Wednesday, May 05, 2021
Fed Taper Smoke and Mirrors / Stock-Markets / Financial Markets 2021
By: Monica_Kingsley
Once in a while, stocks closed in red – is that a reversal or the most the bears could hope for these days? Thursday‘s hanging man got its follow through, yet the bulls staged a rebound into the close. Perhaps that‘s as good as the selling pressure gets, for I think the path of least resistance is still higher in S&P 500.
If you look at the VIX or the put/call ratio, Friday‘s setback is readily apparent, and stocks seem ripe for an upswing now. Fed‘s Kaplan did its job s with the taper talk, yet I think he played the bad cop part – the Fed will really act ostrich in the face of not so transitory inflation, for as long as the Treasuries market doesn‘t throw a tantrum.
And the 10-year yield has been quite well behaved lately, closing at 1.65% only on Friday. The April calm seems to be over, and I‘m looking for the instrument to trade at 1.80% at least at the onset of summer. Then, let‘s see how the September price increases telegraphed by Procter & Gamble influence the offtake – will the price leader be followed by its competitors? That‘s one of the key pieces of the inflation stickiness puzzle – and I think others will follow, and P&G sales and profitability won‘t suffer. The company is on par with Coca Cola when it comes to dividends really.
Once there, we would progress further in the reflation cycle when inflation is no longer benign and anchored. We‘re though still quite a way from when the Fed tries to sell rising rates as proof of strengthening economic recovery – once the bond market would get to doubt this story though, it would be game over for its recent tame behavior.
Friday‘s retreating Treasuries though didn‘t lift gold, and neither helped miners – it‘s not that inflation expectations would be sending a conflicting signal, as these slightly receded too. Inflation at the moment is probably still too low for the complacent market lulled to sleep by the transitory story, but look for that to change.
Wednesday, May 05, 2021
Global Economic Recovery 2021 and the Dark Legacies of Smoot-Hawley / Economics / Protectionism
By: Dan_Steinbock
In 2021, China’s economic momentum will drive global economic prospects. But new trade wars could derail global recovery, again.In the 1st quarter of the ongoing year, China’s GDP rose to a record 18.3% year-on-year. Despite the base effect, due to the pandemic plunge a year ago, the performance reflects strong momentum. In April, China’s economy continued to boom, with strong exports and rising business confidence supporting the recovery.
U.S. economic growth accelerated in the 1st quarter, thanks to a rush of consumer spending. The GDP expanded at a 6.4% annualized rate; the second-largest since 2003. But it missed the estimates by 0.3 percent. Moreover, it was fueled by two rounds of huge stimulus payments, ultra-low interest rates and historical debt-taking.
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Wednesday, May 05, 2021
Utility Stocks Continue To Rally – Sending A Warning Signal Yet? / Companies / US Utilities
By: Chris_Vermeulen
We have experienced an incredible rally in many sectors over the past 5+ months. My research team has been pouring over the charts trying to identify how the next few weeks and months may play out in terms of continued trending or risks of some price volatility setting up. We believe the Utilities Sector may hold the key to understanding how and when the US markets will reach some level of stronger resistance as many sector ETFs are trading in new all-time high price ranges.
Utilities Sector Resistance At $71.10 Should Not Be Ignored
The Utilities Sector has continued to rally since setting up a unique bottom in late February 2021. A recent double top setup, near $68, suggests resistance exists just above current trading levels. Any continuation of this uptrend over the next few weeks, targeting the $70 Fibonacci 100% Measured Move, would place the XLU price just below the previous pre-COVID-19 highs near $71.10 (the MAGENTA Line).
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Wednesday, May 05, 2021
ROIMAX Trading Platform Review / Currencies / cryptocurrency
By: S_N_Chatterjee
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Wednesday, May 05, 2021
Gas and Electricity Price Trends so far in 2021 for the United Kingdom / Personal_Finance / Household Bills
By: Dylan_Moran
With all of the major suppliers increasing their prices, consumers are becoming stressed in the United Kingdom. No one is certain what lies ahead and if the recent price increases will continue for the rest of 2021. With the average increases rising around £96 a year, people are feeling the sting to their wallets. Many are looking to experts to impart wisdom on what can be expected as the year goes on.Read full article... Read full article...
Tuesday, May 04, 2021
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... / Currencies / Crypto Mining
By: Nadeem_Walayat
Here is another reminder if you have not already done so to consider crypto mining in the background on your desktop PC with Nice Hash Quick Miner (payout's in Bitcoin), it's safe to do so, I do it with my desktops yielding £150 per month per pc after electricity costs, the requirement being an Nvidia GPU with at least 6gb of vram. Whilst AMD GPU's can use the regular Nice Hash miner that uses third party algorithms.
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Tuesday, May 04, 2021
Stock Market SPX Short-term Correction / Stock-Markets / Stock Market 2021
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: There is some evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before major cycles take over and it comes to an end.
SPX Intermediate trend: SPX has completed the next phase of its intermediate uptrend and should correct.
Analysis of the short-term trend is done daily with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which determine longer market trends.
