Market Talk – October 31, 2024

October 31, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 196.14 points or -0.50% to 39,081.25
• Shanghai increased 13.59 points or 0.42% to 3,279.82
• Hang Seng decreased 63.31 points or -0.31% to 20,317.33
• ASX 200 decreased 20.40 points or -0.25% to 8,160.00
• SENSEX decreased 553.12 points or -0.69% to 79,389.06
• Nifty50 decreased 135.50 points or -0.56% to 24,205.35
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00013 or 0.02% to 0.65737
• NZDUSD decreased 0.00026 or -0.04% to 0.59683
• USDJPY decreased 1.208 or -0.79% to 152.036
• USDCNY decreased 0.0023 or -0.03% to 7.12397
The above data was collected around 15:17 EST.
Precious Metals:
•  Gold decreased 36.58 USD/t oz. or -1.31% to 2,748.84
•  Silver decreased 0.976 USD/t. oz. or -2.89% to 32.766
The above data was collected around 15:19 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 77.99 points or -1.05% to 7,350.37
•  FTSE 100 decreased 49.53 points or -0.61% to 8,110.10
•  DAX 30 decreased 179.80 points or -0.93% to 19,077.54
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00114 or 0.10% to 1.08694
• GBPUSD decreased 0.00747 or -0.58% to 1.28830
• USDCHF decreased 0.00238 or -0.27% to 0.86407
The above data was collected around 15:22 EST.

US/AMERICAS:

 

US Market Closings:

  • Dow declined 378.08 points or -0.9% to 41,763.46
  • S&P 500 declined 108.22 points or -1.86% to 5,705.45
  • Nasdaq declined 512.78 points o -2.76% to 18,095.15
  • Russell 2000 declined 36.37 points or -1.63% to 2,196.66

 

Canada Market Closings:

  • TSX Composite declined 342.82 points or -1.4% to 24,164.97
  • TSX 60 declined 20.12 points or -1.37% to 1,445.77

 

Brazil Market Closing:

  • Bovespa declined 903.92 points or -0.69% to 129,735.41
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil increased 1.998 USD/BBL or 2.91% to 70.608
•  Brent increased 1.986 USD/BBL or 2.75% to 74.145
•  Natural gas decreased 0.1415 USD/MMBtu or -4.97% to 2.7035
•  Gasoline increased 0.0384 USD/GAL or 1.95% to 2.0043
•  Heating oil increased 0.079 USD/GAL or 3.61% to 2.2666
The above data was collected around 15:26 EST.
•  Top commodity gainers: Crude Oil (2.91%), Cheese (3.39%), Heating Oil (3.61%) and Brent (2.75%)
•  Top commodity losers: Natural Gas (-4.97%), Silver (-2.89%), Palladium (-2.20%) and Feeder Cattle (-2.08%)
The above data was collected around 15:31 EST.
BONDS:
Japan 0.9410% (-1.17bp), US 2’s 4.19% (-0.004%), US 10’s 4.2910% (-1.2bps); US 30’s 4.48% (-0.019%), Bunds 2.3910% (+1.6bp), France 3.125% (+1bp), Italy 3.6410% (+1.3bp), Turkey 30.605% (+210.5bp), Greece 3.345% (+5.8bp), Portugal 2.823% (+1.3bp); Spain 3.087% (-2.2bp) and UK Gilts 4.4310% (+6.87bp)
The above data was collected around 15:52 EST.

Will the Next Pandemic Come Before World War III?

October 31, 2024

Disease Cycle

The US, Mexico, and Canada are developing a cohesive framework to prepare for the next pandemic. The North American Preparedness for Animal and Human Pandemics Initiative (NAPAHPI) “recognizes that the high degree of interconnectedness among our three countries of our critical infrastructure, supply chains, and societies means that disruptions affecting one country often impact the others.” The three nations are relying on the One Health approach put forth by the World Health Organization to find a way for the world to respond to future pandemics in a cohesive manner, which may include vaccination passports.

