Market Talk – November 20, 2024

November 20, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 62.09 points or -0.16% to 38,352.34
• Shanghai increased 21.98 points or 0.66% to 3,367.99
• Hang Seng increased 41.34 points or 0.21% to 19,705.01
• ASX 200 decreased 47.70 points or -0.57% to 8,326.30
• SENSEX closed
• Nifty50 closed
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00405 or -0.62% to 0.65005
• NZDUSD decreased 0.0047 or -0.79% to 0.58718
• USDJPY increased 0.771 or 0.50% to 155.489
• USDCNY increased 0.01823 or 0.25% to 7.25143
The above data was collected around 15:51 EST.
Precious Metals:
•  Gold increased 12.87 USD/t oz. or 0.49% to 2,647.86
•  Silver decreased 0.479 USD/t. oz. or -1.53% to 30.806
The above data was collected around 15:53 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 31.19 points or -0.43% to 7,198.45
•  FTSE 100 decreased 13.95 points or -0.17% to 8,085.07
•  DAX 30 decreased 55.53 points or -0.29% to 19,004.78
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00691 or -0.65% to 1.05379
• GBPUSD decreased 0.00493 or -0.39% to 1.26447
• USDCHF increased 0.00266 or 0.30% to 0.88475
The above data was collected around 15:57 EST.
US/AMERICAS:

US Market Closings:

  • Dow advanced 139.53 points or 0.32% to 43,408.47
  • S&P 500  advanced 0.13 of a point or unchanged at 5.917.11
  • Nasdaq declined 21.33 points or -0.11% to 18,966.14
  • Russell 2000 advanced 0.81 of a point or 0.03% to 2,325.53

 

Canada Market Closings:

  • TSX Composite advanced 25.69 points or 0.1% to 25,036.46
  • TSX 60 advanced 0.54 of a point or 0.04% to 1,499.74

 

Brazil Market Closing:

  • Bovespa advanced 429.06 points or 0.34% to 128,197.25
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil decreased 0.187 USD/BBL or -0.27% to 69.053
•  Brent decreased 0.164 USD/BBL or -0.22% to 73.146
•  Natural gas increased 0.2101 USD/MMBtu or 7.01% to 3.2081
•  Gasoline increased 0.015 USD/GAL or 0.74% to 2.0496
•  Heating oil decreased 0.0014 USD/GAL or -0.06% to 2.2335
The above data was collected around 15:58 EST.
•  Top commodity gainers: Natural Gas (7.01%), Cheese (5.66%), Orange Juice (2.78%) and Coffee (4.49%)
•  Top commodity losers: Canola (-2.10%), Palm Oil (-2.13%), Rapeseed (-1.76%) and Silver (-1.53%)
The above data was collected around 16:04 EST.
BONDS:
Japan 1.0690% (+0.41bp), US 2’s 4.33% (+0.036%), US 10’s 4.4170% (+1.5bps); US 30’s 4.60% (+0.021%), Bunds 2.3520% (+1.45bp), France 3.104% (+2.45bp), Italy 3.5700% (+1.8bp), Turkey 28.23% (-22bp), Greece 3.200% (+2bp), Portugal 2.823% (+3bp); Spain 3.073% (+4.1bp) and UK Gilts 4.4740% (+3.39bp)
The above data was collected around 16:07 EST.

Zelensky 4 days Ago Wanted Peace – Message from Ukraine

November 20, 2024

Zelensky_Says_War_Will_End_Sooner_With Trump

 

COMMENT: Thank you for telling the truth. We are watching our country be destroyed, and Zelenskyy has suspended all elections, so we have no right to even vote on the future of our country. I do not believe his election was fair. My family is intermarried with Russians, as so many here. I was at Maidan when your McCain was pushing us for war. I don’t know what to do. We have no choice but to flee our country because Zelenskyy will destroy everything and sell it to Blackrock. I wish the world would listen to our plight. We were so happy when Trump won. We thought we would get peace at last. I do not know your neocon people or why they want war and we suffer the price.

