RFK Jr To Endorse Trump On Friday Morning

Update (5:15pm ET): As we speculated earlier, Robert F. Kennedy Jr. indeed plans to end his independent presidential campaign and endorse former President Donald Trump, NBC news reported citing two sources familiar with the plans. The sources cautioned that talks …

READ MORE

Tumbling Dice! US Yield Curve Inversion Steepens, Mortgage Rates UP 163% Since 2021, Retailers Offer Deep Black Friday Discounts As US Manufacturing PMI Contracts

by confoundedinterest17 The Federal Reserve reminds me of The Stones’ song “Tumbling Dice.” Why? The Fed can’t tell if inflation is cooling or re-accelerating. Hence, they are just rolling dice. Let’s start with mortgage rates, a critical component of the housing and …

READ MORE

Black Friday – A Key Weekend for Retailers

By Martin Armstrong Retailers have been preparing for Black Friday and Cyber Monday all year. The tradition of post-Thanksgiving shopping has spread internationally with companies throughout the world promoting special sales. The National Federation of Retailers in America predicts that 2023 will …

READ MORE

Hong Kong Cancels Friday Trading

#CN_Update ⚡🇭🇰Hong Kong Exchanges cancels all Friday trading due to a Black Rainstorm Warning remaining in force and the announcement of Extreme Conditions by the Hong Kong Government.Stock Connect Northbound trading is also suspended for the day.#HongKong https://t.co/6quhmkzlqZ — CN …

READ MORE

Bank fail Friday incoming? FDIC announces meeting that occurred yesterday to consider, among other things ‘resolution activities’. Last time this happened (7/27), Heartland Bank failed (7/28).

by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-18988.pdf Previous Instance: FDIC Alert! Sunshine meeting notice for meting that the public interest did not require consideration of & already occurred today at 11:16a.m., & considered supervision, corporate, and RESOLUTION activities, with the paperwork for the meeting that …

READ MORE

Nvidia’s gain in Q3 was seen as good for Tech stocks, but this quarter’s gain is seen as negative…. This rally guarantees that Powell will monkey hammer markets on Friday… “most members worry that the inflation fight is far from over”

We're looking for a hard reversal on the daily for Tech this week. And then pull the plug on this final festival of idiots. Let history sort them out. pic.twitter.com/gIM5I7b2qh — Mac10 (@SuburbanDrone) August 23, 2023 Another blowout for Nvidia. …

READ MORE