Baltic Dry Index. 1130 -16 Brent Crude 78.57
Spot Gold 1866 U S 2 Year Yield 4.24 -0.21
Why did I take up stealing? To
live better, to own things I couldn't afford, to acquire this good taste that
you now enjoy and which I should be very reluctant to give up.
President Nixon, with apologies to Cary Grant. To Catch A Thief.
This
weekend, something a little different.
Three very important independent Red YouTube
videos. Enjoy, unless of course you’re one of the victims.
Sadly,
on the Great Nixonian Error of Fiat Money, August 15, 1971, we’re all victims
of the third YouTube video on “the biggest scam in history.” It’s just, unlike
the scam of cryptocurrency, the fraud hasn’t been detected yet by most victims.
But
first this hopium rally in the gambling houses.
Stocks stage first big rally of 2023 as hope grows that
inflation will ease, Dow closes up 700 points
UPDATED FRI, JAN 6 2023 5:15 PM EST
U.S. stocks advanced Friday after the December
jobs report and an economic activity survey showed signs that inflation may be
cooling, signaling that the Federal Reserve’s interest rate hikes are having
their intended effect.
The Dow Jones Industrial Average increased
700.53 points, or 2.13%, to close at 33,630.61. The S&P 500 ended up 86.98
points, or 2.28%, to 3,895.08. The Nasdaq Composite added 2.6%, which equates
to 264.05, to end at 10,569.29.
It was the best day for the Dow
and S&P 500 since Nov. 30 and the best for the Nasdaq since Dec. 29. Every
Dow component ended Friday up.
Friday’s rally helped stocks end
in positive territory for the week, which was the first of the year. The Dow
and S&P 500 each closed the week up 1.5%. The Nasdaq advanced 1%.
The December nonfarm payrolls
report showed that the U.S.
economy added 223,000 jobs last month, slightly higher than the
expected 200,000 jobs economists polled by the Dow Jones expected. In addition,
wages grew slower than anticipated, increasing 0.3% on the month where
economists expected 0.4%.
“All investors care about is that
the data suggests inflation is moving towards the Fed’s target,” said Michael
Arone, chief investment strategist at State Street Global Advisors. “That’s all
investors care about and average hourly earnings suggest inflation continues to
slow. They are excited about that.”
Stocks rose again when the ISM’s
nonmanufacturing purchasing managers’ index showed that the
services industry contracted in December, a sign that the Fed’s
rake hikes may be working to slow the economy.
European markets clock best week since November as
investors digest U.S. jobs report
UPDATED FRI, JAN 6 202311:55 AM EST
LONDON — European markets climbed on Friday as investors
digested key euro zone inflation data and December’s U.S. jobs report.
The pan-European Stoxx 600 index closed
1.1% higher provisionally, marking a 3.4% rise for the week — its best
performance since mid-November.
All sectors were in the green.
Basic resources led gains with a 2.5% rise, as chemicals and energy stocks both
rose around 1.9%.
Inflation
in the euro zone dropped for a second consecutive month in
December. Headline inflation, which includes food and energy costs, came in at
9.2% year-on-year in December, according to preliminary data Friday from the
European statistics agency, Eurostat.
It follows November’s headline
inflation rate of 10.1%, which represented the first slight contraction in
prices since June 2021.
Investors may be hoping that
falling inflation will pave the way for the European Central Bank to
temper its aggressive monetary policy tightening cycle and limit the
continent’s economic pain. However, analysts do not expect a pivot from the ECB
just yet.
Minutes from the last meeting of
the U.S. Federal Reserve,
published earlier this week, showed policymakers stateside were seemingly
unmoved from their hawkish position as they look to bring inflation back down
toward target.
Global stocks received a boost
during afternoon trade in Europe when Friday’s
U.S. nonfarm payrolls report showed payroll growth decelerated
in December. The Dow Jones Industrial Average was up 1.07% shortly after the
open.
Payroll growth still exceeded
expectations, however — reinforcing
the strength of the labor market despite the Fed’s attempt to tame inflation
and suggesting there is room for higher interest rates.
Nonfarm payrolls increased by
223,000 for the month, above the Dow Jones estimate for 200,000, while the
unemployment rate fell to 3.5%, 0.2 percentage point below expectations.
Shares
in Asia-Pacific ticked higher overnight, led by South Korea’s Kospi index,
while U.S.
stock futures pointed to a positive open on Wall Street as
traders await the key jobs report.
Europe
markets open to close: Euro zone inflation data, U.S. jobs report in focus
(cnbc.com)
But
not everyone is a buyer.
Corporate
Insiders Aren’t Betting on a Market Rebound
Recent
market declines have pushed stock prices lower, but executives and directors
haven’t been scooping up their companies’ shares
Jan. 5, 2023 7:00 am ET
U.S. stocks have been on sale of late, but corporate
insiders aren’t finding many bargains.
Insider sentiment, measured by the trailing
three-month average ratio of companies whose executives or directors have been
buying stock versus selling, has dropped for six consecutive months, according
to data from InsiderSentiment.com.