The WHO has worked with “Food and Agriculture Organization of the United Nations (FAO), the United Nations Environment Programme (UNEP) and the World Organisation for Animal Health (WOAH) as a One Health Quadripartite” to develop the framework of this approach. They have installed an “expert” health panel to determine the best global course of action moving forward. “Critical areas include food production and distribution, urbanization and infrastructure development, international travel and trade, activities that lead to biodiversity loss and climate change, and those that put increased pressure on the natural resource base,” the WHO claims, meaning this installed panel will have absolute authority over EVERYTHING from food to trade.

vaccinepassport

Part of the One Health Initiative includes vaccine passports. Individual nations created their own versions of vaccine passports, but there has yet to be a global initiative to create one. The Children’s Defense Network, supported by Robert F. Kennedy Jr., has been keenly monitoring this issue. Although there is no global database housing vaccination data, the new treaty signed by the US, Canada, and Mexico will bring us one step closer to ensuring neighboring nations are aligned when it comes to the next pandemic – whatever that may be.

“Because this is an initiative from the WHO, I am deeply concerned,” said Nicholas Hulscher, an epidemiologist and fellow at the McCullough Foundation. “They appear to be seeking domain over plants, animals, and humans — globalized, central control over public health policies in all participating countries.”

Misinformation

Hulscher told the Children’s Defense Network that he believes one of the reasons governments are stifling free speech is due to “infodemic,” which the WHO describes as “too much information including false or misleading information in digital and physical environments during a disease outbreak.” We saw this happen countless times during COVID. YouTube continues to censor my interviews when the topic of COVID arises.

None of this is about health, as every reader here knows. The borders were wide open during the pandemic and no one seemed to care. The entire premise of manufactured global pandemics created in a lab is to control the global population. This new agreement puts our freedom of movement at risk.

The HHS has said that the new agreement would look into implementing “border health measures.” The HHS stated: “The implementation of border health measures at airports, seaports, and land borders such as screening of passengers, vaccination requirements, quarantine, and entry restrictions, etc., should be evidence-based and aimed to slow the introduction or spread of a pathogen in the region.”

Socrates has stated that the disease cycle will reach a peak once again in 2026, which is just in time for the war cycle peaking in 2027. Governments will have a year to pacify and control the population before all hell breaks loose. Could the world possibly face a pandemic on the precipice of a world war? We can hope for the best while preparing for the worst. Socrates said the financial affects of what is to come will be felt by 2028.

US GDP Rose 2.8% in Q3

October 31, 2024

GDP 3

According to data provided by the Commerce Department, the US economy grew 2.8% during Q3, beneath expectations of a 3.1% increase. GDP has slowed from the 3% posting during Q2.

 

Personal consumption expenditures (PCE) rose 3.7% last quarter, marking the strongest performance since Q1 of 2023. The US federal government’s spending is factored into growth, albeit another reason why these data points never provide a true indicator of economic growth in the long term. The government managed to increase spending by an astounding 9.7% — 14.9% of which was spent on defense.

 

Personal consumption expenditures price index increased 1.5%, providing a bit of good news for Fed who looks and causing optimism about a rate drop during the next Federal Open Market Committee meeting. Core PCE remained at 2.2%.

 

Consumer spending, one-third of US GDP, has risen, but Americans are spending more on less. The government is not releasing the true figures or painting an accurate picture of the economy. Sure, consumer spending is up, but personal savings fell to 4.8% from 5.2%. Americans are spending more, but they are also falling into debt.

 

The US remains the safe haven for international capital. We saw a 5.87% increase in capital flows to the US on a monthly basis based on the Global Market Watch, and Socrates predicts it will continue to increase.

The Biased Media Coverage of Harris v Trump

October 31, 2024

FP Harris no show

The majority of Americans are ready for the election to be over. The constant bombardment of political ads, emails, and texts has been overwhelming. The media has been covering Trump and Harris 24/7 through an extremely biased lens.

