All our indications from behind the curtain are suggesting that there are many within the “intelligence” sector and “law enforcement” sector who are deeply troubled with the Clintons. They are trying to release documents and info to stop the Clinton Inc. Machine. That’s all we can say on this topic right now. Suffice it to say, there is a real internal battle going on in Washington.
The rumor running around Washington is that Hillary will betray Wall Street and hand over the reigns of power to Elizabeth Warren, who has been supporting Hillary. Of course, the position of Secretary of the Treasury will go to Larry Fink of BlackRock. Talk about polar opposites. Of course, unleashing Elizabeth Warren on Wall Street will certainly solidify the shift in capital formation to Asia.
The FBI has released the first batch of Freedom Of Information Act (FOIA) on Bill Clinton’s pardon of Marc Rich, another pardon for money deal. I have previously wrote that there was a kid in prison at Fort Dix who received a pardon from Bill Clinton and was bragging how his father bought it for $250,000. Everything the Clinton’s have done is always for money. They have been for sale for decades.
In today’s Wikileaks release of Podesta emails are legally the final nail in Hillary’s coffin and this is clearly something ANYBODY else would be criminally prosecuted. An email on March 2, 2015 shows an exchange between John Podesta and Clinton lawyer/aide Cheryl Mills saying bluntly: “On another matter….and not to sound like Lanny, but we are going to have to dump all those emails.” Of course the Democratic take is to say he really meant to “dump” all the emails to the public. But Hillary still deleted half, so if that is what he meant, well it still did not happen.
This is the very day that the New York Times broke the story “Hillary Clinton Used Personal Email Account at State Dept., Possibly Breaking Rules” – March 2nd, 2015. It is not likely that Podesta suggested they “dump” all emails to the public. The Clintons are not known for such transparency. Here we have clear evidence of obstruction of justice, which is a felony they charged Franck Quattrone for and put Martha Stewart in prison. This is just days before Hillary’s press conference addressing this revelation that she had a personal email account, and server, in her home. It now is known that Huma Abedin also had an email account on that server.
Here we have Podesta saying the emails must be dumped on March 2nd just two days before the House Select Committee on Benghazi sent Hillary Clinton a document retention subpoena on March 4th.
Mills’ response to Podesta: “Think you just got your new nick name.”
Frank Quattrone was indicted by a federal grand jury on criminal charges of obstruction of justice for a SINGLE email that read “clean up those files“ in December 2000. If such charges are good enough for the private sector, then why are they not for those in the public sector? Oh sorry. That’s right. They are America’s First Family! I forgot. My bad! That’s God, country, apple pie, and his & her bimbos with his and her private jets for charity of course at taxpayer expense.
Asian markets went from strength to strength today after a disappointing opening. The Nikkei initially saw selling pushing the index down over 100 points but turned on data and a no-change BOJ announcement. Exporters have been hit recently having seen the JPY dismiss the 105 handle and especially as we see the currency play with a 103 handle in late US trading. The Shanghai and Hang Seng indices found renewed vigor after the PMI came in at 51.2 against an expected 50.3 with the Non-Manufacturing also releasing better than expected. Shanghai closed up +0.7% with the HSI closing up +0.9%. RBA left rates unchanged also which supported the A$ despite it giving back a little of that in late US trading this evening.
As the European trading day progressed, stocks traded heavier and heavier. The DAX led the way with IT shares under heavy selling but also with Deutsche Bank trading down over 3%. The Euro did see some renewed bounce rallying almost 1% which was one reason traders were thinking was a possible balance given recent swings. What was interesting is that although the DAX and IBEX closed 1.3% lower and the CAC was off 0.9% there was no movement into government bonds as many had expected.