DZ

 

REPLY: I am sorry for your future. You are correct. It is best to leave. The Western press and those brainwashed into hating Russians refuse to even look at the timeline of events. Yes, John McCain was there egging on war and promising America was with you. I can’t image if a Russian stood on the capital steps in Washington and said overthrow our government and Russia would be with us. But it is always different when the shoe is on the other foot.

2014 April 23 Anti Terrorist Operation

Victoria Nuland installed her hand-picked, unelected government and then instructed them to attack the Donbas to draw Russia into this war. They called it the anti-terrorist movement that had to be crushed, which was their cry for a right to vote and separate. That used to be called democracy, but that word is reserved only for their actions, not opposition.

Merkel_Minsk_Buy_Time_to Prepare for wart

That was the Minsk Agreement, and Chancellor Merkel admitted publicly that they negotiated in bad faith. Why would anyone ever again honor any agreement with the West when our leaders lie to us, the people, and to the world?

Zelensky_Pursue_Nuclear_Weapons_2 23 22

To get Putin to invade, the day before, Zelensky said he would rearm Ukraine with Nuclear weapons, and 2 days before that, Kamala Harris publicly stated that Ukraine should join NATO.

 

When I reported in the first few months, 100,000 Ukrainians had died, the anti-Russian propagandists claimed I was putting out Russian propaganda. I said my info came from Ukraine. When the head of the EU gave the same number of military deaths, Zelensky made her take it out, claiming it was classified.

Ukraine 1.1 Million Dead

The real number of deaths from UKRAINIAN sources is 1.1 million, I am told, and AGAIN, this comes from Ukraine – not Russia! In fact, a local TV news operation reported the real number, and Zelensky again made them take it down as he did with the head of the EU. They suddenly reported it was a typo. The Neocons are completely destroying Ukraine, and they have ZERO regard for Ukrainian lives as they will with Americans or Europeans.

 

I am sorry for your loss. The Western media has so brainwashed people into hating Russians that they are blind to the exploitation of the Ukrainian people by the Neocons who could care less about Ukraine. All they care about is killing Russians.

This is what we are all supposed to die for—their war games.

 

 

Putin Launches Mass-Production of Nuclear Shelters for his People

November 20, 2024

Russia mobile nuclear bomb shelters

Russia has begun mass production of mobile nuclear bunkers. This is in response to Ukraine’s use of Western US and British missiles to attack deep inside Russia to destroy its conventional capability so NATO can launch an invasion by March/April 2025.

nuclear_doctrine Putin 11 2024

This has coincided with Mr Putin’s change of Russia’s doctrine to lower the threshold for using nuclear weapons to include the use of conventional weapons by Ukraine. Russia’s defense ministry said Ukraine attacked an ammunition stockpile in the Bryansk region using missiles supplied by the US military’s MGM-140 Army Tactical Missile System (ATACMS).

Russia has also ordered the production of its mobile nuclear bunkers to protect citizens. They are shelters capable of protecting people from the light radiation of a nuclear explosion and radioactive contamination of the surrounding environment. These are known as “KUB-M” and will protect 54 people for 48 hours from the air shock wave and light radiation of a nuclear explosion; penetrating radiation and radioactive contamination of the area; high-explosive and fragmentation effects of conventional weapons; falling debris from building structures; dangerous chemicals; fires. Unlike traditional, stationary bunkers, mobile bunkers are built to be easily moved from one location to another, often on vehicles or trailers. They can be equipped with advanced shielding, air filtration systems, and other necessary survival equipment to withstand the harsh conditions of a nuclear event.

Zelenskyy Johnson

The Western press keeps putting out the Neocon and NATO propaganda that Russia will never fire a nuke and Ukraine can win the war. But this is all a smoke screen for NATO will invade Russia, and they are using Ukraine as our Hesbolla, the same as Iran is using Lebanon. Zelensky claimed he invaded Russia to force Putin to peace. But they had a peace deal. Boris Johnson ran to Kiev and instructed Zelensky he was not allowed to sign a peace deal, and now far more than 1 million Ukrainians have been killed so Europe can invade Russia.

