WEDNESDAY 11/29/17; Bitcoin Prints Above 11.1K then Crashes -20%; TIF; US Q3 GDP; Federal Reserve Chair Yellen Speaks; Beige Book; SPX, INDU, RUT, NYA and TRAN Print All-Time Record Highs; Dow Theory Confirmation; FAANG and Tech Stocks Collapse; COMPQ (Nasdaq Comp) -1.3%; NDX (Nasdaq 100) -1.7%; PVH; BOX; JACK; WDAY

S&P -1. Dow -6. Russell +1. Euro 1.1850. Dollar/yen 111.58. Pound 1.3370. Aussie dollar 0.7598. Indian rupee 64.4125. Dollar/yuan 6.6078. Bitcoin 9926.

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always punches back even if May is a lady.

Trump tells May to “mind her own business” and to focus on the Radical Islamic Terrorism problem in the UK not on him. Trump says, “The US is doing just fine.” So, Trump and May are in a tiff. Adult babies are in charge of the Free World.

TUESDAY 11/28/17; Bitcoin and Ethereum Print Record Highs; Bitcoin Above 9.9K; BOE Bank Stress Test Results; International Trade; S&P Case-Shiller House Price Index; Consumer Confidence; Era of Federal Reserve Chairman Jerome Powell Begins with Confirmation Hearing Before Senate Banking Committee; North Korea Fires Missile; Senate Pushes Tax Bill Forward; Brexit Divorce Bill Agreement Reached Between UK and EU; Powerful "Powell Rally"; SPX (S&P 500), INDU (Dow Industrials), COMPQ (Nasdaq Comp), NDX (Nasdaq 100), RUT (Russell 2000) and NYA (NYSE Comp) Print All-Time Record Highs; Dow 23.8K; Natural Gas Rallies +5%; NUAN; ADSK; MRVL

News reports say North Korea is preparing for a missile launch that may occur over the coming days. The Indonesia volcano continues erupting causing the Bali Airport to close. Passengers are stranded. 




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The API Oil Inventories are a small build of 1.8 million barrels when analysts expected 3.2 million. Oil prices will likely slip lower. Gasoline Inventories are a draw and Distillates a build. WTIC oil 57.88. Brent oil 63.10.

MONDAY 11/27/17; Cyber Monday; Pope Francis Visits Myanmar; Bitcoin Above 9.7K to 9760; US 2-10 Yield Spread Falls to 56 Bips; US Yield Curve Flattens; AMZN Prints Above 1200; SPX, INDU, COMPQ and NDX Print All-Time Record Highs; New Home Sales; 2-Year and 5-Year Note Auctions; Natural Gas Rallies More Than +4%; THO

Today is Cyber Monday the largest online shopping day of the entire year. Employees will be on the internet ordering holiday gifts when the boss is not looking. Cyber Monday is expected to blow through prior records and produce the largest online shopping day in economic history.

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The Cyber Monday retail sales are estimated at $6.59 billion a hair short of the $6.60 billion and more that was expected. Perhaps some online sales were pulled forward to Thanksgiving and Black Friday weekend. Nonetheless it is a huge number but is dwarfed by the $25.3 billion in sales on China’s Single’s Day. 

SUNDAY 11/26/17; Bitcoin Above 9000

A factory explodes in eastern China at the port city of Ningbo. Several people die and three dozen are injured. Buildings are flattened from the major blast. As usual, the Chinese government remains quiet about what caused the blast. Safety standards are lax in China leading to a high occurrence of industrial accidents.

The protests in Pakistan become





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Bitcoin is exploding higher in a buying frenzy. Bitcoin moves up through the 9K level to 9387. Wow. Bitcoin is up over +800% this year. The market cap of all cryptocurrencies now totals nearly $300 billion. Price is parabolic (going straight vertical). Common Joe’s are talking about bitcoin.

SATURDAY 11/25/17; Small Business Saturday; Bitcoin New Record High Above 8.7K

SPX 2602 (record high). INDU 23558 (near record highs). COMPQ 6889 (record high). NDX 6409 (record high). RUT 1519 (record high). NYA 12422 (at record highs). TRAN 9620.

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Bitcoin, the king of the cryptocurrencies, continues an epic run higher printing above 8.7K to 8725 a new record. The Coinbase bitcoin exchange adds over 100K accounts during the last three days. People are lining up throwing money at bitcoin cheerleading for the 10K level. The CME plans to offer bitcoin futures starting in two weeks. Bitcoin cash is at 1593.

