Monday, October 3, 2016

"October Surprise" Is Back - Wikileaks' Assange Confirms Tuesday Video Appearance...

US Manufacturing "Slowed To A Crawl" In September As New Orders Hit 9-Month Lows

Despite the weakest new orders in 9 months, Markit US Manufacturing PMI managed a slightly better than expected 51.5 final print for September (still 3mo lows). Ironically, ISM data bounced perfectly to 51.5 also, after tumbling to 49.4 in August. New orders bounced in ISM data as did production, the opposite of PMI data, but as Market concluded, "Manufacturing growth slowed to a crawl in September, suggesting the economy is stuck in a soft-patch."

What OPEC "Production Cut": Iran, Libya To Boost Production, MS Warns Of Hedging, JPM Cuts Oil Price Target

While last week's OPEC Aligers meeting was supposed to lead a production cut, however we warned that over the most likely outcome would be a boost in production.  We didn't have to wait long and earlier today Iran's IRNA news agency reported that Iran is presently exporting 2.2mbpd of crude oil but the figure could be well increased to 2.25mmbpd and that Iran would be able to increase its crude oil production to 4.2mbpd. At the same time, Libya crude oil production rose to 500k B/d, and output would liekly reach 600k b/d at end-October.

List of Countries Destroyed by Hillary Clinton

from Hang The Bankers:
In an email sent to his business partner and Democratic fundraiser Jeffrey Leeds, former Secretary of State Colin Powell wrote of Hillary Clinton, “Everything HRC touches she kind of screws up with hubris.”
Clinton’s tenure as Secretary of State during Barack Obama’s first term was an unmitigated disaster for many nations around the world. Neither the Donald Trump campaign nor the corporate media have adequately described how a number of countries around the world suffered horribly from Mrs. Clinton’s foreign policy decisions.
Read More

Is The US Dollar Set To Soar?

Which blocs/nations are most likely to face banking/liquidity crises in the next year? The FX roulette wheel is still spinning, but the ball will drop fairly soon, if not in Q4 2016 then in Q1 2017.

"Wrong Way Gartman"

After Warning Of "Selling Cascade" On Friday, Gartman Turns Bullish

"If the great Marty Zweig taught us all decades ago never to fight the Fed, then we are to learn today never to fight the collective force of the central banks in aggregate either, but should instead see this as a wind at the stock market’s collective back."

EU, US Stocks Slide After Deustche Bank Default Risk Spikes To Record High On Disappearing 'Deal' Hype

Following confirmation over the weekend that the rumors were false of a lower-priced 'deal' with The DOJ somehow saved Deutsche Bank from its potential liquidity crisis; Deutsche Bank assets are notably marked down this morning. Despite Germany being closed, Credit markets are trading in the US and Europe with CDS spiking to new record highs (extending Friday's decoupling).

In Shocking Referendum Vote, Colombia Rejects Deal To End Rebel War: Future Uncertain

In one of the biggest surprises over the weekend, Colombians went to the polls on Sunday to participate in a Yes/No referendum on a recently signed historic peace deal with the FARC leftist guerrilla movement to end more than 50 years of armed conflict (which started in 1964).

98% Of Hungarian Voters Reject Migrant Quotas, But It Was Not Enough

Almost all Hungarians who voted in Sunday's referendum rejected the European Union's migrant quota. The National Election Office said on its website that 98.3% of those who voted had rejected the quotas with 99.97% of votes counted. However, it was not enough, because as noted previously, turnout was too low to make the poll valid, frustrating Prime Minister Viktor Orban's hopes of a clear victory with which to challenge Brussels.

Preview Of Key Events In The Coming Week

Politics will continue to be in focus as US elections draw closer, with attention on post-debate polling numbers high. However, this week should see a pivot toward data with markets looking for evidence of the summer wobble in activity data reversing. In the US the main focus will be the NFP and ISM reports.

Kim Kardashian Robbed Of $6.7 Million At Gunpoint By Fake Cops In Luxury Paris Hotel

While it has nothing to do with capital markets, in what will surely be the biggest news of the day for most of the "developed" world, overnight Kim Kardashian West was robbed at gunpoint at a luxury residence in Paris by at least two men dressed as police officers, according to her publicist and police.


by Jeff Berwick, The Dollar Vigilante:
On Friday, Deutsche Bank’s stock (DB:NYSE) rose 14% on rumors that it had negotiated a settlement with the US Department of Justice’s demand for $15 billion (which is the entire market capitalization of Deutsche Bank) down to $5.6 billion (which would still decimate Deutsche Bank).
Well, it turns out that rumor was completely unsubstantiated.
There is no settlement. And it’s just amazing that the US Dept. of Justice, knowing that Deutsche Bank’s failure would rip the heart out of the European banking industry, is pushing ahead with their demands anyway.
In its last months the Obama administration is showing its true colors more clearly than ever. It is nothing but an appendage of London’s City and the plan continues to be to sink the European and world economy ASAP.
Read More

German Politicians Accuse US Of "Economic War" Against Deutsche Bank

The German parliament’s economics committee chairman Peter Ramsauer, in an interview with Welt am Sonntag, said the move against Deutsche "has the characteristics of an economic war", adding that the US had a "long tradition" of using every available opportunity to wage what amounted to trade war "if it benefits their own economy", and the "extortionate damages claims" being made in the case of Deutsche Bank were an example of that.

Deutsche Bank’s Meteoric Crash Draws Closer, as Markets Brace for Impact

by The Wealth WatchMan, The Wealth WatchMan:
Market Rumblings
Hello brothers, this week we take a look at the enormous market problems being caused by Deutsche Bank. We specifically talk about things like:
-The HUGE share price drop, and how low Deutsche’s share price has gone…
-Which troubled company is now worth more Deutsche Bank…
Read More

Why Gold Stocks Have 300%+ Upside From Here

by Marin Katusa, Katusa Research:
If you think big gold stock gains are behind us, think again.
Although gold stocks have climbed 100% off their late 2015 bottom, they have at least 200% upside from here. Owning gold stocks is still one of the smartest trades you can make right now.
There are two simple reasons why gold stocks will most likely be much higher in a few years: Government insanity and leverage.
I’ll start with the first reason, government insanity…
Read More

Trump International Hotel Vandalized By Black Lives Matter Activists, Media Absent

from ZeroHedge:
Sssh. Don’t tell anyone but Black Lives Matter’s protesters just vandalized the Trump International Hotel in Washington D.C.
As IJR reports, the words “No Justice” and the word “Peace,” with a red line through it, flank the left side of what appears to be the front entrance, the words “Black Lives Matter -Van” are sprayed to the right.
Earlier today, security officers were seen putting wooden boards up to block the vandalism:
Read More

Trump: ‘Common Core Will Be Ended, and Disadvantaged Children’ Will Go to the School of Their Choice

by Melanie Hunter CNSnews:
In a campaign speech in Bedford, N.H., GOP presidential nominee Donald Trump said Thursday that in his administration, Common Core state educational standards will be ended, and disadvantaged kids will be able to choose what school they want to go to.
“Common core will be ended, and disadvantaged children will be allowed to attend the school of their choice,” Trump said, adding that “the catastrophe known as Obamacare will be repealed and replaced, and it’s dying of its own volition anyway.”
Read More…


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