Saturday, July 31, 2021
HOWE STREET RADIO INTERVIEW - JULY 30, 2021
https://www.howestreet.com/2021/07/robinhood-ipo-gold-silver-us-dollar-mark-leibovit/
https://youtu.be/HRPBttRrRmQ
Tuesday, February 2, 2021
MONEY SHOW VIDEO PRESENTATION - NOVEMBER 24, 2020 - URL LINK BELOW
https://www.youtube.com/watch?v=hxIdtE1evgw&feature=youtu.be
Saturday, October 3, 2020
Tuesday, September 29, 2020
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DOW JONES INDUSTRIALS, OTHER INDEXES, METALS, BITCOIN AND CANADIAN CLOSING PRICES JUNE 26, 2020:
DJ INDUSTRIALS:
OTHER INDEXES:
METALS:
URANIUM:
COMMODITY MARKETS:
DOLLAR INDEX:
OTHER INDEXES:
METALS:
URANIUM:
COMMODITY MARKETS:
DOLLAR INDEX:
Market were lower and look lower but it may or may not be a bee line to the basement. Canada Day is Wednesday and Fourth of July holiday week is ahead with the U.S. market closed next Friday. Normally, everyone 'hits the road' this week, so whether the virus scare changes things and people decide not to travel we will just have to wait and see. We would normally expect to see a rally around the Fourth! Regardless, the market is corrective mode and there is more talk that Trump may not get re-elected which may be 'fake-news'. The correction may be 'engineered' to provide an incentive for the U.S. House and Senate to come to terms to another stimulus bill. That said, market cycles are frankly week going forward into the Fall. Tough call except for short-term trading. Precious metals, gun shares, high-tech trucks, alternative fuel shares and even solar shares seem to be in play here.
The S&P 500 dropped 2.4% on Friday in a risk-off session amid the continued rise in new coronavirus cases and industry-specific issues for the banks and social media companies. The Dow Jones Industrial Average (-2.8%), Nasdaq Composite (-2.6%), and Russell 2000 (-2.4%) also fell more than 2.0%.
All 11 S&P 500 sectors closed in negative territory, with the financials (-4.3%) and communication services (-4.5%) sectors falling more than 4%. The utilities sector
declined the least with a 1.0% decline.
The U.S. hit another daily record for new coronavirus cases, prompting hotspots like Texas and Florida to scale back their reopening efforts. The reduced reopening activity threatens to undermine consumer sentiment and personal spending, the latter of which rebounded 8.2% m/m in May (Briefing.com consensus +7.0%).
Unfortunately, the market was also burdened by other developments. Banks were pressured by the Fed's decision to require them to suspend share repurchases and cap dividend payments in the third quarter (out of an abundance of caution), while more companies suspended ad spending on Facebook (FB 216.08, -19.60, -8.3%).
Verizon (VZ 53.16, -1.12, -2.1%), Unilever (UN 54.51, -0.32, -0.6%), and Honda Motor (HMC 25.33, -0.92, -3.5%) joined the growing list of companies that paused spending, which was a wake-up call for companies that derive revenue from advertising in how they handle misconduct within their platforms.
Facebook shares fell 8%, but Alphabet (GOOG 1359.90, -81.43, -5.7%) and Twitter (TWTR 29.05, -2.32, -7.4%) also took it on the chin.
In other developments, Nike (NKE 93.67, -7.73, -7.6%) missed top and bottom-line estimates, Cisco (CSCO 46.31, +1.09, +2.4%) was the lone Dow component to close higher amid news that the Trump administration is thinking about helping the company in 5G development, and the yearly rebalancing of the FTSE Russell indices happened at the close.
Quarter-end rebalancing might have played a part in today's decline, too, as investors re-allocated money into bonds. The 2-yr yield was unchanged at 0.16%, while the 10-yr yield declined four basis points to 0.64%. The U.S. Dollar Index was little changed at 97.45. WTI crude declined 0.7%, or $0.26, to $38.49/bbl.
Reviewing Friday's economic data:
Personal income declined 4.2% m/m in May (Briefing.com consensus -6.0%) following a 10.8% increase in April while personal spending surged 8.2% (Briefing.com consensus 7.0%) after declining 12.6% in April. The PCE Price Index and core-PCE Price Index, which excludes food and energy, were both up 0.1% and slightly ahead of consensus estimates. The key takeaway from the report is that the personal savings rate, as a percentage of disposable income, remains exceptionally high at 23.2%. Granted that's down from 32.2% in April, but a high savings rate means less spending activity, which means less economic growth. The final University of Michigan Index of Consumer Sentiment for June slipped to 78.1 from the preliminary reading of 78.9. The final reading for May was 72.3, so the sentiment level is still higher than the prior month. The key takeaway from the report is the contention that consumer attitudes and demand will be influenced by the progress -- or lack thereof -- against the coronavirus.
CANADIAN MARKETS:
It was a day out in the negative territory for Canadian shares on Friday as worries about economic growth rose after reports showed another surge in new coronavirus cases in several parts of the U.S. and in a few other countries, including China.
