Fannie Mae is spiking today, because Trump's new Goldman Sachs installed Treasury Secretary, says that the company which was bailed out by the last Goldman Sachs Secretary, Hank Paulson, is ready to be released back to hedge funds at taxpayer expense...
Needless to say, Goldman Sachs is very pleased with his nomination...
Unfortunately, Generation Corruption will get buried by their own greed, because by my own humble calculation, this shit show is ending...
OPEC finally cut a deal to reduce production by 1.2 million barrels per day. This is what that looks like on a global basis...
Assuming zero cheating, production would still be above where it was when they started six months ago at Doha...
Oil is in blow-off burial mode on 4x average volume, as Cushing sees the biggest total inventory build in two years...
i.e. smart money is liquidating into dumb money volume:
The rest of the Trump corruption portfolio is also in blow-off mode: Coal, Financials, Military/Defense, Industrials, and
High Beta:
However...
Treasury bonds and yield are getting monkey hammered
The Nasdaq is not happy
Big Cap Tech
Internet
The dollar blow-off is same as last year...
Utilities are done
Consumer staples are done
Municipal bonds just gave back two years of gains
Biotech has left the party
Real estate not happy
Today's goal was to fill the last open gap above, from Monday's open:
The TRIN (buying intensity) is where it was at the last two rollovers...
