TUESDAY 1/23/18; Global Trade Wars Begin; BOJ Rate Decision; HSI (Hong Kong) and BSE (India) Print All-Time Highs; BSE Sensex Above 36K; Nifty Index Above 11K; World Economic Forum Begins in Davos, Switzerland; DAX (Germany) Prints Record High; JNJ; PG; KMB; TRV; VZ; ATI; FITB; HBAN; STT; SPX, INDU, COMPQ, NDX, RUT, NYA and SOX Print All-Time Record Highs; Natural Gas Rallies Over +6%; 2-Year Note Auction; COF; CNI; TXN; UAL

President Trump fires a shot across the bow at overseas solar and 






[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

Senate confirms Jerome Powell as the next chairman of the Federal Reserve taking over for Chair Yellen. The vote confirming Powell is 85 to 12. 

MONDAY 1/22/18; BOJ Begins 2-Day Policy Meeting; US Government Shutdown Ends After Three Days; HSI (Hong Kong) and BSE (India) Indexes Print All-Time Highs; HAL; UBS; Chicago Fed Activity Index; SPX, INDU, COMPQ, NDX, RUT, NYA and SOX Print All-Time Highs; NFLX; AMTD; STLD; ZION

Euro 1.2262. The euro pops +0.3% after the German SPD Party votes to 




[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

be swept under the rug and hidden from the huddled masses. Thieves stick together. This is America in 2018.

SUNDAY 1/21/18; US Government Shutdown Day Two; Germany’s SPD Votes on Coalition Government; Turkish Troops Invade Northern Syria

The US government shutdown continues for the second day. The republicans and democrats will be spinning the situation on the Sunday morning talk shows.

[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

 enter formal talks to form a coalition government. Chancellor Merkel is relieved as the four-month stalemate begins to resolve. The euro pops +0.3% higher to 1.2262.

SATURDAY 1/20/18; US Government Shutdown Occurs Day One

The US government shutdown occurs at 12:01 AM EST which is surprising. The weasel politicians typically make an eleventh hour deal. The stock market was completely sanguine about the potential shutdown yesterday printing 




[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

will likely denounce and distance themselves from Eric Trump’s statement that the shutdown is “a good thing.”

FRIDAY 1/19/18; Chinese Yuan Strengthens to 6.39; US 10-Year Treasury Yield Prints 2.646% Highest Since July 2014; German 10-Year Bund Yield Prints 0.60%; STI; R; SYF; KSU; SLB; Consumer Sentiment; SPX, COMPQ, NDX, RUT, NYA, and SOX Print All-Time Record Highs; US Government Shutdown Occurs

Aussie and Asia stocks are trading on the positive side shaking off the weakness in 






[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

receive their social security checks. The post offices will remain open. Parks will remain open but the workers will not be there to assist visitors or empty the trash cans.

The blame game begins at 12:01 AM EST.

THURSDAY 1/18/18; NIKK (Japan) Above 24K; BOK Rate Decision; China Economic Data; BSE (India) Above 35K; MS; BBT; BK; KEY; MTB; JBHT; PPG; Housing Starts; Philly Fed; INDU (Dow Industrials), NDX (Nasdaq 100) and SOX (Semi’s) Print All-Time Highs; IBM; AXP

US futures are flat. S&P +1. Dow +28. Nasdaq +2.

[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

if a government shutdown occurs which impacts services for common Americans while at the same time Trump and his wealthy friends are dancing, singing and drinking wine. The democrats have a bit of leverage against the orange-headed showman.

WEDNESDAY 1/17/18; Cybercurrency Carnage; HSI (Hong Kong) Prints All-Time Record High; BSE Sensex (India) Prints Record High Above 35K; GS; BAC; USB; ASML; FAST; Industrial Production; Beige Book; Fed Speak; US Stocks Rally; SPX (S&P 500), INDU (Dow Industrials), COMPQ (Nasdaq Composite), NDX (Nasdaq 100), NYA (NYSE Composite) and SOX (Semiconductors) Print All-Time Highs; Dow Closes Above 26.1K; S&P 500 Closes Above 2,800; Pound (Sterling) Above 1.39; AA; KMI

A report by China Labor Watch and by Bloomberg News exposes Catcher Technology, an Apple supplier, for poor working and 





[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

are another big drawdown at 5.1 million barrels more than the 3.6 million expected. Gasoline and Distillates are builds. WTIC oil 64.14. Brent oil 69.38.

