Sunday, October 2, 2016

September Publication of the Daily Chronology of Global Markets and World Economics 2016-09 is Available from Amazon; WFC (Wells Fargo) Scandal; DB (Deutsche Bank) Crashes Creating Contagion; "Rosengren Selloff"; "Clinton Rally" After First Debate; G-20 Summit; OPEC Oil Production Cut; Record Stock Market Highs

The September publication of the Daily Chronology of Global Markets and World Economics 2016-09 is available through Amazon (AMZN). The epic market action continues.

September's Cover Highlights;
Record Highs COMPQ 5340, NDX 4896, AMZN (Amazon) 840
RUT Record 2016 High at 1263
WFC (Wells Fargo) Scandal
DB (Deutsche Bank) Crashes Creating Contagion
"Rosengren Selloff"
"Clinton Rally" after First Debate
G-20 Summit
OPEC Oil Production Cut

The stock market prints new record highs in September comparable to the August highs. WFC lays an egg firing over 5,000 employees for creating false accounts while the management keeps their jobs and lucrative salaries. DB is the 900-pound gorilla on the trading floor this month. Deutsche Bank is in collapse creating fear that the 2007-2009 financial crisis will be repeated beginning with a failure at the troubled German lender. However, Deutsche Bank does not appear to be in a liquidity crisis like Lehman Brothers in late 2008 and instead requires recapitalization to get through the next nine to 12 months. The key is who supplies that funding backstop especially when Chancellor Merkel places her foot in her mouth and says she will not bailout Deutsche. The drama continues.

Fed's Rosengren, typically a dove, flaps hawkish wings causing a stock market selloff. The first presidential debate takes place with Clinton out maneuvering Trump by a small margin. Stocks rally the next day as Wall Street prefers Clinton as the next POTUS. She is in the back pocket of the investment banks since she was paid lucrative fees for showing up at token luncheons. The US presidential election is only five weeks away on 11/8/16. The G-20 Summit occurs. OPEC says it will cut oil production creating a big push higher in oil prices.

The chronology explains the reaction in stocks, bonds and currencies to key events and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists in this format where the stock, bond and currency moves are provided and explained as world events take place in real-time.

The chronology records economic history preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 repeat the same mantra in 2015-2016. The stock market topped out in May 2015 which placed anyone that listened to television pundits over the last couple years either flat or underwater on their long trades, however, the central banker go juice has pumped stocks higher from February of this year to present to new all-time highs rewarding those that blindly remain long with full confidence in the Federal Reserve.

Analyst and strategist quotes and words are recorded in the chronology so credit or disdain can be handed out in the future. If a multi-year top is printing, the chronology serves as the most accurate accounting of the stock market topping process ever recorded in economic and market historyThe chronology is the most reliable and easy to understand source for explaining global marketsThe chronology is very easy to read and avoids using fancy ten-dollar college words.

As always, all monthly publications of the Daily Chronology of GlobalMarkets and World Economics are available from the links in the margins or simply searching on Amazon or Google. The monthly publication contains updated information not posted on this web site as well as clarifications, edits and refinements to the ongoing daily blog text. (Note: Daily blog postings have been suspended due to inadequate support for the KE Stone blog sites by the thousands of international daily users; for now the valuable economic and market information provided by Keystone the Scribe is only available through Amazon)

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the stock market tops and bottoms occur in real-time. The monthly publications are compatible with any electronic device and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.

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