The Federal Reserve's stress test results of top banks took a toll of banking stocks in the U.S., and stocks in Canadian banking space tumbled as well. Crude oil's decline
triggered concerns about outlook for energy demand and pushed down oil stocks. Healthcare, utilities, consumer discretionary and telecommunications shares also ended sharply lower.
The benchmark S&P/TSX Composite Index, which plunged to a low of 15,167.59, sliding gradually after a weak start, ended the day with a loss of 257.16 points or 1.66% at 15,188.98. The index shed 1.82% in the week.
Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO), National Bank of Canada (NA.TO), Bank of Nova Scotia (BNS.TO) and Toronto-Dominion Bank (TD.TO) lost 2.4 to 4%. Royal Bank of Canada (RY.TO) declined 2.1%.
TC Energy Corporation (TRP.TO), Air Canada (AC.TO), Suncor Energy (SU.TO), Enbridge Inc. (ENB.TO), BCE (BCE.TO), Power Corporation of Canda (POW.TO) and Nutrien (NTR.TO) ended lower by 1.6 to 2.4%.
Newmont Corporation (NGT.TO), Kinross Gold Corporation (K.TO), SSR Mining (SSRM.TO), Real Matters (REAL.TO) and TFI International (TFII) were among the notable gainers in the session.
MONDAY
Noteworthy Earnings Reports: Micron Technology (MU)
TUESDAY
Earnings Spotlight: FedEx (FDX, $135.46) – International delivery service giant FedEx's 2020 has been similar to most other companies: a bear-market drop from February to March, and a partial recovery since, while the struggling economy continues to weigh heavily on operational performance. Citi analyst Christian Wetherbee says fiscal fourth-quarter results, due out after the June 30 closing bell, will be "very challenging." Indeed, as a whole, analysts are expecting a mild 7% decline in revenues to $16.56 billion, but a 62.1% plunge in profits to $1.90 per share. Still, the pros are warming up to the name. Wetherbee, who has a Buy rating on shares, is one of several analysts that recently raised their price targets on FDX. Wetherbee upgraded his target from $140 per share to $160, writing that he thinks "the worst is almost over" and that a rebound in profits should come in the first half of next year. BMO Capital's Fadi Chamoun is looking for $130 per share, up from $115, but with a Hold-equivalent Market Perform rating and a less bullish outlook: "Structural challenges for Ground segment profitability, limited visibility into the Express segment self-help improvement opportunity, and weak cash flow and balance sheet render the risk/reward more balanced at current levels."
WEDNESDAY
Earnings Spotlight: Macy's (M, $6.50) – Macy's, like the rest of the market, plunged in February and March, but its recovery has been tepid; shares are down more than 60% year-to-date as the coronavirus continues to choke Macy's already struggling operations. In early June, Macy's provided preliminary Q1 results, including an adjusted loss of $2.03 per share, versus a 28-cent profit in the year-ago period – analysts' current mark is for a $2.57-per-share deficit. Macy's also said revenues likely fell from $5.50 billion to $3.02 billion; the pros are looking for a 32.9% decline to $3.72 billion in the official results. It's actually quite uncommon for Wall Street to have a consensus Sell call on a stock, but they do for Macy's, which has racked up five Sells, three Holds and no Buys over the past three months. Kimberly Greenberger (Underweight, equivalent of Sell) called preliminary Q1 results "largely unremarkable" and lowered her full-year 2020 operational estimates for the retailer. She's also worried about "the potential for permanent market share loss" after the pandemic has passed.
Earnings Spotlight: Constellation Brands (STZ, $173.33) – Constellation Brands – the name behind Svedka vodka, High West whiskey, Robert Mondavi wines and Corona beers, among many other alcoholic beverages, has performed roughly in line with the rest of the market so far in 2020. Analysts are largely optimistic about the name – Cowen's Vivien Azer (Outperform) calls STZ one of the best-positioned names in beer, and JPMorgan Chase analysts added Constellation Brands to its Analyst Focus List, believing that the Model and Corona brands will "accelerate as Mexico beer production normalizes." The company is expected to report earnings ahead of the July 1 open. Right now, analysts are looking for a 6.3% decline in revenues to $1.96 billion, and a 10.4% decline in profits to $1.98 per share.
Other Noteworthy Reports: Capri Holdings (CPRI), General Mills (GIS)
THURSDAY
Noteworthy Earnings Reports: Korn Ferry (KFY)
FRIDAY
Noteworthy Earnings Reports: N/A (Market closed to observe Independence Day)
WATCH THE ABOVE DATES FOR MARKET ACTION - VOLATILITY - HIGHS OR LOWS.
declined the least with a 1.0% decline.
The U.S. hit another daily record for new coronavirus cases, prompting hotspots like Texas and Florida to scale back their reopening efforts. The reduced reopening activity threatens to undermine consumer sentiment and personal spending, the latter of which rebounded 8.2% m/m in May (Briefing.com consensus +7.0%).
Unfortunately, the market was also burdened by other developments. Banks were pressured by the Fed's decision to require them to suspend share repurchases and cap dividend payments in the third quarter (out of an abundance of caution), while more companies suspended ad spending on Facebook (FB 216.08, -19.60, -8.3%).
