Tuesday, September 26, 2017

An Inconvenient Crash

The draft-dodger-in-chief is too busy teaching the NFL about fake patriotism to get his real job done. No one is going to be laughing when this is all over...




We need better leadership," Duff said. "The lack of leadership seems like a vacuum when it comes to getting any substance passed."

"Don't worry, I'm on it"



Unfortunately, now stoned gamblers are caught between the Scylla and Charybdis of clown man and the clueless Fed. Having taken the monetary punch bowl away last week, a few days later they now admit that they're totally clueless. Who knew?

No 'Conomy. No problem. We can just print more money.




Nevertheless, on the long end of the yield curve self-imploding balance sheet shrinkage is going ahead as planned:




Moreover, Tech already lost its momentum to the fake reflation trade...



"Since March 2009, the S&P 500 fell 17 times out of 18 instances when the Technology Select Sector SPDR Fund fell 5 percent or more in one month, according to Kensho."



The Idiocracy's "Amazon is taking over the world" collapse denial narrative is imploding in real-time:




The other end of the deflationary dumbbell - recession stocks - are also imploding...






The Emerging Markets trade is rolling over:



Which places the casino at the mercy of end-of-cycle short-covering. Which the Fed just imploded...