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Just 6 Charts
Presented with one comment... Di(e)Vergence?
Stocks vs Macro Data - too snowy, too droughty; closed ports, lower oil prices... any more excuses? Macro data - already drastically revised lower - continues to disappoint on a scale not seen since 2008
Stocks vs Earnings Expectations - no lift in earnings expectations despite talking heads proclaiming earnings sesason a success (which it is not even with already collapsed expectations)
Stocks vs GDP Expectations - the sell-side weathermen were once again surprised that winter was wet and cold... but think of all the pent-up demand?
The sell-side analyst's ruler of recovery at its finest... providing all the retail-investor reassurance needed...
But, as BofAML's 'The Flow Show' exhibits, professionals are exiting en masse. Stocks vs Equity Flows...
With outflows in 9 of the last 10 weeks - and $79 billion of outflows from equities year-to-date - BofAML's 'Flow Show' report warns that with stocks are record highs the risk of a correction continues to grow.
So, macro, micro, and flow data all show weakness but stocks remain at record highs on collapsing volume - Fragile much?
And remember, next week is the 7.5 Year Itch...
Charts: Bloomberg, BofA, and @Not_Jim_Cramer
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too fraudy
Fraudian slip? ;-)
Looney
I'm still waiting for Tyler to come out with the ZH companion to VIX for the fraud index (FIX).
Wednesday at 2:01pm S&P will hit new all time record highs... because FOMC.
The Fixx, Saved by Zero (%) :D
I think we (at ZH) have established some time (weeks or months) ago, that in an economy where the CBs and the Deep State control everything that affects the markets... MOST CHARTS (Austrian Fundamentals) DO NOT MATTER.
ZH needs to ID the charts that DO matter in correlating the USD with The End, ie. The Reset of the USD as the GRC.
I humbly submit (once again) that the Litmus Test (Canary test) is the YIELD of the German BUNDS and US BONDS or Treasuries. For only when money no longer flows into Bonds, will that market and its Derivatives finally crash, and cascade into the Stocks.
If Tyler or anyone else has a better Indicator, I'd love to hear it, and the rationale.
15 year BDI chart:
http://investmenttools.com/futures/bdi_baltic_dry_index.htm
Move along ; nothing to see here folks .
Heh! :-)
My damn , that's as ugly as a Mooch wookie
Nooooooooooooo!!!! Its not yet the Shemetah!! We need to get to Elul 29!! Didn't you guys read the book???
Short EVERYTHING on September 10th, "Goldman Shemitah" is checking out!!
I hear the Asian one is worse.t China's ocean transport index if nothing but splat.
Things are going wonderfully, the economy's throttle is wired all the way open and the pressure relief valve has been welded shut. Meanwhile entropy is sitting there cleaning its gun.....
Deflation-palooza !
Fraud+Bubble=Frubble. We Frubbled some folks.......
The Fed has rediscovered "Flubber" when it invented QE
https://www.youtube.com/watch?v=HJT2QOpnYb8
"Professor: I think you gave it a bit too much free will"
I distinctly remember Schiff, and several others, warning that the FedRes was going to back their grifting asses between a cliff and a minefield. And here we are.
Liberty is a demand. Tyranny is submission.
Really stuck between a guillotine and a rope.
sounds tasty
now i want bubble gum
u know I love that stuff all the Fibonacci retracement stuff. And the nature of math and charts and.... Yum yum yum. Back into math math... Been a long time... U know abstract reasoning math... Vs everyday math... got a mix of it all from micro worlds exploding outwards to all kinds of great ways to exercise my brain. I miss living in that world all the time. Along with so many... Like being able to listen to music without being tortured by the game other gods of the music industry play to stalk those who don't listen to their music out of listening to music.
My x and I used to play all the time too. Beating my drums was the only way I could deal with lover moving into our bedroom. We had played music since we were first married. Started out on shit and ended up with a nice padded room with all kinds of nice equipment. Used a mattress to cover window as it fit perfectly.
In the garage we would put one radio station on one channel and another on another channel. It was odd when u would go out there and two completely different songs were playing together and sounding great.
Anyway... I always wanted to learn more detail about the charts of the markets. U know down deep like fabinacci and stuff.
Thank you. For that and the nice information. I really do appreciate it. My gut helps but it is nice to have the facts so the talking heads won't talk me out of all I do...
Some serious levels of deep.
yup
no cure but to flush
we need moar Bullard
I recommend the video
http://www.investopedia.com/terms/f/fibonacciretracement.asp
Peak money printing....
