SATURDAY 10/29/16; Iceland Elections

Icelanders take to the polls for election day where the 












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 the Mexican peso currency pair will move to 19.50 and higher (weaker peso). If the pair remains below 19.50 and especially below 19.00 (stronger peso) than Trump will not receive much of a bounce in the polls. The new FBI drama will dominate the Sunday morning political talk shows.

FRIDAY 10/28/16; CVX; XOM; HUN; MA; ABBV; AN; COG; GT; MYL; NWL; RCL; SWC; WY; XRX; US Q3 GDP (Gross Domestic Product); Consumer Sentiment; FBI Reopens Clinton Email Investigation; Housing and Biotech Stocks Collapse this Week

Euro 1.0896. The dollar/yen moves above 105 to 105.19 reflecting a weaker yen that will boost the NIKK today. Pound 1.2172. USD 98.40. WTIC oil 49.60. Brent oil 50.33. Natural gas 2.78. Gold 1969. Silver 17.62. Copper 2.164.

Treasury yields are













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previously praised Comey when he let Clinton off the hook from criminal prosecution in July but now the same folks are calling Comey a scoundrel. The circus continues with juggler Clinton and clown Trump the main attractions.

September Publication of Daily Chronology of Global Markets and World Economics 2016-09 is Available from Amazon; WFC (Wells Fargo) Scandal; DB (Deutsche Bank) Crashes Creating Contagion; "Rosengren Selloff"; "Clinton Rally" After First Debate; G-20 Summit; OPEC Oil Production Cut; Record Stock Market Highs

The September publication of the Daily Chronology of Global Markets and World Economics 2016-09 is available through Amazon (AMZN). The epic market action continues.

September's Cover Highlights;
Record Highs COMPQ 5340, NDX 4896, AMZN (Amazon) 840
RUT Record 2016 High at 1263
WFC (Wells Fargo) Scandal
DB (Deutsche Bank) Crashes Creating Contagion
"Rosengren Selloff"
"Clinton Rally" after First Debate
G-20 Summit
OPEC Oil Production Cut

The stock market prints new record highs in September comparable to the August highs. WFC lays an egg firing over 5,000 employees for creating false accounts while the management keeps their jobs and lucrative salaries. DB is the 900-pound gorilla on the trading floor this month. Deutsche Bank is in collapse creating fear that the 2007-2009 financial crisis will be repeated beginning with a failure at the troubled German lender. However, Deutsche Bank does not appear to be in a liquidity crisis like Lehman Brothers in late 2008 and instead requires recapitalization to get through the next nine to 12 months. The key is who supplies that funding backstop especially when Chancellor Merkel places her foot in her mouth and says she will not bailout Deutsche. The drama continues.

Fed's Rosengren, typically a dove, flaps hawkish wings causing a stock market selloff. The first presidential debate takes place with Clinton out maneuvering Trump by a small margin. Stocks rally the next day as Wall Street prefers Clinton as the next POTUS. She is in the back pocket of the investment banks since she was paid lucrative fees for showing up at token luncheons. The US presidential election is only five weeks away on 11/8/16. The G-20 Summit occurs. OPEC says it will cut oil production creating a big push higher in oil prices.

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