FRIDAY 11/24/17; German IFO Data; Black Friday; US PMI Data; WTIC Oil Above 59; Natural Gas Crashes -5%; VIX Flash Crashes Printing Historic 8.56 Low; SPX (S&P 500), COMPQ (Nasdaq Comp), NDX (Nasdaq 100) and RUT (Russell 2000) Print All-Time Highs; SPX Closes Above 2600 First Time in History; AMZN (Amazon) CEO Bezos Becomes $100 Billion-Dollar Man

Americans are enjoying Thanksgiving evening in the States as the Aussie and Asia markets prepare for Friday morning trading.

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THURSDAY 11/23/17; Thanksgiving Day; US Markets Closed; Chinese Stocks Collapse Nearly -3%; European PMI’s; ECB Minutes; Ethereum Prints Record High

Happy Thanksgiving a day to give thanks for the blessing of the Fall harvest. Thanksgiving is celebrated in the United States, Canada, Caribbean islands and Liberia. The turkeys do not have a chance today. 46 million turkeys will be eaten in the United States over the next 24 hours. Turkeys are running for their lives.

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At 11:30 AM EST, European indexes end the day higher except for Germany and the Nordic states. The UK is flat. France and Italy lead the upside. The DAX drops -0.1% to 13009 maintaining the 13K level. The CAC gains +0.5% to 5380. The FTSE is flat at 7417. Italy’s MIB finishes up +0.4% to 22398. The IBEX gains +0.2% to 10033. The PSI ends up +0.1% to 5310. SMI gains +0.3%. OMX loses -0.3%.

WEDNESDAY 11/22/17; HSI (Hong Kong Hang Seng Index) Prints Above 30K; US 2-10 Yield Spread Narrows to 57 Bips; US Yield Curve Flattens; DAX (Germany) Rallies +1.2%; DE; Durable Goods; Consumer Sentiment; FOMC Minutes; COMPQ, NDX and RUT Print All-Time Record Highs; Oil at 2-Year Highs

Aussie and Asia markets begin trading higher following the US lead. NIKK +1%. SPASX200 +0.4%. KOSPI +0.9%. The Hang Seng Index futures point to a move above 30K for the HSI when it opens.

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Sexual harassment scandals continue plaguing the political, media and Hollywood landscape. Several house representatives and senators are exposed for harassment and deviant sexual behavior in the work place. Opponents of President Trump keep bringing up his past indiscretions to try and create negativity for the orange-headed leader.

TUESDAY 11/21/17; RBA Minutes; HSI (Hong Kong’s Hang Seng Index) Rallies Nearly +2%; US 2-10 Yield Spread Narrows to 58 Bips; LOW; DLTR; CPB; DSW; EV; HRL; SIG; Existing Home Sales; SPX, INDU, COMPQ, NDX and RUT Print All-Time Highs; S&P 500 Prints 2600 First Time In History; Bitcoin Above 8300; Federal Reserve Chair Yellen Says Low Inflation May Linger

Euro 1.1737. Euro/yen 132.11. Dollar/yen 112.56. The yen weakens which sends the dollar/yen currency pair higher and will push Japanese stocks, especially exporters, strongly higher in today’s trading session. Pound 1.3241. Euro/pound 0.8864. Mexican peso 18.9938. Canadian dollar 1.2816. Dollar/yuan 6.6372. Indian rupee 65.095. Aussie dollar 0.7553.

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 is ready to receive offers for lucrative speaking engagements from the investment banks a way of rewarding her for four years of dovishness that maintains elevated stock markets. This is the crony capitalism system on full display in America.

US futures are flat. S&P flat. Dow +10. Nasdaq +4.

President Robert Mugabe resigns. Zimbabwe begins a new path forward.

MONDAY 11/20/17; German Coalition Government Talks Collapse; Leading Indicators; Bitcoin Prints Above 8.2K; US Stocks Rally Led by Banks and Chips; PANW; A; URBN; INTU

Euro 1.1796. Euro/yen 132.26. Dollar/yen 112.12. Pound 1.3222. Euro/pound 0.8922. Mexican peso 18.9387. Canadian dollar 1.2768. Dollar/yuan 6.6268. Indian rupee 65.015. Aussie dollar 0.7563.

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Bitcoin collapses from 8250 to 7820, -5.2%, in 90 minutes. The volatility in the digital currency space continues. Start-up company Tether, that introduces a cybercurrency backed by dollars, says its systems are hacked and $31 million in tether tokens are stolen. The digital currency space is like the ‘wild, wild West’ (lawless frontier days).

