Brokers that actually made their britishbrokers is trading gagging episodes occur more frequently this is a website dedicated to provide i dont buy it its called damage control. Market commentators continue to point out record amounts of crude held in storage around the world, and worry about an oversupplied market. The sub-index of imports also indicated contraction, reading 47, a market change from the previous month’s reading of 50.1. The unemployment rate fell in October to 5.0%, from the previous month’s 5.1%, and wage growth showed signs of picking up, at least in the industries of retail and restaurants. The chart below does an excellent job of showing the disparity between the U.S. stock market and commodity and bond markets.
Meanwhile, the U.S. stock market continues to rise, indicating continued global growth. Meanwhile, the U.S. stock market has nearly doubled in value, indicating continued and strong economic growth. And I should add that the strength in the U.S. stock market is not nearly as robust if the chart were a 10-year timeframe, since much of the growth in the last 5 years has come after the historic selloff of 2008 and 2009 and the disruption that the financial crisis caused in the capital markets.
At the same time, I believe that the stock market faces stronger headwinds in the next year or two than most pundits believe. The strengthening dollar will continue to adversely impact corporate profits, which could hurt stock valuations. Lacking these sorts of numbers, we would suggest that the market will continue to be whipsawed and that volatility will continue.
In the establishment’s corner are the Plunge Protection Team, the Federal Reserve and other facilities that can manipulate the market legally and with impunity. But they do. And as we head into September, it will be necessary to divine not just the psychology of the market but the mood of our controllers – which brings us to Shemitah. The seven year bull market since the last collapse in 2008 appears to not only be ending… but appears to be following a very, very similar path to the last collapse in 2008.
The downward movement of the market that we warned against back in July has taken place and the next leg could actually be up, even up hard if Janet Yellen pulls out QE4 from her bag of dirty tricks. Over the weekend we highlighted the three year period from 2005-2008 to the current three year period from 2012-2015 in the Dow and the similarities are noticeable (note: does not include the crash of Monday and Tuesday). We warned about August’s stock retreat and we brought history’s cyclical Shemitah behaviors to the attention of millions.