YoY, US Money supply  diminishing  at fastest pace since the 1930s

Notes Today: 

• Tension is building over the US debt ceiling, spurring investors as far away as Asia to prepare for the worst

• Global sea surfaces hit record temperatures this April...strong El Niño event appearing in the next few months looms over us...

• Currently, our planet contains eight billion humans. It also contains 33 billion chickens. 

• @VodafoneGroup: Our partner @AST_Spacemobile (ASTS) has completed the first two-way voice call using the Bluewalker 3 (#BW3) satellite 🛰️ 🌠It’s the first time anyone has achieved a direct voice connection from space to everyday cellular devices. A next major step in mobile communications.
• With @AST_SpaceMobile, we've been testing the first-of-its-kind space-based cellular broadband network, with mobile phones. See what AT&T engineer, Suja John, says about our future. #ConnectingChangesEverything

 

 

Ongoing solar storm  hits G4-levels

Some weather frogs are predicting a 62% chance of an El Nino event developing during the May-July timeframe. 

• If it does develop it implies a drier/warmer than normal US corn/soybean belt. 
• While Brazil and Argentina could be wetter than normal.
• Drier and hotter in southeast Asia
• Should Soybean production come in some 3% below current estimates the stock / usage ratio would drop to about 3.4% 

•  Now this from Chat GPT: I'm sorry, as an AI language model, I don't have the ability to predict future events with certainty. However, I can tell you that El Niño events are difficult to predict with a high degree of accuracy. El Niño is a climate phenomenon that occurs irregularly and can vary in strength and duration. It involves changes in ocean temperatures in the equatorial Pacific and can have significant impacts on global weather patterns. While there are some indicators that suggest the possibility of an El Niño event this year, it is impossible to say for certain whether one will occur. It's important to note that even if an El Niño event does occur, its impacts can vary depending on its strength and other atmospheric and oceanic conditions.
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FT: Deaths in China outstripping births for first time since 1960s

Is the headline curse about to diminish Apple?

Notes Today:

• Floridians will be able to carry concealed guns without a permit under a bill DeSantis signed Monday. This will allow anyone who can legally own a gun in Florida to carry one without a permit or training, nor will a background check be required.
• An estimated 26% of Americans ages 18 and older -- about 1 in 4 adults -- suffers from a diagnosable mentaldisorder in a given year. Many people suffer from more than one mental disorder at a given time. In particular, depressive illnesses tend to co-occur with substance use and anxiety disorders.

It is dangerous, “Spock says, “to be ill-informed about facts.”

 

Later

 

S&P 500 Stocks making new 52 week highs (6)

Activision Blizzard Ord Shs	84.39	ATVI.O
Copart Ord Shs	71.43	CPRT.O
Darden Restaurants Ord Shs	152.58	DRI
Hershey Foods Ord Shs	247.86	HSY
Mondelez International Ord Shs Class A	69.04	MDLZ.O
Regeneron Pharmaceuticals Ord Shs	820	REGN.O

 

Quick Overview is up to date

 

Notes Today: 

• In America, a gun is stolen from a car every 15 minutes. Thanks to lax gun laws like permitless carry, firearm thefts from cars are up 225% in the past decade, and are now the largest source of stolen guns, which then become ....  

• American consumers are one step closer to being able to buy chicken grown in bioreactors.

• After the government intervened at SVB, some are wondering if accounts at all banks are implicitly guaranteed. If so, what function does private banking serve? 

• Permit less carry bill passes Florida House, firearm training requirement removed.

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Why is money moving out of bank deposits? – explanatory chart..

 

Notes Today:

• Moody’s sees risk that US banking turmoil can’t be contained. Well, that does not sound very good. 

• WSJ: Elon Musk’s Twitter is now a gigantic $13 billion in debt due to advertisers fleeing to “protect their brands” from Twitter’s toxicity. 

• Yet another crypto dude, Do Kwon, is charged with fraud by US Prosecutors in New York. Could Munger be right and crypto is just an open sewer, full of malicious organisms?

Notes Today: 

• US FED raises interest rates for ninth time in a row despite recent banking turmoil. Recognizing "serious problems" in a small number of banks.

• Trump thinks perp walk in front of cameras might be "FUN." 

• A new paper argues there’s another way to hold big oil accountable for climate damage: trying companies for homicide. 

