SUNDAY 5/28/17

The British Airways computer outage continues although 







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The following numbers are the all-time record intraday highs and all-time closing highs, respectively, for the major indexes. SPX 2418.71 on 5/25/17 and 2415.82 on 5/26/17. INDU 21169.11 on 3/1/17 and 21115.55 on 3/1/17. COMPQ 6217.34 on 5/25/17 and 6210.19 on 5/26/17. NDX 5793.13 on 5/25/17 and 5788.36 on 5/26/17. RUT 1425.70 on 4/26/17 and 1419.43 on 4/26/17. NYA 11687.07 on 3/1/17 and 11661.22 on 3/1/17. TRAN 9639.33 on 3/1/17 and 9593.95 on 3/1/17. Bulls need the Dow Industrials to print above 21169 while the bears need to see the NDX collapse.

SATURDAY 5/27/17; President Trump Ends 9-Day Foreign Trip

SPX 2416. INDU 21080. COMPQ 6210. RUT 1382. NIKK 19687. SPASX200 5752. KOSPI 2355. SSEC 3110. HSI 25639. BSE 31028. DAX 12602. CAC 5337. FTSE 7548. MIB 21211. IBEX 10904. PSI 5227.

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The Paris Agreement is a large wealth redistribution program. It would be wise for President Trump to back out of the climate change agreement but he will likely buckle under political pressure and sign on to the accord. The G7 leaders are in unanimous agreement with the current handling of the North Korea problem and the fight against the ISIS Islamist militants in Syria and Iraq.

FRIDAY 5/26/17; Japan CPI; G7 Summit; BIG; DECK; ULTA; Durable Goods; US Q1 GDP; Consumer Sentiment; SPX (S&P 500), COMPQ (Nasdaq Composite) and NDX (Nasdaq 100 Index) All-Time Record Highs; Bitcoin Crashes to 2,067; WTIC Oil Prints Death Cross

Japan April CPI (Consumer Price Index) is up +0.4% on-year matching estimates. Japan Core (ex food and energy) CPI is up









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Politicians do what is best for themselves, and their respective parties, with the goal of always attaining more money and power. More Americans are declaring a pox on both houses, the demopublicans and republocrats, which will likely lead to increased social unrest, especially in the major cities, in the weeks, months and years ahead. The crony capitalism system in America is spinning out of control. Greed, money and power are the themes for 2017.

WEDNESDAY 5/24/17; Moody’s Cuts China’s Credit Rating; President Trump Meets with Pope Francis; AAP; CHS; FRED; JASO; LOW; SHLD; TIF; Existing Home Sales; 5-Year Note Auction; FOMC Minutes; Bitcoin Above 2,500; SPX and NDX New All-Time Record Highs; GES; HPQ; MOD; PVH; PSTG; SDRL; WSM

US futures are a touch negative. 










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Fed’s Kaplan repeats his mantra for two more rate hikes this year. Kaplan says two more hikes is an appropriate baseline case for this year.

WEDNESDAY 5/17/17; Former FBI Director Comey Says President Trump Told Him to End Flynn Investigation; Democrats Proclaim Obstruction of Justice Calling for Trump’s Impeachment; Cascading Global Selloff; TGT; US Major Stock Indexes Collapse from -2% to -3%; CSCO; LB

US futures are flat to lower. 






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President Trump did not want a special prosecutor since now his political agenda will be slowed. Time and attention will be focused on the Russia investigation rather than on the healthcare repeal and replace bill, tax reform, regulation reform and infrastructure spending.

TUESDAY 5/16/17; HD; DKS; SWC; SSYS; TJX; WB; Housing Starts; Industrial Production; FTSE Record High; SPX, COMPQ and NDX Print All-Time Highs; JACK; URBN

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SATURDAY 5/13/17; G7 Meeting Concludes; Global Ransomware Cyber Attack

Venezuela remains in chaos. Elderly citizens are 






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 are pledging more cooperation in battling international cyber crime.

FRIDAY 5/12/17; G7 Finance Ministers Meeting in Italy; US-China Trade Deal; JCP; MT; CPI (Consumer Price Index); Retail Sales; Business Inventories; Consumer Sentiment; President Trump and FBI Director Comey Political Drama Continues

Asia and Aussie indexes are trading lower in the 









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 virus encrypts the data on a web site and will not allow you to regain control until a ransom is paid. Telefonica, FedEx and UK hospitals are impacted. Hospitals have to close their doors and turn away patients. The unknown hackers are exploiting a flaw in Windows software. It is a brave new, albeit sick, technological world.

