AS WE START A NEW DAY ON WALL STREET …. MAY THE INVESTMENT GOD’S BE WITH YOU ………          NEWS FLASH … ……………..   NEWS OF INTEREST:     According to Coin Schedule,  Initial Coin Offerings (ICO’s) have raised $1.25 billion this year, which has now outpaced all global Angel & Seed stage Internet VC funding………….   Soda consumption in the United States fell to a 31-year low in 2016, according to statistics at Beverage-Digest, and the decline can mainly be attributed to waning demand among health-conscious consumers, what a difference 31 years makes. But in an interesting twist, Coca-Cola’s stock price is sitting at an all time record!  …….  Personal savings rates are falling sharply… According to newly revised government data, Bloomberg reports that American households scaled back their pace of savings to the lowest level in nine years at the end of 2016 as the growth of their wages and salaries slowed and Obama care health related expenses climbed dramatically ……..Credit Suisse is out with a report saying “one of the major features of the U.S. equity market since the low in 2009 is that the U.S. corporate sector has bought 18% of the overall market cap, while institutions have sold 7% of the market cap! What this means is that there has been only one buyer of stock: the companies themselves, who have engaged in the greatest debt-funded buyback spree in history  …………..  Has SILVER production peaked! 2016 was the first year in more than a decade that saw SILVER production decrease year over year. Add to that SILVER has also been trading at a physical deficit to demand for the last 4 years and 5 of the last 6 years and is expected to continue at a deficit again in 2017…. Even more interesting – 70% of SILVER is produced as a byproduct of Copper mining and Lead/Zinc mining operations meaning that there is real scarcity once demand picks up…. Howmuch.net recently released a report showing that the top 5 states in the U S contributed to 40% of the total U S GDP. The leading state was California at $2.11 trillion or 13% of total U S GDP, second was Texas at $1.46 trillion or 9.5% of GDP and third was New York at $1.28 trillion or 8.4%. Ranked number 4 and 5 were Florida at $769 billion or 4.8% and Illinois at $680 billion or 6.3% …….         NEWS OF INTEREST: The U.S. marriage rate has dropped from 8.2 per 1,000 in year 2000 – to its lowest rate ever at 6.8 per 1,000 based on most resent statistics ……..      NEWS OF INTEREST: The Buffett Indicator which measures corporate equities as a percent of GDP shows that the stock markets are now at their second highest valuation point in history – 127.17% of GDP.  The record stands at 153.62% of  GDP,  and was reached at the top of the market back in 2000.   Stocks are now over 2 standard deviations above the mean of approximately 74% of GDP ……….       Census         News:    The U.S. Census Bureau Homeownership Data.  It Confirmed That The Homeownership Rate Continued To Fall To A New Multi Year Low, Coming In At 63.5%, Which Is Just Off The Lowest Reading Since The First Quarter Of 1967.   The All Time Record Home-ownership Low Stands Just Below That At 62.9%, And Was reached 50 Years Ago In 1965 At 62.95%   ……….               NEWS OF INTEREST:    Meet BRAEBURN CAPITAL, The Worlds Largest “Hedge Fund”, Managing $203 Billion …….. Braeburn Capital is the worlds largest hedge fund, and is more than $30 billion larger then what was previously thought to be the largest hedge fund in the world, that being Ray Dallio’s Bridgewater. But the question of the day is – has anybody ever heard of Braeburn Capital? Hint …… Braeburn’s headquartered in Reno Nevada, and it’s mother company is a Cupertino-based company that got its start in a garage many years ago. Still wondering, well here’s a second hint….The company is named after a fruit of which the old saying goes, one _ _ _ _ _ a day is said to keep the doctor away! Got it …. Yes, If you guessed Apple you’re right. Apple is the owner of Braeburn Capital of Reno Nevada and Braeburn’s job is to manage all of Apples cash. And as you can tell by now, Apple has a big stash of cash to invest!                     NEWS OF INTEREST: A recently Released USA TODAY/ PEW RESEARCH Poll Shows That 75% Of Americans See Politicians As Corrupt; 2-to-1 Now Distrust The Police ……….       New Flash ……. Bloomberg:  The CEOs of 350 Standard & Poor’s 500 companies made 331 times more than their employees in 2012, up from a ratio of 46-to-1 in 1983 …. Technology News Flash ….. Did You Know That BlackBerry Has Recently Released The Worlds Most Private Super Secure Tablet, Using IBM Confidential Data Software and in Collaboration with Samsung …. Question: Is The BlackBerry SecuTablet Uncrackable? The German Government Thinks So, And Have Already Placed Their Order!           News Of Interest …. Former SEC Director John Ramsay Admits: The Markets Are Rigged, SEC Director of Trading & Markets, John Ramsay tells Bloomberg he ”had red tape over his mouth,” but now he is ”uncorked.” He says the current markets of today are built to favor insiders and that the system is broken! Ramsay goes on to say, “The current market ecosystem is not sustainable, and significant changes are coming one way or another,” ………. .DATELINE 2015:        The Census Bureau Announced That Home-Ownership Continues On A Downward Slide And Is Now Back To 1994 Ownership Levels Of 64%. Accordingly, 2014 Was The Largest Decline In Home-Ownership Rates Ever!            DATELINE NEWS …… Bond Guru JEFF GUNDLACH of DOUBLE LINE CAPITAL said today that he thinks ALL of the job creation since 2007 has been oil fracking related. As proof, he says that if you extract the data from Texas and North Dakota, you will see no growth in what remains. GUNDLACH thinks this may present a real problem for the Fed and the economy!       DATELINE NEWS: DEBT …… Total Credit Market Debt has grow at an exponential clip of 8% per annum over the last 6 decades. Chris Martinson says we are now in the servicing of our debt ”business” which enriches no one. Even worse, nobody knows how to fix it!         DATELINE NEWS OF INTEREST…… Charity Group Oxfam Research said in a report published recently, that the share of world wealth owned by the top 1% has increased from 44% in 2009 to 48% in 2014 and is expected to reach 50% next year, while the least well-off 80% currently own just 5.5% of world wealth! The scale of global inequity is simply staggering! It is the widest wealth gap ever seen in world history.       DATELINE NEWS: California is set to become the 7th largest economy in the world by surpassing Russia, Italy and very soon Brazil. Interestingly Brazil’s population is five times larger then California’s! California leads the United States in agriculture, technology and manufacturing revenue and has more S&P 500 companies headquartered there than any other state! But there is room for improvement as California has the highest poverty rate in the nation at close to 25%.         DATELINE 2015….. Records are made to be broken, but not this one … The S&P 500 did not drop more than two consecutive days during the entire year of 2014, this is a new all-time record, and one that will probably never again be broken ……