The Media Research Center conducted a study that found the evening news coverage of the presidential race has been the most one-sided display of fake journalism in history. Looking back to media coverage from July when Joe Biden was ousted from the race, ABC, CBS, and NBC have provided Kamala Harris with 78% positive coverage. In comparison, these agencies have only provided 15% negative or neutral coverage of Donald Trump.

Babylon BeeTrump_Indicted_For_Inciting_Assassination_Attempt

The study followed 660 stories and noticed that the Big Three networks painted Kamala Harris as a hero in July. After the first Trump vs Harris debate in September, the Big Three revised its propaganda to focus on Donald Trump. Instead of painting Harris as an American hero, the narrative became a constant bombardment of demonizing the Republican nominee who was actually nominated.

Trump Criminal

The demonization of Trump has been stronger than during the 2016 US Presidential Election when the Big Three used 91% of airtime to provide negative air time for Trump as they also painted Hillary Clinton in a negative light 79% of the time. Even during the 2020 race, these media outlets only provided Joe Biden 66% positive coverage compared to 92% coverage on Trump.

The study also found that one-third of Trump’s airtime has covered his personal controversies, with the January 6 incident receiving the most airtime followed by Trump’s claim that the 2020 election was unfair. Harris only faced 5 minutes and 22 seconds of negative personal criticisms.

Trump Dictator Kagan Nuland Washington PostMedia

Immigration, the economy, and abortion are the three main issues that the media has covered. There is no denying that Harris is unprepared and has no solution to these crises. In terms of coverage on policies, the playing field is a bit more even with Trump receiving 63% negative coverage and Kamala 55%. Yet, the media rarely covers the issues Americans face, and this race has been turned into an American idol popularity contest.

Most concerning, 90% of the positive coverage Kamala Harris received simply celebrated her without mentioning her policies or past achievements. The media has pushed the “woman of color” narrative as if America needs a DEI hire to solve its issues.

Trump Flees NYC

If Trump rightfully wins, the mainstream media will have a meltdown. The study only covered three networks but 99% of them are abiding by the same mockingbird media narrative that Trump is Hitler reincarnated. He will continue to be persecuted as long as he is in the public light or simply alive.

Market Talk – October 30, 2024

October 30, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 373.71 points or 0.96% to 39,277.39
• Shanghai decreased 20.17 points or -0.61% to 3,266.24
• Hang Seng decreased 320.50 points or -1.55% to 20,380.64
• ASX 200 decreased 68.80 points or -0.83% to 8,180.40
• SENSEX decreased 426.85 points or -0.53% to 79,942.18
• Nifty50 decreased 126.00 points or -0.51% to 24,340.85
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00206 or 0.31% to 0.65787
• NZDUSD increased 0.00139 or 0.23% to 0.59832
• USDJPY decreased 0.226 or -0.15% to 153.039
• USDCNY decreased 0.01175 or -0.16% to 7.12982
The above data was collected around 12:44 EST.
Precious Metals:
•  Gold increased 11.92 USD/t oz. or 0.43% to 2,786.93
•  Silver decreased 0.559 USD/t. oz. or -1.62% to 33.917
The above data was collected around 12:48 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 82.75 points or -1.10% to 7,428.36
•  FTSE 100 decreased 59.98 points or -0.73% to 8,159.63
•  DAX 30 decreased 220.73 points or -1.13% to 19,257.34
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00429 or 0.40% to 1.08627
• GBPUSD decreased 0.00076 or -0.06% to 1.30035
• USDCHF decreased 0.00145 or -0.17% to 0.86580
The above data was collected around 12:50 EST.