Tell me that 2nd chart doesn't look like a hungry T-rex about ready put 20,000 lbs. bite force on something...
Can't do that!
I can tell u this.... That distant space between the top and bottom of that TREX chomp down potential sure is showing some nice kinetic ability....that right there is just energy waiting to be had my friend.
These ubiquitous "divergent" charts remind me of The wife walking in the bedroom as Im boning another woman and telling her..."baby, dont believe your lying eyes..
I'm guessing you went through a boom/bust cycle
With the FIX (fix hahahahahaha) on what is here only the US and this putting it off so that they can only make it worse fixing it......
We r putting band aids on the dam representing the world so that we can turn out backs on it like it's okay! When she blows she blows hard and not like just because one goes down others with less problems fall too. But instead there r structural issues for a very very high percentage of the world economies.
All catastrophic failures begin with one, tiny stress riser somewhere in the system.
Major rebuild ahead...and all with no cash.
And for want of a proper algo... the Kingdom fell
Dear ZH,
You keep showing this US Macro chart but have yet to give a source or explain what the macro data accounts for. Please explain. Thanks.
In 2006-2007 the winds of change were present in the US Stock Markets. Then, investors sensed something was coming, and prices moved sideways.
The collapse in housing was a one off event. Prices would recover. There was no contagion. These were the things we were told. And despite that, prices did not rise higher.
THis time, we see all the contagion. We see the weak data coming in from all directions, and this time it is indeed different.
The markets ignore it all and we head ever higher...
The inverse of the obtuse "fly leaf" pattern is clearing seen. If you squint.
I made up those terms.
Those charts are unpatriotic!
Hell, since O'Bozo is the Teleprompt-reader-in-chief, they're rayciss...
hahaha
The last halve of the last leg is software driven by FED software connected to infinite fiat. If they want the graph to go higher faster they can push the lever forward; slower pull it back. Their goal is to purchase all the corporations of the world with fiat currency.
And on an off topic related by FRAUD in a way. It is cold and rainy again today in Southern California.
They will be talking about the 'Bullard Inflection Point" in the next century. That was quite the stick save.
Don't forget this one!
http://static.safehaven.com/authors/long/37342_c.png
I hope you all have a good weekend and get your shit in order and prepare for what's coming down the tracks.
BULLISH
Bernanke has created a perpetual motion machine ! Buy the dip, buy every day and double your pay, buy buy buy buy
The Bullard moment is not real ... the rise from 1800 was based upon the easing of ebola fear ... the rest is real
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Please remember, central banks are now buying stock outright and holding it to absorb supply. With the ability to create money central banks are completely capable of owning enough stock to have a controlling interest in the world's largest corporations. Divergences are meaningful but are no indication that something is about to happen. The financial markets are now in a game of all or nothing.
James Quillian, Common Sense Economics, quillian.net
I believe that you are 100% correct.
Fundamentals, technicals, makes no difference anymore. anything more than a 5% drop will spur the Central Banksters into action. It will be just the beginning of the next leg up.
So far, all fascist systems have ended abruptly. Who knows when, but this one will end abruptly also.
The problem is, as a trader that needs an income, I need to play the game. Trying to pick the top of this madness, would most likely lead to a financial disaster.
You are right, it will collapse. One day.
More Chart Porn. Stawks only go UP - REGARDLESS. Get over it. You buy SPY Puts - You are a LUZER!
This will end when it ends. Not before. This time IS different.
And keep in mind - when the Fed raise FF rate by some paltry .125 % they will also kick in some QE 4 or some other esoteric Bullshit thet they will create out of thin air. Some horseshit like a leveraged reverse Treasury Repo tied in with inverse VIX available to Joe & Jane Retail investor or some such. Probably fron ran by a Goldman introduced EFT simultaneously
Dudley MUST keep stawks up. Go God, Country and Goldman Sax.
I'm beginning to doubt your commitrment to Sparkle Motion
outflows shmoutflows
The NYSE, Russell and Transports have all been trading sideways for the past 9 months to a year. Anybody find that interesting? Unless in the face of collapsing macro data there is a major move to the upside from here, the trend is not looking real good. The future has been hollowed out in a major way with the massive financicalization of the past 6 years. Can we bridge that canyon on more vapor? The sell in May calls grow louder across a wider spectrum. Equity flows negative on the year. If you believe in smart money, it's already been leaving the building. Stock buy-backers and tail-end momentum traders could be playing the top in typical fashion. Have the shorts been covering in defense of another possible Fed meeting insanity pump? Should be an interesting week.