With all of the bullshit in circulation it should come as no surprise that greenhouse gas emissions are exploding:
Speaking of exploding greenhouse gas, Trump is betting he won't be in office when this all explodes with extreme dislocation. He'll be sharing a cell with Bernie Madoff.
I'll take that bet:
Which gets us back to the casino, because denial is rampant there right now as well. Various CEOs have been all over CNBS reassuring their customers that it's just fine to keep spending themselves into fucking oblivion.
Would we lie to you again? and again? and again?
Remember this b.s., because it will be important in the days to come when the bailout requests roll in:
As we see above (lower left) the market was in the middle of a major selloff when he said that. But then miraculously it was rescued by the news that the Fed just blinked. So strong is this economy, that they will now stop raising rates.
At 2%:
CNBC:
Here is the Fed rate (red) with labor participation for 25-54 year-olds (blue). In an old age home, the bar just keeps getting lower, and lower and lower:
"Neutral"
"Neutral"
Once again the S&P was saved at the October Maginot Line by short-covering ahead of tomorrow's jobs report.
Back-testing the Year-to-date breakeven line and closing this morning's opening gap:
Europe was not quite as lucky, blowing through key support to a new two year low:
Bueller?
Tech has a one year head and shoulders top formed:
Bank stocks know that both Jamie Dimon and the Fed can't be "right" at the same time. Banks are following bond yields lower, since they can't make nearly as much money when the yield curve inverts.
Tomorrow, the jobs report and OPEC since they couldn't reach an agreement today:
"Saudi oil minister says he isn’t confident there’ll be a deal"
“The risk of OPEC+ not being able to agree on a deal was always very high and this will now pressurize prices significantly lower...There is no anchor for the market.”
In summary, markets are going haywire, but don't worry because these sudden moves are here to stay:
"We're seeing two of the biggest asset classes, stocks and currencies, exhibit a degree of uncertainty in their relationship in 2018 that we've never seen before," Connors said. "Crude just exhibited something very unusual in the context of the last 40 years."
"If quantitative tightening continues, guess what's going to happen?"
Global synchronized asset crash