IMH
13.91
+0.36
+2.66%
 
IBM
142.5
+0.43
+0.30%
 
NEM
36.13
+0.36
+1.01%
 
AXU
1.435
+0.065
+4.745%
 
MRK
62.7
+0.2
+0.32%
 
DD
82.01
+0.43
+0.53%
 
XOM
77.47
-0.57
-0.73%
 
MRO
11.19
-0.34
-2.95%
 
AA
39.23
+1.73
+4.61%
 
SSRI
9.56
-0.15
-1.54%
 
F
10.8
-0.04
-0.37%
 
MCD
158.9
+1.28
+0.81%
 
GM
35.75
+0.21
+0.59%
 
DOW
63.94
+0.27
+0.42%
 
UK
20.5
0.00
0.00%
 
TXN
82.46
+0.51
+0.62%
 
GG
13.03
+0.3
+2.36%
 
IMH
13.91
+0.36
+2.66%
 
IBM
142.5
+0.43
+0.30%
 
NEM
36.13
+0.36
+1.01%
 
AXU
1.435
+0.065
+4.745%
 
MRK
62.7
+0.2
+0.32%
 
DD
82.01
+0.43
+0.53%
 
XOM
77.47
-0.57
-0.73%
 
MRO
11.19
-0.34
-2.95%
 
AA
39.23
+1.73
+4.61%
 
SSRI
9.56
-0.15
-1.54%
 
F
10.8
-0.04
-0.37%
 
MCD
158.9
+1.28
+0.81%
 
GM
35.75
+0.21
+0.59%
 
DOW
63.94
+0.27
+0.42%
 
UK
20.5
0.00
0.00%
 
TXN
82.46
+0.51
+0.62%
 
GG
13.03
+0.3
+2.36%
 
Cryptonite

Cryptonite

There are currently over 400 crypto currencies out there, and 9 have a market cap in excess of $1 billion.

