- Large-Cap Value -.02%
- 1) Gold & Silver -1.06% 2) Utilities -.82% 3) Agriculture -.64%
- SSW, DWRE, ICLD, SJM, SPSC, SGMS, CHKR, CPB, DDD, LOW, HOLI, NHI, EBAY, PRLB, SFM, CHRW, BA, GTLS, SSYS, FF, FGP, HIBB, HPY, CHUY, SQM and AMRI
- 1) ADT 2) DE 3) ADSK 4) MNST 5) DKS
- 1) CSCO 2) TSLA 3) SJM 4) LOW 5) CHRW
1 comment:
On Wednesday November 20, 2013, Liberalism as an age and as an economic paradigm perished as the US Dollar, $USD, UUP, traded higher, as the Euro Yen Currency Carry Trade, EUR/JPY, traded sharply lower in overnight trading, as currency traders took the Japanese Yen, FXY, higher and the Euro, FXE, lower, as they believed the EURJPY overvalued in light of the exhaustion of the world central banks’ monetary authority, as the Interest Rate on the US Ten Year Note, ^TNX, has soared from 2.48% on October 23, 2013, to trade higher to 2.79% this week, that is immediately after Janet Yellen confirmation hearings. Likewise the AUD/JPY broke sharply lower, as the currency traders took the Australian Dollar, FXA, lower. Debt deflation at the hands of the bond vigilantes commenced global competitive currency devaluation.
World Stocks, VT, traded lower, documenting the failure of fiat wealth. Sectors trading lower included Resorts and Casinos, BJK, Social Media, SOCL, and Automobiles, CARZ.
Nation Investment, EFA, traded lower, documenting the failure of sovereignty of democratic nation state governance. Greece, GREK, Spain, EWP, Italy, EWI, Ireland, EIRL, Germany, EWG, EWGS, Netherlands, EWN, Finland, EFNL, Eurozone Stocks, EZU, and the European Financials, EUFN, such as IRE, SAN, CS, and DB, traded lower. Switzerland, EWL, Norway, NORW, and Sweden, EWD, traded lower.
Australia, EWA, KROO, Australia’s Bank, WBK, New Zealand, ENZL, led Asia Excluding Japan, EPP, and the Far East Financials, FEFN, such as Japan’s, MFG, and SMFG, lower. The Philippines, EPHE, Indonesia, IDX, Thailand, THD, South Korea, EWY, Vietnam, VNM, traded lower.
The BRICS, EEB, traded lower as Brazil, EWZ, EWZS, Brazil Financials, BRAF, India, INP, SCIN, and India Earnings, EPI, Russia, RSX, ERUS, and China, YAO, ECNS, and Chinese Financials, CHIX, traded lower. And The Emerging Markets, EEM, traded lower, as Mexico, EWW, Peru, EPU, and Chile, ECH, traded lower.
Global Financials, IXG, traded lower, documenting the failure of the seigniorage of the banker regime. but US Stockbrokers, IAI, and Biotechnology, IBB, traded higher on the slightly higher US Dollar, $USD, which forced Gold, GLD, and the Gold Miners, GDX, GDXJ, seen in this Finviz Screener lower. Solar Energy, TAN, bounced higher from yesterday’s strong trade lower as Solar Plaza China's Trina Solar Posts First Profit In Nine Quarters and as Zachs reports JinkoSolar Earnings Beat Estimates.
US Stocks, VTI, such as the S&P 500, SPY, and the US Small Caps, IWM, The Too Big To Fail Banks, RWW, Regional Banks, KRE, and Investment Bankers, KCE, traded unchanged. The Nikkei, NKY, traded unchanged.
Aggregate Credit, AGG, traded lower as the bond vigilantes steepened the US 10 30 Treasury Yield Curve, $TXN:$TYX, STPP, and called the Interest Rate on the US Ten Year Note, ^TNX, sharply higher to 2.79%, with the result that yield bearing sectors Utilities, XLU, such as AES, Shipping Stocks, Global Utilities, DBU, Global Real Estate, DRW, and Global Telecom, IST, traded lower.
A rising Interest Rate on the US Ten Year Note, ^TNX, has destroyed Emerging Market Bonds, EMB, Emerging Market Currencies, CEW, Emerging Market Investment, EEM, such as the Philippines, EPHE, and Brazil, EWZ, EWZS, and Emerging Market Infrastructure Investment, EMIF, such as BRXX.
The rise in the Interest Rate on the US Ten Year Note, ^TNX, to 2.48% on October 23, 2013 has burst the mortgage lending bubble, as Reuters reports US Mortgage Applications Fall In Latest Week and
MarketWatch reports Existing Home Sales Fall 3.2% In October.
Fiat money, that is Credit, AGG, and Major World Currencies, DBV, and Emerging Market Currencies, CEW, died October 23, 2013, on the rise of the Interest Rate on the US Ten Year Note, ^TNX, to 2.48%; and the bond vigilantes in calling that rate higher to 2.79% on November 20, 2013, terminated fiat wealth, VT, as well as democracy nation state sovereignty, EFA, and the banker regime’s seigniorage, IXG, on November 20, 2013.
Post a Comment