One of my favorite old sayings of investing is “Buy the Rumor, Sell the News.”
Except, of course, it’s often the other way around: “Sell the Rumor, Buy the News.”
Which leaves we mere mortals (without a crooked HF Trading system to ‘legally’ front-run all civilian orders (ahem…) with the simple task of divining the future of markets based on headlines. Sure, there a bits of economic data, and we’ll get to that in due course. But first, let’s look at the rumors because salacious feeds into emotions. And the herd is, if anything, stupid.
Take for example the Grammy’s. As Rolling Stone puts is “Bruno Mars, Kendrick Lamar Dominate 2018 Grammy Awards.”
But that’s not the real story of the Grammy’s: It was the politics of it all. Even the BBC had to report Fire and Fury over Hillary Clinton’s Grammy cameo. Suspiciously, Google had earlier today promoted this to the #1 story this morning. So goes life among alien life-forms. No, Hillary LOST you fools!
Are we surprised? No.
We have always taken it as an article of faith that not only does the music industry lean a bit left, but with Trump, they’ve taken to the task of monetizing hatred…even before Trump’s track record in office could be ascertained.
Like the clown posse at the top of the election-rigging FBI, the Deep State does dandy manipulating “artists” as its sock puppets.
As a further example, we’d point to the Atlanta Journal-Constitution story “JAY-Z calls Trump’s Haiti, African comments ‘hurtful,’ Trump tweets response.”
The short form of the story is JZ got up and did the poor us speech – what we’d expect at a former music event turned ugly political event. But creds to Trump for tweeting:
“…Somebody please inform Jay-Z that because of my policies, Black Unemployment has just been reported to be at the LOWEST RATE EVER RECORDED!”
I’ve mentioned this several times in recent weeks, but the Clintonistas and the Schumerviks don’t want to hear it. They know that a big LIE, repeated often enough (which they’re expert at) will eventually be held as Truth. Like I said, the herd is dumb.
With the Mueller fishing expedition in trouble and missing emails and texts from the warped top of the FBI now being revealed as political partisans, not even-handed law enforcers, the left really needs a new line of attack.
Especially with congress closing in on former top Obamanistas like John Podesta. I can almost hear them now: “Fire Another Distraction!”
Sex sells, correct?
So, now we see the left mounting a campaign to cut off Trump’s pechewzelwhacker by promoting the idea that his marriage to Melania is in trouble. With amazing predictability the NE liberal bastions have started banging out stories like “Trump Hits Alps, but Melania Is Frosty in Florida.”
It spreads downstream and the next Hate Trump pile-on begins: Bill Maher Compares Melania Trump’s Marriage to the Holocaust.
Now that the meme has been dispersed – seeded by the left into their socialsphere – here comes the me-too’s with stories like “Melania Trump’s Aide Slams ‘Fake News’ Amid Rumored Icy Reaction To Stormy Daniels Report.”
Don’t you see? Denial proves fact…except when a Clinton is involved, of course. Trump didn’t palm an automatic exoneration card…his bad.
For those ignorant of history, people who rise to hold the office of president are often seriously driven. And among their drives (feign surprise, please) are high libidos.
Democrats, many of whom become preachy about alleged Trump indiscretions, might be well-served to remember Slick Willy and the WH “depends what you mean by sex” nonsense. Yet, he wasn’t removed from office. Democrats are really good at sex, if you hadn’t noticed. They have it with the whole country on things like deficit spending.
And need we remind you of the “Sex Life of JFK?” National Geographic’s coverage is even-handed here.
We are always reminded of “old sayings” (which seriously miffs our lefterly readers. Particularly when I bring up a Biblical quote on point…in this case, John 8.7 “”He who is without sin among you, let him throw the first stone at her.”
Partisanship is a dirty business…so in their zeal to screw Trump, may I remind you it was the left throwing the first Harvey as SJW became piranha-like in nature.
At any rate, back to the economic theme here, since this is only ONE of the rumors that may weigh on markets – the State of the Union tomorrow night. If Melania no-shows there, then look to the market to collapse in a heap Wednesday morning.
Rumor #2: The Fed Meeting
The Federal Reserve meeting starts tomorrow with a rate decision Wednesday.
Rumor #3: Jobs Data Friday
We still have some time before the ADP and Challenger data rolls out in advance of Friday morning, but that doesn’t stop the nail-biting.
Just in from the Bureau of Economic Analysis:
Personal income increased $58.7 billion (0.4 percent) in December according to estimates released today
by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $48.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $54.2 billion (0.4 percent).
Real DPI increased 0.2 percent in December and Real PCE increased 0.3 percent. The PCE price index
increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.
Dow still looks to open down 50 and Bitcoin is in the descending channel (still) around $10,900 at press time.
Speaking of BTCs: “Japan raps Coincheck, orders broader checks after $530 million cryptocurrency theft/”
Stock to Think About
I’ve been following their Compact Fusion engineering project which seems to be coming along…
Don’t know what the stock will do, but it sure is tempting…and no, I don’t own any and this isn’t a tout. It is just something that from a science and engineering angle looks very damn interesting.
Turkey on Wry?
After all the warnings about the risks of embracing Turkey into NATO, here we read how German president: Moving troops to Jordan was ‘right choice’.
That is, German troops are out of Turkey and in Jordon. And off in the background there’s talk of a need to get Turkey either back in the NATO fold 110 percent, or get ’em out.
Attention Truck-Driving Schools:
Will a CDL (commercial drivers license) still have value in 20-years? Do the math…
All in all, a tame & lame this morning – but moron the morrow…dew drop inn.