Stocks Surging into Final Hour on Central Bank Hopes, Less Emerging Markets Debt Angst, Short-Covering, Metals & Mining/Homebuilding Sector Strength
Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Slightly Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 13.57 -6.61%
- Euro/Yen Carry Return Index 138.06 unch.
- Emerging Markets Currency Volatility(VXY) 10.03 -2.62%
- S&P 500 Implied Correlation 45.34 -4.93%
- ISE Sentiment Index 105.0 -29.53%
- Total Put/Call .88 -14.29%
Credit Investor Angst:
- North American Investment Grade CDS Index 68.87 -5.82%
- European Financial Sector CDS Index 131.29 -1.92%
- Western Europe Sovereign Debt CDS Index 89.30 -1.86%
- Emerging Market CDS Index 265.03 -9.32%
- 2-Year Swap Spread 15.25 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -8.0 +.5 basis point
Economic Gauges:
- 3-Month T-Bill Yield .01% unch.
- Yield Curve 237.0 -10 basis points
- China Import Iron Ore Spot $131.70/Metric Tonne +.46%
- Citi US Economic Surprise Index 39.20 -1.5 points
- Citi Emerging Markets Economic Surprise Index 1.10 -.8 point
- 10-Year TIPS Spread 2.21 +4 basis points
Overseas Futures:
- Nikkei Futures: Indicating +320 open in Japan
- DAX Futures: Indicating +105 open in Germany
Portfolio:
- Higher: On gains in my tech/medical/biotech/retail sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my (EEM) short
- Market Exposure: Moved to 75% Net Long
1 comment:
The 37 ETFs seen in this Finviz Screener ... http://tinyurl.com/m5zadum ... have risen strongly under US Fed relentless QE monetary policy, and are poised to fall strongly lower on the exhaustion of the US Fed’s and world central bank’s monetary authority, that is as bond vigilantes, begin calling the Interest Rate on the US Ten Year Note, ^TNX, higher, and currency traders once again, begin selling Major World Currencies, DBV, and Emerging Market Currencies; these are XIV, FDN, CARZ, PBS, IBB, RZV, PSCI, FPX, IAI, XTN, SMH, XRT, PJP, PSP, TAN, RXI, FLM, EIRL, WOOD, EUFN, RWW, FXR, BJK, PBJ, EFNL, YAO, PPA, PNQI, EZA, KROO, ARGT, EWY, GNW
Bear market ETFs poised to blast higher include those seen in this Finviz Screener; these are BIS, FXP, SQQQ, SDD, and SSG; these are presented in their ongoing combined Yahoo Finance Chart.
Jim Sinclair writes of today’s money printing operation by the US Federal Reserve in article QE to infinity. QE is in fact debt monetization but central banks do not want to call it that because the historical and traditional understanding of debt monetization is and will in time follows.
I comment that a re-monetization of the world's only debt-free money, that being gold, is underway. And that the chart of the Gold ETF, GLD, shows that today it entered an Elliott Wave 3 up with a 4.4% rise on the day; these are the most powerful of all economic waves, generating the bulk of wealth gains.
Jesus Christ has always been at the helm of the economy of God, Ephesians 1:10, operating in dispensation, that is in active oversight of human economic and political endeavors for the fulfillment of every age, epoch, era and time period.
The fiat wealth of liberalism has been surging under QEternity to reach its zenith. Peak prosperity was achieved Wednesday September 18, 2013 with Fed Chairman Ben Bernanke affirming QEternity. Peak Prosperity has come via a policy of investment choice in the moral hazard based fiat money system, which is based on schemes of credit and carry trade investing, all designed for investment gain.
The zenith of liberalism was foretold in the statue of empires, as foretold in Bible prophecy of Daniel 2:25-45, where two iron legs of hegemonic power, would rise to rule the world, these being the British Empire, and the US Dollar Hegemonic Empire, only to experience dissolution into an unstable mixture of ten toes of iron diktat and clay democracy, that is ten zones of regional governance and totalitarian collectivism, this being confirmed by the rise of the Beast Regime of Revelation 13:1-4, to replace today’s Banker Regime.
God’s idea of economy has been, is now, and will ever be one of empire. The Libertarian dream of freedom, and free things like “free prices” for labor, for example, is an illusion on both the liberalism as well as authoritarianism “desert of the real”.
Now under authoritarianism, the only form of genuine wealth will be diktat and the physical possession of gold, as the diktat money system becomes fully established enforcing austerity; where debt servitude schemes, are the order of the day and include such things as regional framework agreements, bank deposits bailins, new taxes, privatizations, capital controls, austerity measures, and statist vitalizations where banks and other corporations are given charter to operate as public private partnerships for regional economic security, regional stability and regional sustainability.
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