TUESDAY 1/16/18; HSI (Hong Kong) Index Jumps +1.8% to All-Time Record Closing High; Bitcoin Crashes -25% Under 12K; Ethereum Crashes -30%. Ripple Crashes -35%; C; SCHW; CMA; UNH; Empire Mfg Index; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Record Highs; Dow Jones Industrials Above 26,000; S&P 500 Above 2,800; Russell 2000 Above 1,600; US Stocks Plummet Intraday; CSX

The euro floats higher after ECB’s Hansson says bond purchases will 





[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

units with superior night vision technology will carry out more raids in the pitch-black darkness over the next few days. Earthquake activity may occur.

MONDAY 1/15/18; US Markets Closed for Martin Luther King, Jr, Day; British Multinational Carillion Goes Belly-Up

US markets are closed today for the Martin Luther King, Jr, Day holiday. Americans celebrate King’s non-violent fight for civil rights. King was assassinated on 4/4/1968.

Euro 1.22. Euro/yen 135.51. Dollar/yen 111.09. Pound 1.3728. Euro/pound 0.8886. Mexican peso 19.0457. Canadian dollar 1.2466. Dollar/yuan 6.469. Indian rupee 63.64. Aussie dollar 0.7907. USD 90.92.

[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

Bitcoin 14232. Ethereum 1310. Ripple 1.82.

SUNDAY 1/14/18

Boom. A 7.3 magnitude earthquake hits Peru off the 


[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]


 people are dead and four missing from the California mudslide tragedy.

SATURDAY 1/13/18

All seven major US stock indexes are at 





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stink develops afterwards and an investigation begins into why the emergency alert was issued.

FRIDAY 1/12/18; China Trade Data; HSI (Hong Kong) Extends Record High and 14-Day Winning Streak; Euro Above 1.21; Pound Above 1.37; Dollar/Yen 110-Handle; FTSE (London) Prints Another Record High; BSE (India) Prints Record High; JPM; WFC; BLK; PNC; CPI (Consumer Price Index); Retail Sales; Business Inventories; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Highs; AMZN (Amazon) Above 1,300; US Dollar Index 90-Handle

Aussie and Asia stocks begin trading higher 




[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

 three rate hikes are likely this year but he is not showing his hand. Rosengren is concerned about the falling unemployment rate and stubbornly low inflation. Rosengren continues touting the idea that the Fed should target an inflation range of +1.50% to +3.00% instead of a point value of +2.00%.

THURSDAY 1/11/18; China Refutes Story About Paring-Back Purchases of US Treasuries; HSI (Hong Kong) Prints Record High and 13-Day Record Winning Streak; FTSE (London) Record High; DAL; PPI (Producer Price Index); SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Highs; Dow Above 25,500; Nasdaq Composite Above 7,200; Nasdaq 100 Above 6,700; NYSE Composite Above 13,200; Dow Jones Transports Above 11,300; WTIC Oil Above 64; Brent Oil Above 70; 30-Year Bond Auction; UTIL (Utilities) in -11.5% Correction

Euro 1.195. Euro/yen 133.10. Dollar/yen 111.38. The stronger yen (lower dollar/yen pair) will smack the Japanese exporters and 






[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

 tomorrow morning’s bank earnings reports, three of the four stocks on deck finish higher. JPM +0.5%. WFC -0.2%. BLK +1.2%. PNC +1.3%. Tomorrow’s bank earnings will set the market mood for the days ahead.

WEDNESDAY 1/10/18; Ethereum Prints Record High; China Says US Treasuries are Less Attractive Investments; US 2-10 Yield Spread Above 62 Bips; US 10-Year Yield Tags 2.60%; LEN; SVU; Wholesale Trade; TRAN (Dow Jones Transports) Print All-Time High; 10-Year Note Auction; KBH; PRGS

Aussie and Asia stocks begin trading lower. The 2018 cascading global stock market rally is sputtering and 






[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

constructs a +4% gain on earnings. KB Home delivers the goods but Lennar fell short this morning. PRGS +8%. WM trades flat after Waste Mgmt says it will provide $2,000 bonuses to employees.