• Ford is about to break out big EV losses for the first time. Ford will begin reporting its financial results by business unit, instead of by region. The changes amount to the most detailed look yet by any legacy automaker into finances behind EV business. 

Very Interesting Chart:  

Periods When to Make Money

Via https://twitter.com/AlessioUrban  retweeted

Menthor Q@MenthorQpro

This chart is crazy, made in 1875 by Samuel Benner showing periods of panic, good time to sell assets and good times to buy. Mind blowing that he predicted so many events. Really telling. Don’t have the source someone sent it to me.

 

S&P 500 stocks making 52 week lows (36)

Instrument Name	Close	Symbol
Advance Auto Parts Ord Shs	119.4	AAP
Alexandria Real Estate Equities REIT Ord Shs	120.87	ARE
Allstate Ord Shs	105.11	ALL
American International Group Ord Shs	47.24	AIG
Assurant Ord Shs	104.92	AIZ
Bank of America Ord Shs	27.82	BAC
Baxter International Ord Shs	37.58	BAX
Boston Properties REIT Ord Shs	51.1	BXP
Camden Property Trust REIT Ord Shs	101.72	CPT
Centene Ord Shs	62.55	CNC
CF Industries Holdings Ord Shs	70.93	CF
CVS Health Ord Shs	74.37	CVS
DISH Network Ord Shs Class A	9.1	DISH.O
DXC Technology Ord Shs	22.92	DXC
Fifth Third Bancorp Ord Shs	24.95	FITB.O
First Republic Bank Ord Shs	23.03	FRC
Healthpeak Properties Ord Shs	20.74	PEAK.K
Hormel Foods Ord Shs	38.35	HRL
Huntington Bancshares Ord Shs	10.34	HBAN.O
Kimco Realty REIT Ord Shs	17.67	KIM
Lincoln National Ord Shs	20.3	LNC
Lumen Technologies Ord Shs	2.48	LUMN.K
M&T Bank Ord Shs	122.5	MTB
MetLife Ord Shs	54.87	MET
Newell Brands Ord Shs	11.39	NWL.O
Norfolk Southern Ord Shs	203.9	NSC
PNC Financial Services Group Ord Shs	123.72	PNC
Prudential Financial Ord Shs	78.02	PRU
Signature Bank Ord Shs	70	SBNY.O
SVB Financial Group Ord Shs	106.04	SIVB.O
Truist Financial Ord Shs	30.56	TFC
US Bancorp Ord Shs	32.95	USB
Westrock Ord Shs	27.07	WRK
Whirlpool Ord Shs	128.45	WHR
Williams Ord Shs	28.3	WMB
Zions Bancorporation Ord Shs	29.94	ZION.O

 

S&P 500 stocks making 52 week highs (3)

ANET.K	Arista Networks Ord Shs		163.26
MKTX.O	MarketAxess Holdings Ord Shs		389.77
NVR	NVR Ord Shs		5503

Notes Today:

• UBS's $3.3 billion buyout of CS met with a big yawn in the S&P futures market so far.

• Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year.

Gold over the previous hump, only just..

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Latest Dow Theory prediction

3/19/2022 Samll change in Dow Theory Prediction:

   Returning to bullish view if

   DJIA closes above 34581 "and"

   DJTA closes above 15587

 Quick Overview is up to date

A Four-Decade Secret: One Man’s Untold Story of Sabotaging Carter’s Re-election

“History needs to know that this happened,” Mr. Barnes, who turns 85 next month, said in one of several interviews, his first with a news organization about the episode. “I think it’s so significant and I guess knowing that the end is near for President Carter put it on my mind more and more and m
ore. I just feel like we’ve got to get it down some way.”

Better late than never!

Notes Today:

• Trump claims he ‘will be arrested’ on Tuesday in New York criminal case..

• After a pretty epic and  awful 12 months, crypto evangelists are enjoying a moment – what could go wrong?
• First Republic Bank (FRC) was cut to junk by S&P Global  and Fitch
• 

• Reminder: Under Trump, banks  with less than $250bn in assets (SVB -FRC) werefreed from the tightest regulatory scrutiny.

International Criminal Court Issues Arrest Warrant for Putin for War Crimes

The States Parties to the Rome Statute