Market Talk – October 25, 2024

October 25, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 229.37 points or -0.60% to 37,913.92
• Shanghai increased 19.44 points or 0.59% to 3,299.70
• Hang Seng increased 100.53 points or 0.49% to 20,590.15
• ASX 200 increased 5.00 points or 0.06% to 8,211.30
• SENSEX decreased 662.87 points or -0.83% to 79,402.29
• Nifty50 decreased 218.60 points or -0.90% to 24,180.80
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00259 or -0.39% to 0.66087
• NZDUSD decreased 0.00265 or -0.44% to 0.59811
• USDJPY increased 0.457 or 0.30% to 152.256
• USDCNY increased 0.00721 or 0.10% to 7.13272
The above data was collected around 13:10 EST.
Precious Metals:
•  Gold increased 6.4 USD/t oz. or 0.23% to 2,740.20
•  Silver decreased 0.002 USD/t. oz. or -0.01% to 33.665
The above data was collected around 13:15 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
•  CAC 40 decreased 5.74 points or -0.08% to 7,497.54
•  FTSE 100 decreased 20.54 points or -0.25% to 8,248.84
•  DAX 30 increased 20.59 points or 0.11% to 19,463.59
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00216 or -0.20% to 1.08022
• GBPUSD decreased 0.00001 or 0.00% to 1.29715
• USDCHF increased 0.00034 or 0.04% to 0.86626
The above data was collected around 13:24 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 259.96 points or -0.61% to 42,114.4
  • S&P 500 declined 1.74 points or -0.03% to 5,808.12
  • Nasdaq advanced 103.12 points or 0.56% to 18,518.61
  • Russell 2000 declined 10.58 points or -0.48% to 2,208.34

 

Canada Market Closings:

  • TSX Composite declined 88.07 points or -0.36% to 24,463.48
  • TSX 60 declined 5.29 points or -0.36% to 1,462.95

 

Brazil Market Closing:

  • Bovespa declined 111.44 points or -0.09% to 129,955.51
ENERGY:
The oil markets had a green day today:
•  Crude Oil increased 1.497 USD/BBL or 2.13% to 71.687
•  Brent increased 1.533 USD/BBL or 2.06% to 75.913
•  Natural gas increased 0.0122 USD/MMBtu or 0.48% to 2.5342
•  Gasoline increased 0.0436 USD/GAL or 2.15% to 2.0742
•  Heating oil increased 0.0302 USD/GAL or 1.37% to 2.2412
The above data was collected around 13:30 EST.
•  Top commodity gainers: Gasoline (2.15%), Cheese (13.71%), Orange Juice (3.79%) and Palladium (3.20%)
•  Top commodity losers: Wheat (-2.37%), Corn (-1.50%), Lead (-1.37%) and Zinc (-2.54%)
The above data was collected around 13:45 EST.
BONDS:
Japan 0.9520% (-0.58bp), US 2’s 4.09% (-0.005%), US 10’s 4.2210% (+0.4bps); US 30’s 4.49% (+0.015%), Bunds 2.2930% (+3.6bp), France 3.045% (+5.8bp), Italy 3.5080% (+3.8bp), Turkey 30.220% (+204bp), Greece 3.167% (+3bp), Portugal 2.741% (+5.5bp); Spain 3.004% (+5.6bp) and UK Gilts 4.2390% (-0.62bp)
The above data was collected around 13:51 EST.

Ukraine Blocked from Joining NATO

October 25, 2024

NATO 7 2023 Zelensky

Zelensky cried earlier in the week that he needed a “security umbrella” from NATO, since the alliance had deemed Ukraine too corrupt to join before and after the war began. Every day these world leaders put us on the brink of World War III with no regard for their actions. In the most recent vote, seven NATO members once again prevented Ukraine from joining.

The United States and Germany voted no. German Chancellor Olaf Scholz said that more thought would be required to permit Ukraine to join the alliance, and that the support of the United States was crucial. Joe Biden has previously stated he would not support membership amid the ongoing war as doing so would invoke Article V and immediately lead to World War III. Biden has said that he supports a “rational path” for Ukraine’s membership in the future. The neocons are strategically holding off for now.

Hungary and Slovakia are simply not eager to go to war with Russia. Slovak Prime Minister Robert Fico said permitting entry “would be a good basis for a third world war.” “As long as I am Prime Minister of the Slovak Republic, I will ensure that the MPs under my political control, as the chairman of the [ruling] party, never agree to Ukraine’s NATO membership,” he stated.