TUESDAY 1/9/18; Samsung; South and North Korea Conduct Talks; US 10-Year Yield Above 2.50%; AYI; SCHN; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Highs; JOLTS Report; WTIC Oil Prints Above 63; Brent Oil Above 69; WDFC

Aussie and Asia stocks begin trading mixed. Japan’s Nikkei Index is up +0.9%. Topix +0.666%. ASX 200 +0.2%. The KOSPI is down 





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 says the tax bill will greatly benefit the financials. Lutnick is bullish on banks and the stock market. Lutnick says, “You will continue to see a positive (stock) market. We are going to keep rockin’ higher.” Lutnick says, “Financials are in a good spot.” Everyone in Manhattan is bullish.

Notable investor Bill Miller, typically an uber bull, says the stock market may melt-up +30% this year.

MONDAY 1/8/18; Cascading Global Stock Market Rally Continues; BSE Sensex (India) Record High; FTSE (London) and SMI (Switzerland) Record Highs; HELE; Fed Speak; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Highs; Trannies (TRAN) Print Above 11,000; Ethereum Prints Record High; AEO; CUDA; URBN

The seven major US stock indexes begin the 






[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

 is joyous today AEO is whacked -2.8% on earnings. CUDA beats on the top and bottom lines. AGN rises +0.6% on higher guidance.

Amazon CEO Jeff Bezos is the $105 billion-dollar man after AMZN rallies +1.4% today to 1247. King Bezos rules the retail landscape.

Flash Crashes, Fat Fingers and Computer Glitches, Oh My! 2nd Edition Available from Amazon

Flash Crashes, Fat Fingers and Computer Glitches, Oh My! summarizes the major system outages in global stock, bond, currency and futures markets since the infamous 5/6/10 Flash Crash. The flash crash events are chronicled in real-time as they occur and provide information not found elsewhere on the internet or in print.

This is the second edition updated for the flash crashes and outages that occurred in 2017. A link is at the right or simply type the title into any search engine or Amazon.

Flash crashes and flash spikes are occurring in global markets and exchanges at an increasing and alarming rate. Exchange officials and regulators downplay the events so as not to cause a loss of confidence in markets.

In late 2017, the bitcoin, ethereum, ripple and litecoin cryptocurrencies create erratic behavior and platform outages. Flash Crashes, Fat Fingers and Computer Glitches, Oh My! highlights the flash crash and flash spike events in markets that the exchanges, regulators and media are sweeping under the rug. Is another 5/6/10 Flash Crash, or worse, on the horizon?

SUNDAY 1/7/18

In Iran, the Revolutionary Guard says the social unrest has been defeated and security restored. The Guard blames 





[Purchase the 2018-01 chronology to experience the S&P 500 crossing above 2,800 and Dow Industrials above 26,600.]

main ruptures flooding one of the terminals at JFK. Food and water is in short supply. Two airplanes nip wings on the runway causing damage. It is a nightmare. The week may be off to a slow start up and down the East Coast.

December Publication of the Daily Chronology of Global Markets and World Economics 2017-12 is Available from Amazon; EOY 2017 Statistics; US Stock Indexes Print All-Time Highs; Global Stock Indexes at Record and Multi-Year Highs; Dow 25,000; SPX 2,700; BRKA 300,000; Tax Bill; Blockchain; Bitcoin, Ripple, Ethereum, Litecoin; MIFID; Iran in Chaos; North Korea Turmoil; “Fire and Fury” Book; UTIL (Utilities) in -10% Correction; 2018 Begins

The December Publication of the Daily Chronology of Global Markets and World Economics 2017-12 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 individual stocks around the world. The S&P 500 crosses above 2,700 for the first time in history. The Dow Jones Industrials cross above 25,000 for the first time in history creating euphoric market joy. The world is awash in central banker liquidity so all asset classes continue floating ever higher, perhaps forever.