SUNDAY 11/19/17

North Korea has not fired a missile in two months. Military minds are wondering what is happening inside the hermit kingdom. Is NoKo rethinking their aggressive approach against the world? Is Kim Jong-un ill? Is the tin-pot dictator plotting a 




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High-yield bonds have taken a beating over the last month as evidenced by HYG and JNK but the charts recover one-half the recent losses late last week. LQD exhibits the same behavior a drop this month but quick recovery. Seasoned trades are likely moving money from high-yield (HY) to investment-grade (IG) bonds. The HYG and JNK charts will tell a lot about the direction of the US stock market going forward. The credit markets are always key.

SATURDAY 11/18/17

SPX 2579. INDU 23358. COMPQ 6783 (all-time high last week). NDX 6315 (all-time high last week). RUT 1493. NIKK 22397. ASX200 5957. KOSPI 2534. SSEC 3382. HSI 29199. DAX 12994. CAC 5319. FTSE 7381. MIB 22093. IBEX 10010. PSI 5259.

Thousands take to the streets in Zimbabwe calling for 






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, SHPG, SUPV, VNTV and XELA. Trian Fund is buying MDLZ, PG and SYY. Tudor Investment is buying BIVV, COL, DG, GE, HRI, KSS, PYPL, SNI and STZ. The future is so bright that everyone is wearing rose-colored glasses.

FRIDAY 11/17/17; FBI Special Counsel Subpoenas Trump Campaign; Moody’s Upgrades India; Bitcoin Prints Record High at 7998; ECB President Draghi Speaks; Housing Starts; Yield Curve Flattens; 2-10 Yield Spread Narrows to 61 Bips

US futures are flat. S&P flat. Dow +8. Nasdaq +8. Aussie and Asia markets begin trading higher piggy-backing on the US market joy. The NIKK pops +1.6%. Topix +1%. Tech stocks rally. ASX 200 +0.3%. Healthcare stocks lead higher. KOSPI +1%. SK Hynix pops +0.6%. New Zealand’s stock market index is up +0.5%.

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Sexual misconduct allegations and charges are dominating news coverage in the United States. Celebrities and politicians are called to account for past indiscretions. Several sick lawmakers are accused of groping females including underage victims. Many Washington, DC, politicians and other big shots are accused of sex scandals, sexual harassment, sexual assault and even rape for acts performed over the last three decades. Paraphrasing English Catholic historian John Dalberg-Acton from the 1800's, 'power corrupts and absolute power corrupts absolutely'.

THURSDAY 11/16/17; US 2-10 Yield Spread Narrows to 63 Bips; Yield Curve Flattens; BBY; VIAB; WMT; NTAP; RH; Philly Fed Business Outlook Survey; Fed Speak; Import and Export Prices; Industrial Production; House Approves Tax-Cut Plan; US Stocks Rally; COMPQ (Nasdaq Composite) and NDX (Nasdaq 100) Print All-Time Highs; GPS; WSM; ROST; AMAT

Treasury yields are; 2-year 1.69%, 5-year 2.04%, 10-year 2.33%, 30-year 2.77%. The 2-10 spread is 64.3 bips narrowing more than the low from last week. The US yield curve is flattening. Interestingly, Wall Street strategists continue touting banks as the greatest thing since sliced bread but a flatter curve squeezes profits. As the yield curve flattens and potentially inverts, the United States approaches recession.

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FBI Special Counsel Mueller investigating Russia involvement in the November 2016 election has subpoenaed the Trump campaign last month for more documents and emails.

WEDNESDAY 11/15/17; Japan Stocks Collapse -2%; Cascading Global Selloff; 2-10 Yield Spread Narrows to 64 Bips; Yield Curve Flattens; TGT; SBH; CPI (Consumer Price Index); Retail Sales; Empire State Mfg Survey; Business Inventories; US Stocks Selloff and Recover; CSCO; LB; NTES

Euro 1.1793. Dollar/yen 113.41. Pound 1.3159. Aussie dollar 0.7631. India rupee 65.42. Dollar/yuan 6.6361.

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Investors are reckless with money since the central bankers remain accommodative. There is no reason to study investment decisions since the central bankers will always save the day and support the stock markets. Investors remain long stocks and anxious to buy the dips.

TUESDAY 11/14/17; World’s Central Bankers Meet in Frankfurt; HD; ARMK; LNG; SSYS; PPI (Producer Price Index)

Euro 1.1666. Euro/yen 132.54. Dollar/yen 113.63. Pound 1.3113. Euro/pound 0.8895. Mexican peso 19.1353. Canadian dollar 1.2737. Dollar/yuan 6.6405. Aussie dollar 0.7619.