FAQs:

1. Two Sides To The Coin: Is Cryptocurrency a “Currency” or “Commodity”?

Answer: It depends who you ask. The complexity exists because coins have attributes of a currency (e.g. presented and trusted by some medium of exchange) and commodity (e.g. limited resource). The classification of cryptocurrencies varies by country, government and even application. In the U.S., the IRS has ruled that virtual currency does not have legal tender status in any jurisdiction. For tax purposes, the IRS treats virtual currency as property.

2. How Big Is The Cryptocurrency Market?

Answer: Nearly $120 billion. Bitcoin remains the largest and accounts for nearly 50% of the total market cap (Exhibit 5).

3. What Is Ethereum? 

Answer: A Platform 1st, a Cryptocurrency 2nd. Ethereum differs primarily from Bitcoin in the latter is set up to be an alternative to ‘real money’ while the former is more of a platform set up to run any decentralized application and automatically execute “smart contracts” when certain conditions are met. Ethereum offers a digital currency like Bitcoin – called Ether – but this is just one component of its smart contract execution and primarily used to facilitate and reward using the network. However, the rise of Ethereum has not come without setbacks, including the ~$60 million hack of “The DAO”, a venture capitallike organization with the mission of “investing” in Ethereum-related start-ups and projects (and is no longer operational today).

4. How Does One Trade Cryptocurrencies in the United States?

Answer: Digital Exchanges, Block Trades and (soon to be) Options. Individual investors can trade virtual coins on various online exchanges. Institutional traders have largely stayed out of the cryptocurrency market due to its relatively small size, structure of mandates and volatility, but block trading exists to facilitate the execution of larger orders. In addition, Bitcoin options exist and are traded on offshore exchanges. Futures and options may also be coming to the US soon. On August 2, 2017, the CBOE entered an agreement with Gemini Trust Co to allow cash-settled Bitcoin futures on CBOE Futures Exchange in 4Q-17 or early 2018.

5. What is an Initial Coin Offering (ICO)?

Answer: Fundraiser through token sales. The amount of money funding ICOs has grown exponentially and the speed at which money is raised via a white paper and internet browser has sounded the alarm bells from parties including the SEC and the People’s Bank of China. According to Coin Schedule, ICOs have raised $1.25 billion this year, outpacing global Angel & Seed stage Internet VC funding in recent months.

The Armstrong Economics Market Valuation Chart

The Armstrong Economics Market Valuation Chart

Martin Armstrong has created a proprietary market index, here is the index on a monthly basis up to the close of July 2017. According to Marty we are by no means overbought and we are a VERY VERY VERY VERY long way away still – no matter how nuts that seems to many. We are well below the 1929 highs still.

The historical low in this index took place in August 1981, one month prior to the low in the bonds and the shift from Public to Private investment following the 1929 high. It retested that low in August 1985, one month before the Plaza Accord and the Plateau move we were forecasting back then for the breakout in the US share market.

This index has been correlated to major shifts incredibly often one month leading events. It may be our best index ever created. It has been back tested starting in 1790. It is something I most certainly look at to see where we are historically. So while everyone has been screaming CRASH, this index has stood its ground just saying – sorry boys – just no way.

The historical high took place in December 1928 and then the retest came in August 1929 and failed one month before the major high.

This complex Index is being added to the Global Market Watch for it is time to begin paying attention to this on a daily level.

Billion Dollar Private Unicorns And Where They Come From …

Billion Dollar Private Unicorns And Where They Come From …

The United States is home to 105 (privately owned) unicorn companies valued at $1B+.
CBInsights.com reports that six private US companies are worth over $10B. The two most valuable unicorns in the US are Uber ($68B) and Airbnb ($29.3B). Palantir Technologies and WeWork, both valued at $20B, are tied for third.
Of the top four highest valued, only WeWork (which is based in NYC) is headquartered outside California.
 
Click on the chart to enlarge…

California has the highest unicorn “population” of any US state by far, with 62 billion-dollar startups inside its borders. New York ranks second with 15, followed by Massachusetts and Illinois with five each. Eight other states and the District of Columbia are also home to at least one company worth $1B+.

