This is really a grand game. Ures truly take about a new car’s worth of dough, throw it into short-side (to make money when the market go down) buying Exchange Traded Funds (ETF’s) just before the Global Mood Shifts.
Our modest goal is to improve the timing accuracy of the systems described on the subscriber site, www.peoplenomics.com.
Our detractors love us being on the “wrong side” for a few days, be we don’t honestly mind. It’s fun to watch The Establishment (which we call The Network for clarity) try to spin things their way. Take this weekend, for example:
For one, there was Trump saying, in so many words, “Here come the tax cuts – believe it.”
While it offers a kind of MAGA (make American great again vibe), we have been more explicit than usual in explaining how Trump is being advised incorrectly on this key policy point. In fact, on the Peoplenomics side, I recently explained in detail “Why Reagan Tax Cuts Won’t Work Now.”
And it’s not like I’m the Lone Ranger here. NBC offers a similar view in ““The GOP Tried Trump-Style Tax Cuts in Kansas. What a Mess.”
Today, minions of The Establishment are admitting that a “Million dollar bracket in the works for GOP tax plan.”
More RINO BS, but we have to say that doesn’t sound like the “party of the People” does it?
Still, Trump knows that what voters want to hear is tax cuts are coming, so pardon our skepticism. Especially from a congress that can’t legislate its way out of a paper bag or bad healthcare plan, either.
To be fair, this is not to be too critical of Trump. The Network (the British-American Establishment) is desperate to marginalize Trump. It’s made clear in the Financial Times’ “US business battles for cherished tax breaks.”
The Establishment is also pulling their marionette strings to bash Trump (and the people surrounding him) on all possible fronts.
The front page of the Washington Post site today might as well have been written by Antifa with “Lawmakers question Trump’s dealmaking skills, consider him an unreliable negotiator” and “Sen. John McCain hits Trump where it hurts, attacking ‘bone spur’ deferments in Vietnam.”
As we have been explaining for months, the coming showdown between what is essentially a “real estate president” (who understands the hit online retailers are dishing out to mall operators) and the Washington Post which is Amazon’s Jeff Bezos’ paper, ought to be a slow-motion epic.
We look for the Post to become even more skeptical of anything connected with Trump for a simple reason: “President Trump Nominates Joe Simons to Chair the Federal Trade Commission; President Also Nominates Noted Consumer Protection Advocate Rohit Chopra to the Commission ”
It’s axiomatic around here (so says Zeus the Cat) that Amazon’s new “Second headquarters” will likely be driven more by political and antitrust considerations than raw economics. Zeus points to “The federal lawmakers who regulate Amazon are begging the company to move to their home states” as substantiating the view.
Ah, the joys of the (wink-wink, nudge-nudge) world of “clean” capitalism, huh?
Meantime, the Post assault on all-thing-Trump continues in “The most popular parlor game in Washington: Who will replace Tillerson?”
This, you should understand, is yet-another Network attack on Trump because the Establishment embeds in the State Department (Foggy Bottom) are used to running the world to the old neocon playbook. They are (and despite Tillerson/Trump) a key breeding ground of what former president Bush admitted last week was “…the governing class…” to which we’ve not been invited.
Playing the Mood Shift in Advance
Back to point, we also see the mood-shift covering Korea, as well. In part because CNN has cued the liberal hand-wringers with “Why Trump’s Korean war talk should be taken seriously.”
Not doubt it will be the next item on the Establishment’s Trump attack list. It’s an obvious chance for minions of The Network to call Trump all kinds of things (insane among them) because Trump’s plans to defend America run into Globalist agendas all over the place.
Not to mention putting US B-52’s back in the air 24/7 has caught the eye of Russia Today. “‘World is a dangerous place’: US prepares to put B-52 nuclear bombers on high alert.”
So Watch the Minions. But even so, control is not perfect. 18 hours ago, USA Today report “Jimmy Carter: The media has been harder on Trump than predecessors.”
We’d score that as a Truth Leak.
More evidence of the privilege of the governing class is seen when Maxine Waters speaks in public of “offing” the President without being nailed by the Secret Service. Youtube meantime, begins to look complicit in covering this up by removing the video of her saying it!
If you or I did that? I’m thinking jail time. Sure, Waters is black, a woman, in holds office. But does that mean she can speak publicly about killing a sitting President? Were she white, male, and not in office, I’d bet the Secret Service would have interviewed her already – and she’d perhaps be in jail…
We’re not sure how this works, but it looks very much like a ‘governing class’ Untouchable.
White, black, purple and any gender (I’ve lost count, sorry) we’re still a nation of laws….or are we?
Threats to kill are not acceptable, and so neither is Waters. If someone like Bernie has said it, our view would be the same.
The China Korea Game
Peoplenomics this weekend went into an even deeper discussion of how China fits in all this. But even if you don’t subscribe, pay extreme close attention to tales of Chinese duplicity on North Korea.
We’d expect this will be the main one to watch.
Speaking of China, did you see where Tesla Strikes Deal With Shanghai to Build Factory in China?
Meantime, Back to Our Economic Roots
The point of going short last week was to catch a “mood shift” – because when the public mind changes, so do pricing decisions.
Is there a chance that the All-Time-High for the market was last week (On a closing basis)?
Futures suggest the Dow could go up 20, but I don’t expect the close to be up. The mood swing seems to be starting.
Chicago Fed Data Out
“Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.17 in September from –0.37 in August. All four broad categories of indicators that make up the index increased from August, and three of the four categories made positive contributions to the index in September. The index’s three-month moving average, CFNAI-MA3, was unchanged at –0.16 in September.”
Oh yeah….and Bitcoin: $5,793. Down from last week’s levels.
As I was saying about “mood swings.”
Mor’on the morrow…