 

 

Just as Robert McNamara said about Vietnam and the Weapons of Mass Destruction that did not exist in Iraq, what if these people are wrong AGAIN? There goes Europe! Not a single European leader cares about their own people.

Sleepwalking

Either the Ukrainian people rise up and take their country back, or Putin needs to nuke Kiev to show the world he is serious. Otherwise, we are sleepwalking into World War III. Our press will NEVER write a single word for peace. It is always Putin is bluffing. What if you are wrong again?

Meanwhile, the U.S. Embassy in Kiev was just shut down after Biden gave the go-ahead to use long-range missiles. Hm. If this was to win the war, then why flee Kiev? They know Putin will respond forcefully against Zelensky. Russians get nuclear bomb shelters, and we get Fake News – Don’t worry – he’s bluffing.

 

How to Stop Zelensky – NOW. Trump You Better Listen!!!!!

November 20, 2024

COMMENT: Hi Martin,

In an effort to put the brakes on the Ukraine escalation, perhaps Trump will announce that if the escalation doesn’t immediately stop, then Zelensky and others, such as those in the illegitimate Biden regime, will be tried for war crimes.

Regards,

FA in Arkansas

 

McNamara In Retrospect

 

REPLY: They should be charged with war crimes. It is the act of war itself that benefits NOBODY. The best a soldier can hope is to come home alive and intact. They get NOTHING from war. I lost most of my high school friends to Vietnam. McNamara admitted before he died that they were wrong back then as well. What did they die for? Strip clubs in Vietnam today?

What these people are doing is outrageous. Boris Johnson killed the peace deal, and now over 1 million Ukrainians have died for that. He and the rest are trying to beat Hitler’s death record for the Guinness Book of Records. Zelensky is also firing British Storm Shadow missiles into Russia. These people are desperate for World War III by December.

Trump & RFK had better come out and make it known, or we will see a major war into 2026. (1) inform Zelensky all money will be cut off, including for all his government employees and their pensions, (2) he will put a ban on any investment in Ukraine, and BlackRock will not be able to give him hundreds of billions to line his pockets for rebuilding, (2) pull all funding from NATO, (3) impose trade restrictions on any European nation that supports war against Russia and funds NATO.

digging_your_own_grave_anim_300_clr_17777

Otherwise, Europeans should not bother to buy a grave plot. Your leaders will all flee to Miami with Zelensky, and there may not be anyone left to bury your ass. This is nuclear war, not selective bombing, as in World War II. Hitler wants Europe, not destroy it. He stole art from everywhere, and he didn’t bomb Paris because he thought it was a pretty city. He left the monument standing like the Colosseum. With nukes – it’s all gone.

NATO is telling your weak leaders that Russia will never fire a nuke so they can use Ukraine to destroy Russia and then walk in and rob everything as the spoils of war. These Neocons have NEVER been one single person since World War II. As McNamara said – “We were wrong!” NATO does not give a second thought to what would happen if they were wrong. They are risking the lives of humanity for their personal hatred. NATO should be put on trial for war crimes.

 

 

It’s Worth a Shot?

November 20, 2024

2024_11_20_08_47_24_Martin_Armstrong_Economy_Nominees_For_the_People

Hello Marty,

I am sure you are aware you are on the website below?
Please let your viewers on your blog and  the WEC attendees to go on the above website and register and vote for various categories in the US government positions, especially for yours, as an economic advisor.. This  website is unique in the sense, people can vote for their favorite doctors, educators, policy makers and other significant categories.
I have on my desk a few letters going out to key people such as Trump, VP, Vance and Elon Musk regarding your federal income tax policy v tariffs concerns. I hope and pray they will look through these letters and reach out to you. It is worth a shot!
Take care.
Karen
REPLY: I’m not sure I would want an actual position, but perhaps it would put pressure on them to listen.