Verizon (VZ 53.16, -1.12, -2.1%), Unilever (UN 54.51, -0.32, -0.6%), and Honda Motor (HMC 25.33, -0.92, -3.5%) joined the growing list of companies that paused spending, which was a wake-up call for companies that derive revenue from advertising in how they handle misconduct within their platforms.
Facebook shares fell 8%, but Alphabet (GOOG 1359.90, -81.43, -5.7%) and Twitter (TWTR 29.05, -2.32, -7.4%) also took it on the chin.
In other developments, Nike (NKE 93.67, -7.73, -7.6%) missed top and bottom-line estimates, Cisco (CSCO 46.31, +1.09, +2.4%) was the lone Dow component to close higher amid news that the Trump administration is thinking about helping the company in 5G development, and the yearly rebalancing of the FTSE Russell indices happened at the close.
Quarter-end rebalancing might have played a part in today's decline, too, as investors re-allocated money into bonds. The 2-yr yield was unchanged at 0.16%, while the 10-yr yield declined four basis points to 0.64%. The U.S. Dollar Index was little changed at 97.45. WTI crude declined 0.7%, or $0.26, to $38.49/bbl.
Reviewing Friday's economic data:
Personal income declined 4.2% m/m in May (Briefing.com consensus -6.0%) following a 10.8% increase in April while personal spending surged 8.2% (Briefing.com consensus 7.0%) after declining 12.6% in April. The PCE Price Index and core-PCE Price Index, which excludes food and energy, were both up 0.1% and slightly ahead of consensus estimates. The key takeaway from the report is that the personal savings rate, as a percentage of disposable income, remains exceptionally high at 23.2%. Granted that's down from 32.2% in April, but a high savings rate means less spending activity, which means less economic growth. The final University of Michigan Index of Consumer Sentiment for June slipped to 78.1 from the preliminary reading of 78.9. The final reading for May was 72.3, so the sentiment level is still higher than the prior month. The key takeaway from the report is the contention that consumer attitudes and demand will be influenced by the progress -- or lack thereof -- against the coronavirus.
CANADIAN MARKETS:
It was a day out in the negative territory for Canadian shares on Friday as worries about economic growth rose after reports showed another surge in new coronavirus cases in several parts of the U.S. and in a few other countries, including China.
The Federal Reserve's stress test results of top banks took a toll of banking stocks in the U.S., and stocks in Canadian banking space tumbled as well. Crude oil's decline
triggered concerns about outlook for energy demand and pushed down oil stocks. Healthcare, utilities, consumer discretionary and telecommunications shares also ended sharply lower.
The benchmark S&P/TSX Composite Index, which plunged to a low of 15,167.59, sliding gradually after a weak start, ended the day with a loss of 257.16 points or 1.66% at 15,188.98. The index shed 1.82% in the week.
Bank of Montreal (BMO.TO), Canadian Imperial Bank of Commerce (CM.TO), National Bank of Canada (NA.TO), Bank of Nova Scotia (BNS.TO) and Toronto-Dominion Bank (TD.TO) lost 2.4 to 4%. Royal Bank of Canada (RY.TO) declined 2.1%.
TC Energy Corporation (TRP.TO), Air Canada (AC.TO), Suncor Energy (SU.TO), Enbridge Inc. (ENB.TO), BCE (BCE.TO), Power Corporation of Canda (POW.TO) and Nutrien (NTR.TO) ended lower by 1.6 to 2.4%.
Newmont Corporation (NGT.TO), Kinross Gold Corporation (K.TO), SSR Mining (SSRM.TO), Real Matters (REAL.TO) and TFI International (TFII) were among the notable gainers in the session.
Noteworthy Earnings Reports: Micron Technology (MU)
TUESDAY
Earnings Spotlight: FedEx (FDX, $135.46) – International delivery service giant FedEx's 2020 has been similar to most other companies: a bear-market drop from February to March, and a partial recovery since, while the struggling economy continues to weigh heavily on operational performance. Citi analyst Christian Wetherbee says fiscal fourth-quarter results, due out after the June 30 closing bell, will be "very challenging." Indeed, as a whole, analysts are expecting a mild 7% decline in revenues to $16.56 billion, but a 62.1% plunge in profits to $1.90 per share. Still, the pros are warming up to the name. Wetherbee, who has a Buy rating on shares, is one of several analysts that recently raised their price targets on FDX. Wetherbee upgraded his target from $140 per share to $160, writing that he thinks "the worst is almost over" and that a rebound in profits should come in the first half of next year. BMO Capital's Fadi Chamoun is looking for $130 per share, up from $115, but with a Hold-equivalent Market Perform rating and a less bullish outlook: "Structural challenges for Ground segment profitability, limited visibility into the Express segment self-help improvement opportunity, and weak cash flow and balance sheet render the risk/reward more balanced at current levels."
