Summer Crash?

[bucket]

Any talk of a covid outbreak in Vietnam?

[Rareearth]

Thanks Errol
I cant see interest rates going up any time soon.

[jazz]

Fed will be back in buying hard overnight. Oil will be triple digits this time next yr. Covid head fake.

[errolanderson]

Thanks Errol
I cant see interest rates going up any time soon.

Not a hope for rate hikes. That would be poison for asset values and the stock market. But where to now? There really aren’t any choices left.

10-year U.S. treasury yields are plunging, below 1.20 percent today, a 5-month low. Bond markets are now telling a very different story about inflation.

Many asset classes are now at-risk of incoming rapid deflation, not stagflation (IMO) as recently advertised by Wall Street. Nobody wants to pay the piper or even admit that debt is a problem for markets.

What’s ahead is the fallout of manipulated economics.

[jazz]

Rapid deflation = feeding frenzy by the rich. No?

Markets back up hard today.

If this was 2006 I would be in agreement with errol, but the fed is in there hard. They use the FX markets to blunt the inflation signals and push them under ground and into energy. But its still there and likely heading to double digits. Food is next.

A prominent economist has predicted the fed balance sheet will inflate to 40T over the next 20 yrs with probably a similar number for the US debt. I believe him.

[errolanderson]

Money sloshing through the system generated by the Fed continues to mire investors in-blinded-complacency. But the Fed now attempting to lower their astronomically bloated balance sheet.

Recovery to Dow record-highs after a brief selloff early week has a very weak foundation (IMO). Bond market action and transport sector turning down, (a warning).

An opinion, see further recovery in the U.S. dollar (safehaven), gold at-risk of further declines. Sense crude oil drop possible and further loonie weakness straight ahead.

Realize this sounds like a fool after the Dow hit historic highs on Friday, but . . . stock markets now at elevated risk of a sharp sell-off before fall market (IMO). ProMarket Wire, Calgary

[errolanderson]

Selloff in Asian tech sector with overnight losses ranging 3.5 to 7.5 percent.

This will likely impact global commodity markets. Hang Seng index technically unstable in my view.

[crusher]

How do you explain natural gas rise?

[errolanderson]

How do you explain natural gas rise?

Crusher, good point . . .

Apparently the natural gas gains driven by LNG exports to Asia. This is an energy market that has been undervalued for years. For what its worth, next technical upward range may be $4 to $4.50 per gigajoule, but Crusher you are right, this looks like a breakout.

[Guest]

The problem is that we are living in never never land surrounded by liberal idiots
Fundamentals don’t work when small idiot children playing with other peoples money believing that budgets can balance themselves and cars will run on unicorn piss and EV’s will charge outta thin air
Nothing works when this shit is going on
Send more free money and make pot readily available
What could possibly go wrong?

[errolanderson]

Equity rout continues in Asia. Hang Seng tech index crashing down 17 percent over past week. China indexes appear down 10 percent plus.

This could spread across global stock and commodity markets quickly, if uncontained.

[Rareearth]

If china, Taiwan, etc companies get derailed we will never get tires, repairs, etc
For a very long time

Plus all the consumer goods

Fountain tire warehouse in saskatoon yard is almost empty ( its on south circle drive) for tires

[burnt]

If china, Taiwan, etc companies get derailed we will never get tires, repairs, etc
For a very long time

Plus all the consumer goods

Fountain tire warehouse in saskatoon yard is almost empty ( its on south circle drive) for tires

Decided to stock up on some tires that are needing replacement soon anyway for that reason. The problem is that you can't predict when you're gonna run into something and wreck a tire like happened here last summer.

The best laid plans...

[errolanderson]

Hang Seng index under heavy selling fire tonite. Tech fallout. North America feels equity impact, including commodities.

[errolanderson]

Hang Seng index under heavy selling fire tonite. Tech fallout. North America feels equity impact, including commodities.

Forbes has indicated China has just wiped out $1 trillion in Asian equity markets.

It makes for an amazing headline, and if true, this Asian financial washout will impact global equity and commodity markets.

This will be yet another incoming challenge for central bankers to keep the investor flock calm. Investment though appears heading back toward U.S., but market waves wiil be generated by these losses (IMO) . . . .