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JPM Still Hates The Market Rally: Here Are Its Reasons

JPM Still Hates The Market Rally: Here Are Its Reasons

In the past month, not a day has passed without some major sellside firm (yes, that also now includes traditional bull Goldman Sachs) releasing its bearish take on deteriorating fundamentals, and urging clients to not only not buy the rally but sell into it (and as both retail and "smart money" flows indicate, this advice ha been heeded). Today it's JPM's turn. In the latest note is out of JPM's Mislav Matejka, the equity strategist presents five reasons why "upside for stocks is limited" due to numerous reasons but mostly because "global activity momentum is failing to pick up."

Futures Flat Following Friday's Jobs Fiasco: All Eyes On Yellen Again

Futures Flat Following Friday's Jobs Fiasco: All Eyes On Yellen Again

Every ugly nonfarm payrolls has a silver lining, and sure enough following Friday's disastrous jobs report, global mining and energy companies rallied alongside commodities after the jobs data crushed speculation the Fed would raise interest rates this month.  “The disappointing U.S. jobs report on Friday means that a summer Fed rate hike is off the table,” said Jens Pedersen, a commodities analyst at Danske Bank. “That has reversed the upwards trend in the dollar, supporting commodities on a broader basis.

Hillary Clinton Admits ISIS Was Created By U.S. Government

The mainstream media are covering up the fact that Hillary Clinton admitted in public that the U.S. government created both ISIS and Al Qaeda.  Why are most mainstream media outlets refusing to tell the public that the U.S. has never actively fought ISIS, but has instead supported them secretly in the Middle East? Chuckbaldwinlive.com reports: I’ll tell you why: the MSM is nothing more than a propaganda machine for the U.S. government–no matter which party is in power. The MSM doesn’t work for the U.S. citizenry. It doesn’t even work for its corporate sponsors.

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