Some things are just predictable.
Take the overnight economic developments:
- Japan was down 0.27%.
- The Hang Seng was down 0.72%
- Germany and France with down a bit.
- But the UK rallies.
Amidst this, U.S. futures were flat and, as we explained in a special report for our Peoplenomics.com subscribers Monday, there was some art involved in getting out of a long position near the top of Monday’s trading range.
What could calm markets and get people to piling dough back into the markets?
Hmmm….cue the SecState!
Apparently, I’m a dim-witted sloth because I don’t see how lobbing about 60 cruise missiles it, oh, you know, an act of international friendship?
Meantime Tillerson has poured cold water on reports out of Chosun news agency in South Korea about a Chinese build-up:
“Tillerson: China Agrees Action Against North Korea Must Be Taken” and the story continues claiming “Rumors of Chinese Military Buildup at North Korea Border False.”
Meantime, the NK’s are still taunting with stories like “North Korea state media warns of nuclear strike if provoked as US warships approach.”
Will that be enough to convince investors to roll back into markets?
Part will depend on data over the next few days.
Electronics giant Toshiba has filed unaudited papers casting doubt on its future.
So, is U.S. Business Still Strong?
This morning we have our first little slice: The National Federation of Independent Business Optimism index. That index, out today, said in part that the recent confidence surge has continued:
“The Index slipped 0.6 points in March to 104.7, still a very strong reading. Actual earnings, capital expenditure plans, and job-creation plans posted gains in March. Sales expectations, which have been flying high for months, dropped by 8 points, a sign that the Optimism Index could be moderating after a strong run.”
If this keeps up, I may have to get back on the long side of the market. But when I look at the data over here, I notice that only 46% believe the economy will improve, so caution is still warranted.
WTF is going on there? “3 of Alabama’s most powerful Republicans forced from office in 9 months.”
Not much better in the District of Confusion where a government shutdown is just a couple of weeks off (29th).
“Congress Sinks Into Partisan Morass as Shutdown Threat Looms” is very much on point.
Tax cuts are stuck in slow-motion, too.
And our confidence in Paul Ryan taking a quickie “leadership” course are about bupkis.
Breakfast of Bio Worries
The ProMed daily alert system for health professional tells of anthrax cattle deaths in France which should pop in the MSM one of these days:
Report type: immediate notification
Date of start of the event: 1 Apr 2017
Date of confirmation of the event: 6 Apr 2017
Report date: 7 Apr 2017
Reason for notification: recurrence of a listed disease
Date of previous occurrence: 1 Nov 2016
Manifestation of disease: clinical disease
Causal agent: _Bacillus anthracis_
Nature of diagnosis: clinical, laboratory (advanced), Necropsy
This event pertains to a defined zone within the country.”
How long for the MSM to grok?
Yikes! Hardly any sleep last night due to the thunderstorms rolling through East Texas on up toward the ArkLaTex and points Northeast.
More electrical than windy by the look of it. Despite the terrible night, we only had 1.6 inches in the gauge as of 7:30 AM local from 7 PM last night. T’ain’t hardly nothing, but the vertical lifting and red spots on the radar are worth keeping an eye on.
That and the animals two-by-two.
Lifestyles: Kidult Toys
Legos, model railroading, and more.
No doubt less spendy that plane, boats, and motorhomes.
Around the ranch, though, Elaine and I figure we’re each other’s kidults.
Pass the Thermos. More bean…