The Dow and S&P 500 set record closing highs on Wednesday helped by gains in industrial stocks, but losses in technology shares limited the advance and weighed on the NASDAQ Composite. Oil edged higher on U.S. inventory declines. Gold hit 6-month lows, closing near $1185. The U.S. dollar soared to a 13-year high.
WASHINGTON, Nov 23 (Reuters) - Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed.
NEW YORK (Reuters) - The Dow and S&P 500 set record closing highs on Wednesday helped by gains in industrial stocks, but losses in technology shares limited the advance and weighed on the Nasdaq Composite.
WASHINGTON (Reuters) - New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter.
WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee on Monday postponed a hearing planned for next week to discuss Mylan NV's pending $465 million settlement to resolve charges that it underpaid government healthcare programs by misclassifying its EpiPen emergency allergy treatment.
(Reuters) - Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules.
NEW YORK (Reuters) - The Dow Jones industrial average hit a record high for a third straight day on Wednesday, while U.S. two-year Treasury yields and the dollar hit multi-year peaks after upbeat U.S. economic data reinforced expectations of interest rate increases.
RIO DE JANEIRO (Reuters) - Brazil's state development bank BNDES plans to repay up to 100 billion reais ($29 billion) in loans owed to the federal government using a mix of cash and securities, Chief Executive Officer Maria Sílvia Bastos Marques said, helping to curb rapid public debt growth.
Two days after a strong 6.9 magnitude struck Japan, just off the coast of Fukushima, moments ago JMA reported that another earthquake has hit Japan, once again off Fukushima, which according to NHK reports was modestly weaker, with a preliminary measurement of 6.1 on the Richter scale.
EARTHQUAKE REPORTED IN JAPAN, OFF FUKUSHIMA, JMA SAYS
JAPAN EARTHQUAKE MAGNITUDE 6.1, NHK SAYS
NHK reports that there is no tsunami risk.
NHK reporting quake at 6:23am registered 4 on 7-point Shindo scale across Fukushima, Ibaraki prefectures, 3 across Tohoku. No tsunami risk.
— Tokyo Outsider ???? (@tokyo_0) November 23, 2016
Emergency Earthquake Warning in Fukushima Pref. pic.twitter.com/5gqANOI4q8
— ???bot@?????XY&Z!! (@serena_pokeXY) November 23, 2016
Submitted by Jon Rappoport via Strategic-Culture.org,
They kept telling the American people Hillary Clinton was going to win the election; and in every way they could think of, they told the American people this was a good idea.
Then, on election night, they, the media, crashed.
The results came in.
The media went into deep shock.
As protests and riots then spread across America, the media neglected to mention a) they'd been bashing Trump because he said he might not accept the outcome of the vote, and b) here were large numbers of people on the Democrat side who weren't accepting the outcome of the vote.
A new campaign had to be launched.
Suddenly, on cue, it was: Hillary Clinton lost because "fake news" about her had been spread around during the campaign.
Fake news sites. That was the reason.
These "fake sites" had to be punished. Somehow. They had to be defamed. Blocked. Censored.
Here is an excerpt from a list of "fake news" sites suggested by one professor. The list is circulating widely on the Web: Project Veritas; Infowars; Breitbart; Coast To Coast AM; Natural News; Zero Hedge; The Daily Sheeple; Activist Post; 21st Century Wire.
Free speech? Bill of Rights? Never heard of it.
Excuse me. "We won't know what to protect?" Meaning what to favor, what to promote, what to lie about? Meaning only some speech is free?
Obama is way, way behind the curve. Thousands of websites and blogs have been exposing major media as fake for years. I started
If you're serious about making money from investing in the financial markets, you need to be able to read the crowd... and go against it.
Let me give you an example... Currently one of the biggest consensus views is that the Gold rally is over and Gold is dead as an investment.
Right off the bat, you know this sentiment is at an extreme and off-base. Despite its recent sell-off, Gold is still crushing stocks in terms of performance year to date.
This is a massive "tell": people believe Gold is doing very badly when in reality it's nearly doubling stocks' performance year to date.
Another "tell" is technical in nature. Investor sentiment is acting as though Gold is dead... when in reality Gold is both oversold and about to stage a bullish crossover (when the 50-wma breaks above the 200-wma).
Put another way, Gold is due for a snapback bounce at the very least... at the exact same time that it's about to trigger a massively bullish long-term buy signal.
This is a textbook recipe for a "rip your face off" rally.
Again, with Gold today we've got:
1) Extremely bearish sentiment.
2) An oversold security.
3) A massively bullish long-term buy signal about to trigger.
You can ignore this all you like. But all of the above suggest Gold will be much higher in the coming weeks.
If you're looking for a high-octane means of playi ...
First things first... Small Caps were up again today - of course - the 14th straight day of gains and the longest streak since Feb 1996. Russell 2000 is the most overbought since 2003...7th Intraday recod high in a row... 8th record close in a row, most since 1996
The nasdaq closed red today as S&P scrambled into the green at the close...
With that silliness out of the way... As Americans give thanks for Donald Trump's wealth creation miracle, we thought some context for the last few weeks might be useful...
The US Dollar spiked today near 102.00 - and is at almost 14 year highs...
China's Yuan has crashed as the dollar soars - breaking above 6.95/$ today - 8 year lows...
The 02 November 2016 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was a significant amount of discussion about inflation. The continued division between the FOMC members on when to raise the federal funds rate:
... Most participants expressed a view that it could well become appropriate to raise the target range for the federal funds rate relatively soon, so long as incoming data provided some further evidence of continued progress toward the Committee's objectives. Some participants noted that recent Committee communications were consistent with an increase in the target range for the federal funds rate in the near term or argued that to preserve credibility, such an increase should occur at the next meeting .....
President-elect Donald Trump has selected former GOP presidential candidate and retired neurosurgeon Ben Carson as the head of the Department of Housing and Urban Development, a spokesman for Carson said.
Two exchange-traded funds launched this year attempt to tap into what could be called the millennial market, arguing that the generation's unique tastes and consumer habits—as well as its growing numbers and purchasing power—has created a profitable opportunity.
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