WEDNESDAY
Earnings Spotlight: Macy's (M, $6.50) – Macy's, like the rest of the market, plunged in February and March, but its recovery has been tepid; shares are down more than 60% year-to-date as the coronavirus continues to choke Macy's already struggling operations. In early June, Macy's provided preliminary Q1 results, including an adjusted loss of $2.03 per share, versus a 28-cent profit in the year-ago period – analysts' current mark is for a $2.57-per-share deficit. Macy's also said revenues likely fell from $5.50 billion to $3.02 billion; the pros are looking for a 32.9% decline to $3.72 billion in the official results. It's actually quite uncommon for Wall Street to have a consensus Sell call on a stock, but they do for Macy's, which has racked up five Sells, three Holds and no Buys over the past three months. Kimberly Greenberger (Underweight, equivalent of Sell) called preliminary Q1 results "largely unremarkable" and lowered her full-year 2020 operational estimates for the retailer. She's also worried about "the potential for permanent market share loss" after the pandemic has passed.
Earnings Spotlight: Constellation Brands (STZ, $173.33) – Constellation Brands – the name behind Svedka vodka, High West whiskey, Robert Mondavi wines and Corona beers, among many other alcoholic beverages, has performed roughly in line with the rest of the market so far in 2020. Analysts are largely optimistic about the name – Cowen's Vivien Azer (Outperform) calls STZ one of the best-positioned names in beer, and JPMorgan Chase analysts added Constellation Brands to its Analyst Focus List, believing that the Model and Corona brands will "accelerate as Mexico beer production normalizes." The company is expected to report earnings ahead of the July 1 open. Right now, analysts are looking for a 6.3% decline in revenues to $1.96 billion, and a 10.4% decline in profits to $1.98 per share.
Other Noteworthy Reports: Capri Holdings (CPRI), General Mills (GIS)
THURSDAY
Noteworthy Earnings Reports: Korn Ferry (KFY)
FRIDAY
Noteworthy Earnings Reports: N/A (Market closed to observe Independence Day)
WATCH THE ABOVE DATES FOR MARKET ACTION - VOLATILITY - HIGHS OR LOWS.
The latest Wall Street Journal/NBC News Poll shows that a stunning 80% of Americans think the country is out of control. Many will blame him (Trump) for letting the country slip out of control, but he is counting on voters who think a strongman is the person who can reassert control… this represents a Trumpian attempt to turn a liability into an asset. – Gerald F. Seib, “For Trump, A Clear Campaign Script Emerges,” Wall Street Journal, June 16, 2020.
“Democracy is the worst form of government, except for all the others.” Winston Churchill, as re-quoted from the Wall Street Journal Opinion Page, June 19, 2020.
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All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
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All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed. Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted.
Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.
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© Copyright 2020. All rights reserved.
In using LeibovitVRnewsletters.com (a/k/a LeibovitVRNewsletters LLC) you agree to these Terms & Conditions governing the use of the service. These Terms & Conditions are subject to change without notice. We are publishers and are not registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.
All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
All investments are subject to risk, which should be considered on an individual basis before making any investment decision. We are not responsible for errors and omissions. These publications are intended solely for information and educational purposes only and the content within is not to be construed, under any circumstances, as an offer to buy or to sell or a solicitation to buy or sell or trade in any commodities or securities named within.
All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed. Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted.
Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.
LeibovitVRNewsletters.com cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold LeibovitVRNewsletters.com or any employees liable for trading losses, lost profits or other damages resulting from your use of information on the Site in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold LeibovitVRNewsletters.com and its employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.
For rights, permissions, subscription and customer service, contact the publisher at support@leibovitvrnewslette
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© Copyright 2020. All rights reserved.
WHEN THE PEOPLE FEAR THE GOVERNMENT THERE IS TYRANNY!
WHEN THE GOVERNMENT FEARS THE PEOPLE THERE IS LIBERTY!
Leviticus 25:10The bell is inscribed with Leviticus 25:10, “Proclaim liberty throughout all the land unto all the inhabitants thereof.” The verse refers to the Year of Jubilee when slaves were to be set free in accordance with Hebrew tradition.
REMEMBER, THERE IS NO FREEDOM WITHOUT THE LAW, REGARDLESS OF YOUR FAITH!
The post VRTRADER SILVER FOR MONDAY, JUNE 29, 2020 appeared first on The Leibovit VR Newsletter.
Saturday, April 4, 2020
DOW JONES INDUSTRIALS, OTHER INDEXES, METALS AND CANADIAN CLOSING PRICES MARCH 20, 2020:
OTHER INDEXES:
METALS:
OTHER MARKETS:
DOLLAR INDEX:
Where is the Plunge Protection Team? Take a moment to read this Wikipedia report.
The 'third quarter' moon on March 16 overlapped a short-term trading of well over 1000 points. Turnaround Tuesday, the 24 is the next date to watch.
The liberal media ignores the threat below while persisting its attacks on Russia! These are our enemies!
