Thursday, January 5, 2017

FRIDAY 1/6/17; US Monthly Jobs Report; Fed Speak; SPX (S&P 500), INDU (Dow), COMPQ (Nasdaq Composite) and NDX (Nasdaq 100) New All-Time Record Highs; Dow Prints 19,999 Only 37 Cents from 20,000; Dow 20K Watch Continues

US futures are flat as the hours begin to countdown to the jobs report. S&P +1. Dow flat. Nasdaq -1. Asian and European trading may be quiet overnight waiting on the BLS report.








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Donald Trump says the intelligence information proves that the Russian cyber hacking did not cause Clinton’s election loss. Her non-charismatic personality, poor campaigning, decision to ignore the rust-belt states, secretly hiding a server handling secret military information, alleged corruption at the Clinton Foundation, and other nefarious activities caused her defeat. On Saturday two weeks from now, America begins its journey with President Trump.

Wednesday, January 4, 2017

THURSDAY 1/5/17; Chinese Yuan Strengthens; Turkish Lira Record Low; WBA; STZ; MON; Challenger Job-Cut Report; ADP Employment Report; Bitcoin Crashes -16%; Mexican Peso Record Low Central Bank Intervenes; Portugal 10-Year Yield Blowing Out Above 4%; Dow 20K Fades; Bloodbath in Retail Stocks; PMI Services Index; ISM Non-Mfg Index; FTSE Prints Record Highs; COMPQ (Nasdaq Composite) Prints All-Time Closing High; RT

Australia’s ASX 200 is up +0.3% out of the gate to 5756 printing highs not seen since June 2015. The NIKK and Topix are trading flat. The KOSPI is down -0.2%. Euro 1.0522. Dollar/yen 116.81. Pound 1.2338. Aussie dollar 0.7292. Dollar/yuan 6.9342. USD 102.37.








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GPS pops +12% on strong sales. Other retailers such as M, KSS, SHLD, AEO, BKS and COST report lackluster sales. Online sales are the big winner in December. Amazon is king.

Tuesday, January 3, 2017

WEDNESDAY 1/4/17; NIKK (Nikkei Index) Rallies +2.5%; PMI Services Indexes; UNF; Dow 20K Watch; FOMC Minutes; Mexican Peso Record Low; Bitcoin All-Time High; Record Auto Sales; NYA (NYSE Composite) Prints New All-Time Record Closing High; SONC

Euro 1.0415. Dollar/yen 117.63. Pound 1.2236. Canadian dollar 1.3421. The Mexican peso weakens to 21.1136 (a higher currency pair number reflects a weaker peso). President-elect Trump’s anti-trade and protectionist rhetoric yesterday creates the weakness in the peso. Dollar/yuan 6.964. Aussie dollar 0.7228. USD 103.20.







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Protestors demonstrate at the Goldman Sachs office lobby in New York City displaying a banner that says, “Government Sachs.” The protestors complain that Trump was supposed to drain the swamp but instead he is loading his cabinet with former Goldman Sachs investment bankers. Why is anyone surprised? In the crony capitalism system, the demopublicans and republocrats are simply two sides of the same coin.

Monday, January 2, 2017

TUESDAY 1/3/17; Asia Economic Data; PMI Mfg Indexes; Natural Gas Crashes -11%; FTSE Prints Record High Above 7200; Turkish Lira Record Low 3.60; WTIC Oil Rallies Above 55; Brent Oil Above 58; ISM Mfg Index; Dow 20K Watch; Oil Collapses

Japan, New Zealand and Thailand stock markets remain closed today. US stocks and bonds will resume trading. At 10 AM Sydney time (6 PM EST Monday evening), the ASX 200 gains +0.1%. ANZ Bank rallies +1.5% on news of selling off its Shanghai unit (to unlock value and shore up the balance sheet). Aussie miners are strong but the gold miners are soggy. Iron ore is down -2%. Aussie dollar 0.7198.








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REGN sinks -2.4% on news that Regeneron loses a patent battle with Amgen. AMGN +0.9%. GILD trades marginally lower after executive changes are announced.

