While the early futures today point to a modest 60-points up around the opening, there’s a very interesting question we have about Global Money Flows.
Our logical thinking goes something like this:
- We notice on the commodity side that things not pegged to the dollar are up. Gold is up $10 and silver is bouncing. And look at overseas goods that would benefit from the strong dollar (by going down in USD trades): Brent crude is up.
- At the same time, the recent strength of the dollar prompted us to lay out the “elevator discussion” for Peoplenomics.com subscribers this past weekend. Our view is that the elevator (rising dollar) may be nearing a short-term top.
- Evidence of this notion is seen in the European and other global markets. Which (because the futures we watch are denominated in USD) are also up.
- The troubles of Europe may be passing – at least for now. Germany, for example, was up almost one percent in early trading.
The problem for each of us – as simple-minded investors – is to understand that once the European markets begin to bounce, the US could begin a short-term decline, at least into the end of the week after next. When “Hot Money” sees the global indices are bouncing, they US may comes down this week. And, as it does, the US markets may decline a bit. Again, we refer to the Peoplenomics’ elevator discussion.
The US Market – even when we crank in the present future’s prices – is not set to best the Aggregate reading of August 8th. This leads us to think this could be a “turn-around Monday” when the market may have to reconsider its recent rally.
Here are some of the things we see weighing:
- This week is woefully short of data. The Wednesday release of the Fed’s discussion notes from their last session may be instructive but that’s not until Wednesday afternoon.
- Between now and then – and lacking a big round of domestic data other than minor earnings to hype – the real events may be driven by Europe. If Asia and Europe continue to strengthen, the “hot money” will likely notice and that may drive down the US Buck. Based on the notion there is “Only so much money in the world.”
- The political chicanery isn’t going away.
- But we have a holiday weekend in 11-days…and by then, we would expect the market to drop – perhaps a decent amount.
So that’s the view: Between now and close of trading Wednesday, we’d expect a possible pullback – and if it carries into Friday, a turnaround next Monday or Tuesday and then something of a rally going into Labor Day.
After that? Well, by then we are getting close to when democrats will start the footwork to make their next moves apparent.
D. Schumer will be meeting with Trump Supreme Court nominee Brett Kavanaugh today and he’s gunning for any excuse possible to torpedo a fine jurist.
Meantime, the sometimes “too liberal/left for us” NPR has a report that “Brett Kavanaugh Investigated A President, Then Voiced Concerns About Doing Just That.” If you’re on the left, that’s a flaw. If you’re more rational, it reflects someone always second-guessing themselves which we all know as the road to self-improvement. We look at Federalist Society membership considerations the same way.
If you’re the bipolar Left, the Federalist Society is a dangerous group. And you know why? Look ’em up on Wikipedia and you’ll spot it in an instant:
“The Federalist Society for Law and Public Policy Studies, most frequently called the Federalist Society, is an organization of conservatives and libertarians seeking reform of the current American legal system in accordance with a textualist or originalist interpretation of the U.S. Constitution. Founded in 1982, it is one of the nation’s most influential legal organizations. It plays a central role in networking and mentoring young conservative lawyers. According to Amanda Hollis-Brusky, the author of Ideas with Consequences: The Federalist Society and the Conservative Counterrevolution, the Federalist Society “has evolved into the de facto gatekeeper for right-of-center lawyers aspiring to government jobs and federal judgeships under Republican presidents.”
The problem is obvious: The Left – the people who are piling-on into the socialist/leftist/antifa/et al Webolution via social media and such – are afraid as hell of any group that remembers we are a nation of laws and that checks and balances (oh, yeah…and borders) really do matter. And they’re not going to sit idly by and just be reasonable. Not when they can make up “opposition research” and impede the duly elected President.
Is Social Blowing Up?
We found this headline as hinting in that direction: “Asia Argento Paid Off Sexual Assault Accuser (Report).”
How to Monetize this? How about “Rose McGowan heartbroken over report Asia Argento made deal to pay her own sexual assault accuser…” McGowan brand power grows riding this?