Key insights about the companies in this map:

  • Collectively, US unicorns are worth approximately $360B.
  • Combined, these companies have raised just over $73B.
  • After California, New York, Massachusetts, and Illinois, the next-highest unicorn populations are found in Utah (with four) and Florida (with three).
  • The top five most well-funded US unicorns are: Uber ($15.1B raised), Airbnb ($4.4B), WeWork ($2.76), Infor ($2.63B), and Lyft ($2.46B).
  • The oldest unicorn in the US is the greentech company Bloom Energy, which reached a valuation above $1B in 2009.
  • The newest unicorn in the US is 3D printing startup Desktop Metal, which became a unicorn in July 2017 after raising a $115M Series D.
  • The three most active investors in US-based unicorns, by total number of deals to these companies, are the VC firms Sequoia Capital, Andreessen Horowitz, and Tiger Global Management.   – CBINSIGHTS
2017 Key Gold Demand Trends For The Second Quarter

2017 Key Gold Demand Trends For The Second Quarter

Gold – Key findings included in the Gold Demand Trends Q2 2017 report are as follows:

  • Overall demand was 953t, a fall of 10% compared with 1,056t in Q2 2016
  • Total consumer demand rose by 9% to 722t, from 660t in the same period last year
  • Total investment demand (ETFs) fell 34% to 297t compared with 450t in Q2 2016
  • Gold coins and bars rebounded 13% in H1
  • Global jewelry demand grew 8% to 481t, from 447t in the same period last year
  • Central bank demand climbed 20% to 94t compared with 78t in Q2 2016
  • Demand in the technology sector increased 2% to 81t compared with 80t in Q2 2016
  • Total supply was down 8% to 1,066t, from 1,160t in the same period last year
  • Recycling fell 18% to 280t compared with 343t in Q2 2016

Soda consumption in the United States fell to a 31-year low in 2016, according to Beverage-Digest. That decline can mainly be attributed to waning demand among health-conscious consumers.

Here’s how much each drink category grew between 2015 and 2016, according to the Beverage Marketing Corporation.

The theme is easy to spot: Lower-calorie products like value-added water (sparkling, flavored, and “enhanced” waters), bottled water, coffee and tea are attracting more shoppers. Higher-calorie products, like sugary sodas and fruit beverages, are fading.

That would seem like terrible news for Coca-Cola (NYSE: KO) and PepsiCo (NYSE: PEP), but both companies have been diversifying away from sodas with bottled water, teas, sports drinks, and other higher-growth beverages.

Coca-Cola has exposure to the energy drink market through a large stake in Monster Beverage, and PepsiCo is well-diversified in packaged foods with Quaker and Frito-Lay products. The soda market will likely remain challenging, but shrewd companies will roll with the punches and change up their product mix.

Sources: Motley Fool

This Is Potentially One Of The More Interesting Market Topping Indicators We’ve Ever Seen!

This Is Potentially One Of The More Interesting Market Topping Indicators We’ve Ever Seen!

Makes all the sense in the world that this would call market tops and recessions … look for a turn down in this indicator to put in a top in the market. When could we expect it to turn down? Most likely by year end or mid 2018.

Notice the mini-spike in the late 1990’s and the major spike in mid-2000’s, both of which were followed by corrections. Now note the mega-spike from 2010 and 2016.

‘The RV space is on fire’: Millennials expected to push sales to record highs

(CNBC) – RV shipments are expected to surge to their highest level ever, according to a forecast from the Recreation Vehicle Industry Association.  It would be the industry’s eighth consecutive year of gains.

Source: ZeroHedge.com

U.S. Personal Savings Rates Are Plunging …

U.S. Personal Savings Rates Are Plunging …

According to newly revised government data, Bloomberg reports that American households scaled back their pace of savings to the lowest level in nine years at the end of 2016 as the growth of their wages and salaries slowed.

The personal savings rate was 3.6% in the fourth quarter of 2016, down from a previously published 4.9%, according to somewhat dramatic annual revisions to gross domestic product and related data, released Friday by the Commerce Department. That’s the lowest reading since a 2.8% rate in the final three months of 2007, just as the U.S. was entering a recession.

Source: ZeroHedge