The Path Of Humiliation Has Been Chosen

It's a well-established rule of history that every empire always continues one clown too long...

But first, Trump's errand-boy Peter Navarro told Faux News over the weekend that there's a special place in hell for Trudeau. Trudeau politely declined the job offer....

Meanwhile, should this man control 6,000 nuclear weapons? The short answer and long answer are both no. This guy isn't an embarassment to the U.S. he's an embarassment to humanity. But I'm sure his post-literate base can't find anything wrong with this message. Someone take the crack pipe away from this guy...

This week is the decade's culmination in epic hubris:

Today the casino is shrugging off the aftermath of the G7 circus, which sets up the rest of the most important week of the year. This week culminates the biggest short squeeze since October 2008. Except far bigger...

1) Separated-at-birth despot reunion, Singapore, Tuesday

2) FOMC (Wed.), ECB (Thurs.), BOJ (Fri.)

3) UK Brexit vote (Wed.)

Not mentioned in the above article is another important yet widely ignored event:

"The hot-and-cold relationship between the world's two largest economies could potentially take a turn for the worse on June 12...

The U.S. embassy in Taipei, is set to launch its new office that day"

All of this short-covering fodder is merely opportunity for Wall Street's biggest IPO pump and dump in four years:

IPOScoop: June Is Running Well Above Average

"The median average for June between 2001-2017 was 15 IPOs. With mid-June 2018 in sight, that’s where we are now. And the June 2018 IPO calendar has three more weeks to go"

With respect to decade-high short squeeze, we can see this via the most hated sector, apparel retailers. We also see (blue line) that the S&P's breakout of the triangle has been all short squeeze aka. fakeout:

Don't expect the end of the week to be like the beginning...