US/AMERICAS:

 

US Market Closings:

  • Dow declined 91.51 points or -0.22% to 42,141.54
  • S&P 500 declined 19.25 points or -0.33% to 5,813.67
  • Nasdaq declined 104.82 points or -0.56% to 18,607.93
  • Russell 2000 declined 5.06 points or -0.23% to 2,233.03

 

Canada Market Closings:

  • TSX Composite declined 54.76 points or -0.22% to 24,507.79
  • TSX 60 declined 3.72 points or -0.25% to 1,465.89

 

Brazil Market Closing:

  • Bovespa declined 59.72 points or -0.05% to 130,670.21
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil increased 1.379 USD/BBL or 2.05% to 68.589
•  Brent increased 1.365 USD/BBL or 1.92% to 72.485
•  Natural gas decreased 0.0293 USD/MMBtu or -1.02% to 2.8297
•  Gasoline increased 0.0227 USD/GAL or 1.16% to 1.9808
•  Heating oil increased 0.0439 USD/GAL or 2.05% to 2.1863
The above data was collected around 12:55 EST.
•  Top commodity gainers: Crude Oil (2.05%), Cocoa (2.17%), Heating Oil (2.05%) and Orange Juice (2.72%)
•  Top commodity losers: Rice (-2.43%), Platinum (-3.70%), Palladium (-5.37%) and Milk (-10.73%)
The above data was collected around 13:02 EST.
BONDS:
Japan 0.9530% (-2.36bp), US 2’s 4.15% (+0.044%), US 10’s 4.2620% (+0.3bps); US 30’s 4.48% (-0.007%), Bunds 2.3935% (+5.95bp), France 3.125% (+4.6bp), Italy 3.6430% (+7.8bp), Turkey 28.280% (+0bp), Greece 3.273% (+5.2bp), Portugal 2.787% (+7.4bp); Spain 3.098% (+8.7bp) and UK Gilts 4.3620% (+4.16bp)
The above data was collected around 13:07 EST.

Trump’s Former Advisors Discuss How He Could End Ukraine War

October 30, 2024

Armstrong on war never ends

Donald Trump has long stated that he would end the war in Ukraine if elected president. Confident in his ability to do so, the former president has stated he could end the conflict in 24 hours, and has guaranteed to do so before he actually enters the White House. He finally revealed how he intends to accomplish such a feat.

It begins by revisiting the failed Minsk Agreement – the entire premise of the current war. François Hollande and Angela Merkel representing France and Germany at the time brokered the agreement between Russia and Ukraine. The Organization for Security and Co-operation in Europe (OSCE) monitored negotiations and both sides agreed to an immediate ceasefire. Russia withdrew troops from Ukraine for one primary reason — the Donetsk and Luhansk regions were to be occupied territories that would have the autonomy to vote in their own elections.

These regions were never Ukrainian territory. It was occupied by Russians for centuries. The people there had a right to their own lives. The Ukrainians demanded they no longer speak Russian and they sought to deny them even their own religion and they were to report to Kyiv instead of Moscow. This was like Mexico reclaiming Texas and demanding English was to be outlawed and only Spanish was to be spoken and all religions were to be outlawed except allegiance to the Archbishop of Mexico.

The ethnic Russians in the Donbas did not want to submit to a central government from Kyiv itself. The Obama Administration really opposed this sort of settlement on the grounds of old-world empire theory predicated on the territorial integrity of Ukraine. Such policies have led to the death of hundreds of millions of people over the centuries.

Merkel_Minsk_Buy_Time_to Prepare for wart

Europe brokered the Minsk Agreement as a ploy to buy time. Angela Merkel admitted a few years ago that they negotiated in bad faith with Putin simply to allow Ukraine time to fortify itself thereby buying time to build its army. She also said that at the time, NATO was weak and could not provide support to Kyiv to the extent they do currently. The Minsk agreements were signed to pretend to resolve the Donbas conflict.

WHY would Putin ever agree to any agreement with Ukraine when they NEVER comply with what they agree to. It is now abundantly clear that the Minsk agreements were NEVER intended to be carried out by the current Kyiv government. They were simply used to buy time to build up their forces for war against Russia.

Zelensky_Tells_Trump_NATO or Nukes

Another stipulation is that Ukraine may never join NATO. Russia has repeatedly stated that it is not battling Ukraine but the NATO alliance that has them cornered. NATO has become the aggressor in this conflict that has grown to such proportions that admitting Ukraine would instantly lead to World War III under Article V that demands all NATO members attack in unison.