Chinese state media on Tuesday rather unsubtly decided this would be a good time to chat with a panel of “experts” about the possibility of using an electromagnetic pulse weapon (EMP) against American ships that enter portions of the South China Sea illegally claimed by Beijing. The timing suggests it was a bit of saber-rattling by a Communist Party nervous about its power and prestige after the Wuhan virus disaster, but some degree of escalation in the South China Sea has long been a concern for the U.S. Navy and ships from across the free world…
We are, of course, focusing on the markets, but we are also looking at the demise of our freedoms and on onslaught of socialism. It's amazing how everyone was so willing to give up their rights and freedom over a 'bug'. As you will read in the article below, this whole episode was forecast and certainly planned. This was no accident and the virus is clearly a biological weapon. The question is whether the Chinese released it as an 'act of war' or were they part of a plan to create a global economic meltdown and revolution. A bigger question is whether this whole episode beside the obvious effects we are now seeing is a COVERUP to distract us from something even greater. I speculated an asteroid is heading toward the earth is a good example, but I may not be that far off. Did you ever ask yourself why the U.S. Space Force was created last year?
Though we can hope for a technical rally, bearish headwinds are the obstacle. The hoped-for mid-March low tied to the Vernal Equinox has yet to develop. The chart below we showed you on Thursday still overall applies over the near-term.
Though we can hope for a technical rally, bearish headwinds are the obstacle. The hoped-for mid-March low tied to the Vernal Equinox has yet to develop. The chart below we showed you on Thursday still overall applies over the near-term.
An early rebound effort quickly turned into losses on this quadruple-witching expiration Friday, as investors continued to grapple with the persistent shutdown of the economy. The S&P 500 (-4.3%), Dow Jones Industrial Average (-4.6%), and Russell 2000 (-4.2%) declined more than 4.0%, while the Nasdaq Composite declined 3.8%.
California ordered residents to stay at home, except for essential needs, until further notice last night, but stocks started today's session on a higher note amid hopes for a rebound. It wasn't until New York announced similar stay-at-home restrictions that optimism started to unravel, as it contributed to the notion that more states will follow suit to limit the spread of the coronavirus.
Later, London announced the closure of pubs and restaurants, New Jersey ordered non-essential businesses to close, and the Chicago Tribune reported that Illinois will issue its own shelter-in-place order. President Trump also said that the southern border with Mexico will be closed to non-essential travel.
Washington continued to work on a $1 trillion+ stimulus package to soften the economic impact caused by these disruptions, but today's orderly retreat suggested that it might not be enough to meaningfully address the magnitude of these shutdowns. According to Bloomberg, Treasury Secretary Mnuchin believes the stimulus bill is too small.
Losses were widespread, but the energy sector (+1.0%) was able to buck the broader trend, and trim its huge weekly decline, despite an 8% decline in oil prices ($23.73/bbl, -2.17, -8.4%). The utilities (-8.2%) and consumer staples (-6.5%) sectors were today's weakest performers.
The Fed remained active in trying to further support the financial system. On Friday, the Fed expanded its Money Market Mutual Fund Liquidity Facility (MMLF) to accept municipal debt and stepped up its purchases of Treasury and mortgage-backed securities. The New York Fed said it will now conduct two repo operations totaling $1 trillion for the rest of the month.
U.S. Treasuries gained buying interest amid the selling in equities and actions taken by the Fed. The 2-yr yield declined three basis points to 0.37%, and the 10-yr yield declined 18 basis points to 0.94%. The U.S. Dollar Index finished flat at 102.72.
Friday's economic data was limited to Existing Home Sales, which increased 6.5% m/m in February to a seasonally adjusted annual rate of 5.77 million units (Briefing.com consensus 5.50 million). This follows a downwardly revised 5.42 million (from 5.46 million) in January.
Noteworthy Earnings Reports: N/A
TUESDAY
Earnings Spotlight: Nike (NKE, $70.34) – Many consumer discretionary brands have taken a beating at the hands of the coronavirus, and Nike is among them. The company’s 31% loss over the past month is slightly worse than the S&P 500’s 29% decline. That said, the analyst community is largely hanging on to their bullish opinions, with Buys (six) outnumbering Holds (two) and Sells (none) over the past 10 days – albeit, with a few price-target reductions to reflect the bear-market selling. Bank of America actually upgraded the stock from Neutral to Buy on March 20, saying that the world’s economic challenges could actually help Nike gain share in the coming months. For the quarter to be reported after the March 24 market close, the pros are expecting a mixed bag: 9.2% revenue growth to $9.94 billion, but an 8.8% decline in profits to 62 cents per share. Investors obviously will want to key in on guidance for the current quarter, but note that many companies have already pulled their outlooks given extreme uncertainty around the coronavirus.
WEDNESDAY
Noteworthy Earnings Reports: Paychex (PAYX)
THURSDAY
Earnings Spotlight: Lululemon Athletica (LULU, $154.86) – Lululemon is in a similar boat as Nike, with investors heavily selling off the stock (to the tune of 41%) while analysts have mostly remained in the bull camp. The stock has received 14 Buy calls versus four Holds and no Sells over the past quarter – including a pair of Buys and one Hold over the past 10 days. Citigroup (Buy) says Lululemon is “better positioned than many (even though we assume stores will be closed thru 1Q), as Ecom represents 27 per cent of sales. And LULU makes product that people want. Whether consumers buy the product now or in 2Q20 or 2H20 (or F21), we believe their loyal customer base will return.” However optimistic they are long-term, however, be mindful that lousy numbers could discourage the Street further in the short-term. Lululemon reports quarterly figures after the March 26 close, and analysts are looking for $1.38 billion in revenues (+17.9% year-over-year) and $2.24 per share in profits (+21.1%). Lululemon has already closed its stores in North American and Europe through March 27, and employees will continue to be paid for all hours they’re scheduled to work.
