Wednesday, January 4, 2017

FOMOC: Fear of Missing Out On Collapse...

The Santa rally officially ended today and it was a dud. The third failed Santa rally in a row (2014, 2015, 2016), and only the sixth failed rally in 20 years...



China is imploding in broad daylight
The OPEC deal is already unraveling
And the Fed is raising rates at the end of the cycle based upon fake unemployment data

What could go wrong?

Dow



Dollar



New highs



Short-term treasury yields (red) with EM currency:



Oil with Energy stocks



Global bonds




China




Banks with deflation




JP Morgan