Orban of Hungary also would like to see diplomatic solutions over escalated warfare. “We do not approve of this, nor do we want to participate in financial or arms support (for Ukraine), even within the framework of NATO,” Orban stated, also urging the alliance to seek out normal relations with Russia when the war ends. Orban is looking to redefine Hungary’s role in NATO entirely and has recently toyed with the idea of an “opt-out” status since his nation has personal issues with Ukraine over energy.

Estonia, Latvia, Lithuania, and Poland have expressed their support. “Countries like Belgium, Slovenia, or Spain are hiding behind the US and Germany. They are reluctant,” said one of the NATO officials. Europe is in deep trouble if the NATO alliance dissolves. They have been attempting to cohesively build a defense system but as we saw with the creation of the European Union it is impossible for every nation to agree, hence why they install unelected officials to call the shots.

North Korean Troops in Russia – Now What?

October 25, 2024

Kim Watching Markets

Geopolitics is in upheaval ever since it was revealed that Kim Jong-Un sent an undisclosed number of troops to Russia. Various politicians and military leaders are demanding that the troops vacate the war zone, but Kim Jong-Un will not admit that he has sent troops. The Neocons are now looking at this issue as a way to fan the flames of war.

Defense Secretary Lloyd Austin confirmed the rumors earlier in the week, but initially said that the DoD did not fully understand what the troops were doing in Russia but noted that their presence will “impact things in the Indo-Pacific as well.” “This is an indication that he may be even in more trouble than most people realize,” Austin said of Putin.

US National Security Council spokesman John Kirby called the move “dramatic” and said that the White House has briefed Ukraine on the matter. “If they do deploy to fight against Ukraine, they’re fair game,” he said. “They’re fair targets and the Ukrainian military will defend themselves against North Korean soldiers the same way they’re defending themselves against Russian soldiers.” Kirby said that the White House will release their plans in the coming days.

The people are keen to learn whether nations will begin openly deploying troops to Ukraine. House Intelligence Committee Chair Mike Turner (R-Ohio) stated that the US must take “direct military action.” Turner declared that the Biden-Harris Administration “must make clear that North Korean troops entering this conflict are a red line for the United States.” Admittedly, Turner said that intelligence agencies do not know whether these troops are on the battlefield or preparing for battle. If the US does not offer manpower, Turner and other neocons strongly believe that Ukraine should have access to deadlier weapons. “I have long challenged the Biden-Harris Administration’s unwise position on restricting Ukraine’s use of U.S. weapons against targets within Russian territory,” Turner said in his statement. “If North Korean troops attack Ukraine from Russian territory, Ukraine should be permitted to use American weapons to respond.”

South Korea is enraged that North Korean troops are training alongside Russian soldiers. President Yoon Suk Yeol called their presence a “provocation that jeopardizes the security of the Korean peninsula.” So now this is a matter of national security for South Korea. Vice Foreign Minister Kim Hong-kyun supported the claims by stating Seoul is ready to “respond using all available measures.”

5 6 24 Germany to_deploy_35_000_troops

At the time of this writing, it remains unclear whether North Korean troops are actually on the battlefield. The West has sent troops to train Ukrainian forces and what Putin has done is no different from Zelensky’s measures. Countless Ukrainian allies have offered to send troops and they are already stationed at the border. Moscow denies that anything further than training is commencing. “We do not yet know whether these soldiers will enter into combat alongside the Russian military, but this is certainly a highly concerning probability,” a Kremlin spokesperson said.

South Korea believes its national security is at risk and it WILL take measures to expel North Korean troops. Everyone is awaiting on the US, the top dog in NATO, to respond with next steps but the neocons in Washington are eager for their false flag to enter the war – and what perfect timing to do so right before the presidential election.

Gates for Harris

October 25, 2024

Gates 3

Bill Gates has come out to offer his endless support to Kamala Harris, providing her campaign with $50 million. The same news agencies praising Gates for supporting Harris have condemned the likes of Elon Musk for supporting Donald Trump. Gates has been CIVILLY CHARGED in the Netherlands and is perhaps buying favor with the DOJ. If he refuses to show up to testify or be deposed, he could be charged with contempt in the Netherlands, and it would be up to the DOJ if they extradite him or not. Tim Walz even accused Musk of attempting to “buy” the election, but now it’s (D) different.

Musk’s $75 million investment into a GOP super PAC made headlines as most billionaires vote blue. Yes, the same party that touts it must hunt down the rich happen to be supported by the same people. No one has significantly risen taxes on the billionaire elite class. All of those promises and talks of “fair share” are utter propaganda.

The New York Times stated that Bill Gates is primarily concerned about Trump’s global health programs. Gates, who has been in cahoots with foreign labs, creating new vaccines, buying up farmland, and investing in alternative food sources is concerned about global health. Get real. Everyone is acting on the invisible hand in their best interest.