Earnings Spotlight: GameStop (GME, $4.19) – GameStop has defied all logic throughout the downturn, gaining 1% while the market has plunged. That said, it’s more of a bounce off the bottom – GME shares are off 37% for 2020 (vs. -26% for the index) and off 65% over the past year (vs. 16% for the index). It’s also now dealing with a potential PR nightmare, as video-gaming news site Kotaku reported that GameStop, in a memo to staff, said all of its stores would remain open, even amid city lockdowns, calling its locations “essential retail.” Benchmark analyst Mike Hickey (Sell) disagrees, saying on March 20 that the company likely will have to close some stores and that the company should continue to see weakness for several quarters as “digital distribution cements its grip on player purchase behavior.” Analysts’ expectations for the firm’s upcoming earnings, to be reported after Thursday’s close, probably won’t sit well with investors, either. The pros see revenues declining 29.7% year-over-year to $2.24 billion, while profits should plunge by 50.6% to 79 cents per share.
Other Noteworthy Reports: Canadian Solar (CSIQ), FactSet (FDS), GameStop (GME), Jefferies (JEF), KB Home (KBH), Lululemon Athletica (LULU), Movado Group (MOV), Signet Jewelers (SIG), RH (RH)
FRIDAY
Noteworthy Earnings Reports: N/A
'The End Of The World As We Know It'.
While some Americans believed we'd never see it in our lifetime's, 10's of millions of Americans and hundreds of millions more across the world are already witnessing it this very moment with much of life being shuttered and shut in, businesses closed 'en mass' with a boatload of unemployed soon to follow.
And while this TEOTWAWKI may look much differently than many thought it would, with President Trump and the White House just unveiling their '15 Days To Slow The Spread' strategy outlining their recommendations to Americans on how to get this beast under control, they also warned that new guidelines may be issued in 15 days if the spread of the virus hasn't yet been controlled and we can do a lot more than only imagine what those 'new guidelines' might be.
As we'll explore in the next section of this story and the 1st video at the bottom of this story, a Rockefeller Foundation paper published back in 2010 predicted a pandemic could be used as an excuse to establish an authoritarian global government with their 'Lock Step' scenario unfolding nearly exactly as we're witnessing with the coronavirus pandemic now. Predicting mass shutdowns across America and the world, that Rockefeller paper, which we've also embedded for you to read at the bottom of this story, also predicted a scenario eerily similar to 'Event 201', the pandemic simulation staged last October by Johns Hopkins University with the World Economic Forum, the Bill and Melinda Gates Foundation and Johnson & Johnson.
So with the spread of the number of cases of COVID-19 doubling every few days according to this story over at Forbes, undergoing exponential growth that will continue as long as long as there is at least one infected person within a population who is exposed to others, it's easy to understand why some are now warning this crisis and the resulting 'lockdowns' could last for 2 years or more as reported in this new Daily Mail story. And interestingly, the 'lockdowns' are happening in 'lock step' from one nation to the next.
Yet with 'Kid Rock' refusing to close down his Nashville, Tennessee bar, arguing that the mandate from the Nashville mayor to close all bars and restaurants was 'unconstitutional', showing that not everybody will be going along with government mandates, this Sacramento Bee story saved at archive titled "Coronavirus vs Constitution: What Can Government Stop You From Doing During A Pandemic" offers us an interesting look at what will likely be unfolding all across America until this killer disease is eradicated or America transformed into a 'medical police state'.
Public closures, a ban on gatherings, quarantine notices and orders for isolation have become increasingly common as the coronavirus continues to spread across the United States.
Officials in Washington state and San Francisco are limiting the number of people allowed to attend public gatherings. The governor of California joined them on Thursday in urging the cancellation of all events with more than 250 people in attendance. The governor of Kentucky, a Bible belt state, has asked churches and other religious institutions to temporarily cancel services.
But if it seems these actions are infringing on individual freedoms guaranteed by the U.S. Constitution, think again.
“You don’t have a right to assemble against the backdrop of known public health risk,” James G. Hodge told McClatchy News.
Officials typically have to go through legal processes to close an establishment or shut down public gatherings, Hodge said. But under a state of emergency, everything is expedited.
“It’s not that we don’t have time for First Amendment interests, it’s that we must act fast,” he said. “What was opened today can be closed tomorrow.”
That doesn’t mean communities in the U.S. will see the kind of large-scale lock-downs happening in Italy and China, Hodge added. But there are circumstances under which a voluntary recommendation can become involuntary.
A man in Missouri left quarantine to attend a father-daughter dance at a nearby hotel, McClatchy reported, prompting county health officials to warn “he must remain in his home or they will issue a formal quarantine that will require him and the rest of his family to stay in their home by the force of law.”
When someone opts to evade such recommendations, Hodge said, public health authorities can seek a court order mandating their compliance.
“Some of those basic liberties are going to be truncated for a brief period,” he said.
“Most Americans understand the need for that.”