Tuesday, May 04, 2021
Gold & Silver Wait Their Turn to Ride the Inflationary Wave / Commodities / Gold and Silver 2021
By: MoneyMetals
As President Joe Biden pushed massive new spending initiatives in his address before Congress, investors shrugged off rising inflation risk. They pushed the S&P 500 up to a new record close on Thursday.
Gold, meanwhile, continues to be capped under the $1,800 level – at least for the time being. Silver shows a slight weekly gain and trades a little over $26 per ounce.
As trading closes out for the month of April, precious metals bulls will be hoping for a more fruitful May. Although May is typically a quiet month in markets – not known for producing major crashes or price spikes – it can represent a seasonal turning point.
The old adage, “sell in May and go away” is premised on the stock market entering a seasonally weak period that typically lasts through October.
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Tuesday, May 04, 2021
Gold Can’t Wait to Fall – Even Without USDX’s Help / Commodities / Gold and Silver 2021
By: P_Radomski_CFA
Gold started its decline without anyone’s assistance. And when the USDX takes off, that downhill tumble can only increase.
The USDX declines and the precious metals sit by idly, twiddling their thumbs. If they had the strength that’s being talked about, they should be soaring by now, or getting ready to. So, what’s their problem?
In the previous days, I discussed the signals coming from the precious metals market or for the precious metals market, as they kept on emerging, and we just received yet another round of indications. And yes, they also confirm the bearish outlook for the following weeks - or a few months.
Tuesday, May 04, 2021
Stock Market Investor Psychology: Here are 2 Rare Traits Now on Display / Stock-Markets / Stock Market 2021
By: EWI
Stock market newcomers revel in their ignorance
In the past year, the stock market has been flooded by inexperienced investors.
Here's a May 12, 2020 CNBC headline:
Young investors pile into stocks, seeing 'generational-buying moment' instead of risk
The message of that headline matches up with the sentiment among many investors that the stock market is at the start of a boom -- not near an end.
Yes, financial history shows that the same psychology has been on display before, i.e., the heralding of "The New Economy" in 2000 -- just as stocks were topping. And, if you want to go all the way back to the 1929 top, the proclamation of "A New Era."
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Tuesday, May 04, 2021
Sheffield Peoples Referendum May 6th Local Elections 2021 - Vote for Committee Decision's or Dictatorship / ElectionOracle / Sheffield
By: N_Walayat
The Sheffield's Peoples referendum is on May the 6th when Sheffielders get to decide who runs our city. Break the cycle of a defacto dictatorship, the strong leader model of governance. Where the leader of the council and their 9 hand picked besties form a cabinet and now this small group gets to decide what happens in our city.
Such as the maniac policy right in the midst of a climate emergency decides to fell tens of thousands of Sheffield's street trees that literally prompted the people of Sheffield to stand up and protest under threat of imprisonment against the strong leader dictatorship.
So what does the peoples referendum want to see happen?
Watch the video and find out.
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Tuesday, May 04, 2021
AlphaLive Brings Out Latest Trading App for Android / Personal_Finance / Trading Systems
By: S_N_Chatterjee
Leading cryptocurrency trading brokerage house AlphaLive has introduced its new trading app designs for all Android users. The latest version of the app featuring the most cutting-edge technology is available for free to traders worldwide, downloadable through Google Play.AlphaLive’s spokesperson shared that the broker has been fine-tuning the mobile trading app for some time now as part of its effort to make crypto trading readily available for traders on all devices. Although fairly new, the trading app has been receiving rave reviews from clients, mainly for its user-friendly interface, which is ideal for beginners and seasoned traders alike.
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Monday, May 03, 2021
India Covid-19 Apocalypse Heralds Catastrophe for Pakistan & Bangladesh, Covid in Italy August 2019! / Politics / Coronavirus 2021
By: Nadeem_Walayat
India's covid-19 double mutant B.1.617 apocalypse continues with the actual numbers of deaths and infections many times the official numbers of 400,000 infected and 3,500 deaths per day as we witness the collapse of India's healthcare system. that could see the number of total number of deaths exceed 2 million before the end of May. Meanwhile indian politicians live in an alternative universe, making announcements that all indians over the age of 18 now being eligible for the vaccines, despite the fact that most of the vaccination centres have closed due to lack of vaccines which means only 10% of Indians have had 1 dose and 1.5% 2 doses. If those in charge of India had any sense of intelligence then they would be focused on vaccinating the most vulnerable i.e. the over 45's and not opening up vaccinations to all adults! Instead of which Indian's government is primarily focused on peddling misinformation in trying to hide the magnitude of the catastrophe underway which includes instructing twitter to delete tweets critical of their mismanagement of the pandemic.
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Monday, May 03, 2021
Why Ryzen PBO Overclock is Better than ALL Core Under Volting - 5950x, 5900x, 5800x, 5600x Despite Benchmarks / Personal_Finance / Computing
By: HGR
Ones overclocking game likely starts with Ryzen Master PBO, soon progresses to auto overclocking and then a deep dive into All core overclock's with under volting where the aim of the game is to maximise the cinebench scores. However, maximising cinebench is NOT the same as maximising real world performance. In this video I demonstrate why PBO is probably the best setting to optimise system performance as per utilising settings that those who designed the processor suggest. Whilst everything else may boost ones cinebench scores but actual real world performance will likely be noticeably worse!