Jamie Dimon, CEO of JPMorgan Chase, has offered Kamala his full support. He has a lot riding on the Ukrainian Reconstruction Fund with Blackrock. There are talks of Dimon becoming a Treasury secretary under Harris as well.

Former Dallas Mavericks owner Mark Cuban has been insufferable in his demonization of Trump. “Elon, there will come a time when you need something from Donald Trump. You will think you will have earned the right to ask and receive. You have been a loyal, faithful soldier for him. You have supported him politically with 10s of millions of dollars. Then, at the point you need him the most, you will find out what so many before you have learned, his loyalty is only to himself,” Cuban wrote online.

Gates Health Monopoly

“I think part of why Kamala’s getting so much support is that if Trump wins, that Epstein client list is gonna become public,” Musk said. “And some of those billionaires behind Kamala are terrified of that outcome.” Musk firmly believes LinkedIn founder Reid Hoffman and Bill Gates are on Epstein’s client list. Yet, the motive is far deeper as the billionaire elites have backed the Democratic Party for quite a long time.

Tech billionaires Reed Hastings, Sheryl Sandberg, Dustin Moskovitz, Ron Conway, Vinod Khosla, and Ron Conway all support Kamala Haris. We know Mike Bloomberg despises Trump and has already pledged $19 million to the Harris-Walz campaign. Laurene Powell Jobs, Sam Altman, and David Ellison have also donated to Haris. Of course we cannot forget the Soros family. Over 76 billionaires currently support Kamala Harris over Donald Trump. One must ask – WHY? Gates has a very clear and sinister motive that no one wants to see carried out. Truly astonishing that the Democrats still position themselves as the class of the working man (or genderless taxpayer).

Voter Turnout for 2024

October 25, 2024

VoterTurnout Y Chart 2024

QUESTION: Marty, At last year’s WEC, you said voter turnout should rise above perhaps 63% of 2020. Do you have any projects on this?

I can’t wait for this year’s WEC

Paul

VoterTurnout Y 2024

ANSWER: There is a shot for the breakout here in 2024. It could reach 68%, above FDR and the Great Depression. Of course, I cannot say how much of that is because of the illegal aliens who the Democrats are fighting to get registered everywhere. The more they do, the more we could get a spike into the 70% level, which will clearly be manipulated.

Tearing_Up_the_Constitution

Tearing_Up_the_Constitution Index

 

 

 

 

 

 

 

 

 

 

 

 

 

Tearing_Up_the_Constitution Raskin

I will hand out a special report, The Crisis in Democracy, on redesigning government. Do these people think they can just win and oppress the rest of the country and survive? This is not what civilization is about. If we all do not benefit, there is no point in remaining the ” United States.” These people are Tearing Up the Constitution and have no long-term comprehension that this is how every Republic has died—by suicide.

This report will soon be available in the portal for download by those attending.
This is very disturbing for the Democrats, who are preparing even to deny swearing in Trump.

The computer is still projecting that this will probably be the last election. The country is way too divided to survive, and the Democrats will not accept this election. The FIRST QUARTER looks like a living hell next year based on the arrays. So, we will have a lot to review at this year’s WEC.

 

 

Market Talk – October 24, 2024

October 24, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 38.43 points or 0.10% to 38,143.29
• Shanghai decreased 22.54 points or -0.68% to 3,280.26
• Hang Seng decreased 270.53 points or -1.30% to 20,489.62
• ASX 200 decreased 9.70 points or -0.12% to 8,206.30
• SENSEX decreased 16.82 points or -0.02% to 80,065.16
• Nifty50 decreased 36.10 points or -0.15% to 24,399.40
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00048 or 0.07% to 0.66391
• NZDUSD increased 0.00096 or 0.16% to 0.60149
• USDJPY decreased 1.059 or -0.69% to 151.715
• USDCNY decreased 0.01047 or -0.15% to 7.12514
The above data was collected around 13:16 EST.
Precious Metals:
•  Gold increased 14.54 USD/t oz. or 0.53% to 2,735.87
•  Silver decreased 0.172 USD/t. oz. or -0.51% to 33.648
The above data was collected around 13:30 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
•  CAC 40 increased 5.80 points or 0.08% to 7,503.28
•  FTSE 100 increased 10.74 points or 0.13% to 8,269.38
•  DAX 30 increased 65.38 points or 0.34% to 19,443.00
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00431 or 0.40% to 1.08234
• GBPUSD increased 0.00613 or 0.47% to 1.29766
• USDCHF decreased 0.00154 or -0.18% to 0.86523
The above data was collected around 13:37 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 140.59 points or -0.33% to 42,374.36
  • S&P 500 advanced 12.44 points or 0.21% to 5,809.86
  • Nasdaq advanced 138.83 points or 0.76% to 18,415.49
  • Russell 2000 advanced 5.08 points or 0.23% to 2,218.92