And while we absolutely agree that at this time, for our own health and for the hospitals and 1st responders who'll surely be overwhelmed, that we should be taking extra precautions when it comes to how we interact with the rest of the general public and sheltering at home if possible for a few weeks to months is a good way to do that, as we'll explore in the next section of this ANP story, that 2010 Rockefeller Foundation paper forecast how a pandemic could be used to usher in martial law.
(ANP NEEDS YOUR HELP! Due to unforseen medical expenses following Susan Duclos' heart attacks and hospitalization, All News Pipeline will need some financial help in the days ahead. So if you like stories like this, please consider donating to ANP to help keep us in this 'Info-war' for America at a time of systematic censorship and widespread corruption.)
While President Trump's coronavirus guidelines to America seen in the images above and below contain some good, common sense advice on how Americans can start to minimize the spread of COVID-19, should these steps fail because too many people are not taking this outbreak seriously enough or the spread of the virus already be far too wide to contain, there is a very real chance that more draconian actions may have to be implemented in America. And as we'll read in the excerpt from this recent story below, that scenario has already been carefully crafted out. You can read the full Rockefeller Foundation document embedded at the very bottom of this story above the comment section.
The Rockefeller Foundation published a report in May 2010 in cooperation with the Global Business Network of futurologist Peter Schwartz. It was called Scenarios for the Future of Technology and International Development. The first scenario, titled, “Lock Step”, describes a world of total government control and authoritarian leadership. It envisions a future where a pandemic would allow national leaders to flex their authority and impose airtight rules and restrictions that would remain after the pandemic faded. The first half of this scenario already has unfolded. Will it continue as predicted?
Every day world mainstream news reports more people in more countries diagnosed “positive” for the coronavirus illness, now called COVID-19. As the reported numbers grow, so does widespread nervousness, often in the form of panic shopping for masks, disinfections, toilet paper, canned goods. We are told to accept the testing results as science-based. While it is next to impossible to get a full picture of what is taking place in China, the center of the novel virus storm, there is a process, being fed by mainstream media accounts and genuine panic in populations unclear what the real dangers are, that has alarming implications for the post-pandemic future.
‘LOCK STEP’
Whatever has occurred inside China at this point it is almost impossible to say owing to conflicting reactions of the Beijing authorities and several changes in ways of counting COVID-19 cases. The question now is how the relevant authorities in the West will use this crisis. Here it is useful to go back to a highly relevant report published a decade ago by the Rockefeller Foundation, one of the world’s leading backers of eugenics, and creators of GMO among other things.
The report in question has the bland title, “Scenarios for the Future of Technology and International Development.” It was published in May 2010 in cooperation with the Global Business Network of futurologist Peter Schwartz. The report contains various futurist scenarios developed by Schwartz and company. One scenario carries the intriguing title, “LOCK STEP: A world of tighter top-down government control and more authoritarian leadership, with limited innovation and growing citizen pushback.”
Here it gets interesting as in what some term predictive programming. The Schwartz scenario states, “In 2012, the pandemic that the world had been anticipating for years finally hit. Unlike 2009’s H1N1, this new influenza strain — originating from wild geese — was extremely virulent and deadly. Even the most pandemic-prepared nations were quickly overwhelmed when the virus streaked around the world, infecting nearly 20 percent of the global population and killing 8 million in just seven months…”
It continues, “The pandemic also had a deadly effect on economies: international mobility of both people and goods screeched to a halt, debilitating industries like tourism and breaking global supply chains. Even locally, normally bustling shops and office buildings sat empty for months, devoid of both employees and customers.”
This sounds eerily familiar. Then the scenario gets very interesting: “During the pandemic, national leaders around the world flexed their authority and imposed airtight rules and restrictions, from the mandatory wearing of face masks to body-temperature checks at the entries to communal spaces like train stations and supermarkets. Even after the pandemic faded, this more authoritarian control and oversight of citizens and their activities stuck and even intensified. In order to protect themselves from the spread of increasingly global problems — from pandemics and transnational terrorism to environmental crises and rising poverty — leaders around the world took a firmer grip on power.”
So with a scenario already drawn up by the global elite to lock America and the world down under 'medical martial law' and never give 'free people' back the freedoms they had before, we'll all have to watch very carefully how things unfold in America over the next 6 months to a year as this pandemic plays itself out while watching both how government's and 'the masses' react to potentially being 'locked down' for a lengthy period of time.
In the series 'Containment' which Susan Duclos and I recently watched, a quarantine situation that was originally supposed to only last a few days was extended again and again until by the end of the series, that quarantine was still in place, enforced by both force and a massive barrier built all around the section of the city of Atlanta where the killer virus had struck. Interesting in that show it didn't take long for authorities on the outside to cut off all communications within the containment zone so we'll be watching very closely to see if the internet or communications are cut off in America.
One very good sign that won't happen comes to us here in the state of Maryland where Governor Larry Hogan has told utility companies, including cable companies, that they cannot cut off people's utilities or cable for not paying their bills during this emergency though an Illinois mayor has taken the completely opposite stance with Champaign, Illinois mayor Deborah Frank Feinen signing an executive order to ban the sale of guns, ammunition, alcohol and gasoline - as well as the power to cut off access to individuals' gas, water or electricity.