Say, you don’t think barricade lefties are really the same double-speaking crooks who pay off people like they are so anxious to accuse others of being, do you?
Tisk, tisk. Back in the days before socialist media, we used to have broadly agreed-upon social values. One, some 2,000-years old is in Matthew 7.5. Try it, #metoo’ers…
I won’t do start with another “ I told you these were lefties...” rant but do read how “Twitter CEO Jack Dorsey: I ‘fully admit’ our bias is ‘more left-leaning’.”
Ure’s Axiom 807: (Resurrected from our Internet Bubble coverage days) “A sack of shit with billions is still a…what?”
Also see: Axiom 813: “An anti-Trump, left-leaning partisan in control of a huge platform backed up by a PR machine and teams of lawyers is still a…?
We don’t suppose Donald Trump ever reads UrbanSurvival (though we’d be honored if he did..the plug would help us monetize, lol….), but did you notice that our recent article “Mueller and the “McCarthyism” Echo” seems to now be coming from DJT himself?
Study the late Joseph McCarthy, because we are now in period with Mueller and his gang that make Joseph McCarthy look like a baby! Rigged Witch Hunt!”
We did and we wrote and now it’s echoing about.
The President’s views on Social Media over the weekend also seem to echo our long-held views here:
“Social Media is totally discriminating against Republican/Conservative voices. Speaking loudly and clearly for the Trump Administration, we won’t let that happen. They are closing down the opinions of many people on the RIGHT, while at the same time doing nothing to others…….”
While we would love to get a thank-you mention, if he’d just pin the word “WEBOLUTIONARIES” on the social(ist) media, that’d be fine with us…Oh, and long overdue.
As we laid out in our Fourth of July graphic (see: Battle Clicks of the Republic), America has a Constitutional Government and the Online Insurrection. Just like the South had Confederate Dollars in the Civil War, the WEBSOLUTIONARIES have digital tulips called cryptos. (I mean, we’d have a different view of cryptos if we were tax evaders, but we’re not…)
If the WH would refer to WEBOLUTION, I think it would make the battle lines a little clearer about the time the #yesmebribem2 movement is due to arrive.
Oh, wait: the WEBOLUTION is still ongoing and here’s a Newsweek piece “When Trump Is Jailed, Giuliani Can Visit Him and Say ‘Don’t Worry, Donald: Prison Isn’t Prison’.” This is humor? My, oh my…where’s the America that used to be here…
Oh, and it gets even MORE tasteless as “Dem Rep. Hastings gets big laughs for joking about Trump drowning in Potomac.” Joke? Where’s the Secret Service? Got a hell of an opportunity for overtime, fellas…
More? This caught my eye, too: “John Oliver Made an Explanatory Video to Help President Trump Understand Trade…” I’m not much of a fan of Oliver’s efforts at humor. But, when someone’s a young comic and someone’s an older billionaire, the premise is is assuredly political, not humorous.
Left and Trump-haters better pray Trump wins 2020 – they won’t have a reason to live when he’s out. Hate needs an object or it just…poof?
Hate in a whole GLOBAL INDUSTRY NOW….never4 thought I’d live to see it, but there you have it.
More dead people in Indonesia from yet-another earthquake. Which makes the scorecard look like this:
Meantime, think back of what I’ve mentioned before: We are atd the bottom of Solar Cycle 24 – sun spots are all but gone right now – and this is followed by global cooling.
There has been discussion in the literature about cooling that this will cause the crust of the Earth to contract and that would set off a large series of (mainly Pacific Ring of Fire) quakes.
So get used to ’em. Oh, and if you live on the West Coast, do you have an Earthquake Plan?
Things to Know
Attention warhammer (our .mil analyst): “Russian military braces for massive war games in the east.”
M^A Dept: “Here’s Why Pepsi Is Buying SodaStream for $3.2 Billion.” No straws, maybe?
Was Columbus a sammer? “This 1491 map may have influenced Christopher Columbus.”
Monday BP Check
111/70 pulse 54 before writing.
121/71 pulse 55 after.
Dow futures up 55….
And yes, moron the ‘morrow.