class disappears due to the Federal Reserve’s seven years of obscene money printing and the ongoing incompetence in Congress and the presidency over the last couple decades.

SUNDAY 5/8/16; Mother’s Day; New Saudi Oil Minister

Today is Mother’s Day when Mom is honored for all her hard work throughout the year. Different countries celebrate the occasion on different days during the year, most are in May, with the United States always 

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Treasury yields are; 2-year 0.73%, 5-year 1.23%, 10-year 1.78%, 30-year 2.63%. The 2-10 spread is 105 basis points. The 5-30 spread is 140 bips. German bund 0.149%. The US-German 10-year yield spread is 163 basis points. Japan 10-year yield -0.117%. BOJ Governor Kuroda has sent the 10-year JGB yield down to -0.12%. The central bankers are madmen pulling at levers in desperation as the seven-year global Keynesian money-printing experiment marches towards a resolution.

Saturday, May 7, 2016

SATURDAY 5/7/16; US Presidential Politics

The Canada wild fire in the oil sands continues to 

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Tornados and severe storms hit Colorado and Nebraska. Business activity is slightly hampered across the Midwest as folks stay home to ride the storms out.

Thursday, May 5, 2016

FRIDAY 5/6/16; US Monthly Jobs Report; AGN; CI; EXC; MSG; SWC; WY

South Korea, Thailand and Indonesia are closed for trading due to 

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A Romanian computer hacker Marcel Lehel Lazar, that goes by the moniker “Guccifer,” says he hacked Secretary Clinton’s unsecure secret server. Lazar is cooperating with the FBI. The democratic-leaning NBC News knew about Guccifer a few months ago but sat on the story likely to protect Hillary Clinton. Now that the news story is out, NBC has egg on their faces since they appear in the tank for Clinton (and the news coverage over the coming six months will likely be pro-Clinton and anti-Trump). There is no such thing as unbiased news in modern-day America.

Wednesday, May 4, 2016

THURSDAY 5/5/16; Cinco de Meyo; Turkey Turmoil; APA; AVP; BABA; DDD; CHK; ITT; K; MRK; MGM; MBLY; MWW; OXY; REGN; RGEN; Challenger Job-Cut Report; CZR; ED; DWA; LOCO; EOG; FEYE; GERN; GPRO; HLF; MHK; SQ; DATA; YELP

Today is Cinco de Meyo which celebrates the unexpected Mexican Army’s victory over the French military at the Battle of Puebla on 5/5/1862. Mexicans and Americans alike use the day as an excuse to drink booze, sing, dance and party. Do not confuse today with Mexico’s Independence day on September 16.

Japan trading remains closed; today is Children’s Day. Trading in Korea, Indonesia and Thailand is also closed for holidays. US futures are buoyant. S&P +2. 

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The republican establishment is providing a cold shoulder to Trump and it is the role of the orange-headed showman to smooth over the problems caused by his scorched-Earth insult strategy during the primary elections. Trump appears obstinate and may not want to be a peacemaker, if so, the republicans will likely lose to the democrats in November. There is lots of drama ahead for the next six months for both the republican and democrat parties with Trump and Clinton the presumptive nominees for the next POTUS, respectively, and Americans view both negatively.

Tuesday, May 3, 2016

WEDNESDAY 5/4/16; Trump is US Republican Nominee for POTUS; D; EE; HAIN; HUM; KATE; MOS; NBL; ADP Employment Report; International Trade; Productivity and Costs; PMI Services; Factory Orders; CF; FIT; MTW; MUR; QRVO; TSLA; TSO; RIG; TRIP; WTW; WFM; ZNGA

Trump trounces Cruz in the Indiana election 

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The Federal Reserve could not care less about Joe Sixpack, Ma and Pa Kettle and Aunt Edna. Fed members and politicians receive lucrative speaking fees when they leave public office; a quid pro quo for their loyalty to the wealthy elite class and large investment banks when they are in office. This is America in 2016.