With Mike Adams warning in this February story over at Natural News that this COVID-19 outbreak helps to accomplish all of the globalists sinister agendas including depopulation and ushering in a sinister, global government, as we had also warned in this February 1st ANP story titled "Locking Down America & The Globalists End Game: Due To The 'Nature Of The Beast', Completely Stopping A Coronavirus Pandemic May Require 'Shutting Down Society' - Imagine An America Where You're No Longer Able To Travel Freely", this could very well be how the globalists attempt to usher in their 'end game' for America with the impeachment of President Trump having failed so all heads should be on a swivel in the days ahead.
https://allnewspipeline.com/
We Need Time to Absorb All This -Noonan/Wall Street Journal
"The screenwriter Lawrence Kasdan once said the films of Akira Kurosawa were distinguished by this dynamic: The villain has arrived while the hero is evolving. The villain is here in the form of an illness. A lot of the heroes of this story are evolving every day into something we'll look back on months and years hence and say, 'Wow, LOOK what she did.' 'What guts that guy showed.' People are going to pull from themselves things they didn't know were there. But now, at this stage in the drama, most of the heroes are also busy absorbing...It's all so big. We are discovering the illness as we experience it. We don't know its secrets, how long it lasts, how long its incubation, whether you can be reinfected. As for the economics: As the month began we had functional full employment. By the time it ends we will not, not at all. In the past week layoffs and let-gos have left state unemployment claim websites crashing. This is not 'normal job disruption'; it is a cascade. The Treasury secretary reportedly said unemployment could hit 20%. Where we are is a hard, bad place, stupid to deny it....A general attitude for difficult times? Trust in God first and always. Talk to him. Every time America's in trouble I remember Adam Smith's words. He wrote there's 'a great deal of ruin in a nation.' Especially a very great and prosperous one with a brilliant system and a creative citizenry. And see this: We are surrounded by nobility....Mike Luckovich had a cartoon this week of the Marines raising the flag on Iwo Jima. Only it wasn't Marines - it was a doctor, a scientist, a nurse and a first responder anchoring Old Glory in this rocky soil... In the next few weeks and months they'll get us through and we should thank them every way possible. That includes everyone who can't work at home, the cops and firefighters, the garbagemen and truckers, the people who stock the shelves and man the counters. A nurse told me Thursday that hospital workers all see themselves as sitting ducks for infection, but no one's calling in sick....I just want to get out and help in some way. Isn't that what you feel? We all just want to pitch in."
Are Americans All-In for a Long Coronavirus War? -Buchanan.org
"'It's a war,' says President Donald Trump of his efforts to contain the coronavirus pandemic, and likening his role to that of 'wartime president.' Some measures already taken do call to mind actions in wartime. Commercial airline flights have been reduced or canceled. Schools have been closed. Universities have shut their doors. Where Ford, Chrysler, GM and other great auto companies shifted production to jeeps, tanks and bombers in 1942, U.S. auto factories have today been shut down to prevent the spread of the virus. There is talk of quarantines lasting not days or weeks, as Americans knew in the days of measles, mumps, chickenpox, scarlet fever and polio, but months....Is the country prepared for months, or years, of social isolation, if that is what is required to win this war?....As Prohibition proved, Americans are a rule-breaking people. Scores of thousands are injured in auto accidents and thousands killed each year from driving under the influence of alcohol, despite tough laws against drunk driving. A prediction: The longer the orders to shelter in place and self-isolate remain in force, the greater the probability they will begin to be ignored and people will take the risks to end their isolation and be with friends....Will Americans suffer in social isolation, inside their own homes for months, while a state-induced Great Depression washes over the land? My guess is that many will rebel."
The US Coronavirus Death Rate Is Falling -AIER
"As major news outlets like the New York Times have updated the number of cases of COVID-19 and confirmed deaths from it, a new trend has emerged: the death rate, measured as the number of deaths divided by the number of cases, is falling. Six days ago, on March 12th, there were 36 deaths caused by the virus in the U.S. out of a total of 1,215 cases. As of this writing on March 18th, there have been 121 deaths out of a total 7,047 cases. That is a drop in the death rate from 2.96% to 1.72%. This is encouraging, as the U.S. death rate so far has been substantially lower than in China and even lower than France and the U.K. There has been much talk about policy responses to stem the spread of COVID-19, but school closings and social distancing should mostly affect growth in the number of cases, not the deadliness of the disease itself. Why would the U.S. death rate fall so much over just a few days? The answer is that as more people are tested for the virus, the death rate falls because it becomes more accurate. And the most accurate data are likely coming from Germany, which arguably has had better testing than any other country. Germany also has the lowest death rate, at just over 0.1%. If that number sounds familiar, it is roughly the death rate from the 2018-19 flu season in the U.S. So why is the death rate in Germany so low, and why is it falling in the U.S., exactly? The answer is simple arithmetic. If only people who are hospitalized or very sick get tested, then the denominator – the number of COVID-19 cases – will be biased downward. Those with milder symptoms or no symptoms will not be count
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