Thursday, June 9, 2016

Record Global Poverty As Buying Opportunity aka. Guzzling Kool-Aid

"Because 0% is not an option"
The reason to buy stocks is because TINA: "there's is no alternative"...collapsing profits, collapsing global growth, collapsing employment. Load up. In other words, today's entitlement class believes that record global poverty is a buying opportunity. Because what else could it be?



ZH: Shedlock/ISI Evercore
U.S Withholdings:



What a tool believes


"The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market despite a sharp slowdown in hiring last month."

Jobless claims are always the LOWEST at the end of the cycle:
Payrolls (red). Jobless claims (blue)




Supernova visualized aka. "Deflation"
This is the asinine chart of the day, the US 10 year yield as a ratio of the German 10 year:




"Fuck everyone else, I'm good thanks"




Got stop loss?

3x leveraged oil




JPY Carry Trade aka. "overnight risk"



Short-covering 
Small caps



Momentum circle jerk aka. Dumb beta
Daily



Weekly



China
Yen / Yuan




Gap 'n trap




Realized volatility is already rising