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The API Oil Inventories are a huge 6.5 million barrel build when a 1.4 million draw down was expected. Oil prices will retreat since crude is sloshing around in the tanks filled to the brim. Gasoline Inventories are a build so there is no need for refineries to boost oil demand. WTIC oil 55.31. Brent oil 61.73.

MONDAY 11/13/17; Iran-Iraq 7.3 Magnitude Earthquake; TSN; GE Crashes -7.2% After Cutting Dividend; Congress Relaxes Regulations for Regional Banks; FTEK

US futures are marginally higher. S&P +3. Dow +24. Nasdaq +7. WTIC oil 56.93. Brent oil 63.74. Natural gas 3.20. Gold 1275. Silver 16.89. Copper 3.079.

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Over 450 people are killed from the devastating earthquake on the Iran-Iraq border. Thousands are injured. The region is in chaos. Aid is needed.

SUNDAY 11/12/17; President Trump’s Asia Trip is Wrapping Up in Philippines

President Trump clarifies his statement yesterday saying that he believes Putin’s claim that he did not meddle in the US elections. Trump, now a Washington, DC, politician, plays semantic games and says he believes that President Putin believes that he was not involved in the US elections. Trump backtracks after receiving criticism that he did not trust the US intelligence agencies. Trump stresses that he believes and supports the intelligence agencies.

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Apple is busy recovering from another issue with the iPhones where the operating system is causing the letter “i” to change to an “a” or a question mark. This bug can be fixed with the new iOS 11.1.1.

Fed’s Harker speaks in Tokyo.

SATURDAY 11/11/17; Veterans Day; Armistice Day (WWI); Single’s Day

SPX 2582. INDU 23422. COMPQ 6751. RUT 1475. NIKK 22681. SPASX200 6029. KOSPI 2543. SSEC 3433. HSI 29121. BSE 33315. DAX 13127. CAC 5381. FTSE 7433. MIB 22561. IBEX 10101. PSI 5302.

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The Disneyland theme park in Anaheim, California, USA, is stricken with an outbreak of Legionnaires’ disease due to contaminated water from the cooling towers. The Legionella bacteria has infected about one dozen people over the last couple weeks. One person dies but had other health issues. DIS stock may be impacted on Monday.

FRIDAY 11/10/17; President Trump Travels from China to Vietnam; MT; Consumer Sentiment; US Stocks Selloff

Aussie and Asia markets begin trading soft. NIKK -1.1%. ASX 200 -0.4%. KOSPI -0.4%. US futures are flat. S&P -2. Dow +1. Nasdaq -3.

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The US dollar index is at 94.28 sitting on the 20-day MA at 94.14. On the week, USD drops -0.6%. The euro, XEU, bounces +0.5% this week to 1.1664 sitting on the 200-week MA at 1.1662. The euro will bounce or die from this level next week and the US dollar index will move in the opposite direction.

October Publication of the Daily Chronology of Global Markets and World Economics 2017-10 is Available from Amazon; World Stock Markets Print Record Highs; SPX, INDU, COMPQ, NDX, RUT, NYA, TRAN, NIKK, KOSPI, SSEC, HSI, BSE, DAX, CAC, FTSE, MIB, PSI; Dow 23K; Jerome Powell Next Fed Chairman; Treasury Yields Rise Yield Curve Flattens; US GDP 3.0%; Bitcoin 7454; ECB’s Draghi Announces ‘Dovish Taper’; BOE’s Carney Announces ‘Dovish Hike’; PBOC Warns About “Minsky Moment”; Former Trump Campaign Manager Manafort Indicted; Catalonia Independence Vote; China People’s Congress

The October Publication of the Daily Chronology of Global Markets and World Economics 2017-10 is available through Amazon. The historic market action continues with more all-time and multi-year record stock market highs printing in the major indexes and for individual stocks around the world. The world is awash in central banker liquidity so all asset classes continue floating ever higher, perhaps forever.