Trump’s former advisors have stated that America would have no role in enforcing any peace treaty agreements. This is not our war. “There are two things America will insist on. We will not have any men or women in the enforcement mechanism. We’re not paying for it. Europe is paying for it,” his former advisor added.

A strong leader like Donald Trump who does not align himself with the neocons could possibly persuade Putin, but who will persuade Zelensky? Zelensky’s Victory Plan includes the annihilation of Russia which is precisely what the neocons have been after. Who will convince the allies who have provided trillions in funding to Ukraine? Let’s also remember that the neocons are on both sides of the political spectrum and Trump would have trouble convincing his fellow Republicans to walk away from this war.

I’ve said it numerous times, but one of the most impressive traits Trump displayed to me was empathy. When I went to visit Mar-a-Lago in 2020, Trump said he was tired of calling mothers to tell them that their sons died fighting in the Middle East. It was the first time I heard a politician actually discuss the citizens on the battlefield who are sent off to die in these neocon war games. Trump said that there had been war in the Middle East for most of known modern history and America simply had no place there. Likewise, America has no place in Russia or Ukraine.

Socrates states that Trump could slow down the war cycle, but he cannot prevent the inevitable. It is true that Donald Trump could delay the onset of the growing global conflict BUT he cannot alter the cycle. Our computer shows that war could break out by 2027, and the financial implications will be fully felt by 2028.

Japan Providing Ukraine $3B in Stolen Russian Assets

October 30, 2024

World Bank

Japan announced one of its largest aid packages to Ukraine to the tune of $3.09 billion (471.9 billion yen). The fund is merely part of the G7 scheme to use frozen Russian assets to finance the war. In total, the G7 is prepared to redistribute $50 billion in Russian assets to Ukraine.

This plan will pass through the World Bank and the Japan International Cooperation Agency (JICA). The Japanese government has said it plans to oversee how Ukraine spends these funds, insisting that the aid is simply for human aid rather than military purposes.

No nation has been able to determine how Ukraine is using the endless aid they’re supplied. Portions are funneled back into the military-industrial complex and paid out to the very nations supplying aid. Everyone acts on the invisible hand in their own best interest. None of these aid packages were meant to be a handout, and Ukraine would suffer the repercussions. It is ridiculous to say that individual nations are contributing when they are using frozen Russian funds. The majority of these funds were ceased from private Russian citizens and companies who have committed no crime other than being Russian.

They stipulate this by saying they will only loan Ukraine money made on the profits of holding these assets. The risk will be shared among the G7 nations, and this risk is substantial, for Ukraine will no longer exist as a nation when this is over based on our computer models. Zelensky is too busy stuffing his pockets to care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.

These nations are teetering on the edge by using these assets as collateral. Putin could confiscate ALL assets held by Western countries and private/public corporations under these new economic warfare tactics that completely violate international law. Zelensky has been demanding the full $300 billion in confiscated Russian assets as no sum will ever be enough for his bottomless pockets.

These funds are yet another reason why the war cannot simply end. Russia will demand that these funds be reinstated. Trump could be sworn into office and attempt to broker a deal with Putin, but all the other nations in the G7 will be against him. The US has already provided Ukraine $20 billion in Russian assets through the World Bank who would not likely reimburse a single nation’s “contributions.”

Will the G7 attempt to do the same to China when tensions in Taiwan heat up? No one seems to understand the consequences of these lowly actions, which have not prevented Russia from waging war or looking for alternative trade partners. One day, they will look back on these actions as an epic mistake, as there is no longer respect for international law; the rules no longer apply.

Is an Ice Age Coming?

October 30, 2024

2025 Gulf Stream Collapse

QUESTION: Does your model still predict that we will turn colder in the winters ahead? Live Science seems to be confirming what you forecast, maybe five years ago, for the post-2024 period.