Sunday, January 1, 2017

MONDAY 1/2/17; Global PMI Mfg Indexes; Bitcoin Tags 1000; US Markets Closed

US markets are closed and will resume 








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 systems go down for a few hours in the evening creating long wait times at airports for travelers entering the United States. The Miami and Atlanta airports are the most impacted. The US government does not provide a reason for the outage. Perhaps the security forces simply wanted to check people more closely that were entering the country via Miami or Atlanta; a computer outage is a convenient excuse to perform a more robust screening.

December Publication of the Daily Chronology of Global Markets and World Economics 2016-12 is Available from Amazon; Stocks Print All-Time Record Highs SPX 2278 INDU 19988 COMPQ 5512 RUT 1393 NDX 4992 FTSE 7143; FOMC Raises Rates 12/14/16; 2016 Market Statistics; Trump Rally; Global Populism; US Dollar Above 103; Italian Bank Trouble; Dow 20K Watch Continues; Dow Theory Confirmation

The December Publication of the Daily Chronology of Global Markets andWorld Economics 2016-12 is available through Amazon. The epic market action continues with the Trump Rally marching on from November through December.

December’s Cover Highlights;
FOMC RAISES RATES
STOCKS PRINT ALL-TIME RECORD HIGHS
SPX 2278 INDU 19988 (only 13 points away from 20K!) COMPQ 5512 RUT 1393 NDX 4992 FTSE 7143
DOW 20K WATCH
DOW THEORY CONFIRMATION
2016 MARKET STATISTICS
TRUMP RALLY
GLOBAL POPULISM
ITALIAN BANK TROUBLE

The month of December is historic. The Italian referendum shows the door to PM Renzi. Stocks fall for a few minutes then rally strongly just like after the Brexit vote and US election. The stock markets do not sell off to any great extent since traders know the central bankers will keep pumping equities higher with easy money.

The Fed raises rates in mid-December and stocks rally again. The bulls are buying stocks with reckless abandon. The Dow 20,000 watch continues with the INDU, or DJI, coming within 13 points of the coveted 20K only to fall on its sword to end the year. A Dow Theory confirmation signal was given when the trannies (TRAN; Dow Transports) printed a new all-time record high confirming the highs on the Dow Industrials. However, the transports have driven lower in the back half of December.

The Italian banking problem continues to fester and stink like garbage in the hot summer sun. Monte dei Paschi, the world’s oldest bank, is also the biggest piece of rubbish. Central bankers are figuring a way to bailout the troubled lender but the problems continue with other Italian banks as well as Portuguese and Spanish banks. Any of these banks may create global contagion a la Lehman Brothers in late 2008 that precipitated the global financial crisis. The global populism movement continues with elections on tap this spring in Netherlands and France.

The chronology explains the reaction in stocks, bonds and currencies to key events and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists in this format where the stock, bond and currency moves are provided 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, the US election, economic data releases, Fed meetings, etc...

The chronology records economic history preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 repeat the same mantra in 2015-2016. The stock market topped out in May 2015 which places anyone that listened to television pundits over the last couple years either flat or underwater on their long trades. The global central banker go juice has pumped stocks higher from February of this year creating new all-time highs and rewarding the Keynesian loyalists.

Analyst and strategist quotes and words are recorded in the chronology so credit or disdain can be handed out in the future. If a multi-year top is printing, the chronology serves as the most accurate accounting of the stock market topping process ever recorded in economic and market history. The chronology is the most reliable and easy to understand source for explaining global markets. The chronology is cheap and very easy to read and avoids using fancy ten-dollar college words.

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We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the stock market tops and bottoms occur in real-time. The monthly publications are compatible with any electronic device 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.

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SUNDAY 1/1/17; Happy New Year; China PMI Mfg Index

At 1 AM Turkey time (5 PM EST), an ISIS Muslim fanatic, dressed as Santa Claus, walks into the Reina nightclub in Istanbul and murders 39 people and wounds 










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stocks are likely overvalued by 20% to 80%. Watch your wallet in 2017.