October Cover Highlights;

WORLD STOCK MARKETS PRINT RECORD HIGHS; SPX, INDU, COMPQ, NDX, RUT, NYA, TRAN, NIKK, KOSPI, SSEC, HSI, BSE, DAX, CAC, FTSE, MIB, PSI

DOW 23K

JEROME POWELL NEXT FED CHAIRMAN

TREASURY YIELDS RISE YIELD CURVE FLATTENS

US GDP 3.0%

BITCOIN 7454

ECB’S DRAGHI ANNOUNCES ‘DOVISH TAPER’

BOE’S CARNEY ANNOUNCES ‘DOVISH HIKE’

PBOC WARNS ABOUT “MINSKY MOMENT”

FORMER TRUMP CAMPAIGN MANAGER MANAFORT INDICTED

CATALONIA INDEPENDENCE VOTE

CHINA PEOPLE’S CONGRESS

The October chronology highlights the non-stop all-time record breaking stock market highs in all seven major US indexes. The Dow overtakes 23,000. Bitcoin prints above 7000.

President Trump continues boasting about the new record highs in stocks taking full credit and responsibility for the joy. US GDP prints a 3-handle for two consecutive quarters. Oil is on the move higher with both West Texas and Brent printing at two-year highs.

Despite the upbeat sentiment in the economy, wages remain dead flat and inflation that the central bankers have tried to create for the last nine years with Keynesian monetary policies, cannot exist without wage inflation. The central bankers, such as the ECB and BOE in October, always remain dovish even if they are trying to pare back on the obscene years of stimulus that has goosed stock markets and other assets to bubble highs.

Jerome “Jay” Powell is named as the next Fed chairman who takes the helm from Chair Yellen on 2/3/18. Former Trump campaign manager Paul Manafort is arrested for not disclosing business dealings with Russia but none of the charges implement the president.

Spain is in turmoil with Catalonia (Barcelona) declaring independence but the movement crumbles as the heavy hand of PM Rajoy and the central Spanish government (Madrid) takes control of the region. The PBOC, China’s central bank, warns that a of a “Minsky Moment” may occur in the stock market (a dramatic collapse).

The chronology explains the price moves in global stock, bond and currency markets after key geopolitical events, central bank monetary policy meetings and economic data releases such as the monthly jobs report. 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 and economic news take place in real-time.

You can re-live the real-time price moves and excitement in markets for any past events including the May 2015 stock market top (2015-02 through 2015-10), Brexit (2016-06 and 2016-07), the US election (2016-10 and 2016-11), the drama behind the French election (2017-04 and 2017-05), economic data releases, monthly jobs reports, Fed meetings and much more. The wild overnight crash in the S&P futures, and quick recovery, after President Trump’s election last November is chronicled in real-time, as it happened minute-by-minute, in the 2016-11 publication.

As always, all monthly publications of the Daily Chronology of Global Markets 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 publications contain updated information not posted on the Keystone the Scribe web site as well as clarifications, corrections, edits and refinements to the ongoing daily blog text.

The November 2017-11 chronology is tentatively set for publishing by Amazon on Saturday, 12/2/17.

The highly popular Keystone the Scribe daily market chronology blog, Keystone Speculator stock, bond and currency (Forex) charts and technical analysis blog and the Keybot the Quant algorithm status blog are visited by over one-half million people around the world each month. The free original content on global markets is not available anywhere else and only continues if the sites are better supported. Disable your ad-blocking software for these blogs so the robots can tally proper advertising credit. Proceeds aid charities.

FRIDAY 11/3/17; AAPL Earnings Aftermath; Apple iPhone X in Stores; BSE Sensex (India) Prints All-Time High; AXL; BLMN; DUK; MCO; PBPB; RLGY; RUTH; BID; USCR; VST; US Monthly Jobs Report; International Trade; PMI Services Index; ISM Non-Mfg Index; Factory Orders; PSI (Portugal) Collapses -1.4%; Bitcoin Prints Record High Above 7.4K; Yield Curve Flattens; 2-10 Yield Spread 71 Bips

The 

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THURSDAY 11/2/17; President Trump Names Jerome Powell as Next Federal Reserve Chairman; Bitcoin Above 7000; BOE Super Thursday Rate Decision and Governor Carney Press Conference; European PMI’s; DWDP; APA; ADP; AVP; BABA; CHD; CI; DISCA; EXC; IT; H; MLM; NBL; RL; TEVA; VMC; W; YUM; ZTS; Challenger Job-Cut Report; Productivity and Costs; GOP (Grand Ole Party; Republicans) Releases Tax Cut Bill; 2-10 Yield Spread Narrows to 73 Bips; AAPL Prints All-Time High and Exceeds $900 Billion Market Cap; SBUX; AIG; DATA; ATVI; CBS; ED; LOCO; FLR; GNW; HLF; MTZ; MOH; NE; P; TIVO; YRCW

The

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