THURSDAY 5/7/15; Asia Stocks Selloff; UK Election; Global Bond Selloff Yields Explode Higher; APA; BABA; MWW; REGN; WPP; Consumer Credit; CBS; CERN; MHK; NVDA; TSO

Fed Chair Yellen’s comment that “valuations are quite high” has created negativity in global markets with dramatic weakness in world markets overnight. Over the last two weeks, over two trillion dollars in value in global stocks and bonds has been erased.

Asia indexes are a sea of red. SSEC -2.8%. NIKK -1.2%. HSI -1.3%. SPASX200 -0.8%. Taiex -1.2%. Bangkok -1%. Jakarta Comp -0.7%. KOSPI -0.7%. Nifty -0.7%. Straits Times -0.8%. Negative numbers across the board. The Australian jobless rate 

















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consensus for the Monthly Jobs Report is 220K. Many traders are expecting a lower number in the 180Kto 220K range. A blowout number at 250K will place the first rate cut firmly on the table sooner rather than later.

WEDNESDAY 5/6/15; China and Europe PMI Services; CHK; DNR; GSK; HAIN; SODA; OXY; ADP Jobs Report; Productivity and Costs; Fed Chair Yellen Says "Valuations Quite High"; US Stocks Selloff; TSLA; DYN; GMCR; MRO; SD; PRU; RIG; WFM

Today is Constitution Day in Japan so markets remain closed and will reopen tomorrow. At 10 PM EST Tuesday evening in the States (11 AM Tokyo local time Wednesday morning), S&P +4. Dow +34. Nasdaq +7. Euro 1.1188. Dollar/yen 119.92. USD 95.14. Pound 1.5177. Aussie dollar 0.7947.

WTIC oil 60.92. Brent oil 67.90. Natural gas 2.791. Gold 1194. Silver 16.56. Copper 2.9325.

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Organic food seller WFM collapses -10% after meeting on EPS but missing on top line sales. ZNGA jumps +7% higher after announcing plans to can 18% of its workforce about one in every five workers. Investors are happy since the same amount of work will now be performed with less people.

TUESDAY 5/5/15; Cinco de Mayo; ADM; DIS; EL; K; ODP; European Stocks Mini-Crash; WTIC Oil Above 60; US Stocks Collapse; EA; GRPN; MYL; SCTY; WTW; ZU

Japan, Thailand and South Korea markets are closed. The RBA cuts the key rate by 25 basis points to 2% as expected. Oddly, the Aussie dollar is 0.7889 strengthening instead of weakening. Traders must think that there are no further cuts planned by the RBA with 
















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Fed’s Kocherlakota, an uber dove, says rates should not begin to rise until 2016. The Fed loves to print money and the wealthy, that own stocks, are greatly appreciative of the never-ending Keynesian policies.

MONDAY 5/4/15; Global PMI’s; CMCSA; DO; TSN; Factory Orders; APC; CAR; KS; THC; VNO

Japan, Thailand and Malaysia markets are closed. At 7:05 PM EST Sunday evening in the States (8:05 AM Tokyo time), S&P -1. Dow -3. Nasdaq -2. Euro 1.1187. Dollar/yen 120.19. Pound 1.5157. Aussie dollar 0.7831. WTIC oil 59.15. Brent oil 66.46. Natural gas is down -0.7% to 2.76. Gold 1178. Silver 16.17. Copper is down -0.7% to 2.9070.

US Treasury yields are; 2-year 0.59%, 5-year 1.50%, 10-yer 2.11%, 30-year 2.83%.

The SPASX200 is up +0.2%. Australia’s second largest lending company Westpac drops -3% after reporting disappointing results so other banks trade lower in sympathy. Worley Parsons, that provides 

















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APC drops -1% missing on the top and bottom lines. CAR beats on EPS but misses on the top line. TXRH bounces +5% on strong earnings; steaks for all. XEC misses on the top and bottom lines. EOG beats on EPS but misses on the top line; its oil hedges are helping the energy company. RAIL derails after missing on earnings.

KS misses on top and bottom lines a troubling harbinger for the economy. If paper and packaging products are not in demand the economy is not doing well. RGR shoots higher in the afterhours after beating on earnings. THC gains +3% after beating on earnings. VNO misses on the top and bottom lines which may create concern in the REIT space. PIMCO Total Return fund is no longer the largest bond fund due to Bill Gross’s departure.

April Monthly Publication of the Daily Chronology of Global Markets and World Economics is Available from Amazon

The April publication of the Daily Chronology of Global Markets and World Economics 2015-04 is available through Amazon (AMZN). Stock markets print new all-time record highs in April. The German 10-year bund yield drops to 0.49% then catapults to 0.390% reflecting strong buying then strong selling, respectively. The choppy sideways nature of stocks continues.

Global central bankers continue pumping stocks higher especially the ECB and PBOC. The dovish Fed continues to pump stocks higher with the first rate hike pushed farther into the future. The Greece bailout drama continues. Deflation remains rampant in Europe as the ECB pumps stocks to record highs. 

Yemen is in chaos another nation crumbling from Islamist terrorism activity. The Holy War waged by ISIS Islamist radicals against Christians and Jews continues. Social unrest and wars continue around the world. Ukraine fighting is ongoing despite the ceasefire. ISIS Islamist radicals are performing genocide against Christians and Jews while the world looks on. In the US, the Baltimore riots create an image of a new America.

The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2008 are repeating the same mantra these days. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not.  If a multi-year top prints during the weeks ahead, the chronology serves as the most accurate accounting of the market topping process. The chronology is the most reliable and easy to understand source explaining global markets.

As always, all monthly publications are available from the links in the left margin. The monthly publication contains updated information not posted on the web site as well as clarifications and refinements to the chronology.

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how a potential epic stock market top forms in real-time. The detailed chronology prevents the writing of revisionist history in the future.The monthly publications are compatible with most electronic devices and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.

SUNDAY 5/3/15

The sick Islamic State (ISIS) radicals commit genocidal murder killing over 300 Yazidi captives held west of Mosul, Iraq. The slaughter was indiscriminate with men, women, children, and even the elderly, murdered in cold blood. Satin is alive on Earth. The militant Muslims are fighting a modern-day Holy War that began in Syria and Iraq after President Obama pulled all troops from Iraq a couple years ago. Yazidi is 













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 to see how Asia sets up for trading especially after the big US stock market rally on Friday. A 4.2 magnitude earthquake hits the Midwest rattling folks in Michigan and Ohio. There are no injuries but many buildings are cracked from the tremor. A 3.9 magnitude quake hits California.

SATURDAY 5/2/15

In London, England, Duchess Kate gives birth to a baby girl. The UK economy will receive a boost as consumers buy souvenirs to commemorate the event. The fashion industry benefits depending on what Kate and baby girl are wearing.

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A plain-clothed New York City police officer is shot by a man during an arrest increasing the tensions between Americans and law enforcement. Baltimore nightly curfews remain in effect and the riots have settled substantially; the demonstrations during the day are peaceful.