Biden Trying to Create Middle East War

November 20, 2024

Israel

The Neocons are doing everything in their power to undermine the incoming Trump Administration. Europe is quietly discussing invoking Article 5 under NATO to justify the USA sending troops. Biden will sign whatever they put in front of him. They are desperate to start World War III as soon as the first week of December. Regarding Israel, there too, the Neocons are desperate to escalate the war in the Middle East into a full-blown war engulfing everyone. At the United Nations, the Biden Neocons have slipped in a draft resolution at the United Nations Security Council calling for the IDF to completely withdraw from Gaza and for a ceasefire without also calling on Hamas and other terrorists in Gaza to release the 101 Israeli and foreign hostages they continue to hold.

Whatever they can do to create war and to TRAP Trump, they are doing right now. I cannot even write about some of the aspects taking place. All I can see, you will see. Free Speech no longer exists in the Biden Administration.

Europe Is Being Manipulated by the Neocons

November 20, 2024

2024_11_20_07_23_27_finnish_minister_warns_NATO_may_invoke_Article_5_over_cable_sabotage

Not one European leader represents their country or their population. They are all chanting war. The Finnish minister warns NATO may invoke Article 5 over cable sabotage of the telecommunications cable. Europe wants war, and NATO is brainwashing everyone that Putin wants to conquer Europe, so let’s conquer Russia first. NATO is the retirement home for Neocons. Fearing Trump, they are going all out to create war by December. Europeans had better move money out of Europe, for they would impose capital controls.

Punch

What NATO is doing is no different than punching you in the face first, insisting it was in self-defense because he knew you wanted to punch him first. This is NATO’s version of Self-Defense. The Neocons got Biden to let Ukraine use US weapons, and they did immediately. The Neocons are pushing every button to create war by December. This is their moment. This is what they have been dreaming of their entire lives.

Moscow signaled to the West that it was ready for a nuclear confrontation after Ukraine was permitted to attack Russian territory on the same day. Kiev takes its orders from the Neocons. Ukrainians I talk to regard Zelensky as a traitor, and they are not allowed to seek peace or decide the fate of their own country. Ukraine has been converted into the West’s version of Hezbolla, exploiting them as Iran does to Lebanon.

Euro Dec 2024

Zelensky appeared to waste little time after reportedly being given the go-ahead by Washington on Sunday to use U.S.-made ATACMS missiles against specific targets. Ukrainian news outlets reported early Tuesday that the missiles had been used to attack a Russian military facility in the Bryansk border region.

 

Economist Russia takes Europe

Putin has been there since the end of 1999. He has had plenty of time to invade Europe and has not. That is the BS of the communist days led by Khrushchev, who even the Russians overthrew for his aggressive antics that included putting missiles into Cuba.

Not a single European leader gives two shits about their people or their country. Not a single one will dare to even try to negotiate. They will be the destruction of Europe this time – as they say

3rd time is the charm.

 

Pentagon Missing $824 Billion

November 20, 2024

Pentagon

The Pentagon, funded by you—the taxpayer—has truthfully NEVER passed an audit. Washington uses the Pentagon and Department of Defense as perhaps its favorite money laundering tool. Countless funds and supplies vanish year after year, and no one is ever investigated or punished. The corruption is blatantly in our faces. The most recent gimmick of an audit revealed that the Pentagon is unable to account for an astounding $824 billion missing from its budget. This is the seventh consecutive time that the Department of Defense has at least admitted that the agency “misplaced” hundreds of billions of dollars. Where are the funds?

There are twenty-eight separate reporting agencies, also funded by the taxpayer. Fifteen of those agencies received disclaimers, nine received an unmodified audit opinion, and one received a qualified opinion, while the remaining three agencies have pending opinions. Last November, the Pentagon funneled about $187 million to the public sector to conduct these dishonorable audits. The corruption never ends. They knew ahead of the audits that the agency would not come close to passing. There is zero remorse.

The DoD has no concern for their failed audit as they have never felt repercussions for failing one. Michael McCord, Under Secretary of Defense (Comptroller) and Chief Financial Officer, dared to say that he wouldn’t necessarily call $824 billion in missing funds a “failed audit.” McCord also said not to worry since the Pentagon should be able to alter its audits to pass by 2028. The government can misuse our funds, but we’d be imprisoned for failing to give them their money through taxation.

