The post-election run-up in stocks was fueled purely by “hope and change” energy. Now that Trump has assumed the mantle, reality will hit like an icy shower. The non-“alternative facts” about the economy continue to show contraction in real economic activity. The retail sales report for December was an utter disaster, especially if you strip out gasoline and autos.
Firing on all cylinders and tackling important economic and political events of the past month while looking towards what may happen in 2017, the latest “Welcome to Dystopia” is one of the most informative and downright funny episodes of recent memory. Jason and I pull no punches! – Eric Dubin, Managing Editor, The News Doctors
Jason and Mo of Wall St for Main St discuss 2016 including the Federal Reserve, interest rate increases, the 35+ bond bull market, a strong US Dollar, Donald Trump and Dow 20k.
We have the ingredients for major market turmoil in 2017.
The Fed is completely full of shit. It is terrified of the conditions it has set up and it has no idea what to do next. The “data” that it claims to be so dependent on is arrantly fake.
An interest rate rise of one percent, would drive the annual US debt higher by $190 billion.
ETF inflows into the US stock market are downright explosive. TrimTabs published a recent alert discussing the massive inflow of capital. We are seeing money flows dancing to differences in monetary policy and currency zones. Click here for examples playing out this morning. TND colleauge Dave Kranzler has more:
The Census Bureau reported that its advance estimates of retail sales for November show a .1% gain from October and a 3.8% gain over November 2015. Wall St. was forecasting a .4% gain. Oops. But there’s a bigger problem…
TND Guest Contributor: Dave Kranzler
The Bank of Japan signaled it will keep loose monetary policy while the perception of tightening monetary policy by the Federal Reserve dominates market expectations. Off to the races! The yen started to swan dive against the dollar, and euro dives after terrorist attack.
Without warning, the US Mint advised authorized purchasers that 2016 year silver eagle production is suspended and no further coins will be available until 2017. Precious metals fund manager Dave Kranzler joins Doc and Eric Dubin to forecast the market impact, the chaos going on in the bond market and India’s ban of 1,000 and 500 rupee notes
Gold was pushing $1230/oz overnight, as the methodical take-down of gold and silver in the NYC and London paper markets has triggered an avalanche of demand for physical gold in the eastern hemisphere.