HISTORIC COLLAPSE IN MARKET BREADTH We are witnessing a startling breakdown in market breadth. It is worse than both prior to the 1987 and 2000 market draw downs. Similar to the Dotcom Bubble when it finally burst in 2000, it is being held up by a hand full of stocks which were referred to in 2000 as […]
CENTRAL BANKS AGAIN OVERPOWER THE MARKET – REACT TO FRANCE / GEO-POLITICAL TENSIONS IGNORE WHAT THE MEDIA IS TELLING YOU ABOUT THE 500 pt DOW RALLY BEING ABOUT FRENCH ELECTION RELIEF! IT IS ABOUT THE RELEASE OF DATA ON INCREASED CENTRAL BANK BALANCE SHEET INCREASES!
MONEY FLOW ACCELERATING: CENTRAL BANKS INCREASE BUYING TO $1T/QUARTER IN Q1 2017 KEY POINTS: Latest overnight note from Michael Hartnett of Bank of America, notes that central banks (ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, “the largest CB […]
EURODOLLAR SHORTAGE IS CRIPPLING GLOBAL CREDIT GROWTH When the Shanghai Accord was launched the US Dollar needed to be taken down from a level approaching 117 based on the BIS’s REER. The “trend line” suggested this was a global limit to the Us Dollar’s strength which has previously forced or triggered major adjustments in […]
