"This Is Unprecedented": Smart Money Throws Up All Over "Rally", Sells Stocks For Eight Straight WeeksSubmitted by Tyler Durden on 03/22/2016 09:38 -0400
"Last week, during which the S&P 500 climbed 1.4%, BofAML clients were net sellers of US stocks for the eighth consecutive week, in the amount of $1.4bn—suggesting clients still doubt the sustainability of the rally. This is the longest selling streak since Oct-Dec 2010"
The latest to join in the skepticism rally is none other than Goldman Sachs strategist Christian Mueller-Glissmann who in the latest "Global Opportunity Asset Locator" report, writes that the "relief rally across risky assets might fade over the near term", warns that "sharp declines in oil prices are likely to weigh on risky assets again", suggests to go to "reduce risk allocation", warns against holding US HY bonds as "the risk/reward is least favourable if oil prices reverse course" and "go to cash" ahead of "expected elevated volatility."
Earlier this month in “GOP Leaders, Tech Execs Plot Against Trump At Secret NeoCon Island Meeting,” we discussed the American Enterprise Institute’s annual World Forum, a secretive event held on Sea Island, Georgia. At this year’s gathering the main topic, according to Huff Post, was “how to stop Trump.” Thanks to FEC filings out Sunday we discover still more evidence that conspiracies to stop The Donald are proliferating.
It’s actually pretty easy. At an apt moment very soon, Trump should offer Governor Kasich the VP slot and Senator Cruz the vacant Supreme Court seat. Such a grand bargain would not only clear the primary field and quash any backroom hijacking of the nomination by the Washington GOP establishment; it would also permit each man to play his highest and best role at this great inflection point in the nation’s history.
Meet The "Professional Agitator" Who Was Beaten At Yesterday's Trump Rally: "I Was Protesting Trump’s Fascism"Submitted by Tyler Durden on 03/20/2016 23:32 -0400
According to a profile by the Arizona Daily Star, his name is Bryan Sanders who describes himself as an indepedent "I'm not a republican, I'm not a democrat." This is what he said: "I was protesting Trump’s facism, his racism, his lies, his women-hating," Bryan Sanders said in an interview with the Arizona Daily Star. Sanders said he was holding a sign that said "Trump is bad for America."
This is the new America system: a democratic politics of power, plunder and privilege in a perpetual social conflict of social classes, racial groups and gender identities. It is a system in which the individual seems weak, small and powerless; and needing “leaders” who will use politics to bring them to the social, economic, racial and gender “promised lands” that are laid before the constituent-voters, if only this or that political candidate is elected to set the world right for the benefit of a coalition of collective groups who want certain things and to which they are told they are entitled. This the outcome of the journey from liberal individualism to political collectivism.
Over the past month, things for hedge funds have gone from terrible to absolutely abysmal, and as of this moment the GSTHHVIP index which tracks the performance of these "most popular" among hedge fund stocks, has never been lower despite the dramatic rebound in the broader market!
From the NY Fed, to a local branch of a commercial bank in the Philippines, to a remittances company, to three casinos, and then... nothing. A cold trail. Who's at the end of the central bank heist rabbit hole? And do any of the people along the paper trail actually know who's pulling the strings?
Five of the ten sectors are projected to see lower net profit margins in Q1 2016 relative to the 3-year average for each sector, led by the Energy sector (0.1% vs. 6.5%). Excluding the Energy sector, the estimated net profit margin for the S&P 500 would be 10.0%. However, this would also mark the lowest net profit margin for the index excluding the Energy sector since Q1 2014 (9.9%). Thus, other sectors are also contributing to the expected lower than average net profit margin for the index for Q1 2016.
After the February jobs report, President Obama said “America’s pretty darn great right now.” He then went on to disparage the “doomsday rhetoric” of the Republicans, which he said was pure “fantasy. I think that there is a good chance that this will enter the Hall of Fame of miss-timed statements, right up there with this jewel from Ben Bernanke in March 2007: “At this juncture, however, the impact on the broader economy and financial markets of the problems in the sub-prime market seems likely to be contained.”
"Given the alternatives, I would vote for Mr. Trump, because he may only destroy the U.S. economy, but Hillary Clinton will destroy the whole world."
In the same way that FDR had an existential political interest in generating inflation and preventing volatility in the US labor market, so does the US Executive branch today (regardless of what party holds the office) have an existential political interest in generating inflation and preventing volatility in the US capital markets. Transforming Wall Street into a political utility was an afterthought for FDR; today the relative importance of the labor markets and capital markets have completely switched positions. Today, the quote would be "markets are too important to be left to investors."
The American public has two clear choices: Fight back, or accept serfdom.