October's Cover Highlights;
NDX (Nasdaq 100) RECORD HIGH 4905
FB, GOOGL, MSFT, AMZN RECORD
HIGHS
WFC (Wells Fargo) SCANDAL
DB (Deutsche Bank) TROUBLE
FBI REOPENS CLINTON EMAIL
INVESTIGATION
CLINTON AND TRUMP POTUS RACE
TURNS DIRTY
HURRICANE MATTHEW
DEBATES
ECB TAPER TANTRUM
RECORD M&A
WIKILEAKS
The Nasdaq 100 Index, NDX, that
holds the large high-tech stocks, prints a new all-time record high but the
other indexes do not. Facebook, Alphabet, Microsoft and Amazon each print new
record highs which supports the main stock indexes. The scandal and problems at Wells
Fargo, WFC, continue. Deutsche Bank, DB, and the Italian, Spanish and
Portuguese banks remain sick.
The US political race continues
with the election on Tuesday, 11/8/16, now only hours away. Stocks rally and
the peso strengthens (Mexican peso currency pair moves lower) when Clinton is
leading the polls while stocks drop and the peso weakens (Mexican peso pair
moves higher) when Trump surges in the polls. Americans will be unhappy no
matter who wins but the country is unified in one thought--that the election
cannot occur fast enough!
The October chronology explains
the bombshell news in real-time when the FBI reopens the investigation into
Clinton’s emails on Friday, 10/28/16, at 1 PM EST. Wall Street prefers Clinton
as the next POTUS since she is in the back pocket of the investment banks.
Clinton was paid lucrative fees for showing up at token luncheons hosted by
Wall Street bigwigs. Clinton edged out Trump in the debates. The Wikileaks
documents are hurting Clinton.
The central bankers continue to
control the global stock markets. ECB President Draghi mentioned the word ‘taper’
for the ongoing easy money program which created a tantrum. The pound and FTSE
Index are responding to drama with the Brexit (Britain exiting the European
Union) process. OPEC continues to play games manipulating the oil market.
Merger and acquisition (M&A) activity is at record levels.
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 the indexes printing record highs
in August and September and the NDX in early October 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
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.
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