IS AMAZON/WHOLE FOODS THIS CYCLE'S AOL/TIME WARNER?  -- SOURCE: 06-20-17  John Rubino via DollarCollapse.com, -- "Is Amazon/Whole Foods This Cycle's AOL/Time Warner - A Sign That The Party's Over?" -- Towards the end of the 1990s tech stock bubble, “new media” – i.e., the Internet — was ascendant and old media like magazines, newspapers and broadcast […]

DERIVATIVES MARKET SIGNALS LOOMING END TO THIS GLOBAL BUSINESS CYCLE  -- SOURCE: 06-18-17 ZeroHedge --"Derivative Markets Signal Looming End Of The Business Cycle" -- While the last five weeks have seen $1.3 trillion of rate-hike bets have already been unwound - the most ever; the derivative market is signaling there is more pain to come […]

GLOBAL POLICY UNCERTAINTY AT ALL TIME HIGH & ABOVE US EQUITY UNCERTAINTY DURING THE FINANCIAL CRISIS Political, monetary, geopolitical, fiscal, and economic uncertainty remain entirely un-priced-in by this market... And while Yellen and Dudley remain convinced they can unwind the Fed balance sheet with no ill effects, we suspect this 'forecast' will be just as […]

THE LAST 2 TIMES THE YIELD CURVE WAS THIS FLAT - THE US ECONOMY ENTERED A RECESSION  -- SOURCE: 06-20-17 ZeroHedge -- "The Last 2 Times The Yield Curve Was This Flat, The US Economy Entered Recession" -- The difference in yield between Treasuries due in five years and those maturing in three decades tumbled […]

THE GLOBAL COMMODITY CYCLE - WHERE WE ARE NOW -- SOURCE  06-20-17 ZeroHedge -- "The Global Commodity Cycle: Where Are We Now" -- Macquarie's economists are turning more pessimistic. In their latest Global Macro Outlook note, the Australian bank warns that the global economy's recent "coordinated" growth has peaked, which will have implications for all […]

Weekly: the chart to the right shows what we had given last update, the red numbers 1-3 have been added and highlight the targets the market moved through. You can see these in the current weekly chart below, with the market sitting at target  3. Since last update the market lifted in to HPTZ1; pulled […]

SII RETAIL-AUTO: BoAML DRAMATICALLY CUTS OUTLOOK LITHIA CRATERS -8.7%, SONIC -7.9%, GROUP1-4.2% IN ONE DAY  -- SOURCE: 06-16-17- IBD - "This 'Tsunami' Is Set To Hit Auto Sales, Slamming Sector" -- A grim warning from Bank of America Merrill Lynch Friday of a "swift and material downturn" in U.S. auto sales slammed stocks of General Motors (GM), Ford (F), Fiat […]

POWERBALL, MEGA MILLIONS TO HALT ILLINOIS LOTTERY DUE TO STATE'S INABILITY TO PAY WINNERS SOURCE: 06-15-17 MishTalk.com -  "Powerball, Mega Millions to Halt Illinois Lottery Due to State’s Inability to Pay Winners" Both Powerball and Mega Millions Lotteries Will Pull Out of Illinois on June 30 due to the budget impasse. Neither lottery would comment […]

PROOF THE STATE OF ILLINOIS BANKRUPT & THEY JUST HAVEN'T ANNOUNCED IT YET! Listen to Mish & My Video (06-16-17 - Macro Analytics) as we cover this SOURCE: 06-14-17 MishTalk.com -  "Unable to Pay Bills, Illinois Sends “Dear Contractor” Letter Telling Firms to Halt Road Work on July 1" Unable to Pay Bills, Illinois Sends […]

DRIVERS: CURRENCIES - US DOLLAR HAS BEEN STEADILY FALLING SINCE PRECISELY YEAR BEGINNING A steady stream of negative US Macro surprises have impacted the US Dollar. This along with an eroding yield curve.

SII: FANGS - BEING "DE-FANGED" FOR A "QUADRUPLE WITCH" CONSOLIDATION As we moved towards the June 16th Quadruple Options Witch we have carefully followed our SII: FANGS. Between the Friday June 9th "Mini Flash Crash" and the subsequent 61.8% retracement through Wednesday June 14th we could see the possibilities of a clear ABC consolidation pattern […]

THE COMING GLOBAL JOBS CRISIS IN AN ERA OF UNRELENTING ROBOTIC ADVANCEMENTS UNDERSTANDING ROBOTIC ADVANCEMENTS Advancements in Robotic technology have reached critical mass resulting in increasing numbers of university programs focused on Robotics. This along with industry adoption rates as a result of labor cost pressures and availability of ubiquitous communications enabling technology like "cloud computing", "bluetooth" and […]

Weekly: The last time we updated the TNX we were watching for a potential move lower to fill a gap (yellow highlight).  This occurred, and the market now sits at several significant technicals. The pattern for the lift since June 2016 could be seen as a potential expanding wedge, with the market currently sitting at […]

ONLY THE CENTRAL BANKS ARE NOW LEFT TO BUY Negative free cash balances are screaming about the risk from investors having piled on the highest levels of leverage in market history. Additionally, a look at the stock-to-cash ratios suggests there is very little available current buying power available from investors. Each month, the Investment Company Institute […]

SII FANGS: THERE IS LITTLE DOUBT IT IS SOLELY ABOUT GLOBAL LIQUIDITY FLOWS The "big 5" tech stocks, have an uncanny correlation with the size of the consolidated central bank balance sheet.