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Monday, May 03, 2021
MMT: Medieval Monetary Theory / Economics / Economic Theory
By: The_Gold_Report
Peter Krauth of Gold Resource Investor provides his take on MMT and explains why he believes its effects will drive precious metals and commodities much higher.
Modern Monetary Theory or MMT, as it's better known, is a recurring theme that's not likely to go away. However, there's nothing modern about it, it's not about money (it's about currency), and it's no longer a theory.
We've certainly not heard much about it in mainstream economics or investment publications. But I do think it's gaining traction.
In my view, MMT is a very big deal because of its massive implications to our economic future. And so, I think it's worthwhile having at least a basic understanding of the concept.
In fact, if you're reading this, odds are good you've at least heard of MMT and you may have some idea of what it's about. If that's the case, you probably understand better than most the importance of investing in hard assets that can't be inflated at the whim of central planners.
And right now, the two most undervalued hard assets remain gold and silver.
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Monday, May 03, 2021
Magical Flowering Budgies Bird of Paradise Indoor Grape Vine Flying Fun in VR 3D 180 UK / Personal_Finance / Animals & Pets
By: Eliza_Walayat
What happens when you get Budgies, Flowering Bird of Paradise plants and an indoor grape vine. Find out in our latest UK budgie care video which is even more unique given that it is shot in VR 3D 180! So don those Oculus Quest 2 headsets if not a browser such as Chrome and Fire Fox will give you a taste of what you could be experiencing in the virtual world Budgies in VR 3D 180 flying around a Bird of Pardise plant, flying between and settling on an Indoor Grape vine!
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Sunday, May 02, 2021
Last Chance to GET FREE Money Crypto Mining with Your Desktop PC / Personal_Finance / Crypto Mining
By: Nadeem_Walayat
The crypto mania is continuing to offer a short window of opportunity for likely only a few more months as Bitcoin continues to trade well above $50,000 which means virtually anyone with a decent GPU in their desktop PC can make easy money crypto mining in the background, and here's how my desktop PC is actually earning a net $6.50 per day crypto mining in the background, which within 3 weeks earned $136 net of UK electricity costs that resolves to $200 per month, more than enough to cover 5 years of Patreon fees at $3 per month ($180)!
Check out my video if you want FREE money, and yes my eyes rolled when I wrote that, sounds too good to be true. Though I do cover the risks in the video such as that the Bitcoin price WILL CRASH, and mining profits are GPU dependant. Nevertheless crypto mining in the background with Nicehash is generating $6.5 profit per day for me, so do look into crypto mining with your desktop PC whilst it lasts (referral link).
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Sunday, May 02, 2021
Will Powell Lull Gold Bulls to Sweet Sleep? / Commodities / Gold and Silver 2021
By: Arkadiusz_Sieron
The Fed left its monetary policy unchanged. However, the lack of any action amid economic recovery is dovish – good news for gold.On Wednesday (Apr. 28), the FOMC has published its newest statement on monetary policy . The statement wasn’t significantly altered. The main change is that the Fed has noticed the progress on vaccinations and strong policy support, and that, in consequence, the economic outlook has improved.
Previously, the US central bank said that indicators of economic activity and employment “have turned up recently, although the sectors most adversely affected by the pandemic remain weak”, while now these indicators “have strengthened”, while “the sectors most adversely affected by the pandemic remain weak but have shown improvement”. So, the Fed acknowledged the fact that the economy has significantly recovered .
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Sunday, May 02, 2021
Stock Market Enough Consolidation Already! / Stock-Markets / Stock Market 2021
By: Monica_Kingsley
Stocks are readying another push higher, and not just on the heels of the still accomodative Fed. The Fed won‘t simply remove the punch bowl, let alone discuss removing it, and will keep repeating the transitory inflation mantra ad nauseam. The ingredients are in place for a continued upswing in stocks and commodities.
Look for nominal yields to continue rising, and my hunch is that won‘t be enough to turn the dollar around. We‘re about to experience continuously rising inflation expectations, rising nominal yields, and declining dollar:
(…) When even Larry Summers starts talking the dangers of an inflationary wave, things are really likely getting serious down the road.
(…) we‘re in the decade of precious metals and commodities super bull runs – and these are well underway. The debasement of fiat currencies against real assets is set to continue, and will accelerate given the unprecedented fiscal and monetary support already and ahead – sorry dollar bulls, the greenback declines are resuming – just look at the yen and yields nodding to the metals upswing.
Sunday, May 02, 2021
Inflation or Deflation? (Not a silly question…) / Economics / Deflation
By: EWI
Dear reader,
The question in the subject line of this email is not an idle one.
It has everything to do with how you should position your portfolio for in the months -- and maybe even years -- ahead.
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