 

Canada Market Closings:

  • TSX Composite declined 22.07 points or -0.09% to 24,551.55
  • TSX 60 declined 3.08 points or -0.21% to 1,468.24

 

Brazil Market Closing:

  • Bovespa advanced 794.42 points or 0.6% to 130,027.53

ENERGY:

The oil markets had a mixed day today:
•  Crude Oil decreased 0.686 USD/BBL or -0.97% to 70.084
•  Brent decreased 0.642 USD/BBL or -0.86% to 74.318
•  Natural gas increased 0.1313 USD/MMBtu or 5.61% to 2.4733
•  Gasoline decreased 0.0232 USD/GAL or -1.13% to 2.0257
•  Heating oil decreased 0.0299 USD/GAL or -1.34% to 2.1994
The above data was collected around 13:40 EST.
•  Top commodity gainers: Palm Oil (2.76%), Natural Gas (5.61%), Orange Juice (1.42%) and Palladium (7.61%)
•  Top commodity losers: Lean Hogs (-1.96%), Coffee (-2.88%), Cocoa (-3.45%) and Heating Oil (-1.34%)
The above data was collected around 13:45 EST.
BONDS:
Japan 0.9580% (-2.07bp), US 2’s 4.45% (-0.078%), US 10’s 4.1890% (-5.4bps); US 30’s 4.06% (-0.036%), Bunds 2.2535% (-5.95bp), France 2.989% (-4.7bp), Italy 3.4690% (-5.5bp), Turkey 30.215% (+211.5bp), Greece 3.10% (-8.8bp), Portugal 2.673% (-6.5bp); Spain 2.939% (-6.1bp) and UK Gilts 4.2450% (+3.78bp)
The above data was collected around 13:54 EST.

Yellen Says Taxpayers Can Cover the US Deficit

October 24, 2024

KarlMarxTaxesTaxation

I reported how the US deficit reached the third-highest on record after surpassing $1.83 trillion. Instead of questioning why the deficit rose 8% in a single year, the government believes that the taxpayers should simply pay MORE into the failing system. Treasury Secretary Janet Yellen declared that she is not concerned about the widening deficit. Why? The Internal Revenue Service will hunt down citizens to close the gap.

Yellen said that IRS agents plan to collect $2 trillion in unpaid taxes, surpassing the measly deficit. I do believe some think that statements like this mean the government is going to hunt down major corporations and billionaires. That would not be ethical either, but records show that the main group audited last year was the middle class. This way of thinking is extremely dangerous. The US government is desperate for funds and they MUST shake down their citizens to recover what they can. It’s a canon event in the rise and fall of civilizations – soaring taxes are a guarantee when dealing with the eventually fall of a nation.

Franklin Taxes

“By making sure that we stay on a sound fiscal path and that does require deficit reduction over the coming years,” Yellen said. “I believe it’s very important that we remain focused on keeping the real net interest cost of the debt near historic levels and certainly under 2%.” Yellen praised the Biden-Harris regime for “giving the Internal Revenue Service the resources that they need to close what is estimated over the next decade to be a $7 trillion tax gap.”

The Inflation Reduction Act was never intended to reduce inflation or HELP Americans. Yellen said earlier that the act was passed to push forth climate change iniatives which are all a ploy to collect more taxes and control the global population. IRS Commissioner Danny Werfel praised the Inflation Reduction Act for giving the IRS the ability to hunt absolutely everyone. “With the help of Inflation Reduction Act funding, we are adding focus and resources to areas of compliance concern, including high-income and high-wealth individuals, partnerships and corporations,” Werfel said.

They call it underpayment. Even if you pay your taxes, they will punish you for paying too much or not enough. Either way, the IRS can successful extort money from any American. The Treasury declared that they “recovered” $1.3 billion in taxes last year rom the “wealthy.”

Yellen tax on Unrealized Gains

Last year, billionaire class was not targeted, as 80% of all audits were on filers earning under $1 million. Yes, there are far more taxpayers in the middle and lower brackets. However, the IRS merely claimed they would prioritize hunting higher earners; they never explicitly said they wouldn’t come after ALL Americans.