December Cover Highlights;

EOY 2017 STATISTICS

US STOCK INDEXES PRINT ALL-TIME HIGHS

GLOBAL STOCK INDEXES AT RECORD AND MULTI-YEAR HIGHS

DOW 25,000

S&P 500 2,700

BRKA 300,000

TAX BILL

BLOCKCHAIN

BITCOIN, RIPPLE, ETHEREUM, LITECOIN

MIFID

IRAN IN CHAOS

NORTH KOREA TURMOIL

“FIRE AND FURY” BOOK

UTIL (UTILITIES) IN -10% CORRECTION

2018 BEGINS

The December chronology highlights the non-stop all-time record breaking stock market highs in all seven major US indexes (SPX, INDU or DJI, COMPQ, NDX, RUT, NYA, TRAN or DJT). The Dow overtakes 25,000 and the S&P 500 is above 2,700.

The EOY (End-of-Year) statistics are provided. Warren Buffett stands up and performs a jig of joy as his Berkshire Hathaway stock crosses above 300,000 for the first time ever. Warren never believed in stock splits.

The cryptocurrency and blockchain drama is at fevers pitch in December with crazy price moves occurring and platform outages. Companies are attaching their name to bitcoin or blockchain and exploding higher in price reminiscent of companies calling themselves a dot-com company during the 1999-2000 bubble.

The new MIFID rules come into effect across the pond creating lighter trading volume. Uprisings in Iran have the mullahs concerned. North Korea continue to rattle its saber but has agreed to talks with South Korea in January.

As the new year begins, President Trump is under fire from a gossip-style book “Fire and Fury” that says many disparaging things about the president and his family. The utility sector crashes into a correction down -10% at the same time the broad stock indexes print new joyous record highs.

President Trump continues boasting about the new record highs in stocks taking full credit and responsibility for the joy. Oil is on the move higher with both West Texas and Brent printing at 2-1/2 year highs.

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 relive 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.

The 2017-11 publication chronicles the 400-point intraday drop in the Dow on Friday, 12/1/17, when it was thought that former Trump adviser Michael Flynn had implicated the president in nefarious deeds. This news story turned out to be not true although Jared Kushner and Donny Trump, Jr, may be in trouble.

The 2017-12 issue highlights all the wild action in the cybercurrency arena with bitcoin, ripple, etherum, litecoin and others. You can relive the excitement of the SPX 2,700 and Dow 25,000 levels in the 2017-12 publication as well as reference all the key statistics for the year for the world’s stock indexes, bonds, commodities, currencies and important individual stocks.

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 January 2018-01 chronology is tentatively set for publishing by Amazon on Saturday, 2/3/18.

The highly popular ‘Keystone the Scribe’ daily market chronology blog, ‘The Keystone Speculator’ stock, bond and currency (Forex) technical analysis and charts blog and the ‘Keybot the Quant’ algorithm blog are visited by over one-half million people around the world each month. The free original content on these sites is not available anywhere else and only continues if the sites are supported. Thank you.

SATURDAY 1/6/18

The US stock indexes print all-time record highs off to a 





[Purchase the 2018-01 chronology to take a wild ride in the cybercurrency market and experience the S&P 500 crossing above 2,700 and Dow Industrials above 25,000.]



best salesman for the book since his vehement rebuttals create attention and interest sending the book to the top of the best seller list. The palace intrigue continues.

FRIDAY 1/5/18; Cascading Global Stock Market Rally; US 2-10 Yield Spread 48 Bips; Yield Curve Flattening; US Monthly Jobs Report; International Trade; Factory Orders; ISM Non-Mfg Index; FTSE (London) Prints Record High Above 7.7K; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Highs; UTIL (Utilities) Drop Into -10% Correction

US futures are 





[Purchase the 2018-01 chronology to take a wild ride in the cybercurrency market and experience the S&P 500 crossing above 2,700 and Dow Industrials above 25,000.]


 approval rate at 40% which is an improvement from the prior 36% which is down in the basement. The orange-headed leader’s popularity may be benefiting from the tax bill passage.

