The May publication of the Daily Chronology of Global Markets and World Economics 2016-05 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 followed by a huge recovery rally to present. The prior monthly chronologies explain the huge crash from late December into mid-February and the subsequent recovery from February to present.
Italian, Spanish and Portuguese banks remain a major problem in 2016. The business news media ignores this topic that may lead to serious trouble in financial markets and create global contagion.
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 takes the nomination but is not doing well in national polls. The conventions are in July and the general election for the next US president is 11/8/16. Americans are unhappy faced with a choice between an orange-headed clown that bloviates daily and a scandal-ridden liar incapable of telling the truth.
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 as the US dollar index drops to the bottom of a key long-term range.
A stock market rally occurred in May when the "Bremain" camp started leading in the UK polls over the "Brexit" camp, however, a lot can happen before the 6/23/16 Brexit referendum.
Japan is in turmoil. The BOJ has taken rates negative and they print record negative lows. The dollar/yen pair is sliding lower (stronger yen) causing problems for BOJ Governor Kuroda that is trying to weaken the yen.
Puerto Rico defaults on a bond payment with a huge $2 billion payment due on 7/1/16. The US Congress is working on a bailout solution but in a difficult place since troubled cities in the US will want the same bailout deal offered to Puerto Rico. The clock is ticking and a plan must be in place for Puerto Rico within the next three weeks.
President Dilma Rousseff is impeached and temporarily ousted from office; her appeals will continue. Venezuela is in economic and political collapse. The 2016 Summer Olympics are approaching quickly and will be held in Brazil; ground zero for the Zika Virus.
The month of May was the one-year anniversary of the stock market top in May 2015. Interestingly, markets topped in October 2007 and it was about one year later when US stocks collapsed in October 2008 through March 2009 when QE1 saved the stock market (to benefit the wealthy) and stabbed capitalism in the heart. Will that fractal repeat? The US stock rally off the 2/11/16 bottom continues.
The chronology describes the reactions to economic data such as the Monthly Jobs Reports in real-time. Friday, 6/3/16, was a circus with a paltry 38K jobs report which is described in detail in the May chronology as it occurred (the May publication runs through 6/4/16). There is no other document available on the world wide web that records the action in real-time with 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 economic and market history. The chronology is the most reliable and easy to understand source for explaining global markets. The 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, 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.
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