MONDAY 5/8/17; Chinese Export/Import Data; NIKK (Japan) +2.3%; KOSPI (South Korea) +2.3%; France Election Aftermath; Global Populism Movement Stalls; FDC; ITT; JD; MNK; NWL; SYY; TSN; VIX Prints 9-Handle at 24-Year Low; SPX, COMPQ and NDX Print All-Time Record Highs; CBI; EOG; MTW; MAR; P; RGR; TSO; ZIOP

Emmanuel Macron is elected as the new president of France. The celebrations continue through the evening. France has voted for the status quo. World leaders call Macron to congratulate him on the victory. Nationalism is defeated in France. The global populism movement stalls.

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CDXS +3.3%. EOG -0.5%. MTW -0.9%. P +3.2%. RGR shoots its way +5.1% higher. TSO slips -1.2%. ZIOP is up +1.8% in late trading recovering from the -7% crash during the regular session.

SUNDAY 5/7/17; Emmanuel Macron Elected President of France

In France, the polls are open and lines are long for the presidential runoff election between Emmanuel Macron and Marine Le Pen. Macron is favored in the polls by a 62% to 38% margin. Computer hackers release potentially-damaging emails and other documents for Macron but there is a blackout period of media during the last 24 hours into the election and citizens may or may not be impacted by the last minute development.

 At 4:48 AM EST (10:48 AM Le Touquet, France), Macron arrives at the 








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The French election results are as expected which may create a sell the news event in markets (it is more fun to travel than arrive). Macron takes 66% of the vote with Le Pen at 34%.

April Publication of the Daily Chronology of Global Markets and World Economics 2017-04 is Available from Amazon; COMPQ, NDX and RUT All-Time Highs; COMPQ (Nasdaq Composite) Tags 6,000; Bitcoin Record Highs; Germany’s DAX 12,500; India’s BSE Sensex 30,000; Paltry 98K Jobs Report; Bank Earnings GS Disappoints; North Korea Turmoil; Article 50 Begins Brexit Process; Macron Likely Next President of France

The April Publication of the Daily Chronology of Global Markets and WorldEconomics 2017-04 is available through Amazon. The epic market action continues with more all-time stock market highs in the major indexes. The one-half of the United States that own stocks are joyous day after day while the other half of the United States struggles through eight years of high unemployment and debt. The gap between rich and poor in America is the widest in five decades. The United States is experiencing a gilded age (created by the Federal Reserve and other global central bankers); a society of the have’s and the have not’s.

April Cover Highlights;

COMPQ, NDX AND RUT ALL-TIME HIGHS

COMPQ (NASDAQ COMPOSITE) TAGS 6,000

BITCOIN RECORD HIGHS

GERMANY’S DAX 12,500

INDIA’S BSE SENSEX 30,000

PALTRY 98K JOBS REPORT

BANK EARNINGS GS DISAPPOINTS

NORTH KOREA TURMOIL

ARTICLE 50 BEGINS BREXIT PROCESS

MACRON LIKELY NEXT PRESIDENT OF FRANCE

The chronology explains the activity in global stock, bond and currency markets to key geopolitical events, central banker monetary policies and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists where the stock, bond and currency moves are detailed and explained as world events take place in real-time.

You can re-live the real-time price moves and excitement in markets for any past event including Brexit (2016-06 and 2016-07), the US election (2016-11), the drama behind the French election (2017-04), economic data releases, monthly jobs reports, Fed meetings, etc...

As always, all monthly publications of the Daily Chronology of GlobalMarkets and World Economics are available from the links in the margins of the K E Stone blog sites or simply searching on Amazon or Google. The monthly publication contains updated information not posted on the Keystone the Scribe web site as well as clarifications, edits and refinements to the ongoing daily blog text.

The May 2017-05 chronology is tentatively set for publishing by Amazon on Saturday, 6/3/17.

SATURDAY 5/6/17; French Election Eve; Venezuela in Collapse

SPX 2399. INDU 21007. COMPQ 6101. RUT 1397. NIKK 19446. SPASX200 5837. KOSPI 2241. SSEC 3103. HSI 24477. BSE 29859. DAX 12717. CAC 5432. FTSE 7297. MIB 21484. IBEX 11135. PSI 5255.

The North Korea 




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FRIDAY 5/5/17; Cinco de Mayo; Commodities in Retreat; WTIC Oil Flash Crashes to a 43-Handle; Brent Oil 46-Handle; AXL; CI; LPX; MCO; REV; RUTH; US Monthly Jobs Report; VIX 9-Handle; Fed Speak Including Fed Chair Yellen and Vice Chairman Fischer; SPX, COMPQ and NDX New All-Time Record Highs; Hindenburg Omen

During Thursday evening in the States (Friday morning in Australia and Asia), President Trump meets with Australia PM Turnbull that has been 






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Omen occurs, stocks are typically about -5% lower one month out and down -8% one year out. So the universal consensus of analysts, investors, traders and market pundits on Wall Street continues to be “buy,buy, buy!” but the Hindenburg Omen says, “sell, sell, sell!” The Hindenburg Omen accurately predicted the 1987 crash and the stock market drop in 2008.