WEDNESDAY 10/7/15; BOJ Rate Decision; Oil Rally Continues; STZ; MON; 10-Year Note Auction

China markets are closed one more day and reopen tomorrow. The weak YUM earnings may create a sour mood in Asia. Trading is underway on the SPASX200 up marginally. The BOJ rate decision will be announced after the NIKK begins trading. Nikkei Index futures point to a flat open.

The consensus by analysts and economist is that BOJ Governor Kuroda will maintain the current monetary policy, however, the NIKK has rallied from under 17.0K to 18.2K in only five days a gain of +7.1% so traders are perhaps pricing in unexpected stimulus joy. 34 of 36 analysts say the BOJ will hold steady but over 50% expect more stimulus before the year ends. The central bankers are the market.

US futures are 














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The drop in volatility feeds the market upside. The VIX spiked to 53 and drops to an 18-handle in the last six days.

Russia increases military activity in Syria. Four war ships fire cruise missiles 900 miles (1450 km) over Iran and Iraq into Syrian targets. Things are becoming very dicey in the Middle East.

TUESDAY 10/6/15; RBA Rate Decision; PEP; Oil Rallies Sending Stocks Higher; YUM

Asia is setting up for another upside day and a five-day winning streak across most indexes. US futures are a touch negative. S&P -3. Dow -9. Nasdaq -7. Euro 1.1194. Dollar/yen 120.45. Pound 1.5153. China markets remain closed until Thursday.

WTIC oil 46.33. Brent oil 49.25. Natty gas 2.46. Gold 1136. Silver 15.60. Copper 2.3565.

US Treasury yields are; 2-year 0.61%, 5-year 1.34%, 10-year 2.06%, 30-year 2.90%.

Asian trading is 

























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mess across the Middle East and northern Africa by pulling US troops out of Iraq too abruptly a few years ago which directly led to the rise of the ISIS Islamist caliphate across Syria and Iraq. The ISIS Islamist militants are conducting a Holy War against Christians and Jews.

MONDAY 10/5/15; Global PMI Services; Cascading Global Stock Rally; ISM Non-Mfg; TCS; TPP Trade Deal

At 8 AM Tokyo (7 PM EST Sunday evening in the States), Aussie stocks are trading (Daylight savings time has gone back one hour in Australia) with the ASX 200 up +0.4%. Aussie dollar 0.7052. Woolworths +2%. Oil and gas stocks run higher. Newcrest Mining +7%. Rio Tinto +2.3%. BHP Billiton +3.5%. Nikkei Index futures point to a 




















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Russian military jet violates Turkey airspace from Syria. Turkey anti-aircraft weapons were poised to shoot the Russian jet down but the jet returned to Syrian air space. The incident creates a very dicey situation in the Middle East where a mistake may occur by one of the world powers that will create a major war.

September Publication of the Daily Chronology of Global Markets and World Economics 2015-09 is Available from Amazon; Market Turmoil Continues

The September publication of the Daily Chronology of Global Markets and World Economics 2015-09 is available through Amazon (AMZN). The epic market action continues from August into September. The stock market is languishing sideways after the mini-crash. Chinese markets remain in turmoil. Russia is now involved in Syria and forms a new Persian Alliance with Iran and Syria in the Middle East. The European migrant crisis is at biblical proportions with millions fleeing the Middle East mess in search of a better life but ISIS Islamist radicals and other terrorists are infiltrating the refugee population no doubt planning heinous attacks in the future in Western nations.

Many stocks remain down between -10% and -40% off their tops. The chronology explains the exciting daily events around the market collapse and the events that led up to the big selloff in the stock market. No other publication exists that describes the market top and rollover like the daily chronology.

The Federal Reserve decides to not hike rates in September which creates market turmoil. Global central bankers continue pumping stocks higher especially the ECB and PBOC. The PBOC is trying to stop the stock market crash in China but stocks continue leaking lower. Average Chinese citizens have placed their life savings in stocks chasing the parabolic rise and are now receiving their heads on a platter; many have lost their entire life savings.

In the States, Ma and Pa listened to television pundits that said to buy the market and invest in dividend stocks this year and they have lost -10% and more of their capital over the last couple months. The chronology records the prognostications by Wall Street pundits so history can not be rewritten in the future.

The Middle East remains in chaos with the US reacting to events without any cohesive plan or foreign policy in place. 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. As mentioned above, Russia is expanding its military activity in Syria.

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 2007-2008 are repeating the same mantra this year. Many managers are finally revising their lofty SPX 2200 and 2300-plus targets lower for this year but some say the targets will happen in 2016. Long term sentiment remains strongly bullish. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not.  If a multi-year top has printed, the chronology serves as the most accurate accounting of the stock market topping process. The chronology is the most reliable and easy to understand source for explaining global markets.

As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the left margin or simply searching on Amazon. The monthly publication contains updated information not posted on the web site as well as clarifications and refinements to the daily blog text.

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the recent stock market top formed in real-time. 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 acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.

SUNDAY 10/4/15; Portugal Elections

Portugal parliamentary elections are underway a proxy vote on whether citizens maintain the current path or move more towards socialism. Prime Minister Pedro Passos Coelho orchestrated the bailout program extended to Portugal by the ECB and European lenders. Coelho prevented Portugal from 
















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 from the Portugal voting shows Coelho’s ruling party winning so the citizens are in favor of maintaining the current path of austerity.

SATURDAY 10/3/15

SPX 1951. INDU 16472. COMPQ 4708. RUT 1114. DAX 9553. CAC 4459. FTSE 6130. MIB 21395. IBEX 9604. PSI 5217. Portugal elections are tomorrow. NIKK 17725. SPASX200 5052. KOSPI 1970. SSEC 3053. HSI 21506. BSE 26221.

Euro 1.1208. Dollar/yen 119.88. Pound 1.5181. WTIC oil 45.66. Brent oil 48.13. Natural gas 2.47. Gold 1138. Silver 15.24. Copper 2.345.

US Treasury yields are; 2-year 0.58%, 5-year 1.29%, 10-year 1.99%, 30-year 2.82%. The 2-10 spread is 141 basis points. The 5-30 spread is 153 basis points. German bund 0.517%. The US-German 10-year yield spread is 147 bips. Japan 10-year yield 0.324%.

US led airstrikes create collateral damage in Afghanistan killing three doctors, 19 aid workers in all, that were 
















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........... foods retailer Whole Foods cans 1500 jobs in a reshuffling of workers across all stores. Employee wages are lowered and titles are modified. Workers have a sour taste in their mouths after working up through the ranks only to receive a slap in the face. WFM jumped +8.5% on Friday since efficiency increases with less people performing the same amount of work. WFM stock was 57 in February and fell to 30 during the last month, a -47% collapse this year.

FRIDAY 10/2/15; Monthly Jobs Report Paltry 142K Jobs; Factory Orders; US 10-Year Yield Under 2%; German Bund Under 0.50%. Fed Members Speak Including Vice Chairman Fischer; US Stocks Stage Dramatic Reversal Rally

China markets are closed on holiday. India markets are shut down to celebrate Gandhi’s birthday. Macau gaming revenue falls 




















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....FAANG stocks are mixed with Facebook and Apple lower. FB -0.8%. AAPL -3.8%. AMZN +1.6%. NFLX +3.8%. GOOGL +2.6%. Traders are tripping over each other to buy back into Netflix. ‘Google’ will begin trading under the name ‘Alphabet’ on Monday but the ticker symbols GOOGL and GOOG will not change.

After the weak jobs data, global market participants are increasingly worried that the US and world economies are much weaker than anyone realizes.