With the help of automated eyes and ears, a growing arsenal of high-tech software, hardware and techniques, government propaganda urging Americans to turn into spies and snitches, as well as social media and behavior sensing software, government agents are spinning a sticky spider-web of threat assessments, behavioral sensing warnings, flagged “words,” and “suspicious” activity reports aimed at snaring potential enemies of the state. It’s the American police state’s take on the dystopian terrors foreshadowed by George Orwell, Aldous Huxley and Phillip K. Dick all rolled up into one oppressive pre-crime and pre-thought crime package.
This afternoon Jeffrey Gundlach held one of his periodic interviews with Reuters' Jenna Ablan in which he said that the selloff in Treasurys is over and that investors looking to purchase Treasuries in the wake of the bond market's sell-off - if one can call a move in the 10Y to 1.91% a selloff - are making a prudent move. "I think it is a reasonable strategy to start legging into the Treasury market."
For all the pledges of eternal love, it’s an open secret in the Beltway that the House of Saud is the object of bipartisan contempt; and their purchased support, when push comes to shove, may reveal itself to be worthless. Now picture a geopolitical no exit with a self-cornered House of Saud having both superpowers, the US and Russia, as their enemies.
It was not until Friday, April 22, over a week after the Deutsche Bank gold rigging settlement news broke, that the CFTC's press office admitted what many had speculated, when he said he was unaware of the Deutsche Bank story and could find no reference to it in the commission's compendium of news reports of interest to the commission's work. And this, ladies and gentlemen, is the "US commodity" regulator hard at work.
The gold market will soon be very different than from what we see today - largely due to the current developments in China. China’s influence will impact not just gold investors but everyone who has a vested interest in the global economy, stock markets, and the US dollar. After all, China will be a dominant force in all, as most analysts project. Here are the five trends in China that will change the gold market forever...
Open your eyes!!
There really are “two Americas” in 2016, and they are getting farther and farther apart with each passing year. On the one hand, you have lots of people smiling in New York City these days because of the stock market boom, and property values have soared to ridiculous levels in San Francisco because of the tech bubble. But in between the two coasts there are vast stretches of forgotten people that the U.S. economy has left behind.
For the past few months, we have been shown the massive crowds of millennials flooding Bernie Sanders rallies, and the dyed in the wool democrats who have been flocking to Hillary's. The narrative has been that the Democrats have really generated some enthusiasm this year that hasn't been seen in the past. As is often the case, however, propaganda is much different than reality.
Following the biggest Apple debacle in years, here is the reason why the hedge fund community is about to see even more redemption requests and underperform the market even more: according to the latest GS hedge fund tracker, at least 163 hedge fund are long the name which has just lost over $40 billion in market cap in the after hours. The good news: it used to be over 200 as recently as a year ago.
Moments ago AAPL reported Q2 EPS of $1.90, missing expectations of $2.00 on revenue of $50.56BN which not only plunged by 13% from ayear ago, but also significantly missed expectations of $52 Billion. Perhaps the biggest driver for this was both the sequential and annual plunge in Chinese sales, which dropped to $12.5 billion from $16.8 billion a year ago. Worse, the company's guidance for Q3 revenues was absolutely abysmal, and now sees only $41-$43BN in Q3 sales, well below not only the median estimate of $47.35bn but below the lowest sellside estimate of $43.95bn.
"The physical market dog is starting to wag the paper market tail. Anyone trading paper-centric historical patters is driving forward while looking in the rear view mirror."
With AAPL trading with a $95 handle after-hours (down over $40 billion in market cap), the blowback of the demise of this "no brainer" is echoing through the once impregnable walls of Nasdaq futures which are now down over 60 points from the cash close...back to one-month lows.
As most Americans have resigned themselves to the fact that merit increases are a thing of the past, and yearly reviews will only yield a pat on the back and new goals for the upcoming year, life is still good in the corner suite. CEOs are still getting raises, but don't be alarmed, you'll feel that trickle down effect any minute now.