Friday, March 24, 2017

Obamacare Saved By RepubliCon Incompetence

In summary, the Fed is full of bullshit, tightening into deflation
OPEC is full of bullshit and hasn't controlled the glut
And Trump is full of bullshit and can't deliver fiscal stimulus

We're surrounded by liars and con artists. How do we think this will all end?

With all of the "excitement" around the healthcare bill, zombies forgot to notice the Trump trade unwinding in size. Next week markets will absorb the concept that Trump failed his first time out, and now there are no Obamacare budget benefits to fund their tax cut:

In other words, the Monetary to Fiscal fantasy "hand-off" just suffered a major setback...


Asset allocation to banks

Hot money has to go home now...


Someone needs to buy a new calendar, there's an historically large Oil Glut right NOW:

Oil with Storage

Stock / bond rebalancing

Retail stocks


VIX with 2x ETF Volume (UVXY):

Goldman Sachs

Nasdaq % of stocks above 50 dma:

Money (Out)flow

I think we all see where I'm going with this...