THURSDAY 1/4/18; Cascading Global Stock Market Rally; Global PMI Services Indexes; NIKK (Japan) Index Launches +3.3% at 26-Year High; WTIC Oil Prints Above 62; Brent Oil Prints Above 68; VIX 8-Handle; WBA; RAD; Challenger Job-Cut Report; ADP Employment Report; SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print All-Time Record Highs; DOW PRINTS ABOVE 25,000 FIRST TIME IN HISTORY; European Stock Indexes Rally; DAX (Germany) +1.5%; CAC (France) +1.6%; MIB (Italy) +3%; IBEX (Spain) +2%; PSI (Portugal) +1.5%; FTSE (London) Prints All-Time High Above 7.7K; Global Market Participants are Euphorically Bullish; SONC

The cascading global stock market rally continues looping around the world from the US to Asia to Europe back to the US and now back to 





[Purchase the 2018-01 chronology to take a wild ride in the cybercurrency market and experience the S&P 500 crossing above 2,700 and Dow Industrials above 25,000.]




to stop the book publication but will likely fail. If released, the book will dominate the news cycle all weekend long. Trump’s negative words about the book and Bannon only creates more interest and will generate larger book sales.

WEDNESDAY 1/3/18; Cascading Global Stock Market Rally; Ripple Record High 2.51; Pound Prints Above 1.36; Thailand SET Index Prints Record High; MIFID II Implementation Day; ISM Mfg Index; FOMC Minutes; Oil Rallies +2.3%; VIX Prints 8-Handle; Seven Major US Stock Indexes SPX, INDU, COMPQ, NDX, RUT, NYA and TRAN Print Record Highs; S&P 500 PRINTS ABOVE 2,700 FIRST TIME IN HISTORY

Japan remains closed for the holiday. The ASX 200 and KOSPI each begin trading 




[Purchase the 2018-01 chronology to take a wild ride in the cybercurrency market and experience the S&P 500 crossing above 2,700 and Dow Industrials above 25,000.]




are a 5.0 million barrel drawdown less than the 5.3 million expected. Gasoline and Distillate Inventories are builds. The EIA Oil Inventories are reported tomorrow morning. WTIC oil 61.79. Brent oil 67.90.

TUESDAY 1/2/18; US Dollar 91-Handle; Global PMI’s; PBOC Temporarily Cuts Triple R’s; SSEC (China) Rallies +1.3%; HSI (Hong Kong) Rallies +2%; PSI (Portugal) Rallies +1.5%; US Stocks Rally; SPX (S&P 500), COMPQ (Nasdaq Composite), RUT (Russell 2000), NYA (NYSE Composite) and TRAN (Dow Transports) Print All-Time Record Highs; COMPQ Above 7000; NYA Above 12.9K; NDX +1.8%; TRAN +1.9%; SOX +2.8%

The New Year’s punch bowl is empty, the noisemakers are silent and now it is time for America to get back to work. The 



[Purchase the 2018-01 chronology to take a wild ride in the cybercurrency market and experience the S&P 500 crossing above 2,700 and Dow Industrials above 25,000.]




 poses a risk from a national security perspective.

The API Oil Inventories are delayed one day due to the holiday.

'Tis the Season for Giving

A snow bird whispers in Keystone’s ear that it is the giving season. It is time to turn the couch cushions over and send any loose change this way which keeps the lights on and dictates how much content is posted to the K E Stone blogs including The Keystone Speculator, Keybot the Quant and Keystone the Scribe. Any amount is appreciated. It goes to a good cause. The donate button is in the right-hand margin. Thank you.

At a minimum, to help the disadvantaged, go through your closets and donate any winter clothes, especially winter coats, that you no longer wear, to the local thrift shop in your area. Donate the clothes to the local volunteer shops rather than the nation-wide store chains since the hard-working blue-haired gals at the local thrift stores know the direct needs of the disadvantaged people in the community.

Also, take five minutes to clean out the pantry. Place the canned goods you no longer plan to eat in a box or bag and drop that off at the local food bank. Many folks would be happy to eat those beans or that soup that you no longer like. Good luck and happy investing in 2018.