December Publication of the Daily Chronology of Global Markets and World Economics 2016-12 is Available from Amazon; Stocks Print All-Time Record Highs SPX 2278 INDU 19988 COMPQ 5512 RUT 1393 NDX 4992 FTSE 7143; FOMC Raises Rates 12/14/16; 2016 Market Statistics; Trump Rally; Global Populism; US Dollar Above 103; Italian Bank Trouble; Dow 20K Watch Continues; Dow Theory Confirmation

The December Publication of the Daily Chronology of Global Markets andWorld Economics 2016-12 is available through Amazon. The epic market action continues with the Trump Rally marching on from November through December.

December’s Cover Highlights;

FOMC RAISES RATES

STOCKS PRINT ALL-TIME RECORD HIGHS

SPX 2278 INDU 19988 (only 13 points away from 20K!) COMPQ 5512 RUT 1393 NDX 4992 FTSE 7143

DOW 20K WATCH

DOW THEORY CONFIRMATION

2016 MARKET STATISTICS

TRUMP RALLY

GLOBAL POPULISM

ITALIAN BANK TROUBLE

The month of December is historic. The Italian referendum shows the door to PM Renzi. Stocks fall for a few minutes then rally strongly just like after the Brexit vote and US election. The stock markets do not sell off to any great extent since traders know the central bankers will keep pumping equities higher with easy money.

The Fed raises rates in mid-December and stocks rally again. The bulls are buying stocks with reckless abandon. The Dow 20,000 watch continues with the INDU, or DJI, coming within 13 points of the coveted 20K only to fall on its sword to end the year. A Dow Theory confirmation signal was given when the trannies (TRAN; Dow Transports) printed a new all-time record high confirming the highs on the Dow Industrials. However, the transports have driven lower in the back half of December.

The Italian banking problem continues to fester and stink like garbage in the hot summer sun. Monte dei Paschi, the world’s oldest bank, is also the biggest piece of rubbish. Central bankers are figuring a way to bailout the troubled lender but the problems continue with other Italian banks as well as Portuguese and Spanish banks. Any of these banks may create global contagion a la Lehman Brothers in late 2008 that precipitated the global financial crisis. The global populism movement continues with elections on tap this spring in Netherlands and France.

The chronology explains the reaction in stocks, bonds and currencies to key events and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists in this format where the stock, bond and currency moves are provided and explained as world events take place in real-time. You can re-live the real-time price moves and excitement in markets for any past event including Brexit, the US election, economic data releases, Fed meetings, etc...

The chronology records economic history preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 repeat the same mantra in 2015-2016. The stock market topped out in May 2015 which places anyone that listened to television pundits over the last couple years either flat or underwater on their long trades. The global central banker go juice has pumped stocks higher from February of this year creating new all-time highs and rewarding the Keynesian loyalists.

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