This evening we saw the US markets under pressure as nerves continue surrounding the election but also news that Trump may be leading in key states. The VIX also saw a pick-up as the DOW was off over 200 points when it traded close to 20. Treasuries are still trading heavy with very little support given the recent sell-off in bond prices. This sell-off comes when earnings have been beating expectations signals uncertainty but is finally starting to price in the likelihood of a Trump victory, traders commented. The DOW, NASDAQ and S+P are closing down around 0.7% on the day.
After a weak trading day for Treasuries US bonds eventually closed almost unchanged on the day. 2’s closed 0.84% with 10’s at 1.83% (closing 2/10 curve at +99bp). Europe was less supported with 10yr Bunds closing 0.18% which closes the US/Germany 10yr spread at +165bp. Italy closed 1.75% (+8bp), Greece 7.95% (-15bp), Turkey 9.89% (+8bp) Currency was also weak today falling 0.7%; Portugal 10yr closed 3.32% (+4bp) and UK Gilt 10’s at 1.28% (+3bp).
Crude rallied during October reaching the $52 level. Yet for the close, it crashed and burned on the last day to AVOID a buy signal at $49.35 level. We bounced off the first Downtrend Line, which now stands at $51.86 for November. This is what I mean about the hidden order within markets. This has NOTHING to do with me making a great call or some personal opinion to pound my chest. There is something much more significant taking place in market activity. This is what our model simply allows you to see. The numbers are the numbers. It has nothing to do with me being personally right or wrong. The numbers will continue to be generated long after I am gone.
This is all about becoming a STUDENT of the markets. Getting back to our roots as true analysts to observe and ponder. Not to force something to fit a predetermined conclusion because that is what we would personally like to see. From Comey coming out on the exact day of the ECM to announce reopening the investigation against Hillary all the way to our computer forecasting decades in advance that 2016 would be the biggest spike in third party (anti-establishment) voting and having Donald Trump show up on time is all rather amazing to me. It has been my privilege to have bumped into this hidden order in the middle of the night. I never presumed such order existed. This order found me to reveal itself rather than me trying to prove there was some order I could not see. It happens to be a discovery of something extraordinary that connects and binds all of us together reflected through the price movement of markets, which is the product of human interaction on a global scale.
NOTHING, absolutely NOTHING, takes place without a reason. The failure of oil to have elected that Monthly Bullish Reversal yesterday just as gold could not elect $1362 on a monthly basis and then crashed and burned to avoid the Quarterly Bullish Reversal in the $1340 zone, are subtle reminders that there is hidden order, which defeats the rhetoric of everyone.
The Wikileaks email dump shows how corrupt the Clintons truly are. The headline for the Hill:
The degree of corruption is beyond belief. I knew a guy in prison who was released because his father paid $250,000 to the Clintons for a pardon. Everything has been for sale right down to playing golf with Bill. You really have to wonder what is going on in Washington when the Democrats back Hillary despite fully know all the conflicts of interest and scams. I suppose this just confirmed our model that said 2015.75 was the peak in government, and ever since, it’s just been let it all hang out, the people are stupid and will cheer her anyway. This whole thing is just disgusting.
An audio tape has surfaced of Hillary saying the U.S. should have rigged a Palestinian election to “determine who was going to win.” Just amazing.
COMMENT: Mr. Armstrong; I thought the Bundy thing was a stretch. The Comey incident blew me away. Putin invaded the very day of the ECM last year. There are way too may events right to the day and you can calculate this out and see why you even had the day of the 1987 Crash. My hat is off to you for your discovery.
BH
REPLY: I understand that many people do not appreciate how important the Bundy acquittal really was. Yes, the Comey announcement on the very day of the ECM was impressive; it even impressed me, which proves this has nothing to do with my personal opinion. But do not underestimate the acquittal. This is the FIRST time in more than 200 years that a jury has rejected the government. The jury did what Comey did with Hillary: they closed their eyes and ears and said NO! Up to now, when the government charged someone, it was PRESUMED that they were guilty. This is a very significant event for it is shows that there is an underlying anti-establishment trend bubbling up and that too is what Trump and BREXIT are all about.
