https://www.howestreet.com/2024/10/what-has-more-impact-than-fed-control-of-interest-rates-mark-leibovit/

NEXT PODCAST THURSDAY EVENING

 

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

U.S. Stocks Rally As Economic Optimism Overshadows Election Uncertainty

Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher.

The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq surged 259.19 points or 1.4 percent to 18,439.17, the S&P 500 shot up 70.07 points or 1.2 percent to 5,782.76 and the Dow jumped 427.28 points or 1.0 percent to 42,221.88.

The rally on Wall Street may partly have reflected optimism the stock market and the U.S. economy in general will continue to perform well regardless of the results of today’s elections.

Polls show an extremely tight race between Vice President Kamala Harris and former President Donald Trump, suggesting the outcome of the presidential election may not be known by the end of the night.

The results of House and Senate races are also likely to be in focus, as the makeup of Congress could affect how much the next president can accomplish.

Adding to the positive sentiment about the economy, a report from the Institute for Supply Management showed service sector activity unexpectedly grew at an accelerated rate in the month of October.

The ISM said its services PMI rose to 56.0 in October from 54.9 in September, with a reading above 50 indicating growth. The uptick surprised economists, who had expected the index to dip to 53.8.

With the unexpected increase, the ISM’s services PMI reached its highest level since hitting 56.4 in July 2022.

A separate report released by the Commerce Department showed a significant increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped.

Sector News

Airline stocks showed a substantial move to the upside on the day, with the NYSE Arca Airline Index soaring by 2.8 percent.

Considerable strength was also visible among housing stocks, as reflected by the 2.3 percent surge by the Philadelphia Housing Sector Index.

Biotechnology stocks also saw considerable strength, driving the NYSE Arca Biotechnology Index up by 1.6 percent to its best closing level in well over three years.

Brokerage, computer hardware and semiconductor stocks also showed significant moves to the upside, moving higher along with most of the other major sectors.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday. Japan’s Nikkei 225 Index advanced by 0.9 percent, while China’s Shanghai Composite Index surged by 2.3 percent.

Most European stocks also moved to the upside on the day. The German DAX Index climbed by 0.6 percent and the French CAC 40 Index rose by 0.5 percent, although the U.K.’s FTSE 100 Index bucked the uptrend and edged down by 0.1 percent.

In the bond market, treasuries recovered from early weakness to close modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.0 basis points to 4.289 percent after reaching a high of 4.366 percent.

Looking Ahead

Amid a quiet day on the U.S. economic front, trading on Wednesday is likely to driven by whether or not a winner is officially called in the presidential election.

 

https://www.metastock.com/offer/event/?whc=traders-conference&pc=eq-vrtrader

Rabbi Lapin on Cycles, Spirituality, and Meaning of Money | Cycles TV November 2024

https://tinyurl.com/yc65szbx

Trump Wins, Eliminates Federal Income Tax, Economy Booms – Martin Armstrong

Legendary financial and geopolitical cycle analyst Martin Armstrong is back with some important predictions in his last appearance before the 2024 Election.  First, Armstrong’s Socrates computer is still predicting a Trump landslide.  Socrates actually factors in cheating to make this “Trump Wins” call.  Armstrong says, “In the 2020 Election, it came out the computer said it was 50/50.  It did not show a huge landslide one way or another.  They rigged it, but it was in Congress is where they did it. . . . There were seven states that were going to be challenged. . . . On January 6 (during the so-called insurrection at the capitol), the FBI has testified they could not even tell how many people they had there. . . . as soon as this happens, Pelosi calls emergency rules.  When she did the emergency rules, she shut down any challenge to the seven states. . . . That’s how the 2020 Election was really rigged. . . . in 2024, the gap is too big this time.  In 2020, the computer said it was tight.  This one, I don’t think they can cheat that much to actually overthrow it.”

If Trump does win, one of the huge changes going to be pushed is the elimination of federal income taxes.  Let that sink in.  When you hear Donald Trump say he is contemplating doing away with federal taxes, it is not some campaign promise that he intends to break.  Armstrong says this is more than doable.  When Trump says he can fix the economy, Armstrong contends eliminating federal income tax is a turbocharger for the American economy.  Armstrong explains, “If you eliminate the income tax, what will happen is all these other companies that are in different countries are going to want to come here.  It’s going to be the biggest economic boom in absolute history.”

Is this why Trump keeps saying he can “fix the economy”?  Armstrong says, “Oh yes.  The U.S. will make more money than you can ever imagine.  When I testified in front of Congress, I said at least lower the tax rate to 15% on corporates. . . . 15% is what Hong Kong was charging, and that was the only reason people were there. . . . We do not need the income tax anymore because we create money anyway.  We don’t need to get some money back like gold coins from the public so we can pay our bills.  This is an old theory.  So, income tax is something we do not need, and we certainly do not need to borrow anymore.  Our national debt is exploding because of interest expenditures. . . . You eliminate the income tax, and you are going to have the biggest economic boom in absolute history.  You will create so many jobs.  You won’t have to worry about the debt. . . . We would get rid of the debt, and the equity would be private companies.  If you wanted to create your own studio, there would be capital available to do that.”

Armstrong also talks about gold, who is really running the country and extreme civil unrest coming to America after the 2024 Election.

There is much more in the 54-minute interview.

https://tinyurl.com/37ftnauw

FOMC MEETINGS 2024

NOV 7
DEC 18

OPPORTUNITY TO ACCESS MARK LEIBOVIT’S PROPRIETARY VOLUME REVERSAL INDICATOR – THIS IS THE ONLY PLACE TO DO IT!

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Yes, that’s a cartoon of me.  Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week.  I’ve dated myself. That occurred for me between 1988-1996.  Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.  

WHO am I?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS  a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”.  He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked  #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms.  Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com.   He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading.  It is now also published in Chinese.  Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

FDA-Approved Doesn’t Mean Safe for Your Family

Grant Williams’ documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of “Gold: The Story of Man’s 6,000 Year Obsession,” and it’s still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

 

https://tinyurl.com/2ejnk9mh

The Walt Disney Company has been criticized (MYSELF INCLUDED) for its “woke” content and has faced backlash from conservative politicians and social media voices. Some of the criticisms include:

  • Donations to LGBTQIA+ organizations

    Some shareholders have argued that Disney’s donations to organizations that serve the LGBTQIA+ community are “extreme pursuits” that ignore the beliefs of most Americans.

  • Inclusion of LGBTQ+ characters

    Some critics have taken issue with Disney’s inclusion of LGBTQ+ characters and elements in stories, such as a same-sex kiss in Lightyear and a nonbinary character in Elemental.

  • Black Ariel in Little Mermaid

    Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.

  • Economic and reputational consequences

    Some claim that Disney’s “woke virtue signaling” has had economic and reputational consequences, with Disney’s market cap falling nearly 40% since February 2021.

In response to these criticisms, Disney CEO Bob Iger has said that:

  • Disney’s biggest priority is entertaining audiences

  • Disney is focused on the future, not the past

  • Disney needs to be more sensitive to the interest of a broad audience

  • Disney’s primary mission is to entertain and then have a positive impact on the world through entertainment

 

I USE JOEL WALLACH’S SUPPLEMENTS EVERY DAY.  MAY AGAIN PROVIDE A LINK TO PURCHASE THEM HERE

COME ON, DAD. IT’S TIME TO EAT

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