“So if someone had a report card that is half good and half not good, I don’t know that you call the student or the report card a failure,” McCord said. Actually, that student would be held back and forced to complete the requirements for his or her grade level. Could you steal the money from someone’s wallet and call it an act of kindness for returning the change? This severely indebted nation provided the $824 billion to this slush fund of a department. Where is our money? Why has this agency never been held accountable? I presume the pockets run deep and the number of players involved would smear a portion of the establishment domestically and internationally.

SEC World Trade Center WTC7

Do not forget that when a whistleblower admitted the Pentagon has $2.3 trillion in unaccounted funds, a few major buildings in New York fell and started a contagion of events. The agency has never explained the whereabouts of those funds nor has it explained the trillions that have gone missing since then. The WTC7 demolition on 9/11 destroyed the room where the Pentagon audit was taking place and also happened to be the location of my computer system. I received an explanation from the SEC that everything had simply been destroyed and no further questions were permitted.

I do hope that Donald Trump’s administration drains the swamp and holds EVERY federally funded department accountable for passing audits. This is truly a disgrace and a slap in the face to Americans who have been funding government mismanagement for generations.

Bernie Wants to Collaborate with Trump?

November 20, 2024

Sanders Bernie 1

Bernie Sanders chastised his own party for abandoning working-class Americans following Kamala’s defeat. Perhaps this is why Sanders is now open to reaching across the aisle and collaborating with the Trump Administration. Such an act would have been unfathomable to the Democratic Party mere weeks ago. The GOP was to be hated and demonized. Nothing positive could come of a Trump presidency as we would certainly all be living under a ruthless dictatorship. I may not agree with Bernie Sanders but I do admit he is consistent.

“Will the big money interests and well-paid consultants who control the Democratic Party learn any real lessons from this disastrous campaign? Will they understand the pain and political alienation that tens of millions of Americans are experiencing? Do they have any ideas as to how we can take on the increasingly powerful Oligarchy which has so much economic and political power? Probably not,” Sanders said.

Sanders is willing to work with Donald Trump to regulate banks by restricting credit card interest rates to 10%. “If Trump, for example, follows through on his proposal to limit interest rates on credit cards to 10%, which is what he campaigned on, absolutely I will be there,” Sanders said. Current APY exceeds 20% and often 30%. Trump proposed a temporary cap as people are working to recover financially.

CreditCardDebt.Chart_

CreditCardDebtMAY2023

Credit card interest rates have not been beneath 10% since the early 90s. Consumer debt has never been higher and countless households have fallen into a snowball situation where they simply accumulate more debt in a failed attempt to pay off the old. Donald Trump has offered the most extreme solution presented by a politician thus far – capping credit card interest fees at 10%.

Bernie Sanders once proposed a 15% cap to the shock of many. Biden attempted to implement an $8 cap on late fees alone but was prevented from doing so. Banks have continued raising their fees and interest rates as more households fall behind.

Credit card debt has never been higher, with over $1.14 trillion in debt as of Q2 of 2024, a $27 billion increase from Q1. Around 37% of credit card holders in the US admit to maxing out a credit card or coming close to doing so since the beginning of 2022. No one will profit if consumers default on their personal debts and they are sent to collectors never to be paid. This solution could give households adequate time to adjust their personal finance strategies.

Banks are naturally against this cap. Those in disagreement believe banks will be reluctant to lend and tighten their requirements. To some extent, that may not be a negative. Living within your means has completely changed under Bidenomics and the average household is still adjusting to inflation as the price on necessities have not gone down overall in a meaningful way.

Bernie Sanders’s willingness to work with Donald Trump is quite shocking. No one from the left would have given Trump the time of day a few weeks ago. This is how you get things done in Washington. Find a way to help the people and put petty politics aside. Bipartisanship is a winning ticket for both parties here and sets a positive tone for our divided nation.

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