FL

Game of Throne Global Warming is Coming

ANSWER: While the Climate Zealots have been touting Global Warming, the opposite is unfolding. Our earth models have been warning that we are NOT in this Global Warming nonsense. We should have stockpiled food like Joseph told the Pharaoh. There is also a polar vortex forming that warns of Extreme Winters ahead. This, too, is a powerful winter force.

White Walker Close Up

Ads the warned in Game of Thrones, Winter is Coming – not Global Warming. A Polar Vortex also involves the Jet Stream moving south. That typically protects us from extreme cold. But moving south warns us that we can experience extreme cold periods. I will update that research after the WEC. I just have my hands full right now.

Market Talk – October 29, 2024

October 29, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 298.15 points or 0.77% to 38,903.68
• Shanghai decreased 35.79 points or -1.08% to 3,286.41
• Hang Seng increased 101.78 points or 0.49% to 20,701.14
• ASX 200 increased 27.70 points or 0.34% to 8,249.20
• SENSEX increased 363.99 points or 0.45% to 80,369.03
• Nifty50 increased 127.70 points or 0.52% to 24,466.85
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00269 or -0.41% to 0.65563
• NZDUSD decreased 0.00251 or -0.42% to 0.59637
• USDJPY increased 0.304 or 0.20% to 153.474
• USDCNY increased 0.00188 or 0.03% to 7.14519
The above data was collected around 14:27 EST.
Precious Metals:
•  Gold increased 28.79 USD/t oz. or 1.05% to 2,773.23
•  Silver increased 0.705 USD/t. oz. or 2.09% to 34.415
The above data was collected around 14:34 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 45.83 points or -0.61% to 7,511.11
•  FTSE 100 decreased 66.01 points or -0.80% to 8,219.61
•  DAX 30 decreased 53.55 points or -0.27% to 19,478.07
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00049 or -0.05% to 1.08127
• GBPUSD increased 0.00337 or 0.26% to 1.30081
• USDCHF increased 0.00286 or 0.33% to 0.86756
The above data was collected around 14:41 EST.

US/AMERICAS:

 

US Market Closings:

  • Dow declined 154.52 points or -0.36% to 42,233.05
  • S&P 500 advanced 9.4 points or 0.16% to 5,832.92
  • Nasdaq advanced 145.56 points or 0.78% to 18,712.75
  • Russell 2000 declined 6.16 points or -0.27% to ,238.09

 

Canada Market Closings:

  • TSX Composite declined 3.11 points or -0.01% to 24,562.55
  • TSX 60 declined 1.28 points or -0.09% to 1,469.61

 

Brazil Market Closing:

  • Bovespa declined 418.68 points or -0.32% to 130,793.9
ENERGY:
The oil markets had a negative day today:
•  Crude Oil decreased 0.135 USD/BBL or -0.20% to 67.245
•  Brent decreased 0.275 USD/BBL or -0.39% to 71.145
•  Natural gas decreased 0.0075 USD/MMBtu or -0.26% to 2.8555
•  Gasoline decreased 0.0247 USD/GAL or -1.25% to 1.9506
•  Heating oil decreased 0.0041 USD/GAL or -0.19% to 2.1368
The above data was collected around 14:44 EST.
•  Top commodity gainers: Wheat (2.23%), Cocoa (4.77%), Palm Oil (2.85%) and Lean Hogs (2.54%)
•  Top commodity losers: Methanol (-1.62%), HRC Steel (-2.36%), Orange Juice (-1.99%) and Coffee (-1.91%)
The above data was collected around 14:52 EST.
BONDS:
Japan 0.9770% (+0.25bp), US 2’s 4.13% (-0.026%), US 10’s 4.2750% (-1.1bps); US 30’s 4.52% (-0.015%), Bunds 2.3250% (+4bp), France 3.080% (+6.7bp), Italy 3.5510% (+5.5bp), Turkey 28.280% (+10bp), Greece 3.207% (+7.2bp), Portugal 2.726% (+3.3bp); Spain 3.014% (+5.4bp) and UK Gilts 4.3200% (+5.61bp)
The above data was collected around 14:56 EST.
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