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US Leading Economic Indicators Tumbles Most In 30 Months
Missing expectations for the 3rd month in a row, US Lesading Economic Indicators (LEI) dropped 0.2% MoM. There has not been a bigger monthly drop since March 2013. Ironmically, initial jobless claims (which we have recently explained is now useless) was the largest positive contributor (after the yield curve steepness) but stock prices, average workweek, and building permits weighed heaviest.
Charts: Bloomberg
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Bah! It'll be fine. You'll see.
That's why the "markets" are booming today!
Makes perfect sense that stocks are surging.
Manipulated markets never make sense.
Well Draghi is handing out free stupid crack and there are plenty of takers, so repeat after me "it was completely unexpected"....
QE to infinity and beyond join with all the other x-Goldman partners and pump it up.
What this reminds me of is a boat at sea in rough water and everyone is bailing water into the boat.
Good time to buy moar stawks.
To the Fed, ECB and BOJ it's a round-robin QE thing. Infinite loop of QE.
Anything to make yearly Wall Street bonuses larger.
Sell everything...
Buy gold from that fella on TV, you know, the old guy that used to be an actor.
Hide under the bed.
Holy poo, I looked out the window and the sun is still shining.
GD do you not have spell check in your computer!!!!!!!!!!!!!!!!!!!!!!!!!!???????????????????
Lesading Ironmically
One spelling error..... easily a thumber!
Great time to be a human.....GMO, Kim K's ass, NFL, QE forever, and Hillary is running for pres. What could go wrong.
Bottom is in. Record highs on most indices by year-end? Sooner?
Don't. Fight. The. Fed. You. Will. Looze.
Just like the Cubs had their asses handed to them by Daniel Murphy.
Zing! Pow! Gone!
Bulls make money; bears make money; pigs (and idiots) get slaughtered.
The moral: don't be an idiot (or a pig).
For those who are net short, some solace: https://www.youtube.com/watch?v=aO7OLE_OK1s
Get long VRX - it's just a head fake. Balance sheets mean fuck all. yellen has their back.
....so moar qe EXPECTED from ecb in Dec; bad econ news (not growing, but not shrinking) means no rate hike.
but methinks old yellen feels like she needs to reload her bullets...and the stock mkt is 'high enough', and employmnet 'good enoug' to not do anything...maybe draghi too.
given falling profits, sales, margins....yet market lurches up...valuations getting worse and worse....which is more and more fragile/on the edge, imo. deby ceiling bs could be just the right prick from some MOAR VOL please
Moar bad news sooooo
BTFD