That is the longest such decline in almost two years.
Insiders
typically have greater insight on the business outlook, and the fact that they
haven’t been scooping up their own stocks as the market tumbles suggests they
believe that it might not have bottomed just yet. The S&P 500 has fallen 18% in the past year and last
set a record a year ago.
Corporate insiders tend to time their transactions
well, researchers say. They binged on shares of their own companies as markets
sold off at the onset of the pandemic in March 2020 and were rewarded with a
furious rally over the rest of that year. And they sold en masse in November
2021 when Federal Reserve Chairman Jerome Powell indicated the
central bank would soon begin raising interest rates, and technology and other
growth stocks hit a peak.
Last year, the ratio of insider buying to selling
inched up in June when stocks hit their summer lows, but it has been trending
downward ever since. If insiders remain on the sidelines, that could portend
more trouble ahead for the stock market, strategists say.
“The thing that stands out right now is the lack of buying
even though prices have come down so much,” said Nejat Seyhun, a finance
professor at the University of Michigan who studies corporate-insider activity.
“That’s kind of a warning.”
More
Corporate Insiders Aren’t Betting on a Market Rebound - WSJ
Global
Inflation/Stagflation/Recession Watch.
Given
our Magic Money Tree central banksters and our spendthrift politicians, inflation now needs an entire section of its
own.
No inflation/stagflation or recession watch this
weekend. This weekend more on that new scandal/fraud unfolding after the FTX
collapse. Approx. 24 minutes of crypto hell. Red YouTube
One.
FTX - Genesis & DCG Accused of
$50 Billion Fraud Scam Thro CO-MINGLING & Internal Loans. Crypto
‘Contagion risk’: After the FTX collapse, top U.S.
regulators warn banks about crypto
Published Fri, Jan 6 20238:30 AM EST
Federal bank regulators warned banks about investing in crypto this week, in
what might be a prelude to more aggressive regulations to come.
The guidance comes after the recent “failures of several large crypto-asset
companies,” according to a press release put out by the Federal
Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of
the Currency.
More
U.S. regulators
warn banks about crypto 'contagion risk' post FTX (cnbc.com)
Below,
why a “green energy” economy may not be possible, and if it is, it won’t be
quick and it will be very inflationary, setting off a new long-term commodity
Supercycle. Probably the largest seen so far.
The
“New Energy Economy”: An Exercise in Magical Thinking
https://media4.manhattan-institute.org/sites/default/files/R-0319-MM.pdf
Mines,
Minerals, and "Green" Energy: A Reality Check
https://www.manhattan-institute.org/mines-minerals-and-green-energy-reality-check
"An
Environmental Disaster": An EV Battery Metals Crunch Is On The Horizon As
The Industry Races To Recycle
by Tyler Durden Monday, Aug 02, 2021 - 08:40 PM
Covid-19
Corner
This section will continue until it becomes unneeded.
Today,
the rise and rise of heart disease since 2019. Approx. 15 minutes. Hopefully
this won’t get censored. Red YouTube Two.
Swindon
data
World
Health Organization - Landscape of COVID-19 candidate vaccines. https://www.who.int/publications/m/item/draft-landscape-of-covid-19-candidate-vaccines
NY Times
Coronavirus Vaccine Tracker. https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html
Regulatory
Focus COVID-19 vaccine tracker. https://www.raps.org/news-and-articles/news-articles/2020/3/covid-19-vaccine-tracker
Some more useful Covid links.
Johns Hopkins Coronavirus
resource centre
https://coronavirus.jhu.edu/map.html
The Spectator
Covid-19 data tracker (UK)
https://data.spectator.co.uk/city/national
Technology Update.
With events happening fast in the
development of solar power and graphene, I’ve added this section.
Simulations
Show How Coal may be Converted to Valuable, Carbon-Neutral Materials
Jan 6 2023
In a warming world, coal can often seem the
"bad guy." But we can do other things with coal besides burn it. A
team at Ohio University used the Pittsburgh Supercomputing Center's Bridges-2
system to carry out a series of simulations showing how coal might eventually
be converted to valuable - and carbon-neutral - materials like
graphite and carbon nanotubes.
More
Simulations Show How Coal
may be Converted to Valuable, Carbon-Neutral Materials (azom.com)
This weekend’s music diversion. Have
another Heinichen. Approx. 9 minutes.
Johann
David Heinichen, Concerto en ré majeur S.226 pour violon, flute, hautbois,
théorbe et cordes
This
weekend’s chess update. Approx. 12 minutes.
He
Performs Actual Magic
He Performs Actual
Magic - YouTube
This
weekend’s update on the gigantic bankster scam of inflation. Approx. 30
minutes. Red YouTube
Three.
Inflation:
The Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4
Inflation: The
Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4 - YouTube
for trade into an object in its own right. Modern technology—digital money—further stripped money of
Satyajit Das. Extreme Money.
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