Business

Via Dana Lyons' Tumblr,

The 4th quarter of years ending in “7″ have historically exhibited the stock market’s worst quarterly performance of the decadal cycle.

The GREAT Arbitrage Opportunity

Written by Jeff Nielson, Sprott Money News

For the past several years, readers have seen these articles focus on the primary reason for accumulating and holding precious metals: to protect ourselves from the monetary/financial frauds of the banking crime syndicate. These frauds are aimed squarely at stealing our wealth.

Last month, Bank of America's survey of active investors revealed something striking: for the first time in history, the response to what the professional community perceived as the most crowded trade on Wall Street, was "Long Bitcoin" (according to 26% of respondents), followed by "Long Nasdaq", while "Short US Dollars" was in third spot. One month later, things are back to normal and the 179 participants with $516bn in AUM, have eased back on their cryptocoin euphoria, and for the 5th time this year, "Long Nasdaq" is back in top spot according to 29% of respondents.

Following August's storm-driven collapse in Industrial Production (-0.9%, worst since May'09), September was due for a bounce back and it did but only meeting expectations with a 0.3% rise on a surge in Utilities. However, aggregate industrial production for US remains 2% below its 2014 peak...

Manufacturing Surveys have all been soaring heading into today's IP print...

But, while August's tumble was revised slightly better to a 0.7% drop, September's print was only 'as expected'...

Authord by Chris Whalen via The Institutional Risk Analyst,

Almost as soon as it started, the excitement surrounding earnings for financials in Q3 2017 dissipated like air leaving a balloon.

Source: HedgeEye

Results for the largest banks – including JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) – all universally disappointed, even based upon the admittedly modest expectations of the Sell Side analyst cohort.