The entire hunt for taxation has been a war on the middle class, who is unable to file massive write-offs and cannot afford to continue paying Uncle Sam on every incoming and outgoing transaction, plus savings, income, and everything else from birth to death. Washington effectively lowered our purchasing power by fueling inflation through absurd fiscal and social policies, and now they are asking people to give them even more of whatever money that remains. Washington continues to spend taxpayer funds on initiatives that the people have never once voted on.

It will become far easier for governments to extort the people when they introduce CBDC. Uncle Sam will think you have hidden any cash on hand from him, cash that belongs to him, once they force us to digitize our dollars. They are also thinking of new ways to shake down the public. A tax on un-realized gains would destroy absolutely everyone. It is completely absurd that those in power believe the people could cover their spending. No one stops to take accountability. There are simply NO mirrors in Washington. Inflation will continue to rise above GDP and we will enter a period of stagflation. This is why I have warned countless times that private and tangible assets are a safer bet compared to cash as we move into 2028.

New Tax Brackets for 2025 – Last Year of Trump Tax Cuts

October 24, 2024

IRS building

The Internal Revenue Service (IRS) released new tax bracket information for 2025. Most tax thresholds increased by 2.8% compared to 2024. The report, released ahead of the election, claims these changes will prevent “bracket creep” where inflation propels taxpayers into higher brackets. However, the tax breaks imposed under former President Donald Trump come to an end after 2025 if no action is taken and this could be the lowest tax season for many years to come.

The bottom 10% level now applies to those earning up to $11,925 for single filers and $23,850 for married couples filing jointly. The top 37% rate covers incomes over $626,350 for single filers and $751,600 for married couples filing jointly. The standard deduction has risen to $15,000 for single filers, up from $14,600 in 2024, while married couples can claim $30,000, up from $29,200.

The 2.8% modification for 2025 is less than the inflation adjustments made in recent years when we saw an adjustment of 5.4% in 2024 and 7.1% for 2023.

Now, the Tax Cuts and Jobs Act (TCJA) of 2017 enacted by Trump will expire next year if Congress fails to take action. If this legislation expires, we will revert to pre-2017 tax levels. The media highlights that the dreaded rich would be forced back into a 39.6% tax bracket compared to the 37% they now pay, but everyone could see a sharp rise in the money they owe Uncle Sam.

The state and local tax (SALT) deduction would also expire. This program currently places a $10,000 cap on state and local tax deductions. State and local governments would have the ability to raise taxes if this is repealed. Some agencies estimate reversing this measure would up federal revenues by $1.1 trillion over the next decade – they’re eager to destroy this provision.

A reversal of TCJA would bring standard deductions down to $16,525 for joint filers and the personal exemption rate would be $5,272. Small businesses were awarded a 0% deduction under TCJA for S-corporations, sole proprietorships, and partnerships. Twenty percent is significant for small businesses that are largely struggling to stay afloat in this economy.

Trump’s tax plan actually increased the child tax credit, doubling it from $1,000 to $2,000 not adjusted for inflation. Brookings Institute believes that repealing this measure would make the real value of this credit 25% lower than 2017 due to inflation.

Estate tax exemptions doubled under Trump’s tax plan. If this measure dies the exemption will be about $14.3 million for married couples and $7 million for individuals.

The government will become more totalitarian as it sees costs rise significantly in the face of war. Per usual, the people of the United States will be expected to foot the bill. The last revolution began through taxation. It is a matter of time before we see how the next one begins.


Marginal tax brackets for tax year 2025

Single filers

 

Taxable income Tax rate
$11,925 or less 10%
$11,926 to $48,475 $1,192.50
Plus 12% of amount over $11,925
$48,476 to $103,350 $5,578.50
Plus 22% of amount over $48,475
$103,351 to $197,300 $17,651
Plus 24% of amount over $103,350
$197,301 to $250,525 $40,199
Plus 32% of amount over $197,300
$250,526 to $626,350 $57,231
Plus 35% of amount over $250,525
$626,351 and above $188,769.75
Plus 37% of amount over $626,350

Source: IRS

 

Marginal tax brackets for tax year 2025

Married filing jointly

The table shows the income brackets for married couples filing jointly for the 2025 tax year.

Taxable income Tax rate
$23,850 or less 10%
$394,601 to $501,050 $80,398
Plus 32% of amount over $394,600
$206,701 to $394,600 $35,302
Plus 24% of amount over $206,700
$751,601 and above $202,154.50
Plus 37% of amount over $751,600
$23,851 to $96,950 $2,385
Plus 12% of amount over $23,850
$501,051 to $751,600 $114,462
Plus 35% of amount over $501,050
$96,951 to $206,700 $11,157
Plus 22% of amount over $96,950
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