TUESDAY 5/3/16; China PMI; RBA Rate Decision; Euro 1.16-Handle; EU Cuts Eurozone Growth and Inflation Forecasts; Indiana Presidential Primary Election; ADM; CLX; CMI; DUK; EL; H; HEP; TAP; PFE; S; HOT; VLO; European and US Stocks Sell Off; Italian Banks Weak; CAR; CBS; DVN; ETSY; OSTK; Cruz Withdraws from POTUS Race Trump is Republican Nominee

Japan markets are closed today for Constitution Day. US futures are flat. Euro 1.1528. Dollar/yen 106.10. Pound 1.4666. USD 92.62.

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The United States is carrying out covert raids in Iraq and Syria despite President Obama claiming there is no combat. This is Obama’s War whether he wants it or not. The new moon peaks this month on Friday so covert missions are likely increasing over the coming week since the side with the superior night vision technology (the US and coalition forces) has a big advantage. It is not surprising that the military raids are more numerous over the coming days.

Sunday, May 1, 2016

MONDAY 5/2/16; NIKK -4%; US Dollar Index 92-Handle; Gold Tags 1300; Puerto Rico Default; US PMI; ISM Mfg Index; AIG; CBT; DENN; FOSL; RGR; THC; VNO

China, Hong Kong, Singapore, Taiwan and Malaysia are not trading today for May Day holidays. Australia, Japan and Korea will be open for trading.

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Fed’s Williams is in favor of gradual rate rises but says there is risk of declines in asset prices. Williams boasts that the Federal Reserve is in better shape to handle any downturn in markets and regulators have made amazing progress in protecting the banks from future failures.

April Monthly Publication of the Daily Chronology of Global Markets and World Economics 2016-04 is Available from Amazon; The "Panama Papers"; Central Bankers Active; Brexit Drama; Exxon Credit Downgrade; Dollar/Yen 106-Handle

The April publication of the Daily Chronology of Global Markets and World Economics 2016-04 is available through Amazon (AMZN). The epic market action continues. The global stock markets begin the year by crashing and collapsing into 2/11/16. The prior monthly chronologies explain the huge crash from late December into mid-February. Then, as everyone was convinced that the stock market would go into free fall and sentiment was extremely negative, the bottom occurs and stocks rally from mid-February through April.

Italian, Spanish and Portuguese banks are a major problem in 2016 but the concerns temporary subside allowing for a recovery in global stocks. 
The US POTUS primary elections continue with Clinton the likely democrat nominee. Clinton may be undone by the ongoing email scandal. On the republican side, Trump and Cruz are battling for the nomination and the media is already awarding Trump the victory but they have been wrong every step of the way. The general election for the next US president is 11/8/16.

Central bankers such as the Fed, ECB, BOJ and PBOC keep pumping stocks higher. The chronology explains how the central bankers are the market. The oil rally continues in April as the US dollar index drops like a stone now at the bottom of a key long-term range. The "Panama Papers" are released exposing secret accounts of governments, corporations and the wealthy elite class. The Panama Papers information and developing scandals will continue for weeks and months.

The Brexit drama continues with President Obama stepping into the fray with unwelcome comments. The Brexit referendum vote is 6/23/16. Japan is in turmoil. The BOJ has taken rates negative and they print record negative lows. The dollar/yen pair drops to a 106-handle which reflects a stronger yen that hurts exports. Exxon loses its AAA credit rating an epic event.

The chronology describes the reactions to economic data such as the Monthly Jobs Reports in real-time. There is no other document available on the world wide web that records the action in such detail. Inflation, that the Federal Reserve has tried to create for seven years with their obscene Keynesian programs, cannot exist without wage inflation occurring so each jobs report is very important.

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 repeated the same mantra through 2015. The stock market topped in May 2015 placing anyone that listened to television pundits over the last couple years underwater on their long trades and losing money.

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 has printed, the chronology serves as the most accurate accounting of the stock market topping process ever recorded in 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 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.

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SUNDAY 5/1/16; May Day; China PMI

Today is May Day when 

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spilling sodium hydroxide a very corrosive chemical. Hazardous cleanup crews are addressing the spill. No one is injured.