Daily Top Ten – November 9, 2016

1.Keep Calm and Carry On…..



2.One-Year Lagged Returns of the Two Major Parties Almost Identical.

As you can see in the chart below, one-year lagged returns for the two major parties are almost identical.



3.How stocks have performed between Election Day and inauguration since 1928


Out of the 22 presidential elections since the creation of the S&P 500, the index has risen 14 times, or 63.6%, the Dow Jones data shows. On average, the move has been positive but no great shakes, with stocks rising 0.17%. When a Republican is elected, the average change has been a gain of 2.24%, while the average move following the election of a Democrat is a 1.56% decline.

When the party in power changes, the average move has been a decline of 2.97%, while the market has scored an average gain of 2.34% in the period when the same party retains the White House.

The charts below show how the market’s stacked up in each postelection stretch since 1928:


Here’s another look at the same data from LPL Financial, going back to 1952:


4.Brexit Vs US Election – Deja Vu All Over Again



So now we get the bounce?




5.Copper Spikes 15% as my Chart of the Year Chinese Yuan Sells Off.


The renminbi continues to decline. This trend may be contributing to the rapid rise in industrial metals prices (more on this below).


6.Americans Back in Love with Debt.

Wolf Richter Wolf Street.




Read Full Story at BI

This is the Big Issue with Higher Rates…Not to Mention Emerging Market Debt Based in U.S. Dollars.



7.Traders will be Watching S&P 200 Day Moving Average….3.2% Lower…

See if it closes below 200day.


8.Big Oil Companies Reported 67% Increase in Cash Flow Last Quarter…..Cost Cutting

Last quarter the world’s largest listed energy companies — Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and BP Plc — reported cash from operations of almost $26 billion, up 67 percent from the previous three months and more than double the first-quarter amount, according to data compiled by Bloomberg.


The majors remain unable to generate enough cash to cover investments in new projects and payouts to shareholders, meaning debts continue to rise. At the end of September, their combined debt totaled $142 billion, up from $46 billion a decade ago, according to data compiled by Bloomberg.


9.Read of Day….

Yes, We Can “Make America Great Again”

November 8, 2016 9:00am by Barry Ritholtz


Future of Manufacturing Source: Wonkblog

It doesn’t matter who gets elected today — nobody is going to bring back those manufacturing jobs.


Technology. Automation. Efficiency. Cost reduction.

Consider U.S. automobile production, rescued from the brink of bankruptcy by Obama (over Tea Party Objections). As the chart above shows, the U.S. industry now produce a fifth more vehicles than the pre-crisis peak — using a third fewer people.

Similar metrics can be applied to furniture manufacturing, clothing mills, steel production, just about all of the great jobs from the (really?) 1950s. Those jobs are also gone forever — maybe the factories will return, but only when the cost structure of a manufacturing plant becomes competitive to cheap overseas labor. How? Run a natural gas pipeline so you can co-generate reliable inexpensive electricity; create an automated facility with industrial robots overseen by a handful of humans. Viola! US manufacturing becomes great again.

Its not bad trade deals, government incompetence, evil corporate overlords, or Fed financial repression — its technology, and its more efficient, less expensive, higher profit generating costs savings of automation.

Yes, we can “Make America Great Again.” (see what I did there?) but it wont involve bringing back low wage jobs only to see them get replaced by robots.

Thats the Truth that none of the candidates have discussed. The world is much more complicated, nuanced and algorithm dependent than ever before. There is no silver bullet, only the endless challenges presented by global capitalism. The world is a very competitive place, and its filled with savvy people, companies and governments worldwide.

Want to achieve greatness? Why not go for world class everything in this country?

Encourage the best & brightest to come here: Change immigration laws (still with post 9/11 restrictions) to bring in high performers from around the world, including engineers from China & Israel, scientists from South Korea, mathematicians from Russia, programmers from Eastern Europe, business managers form Taiwan.

There is no free lunch: Stop believing in magical thinking. Stop buying into bullshit nonsense that has been disproved over and over again. Stop following snake oil salesman who tell you they have the magical elixir.

World class infrastructure: This country used to lead the world — we should again. Raise the U.S. federal gasoline tax from its 1993 level of 18.4¢/gal level, make highways and roads smart, rebuild bridges and tunnels, make airports as good as any in Asia or Europe.

Stop dumbing everything down: We are adults, please talk to us to that way.

Everything costs money: Recognize that if we want something, we have to a) pay for it; b) forgo something else. This is basic math and too many politicians in America ignore it;

Be realistic about balancing the budget: Time to admit the USA is under-taxed relative to our level of social services, military budget and future commitments. If you want to lower the deficit, you must change some combination of those three factors (Social services, Military Spending and Taxes). If you are unwilling to discuss any one leg of that trinity, you really should STFU about deficits, cause that is not your priority;

The country is purple, not blue or red: Stop dividing us into tribes. There is a huge amount of things we mostly agree upon — lets focus on that for a change;

Hard work: If you want this country to get ahead in this world, stop looking for cheats, short cuts, and easy outs. Instead, think about hard choices, expensive options, uncomfortable changes, and heavy lifting that needs to be done.

Smarts: Stop trashing the “elites.” Do you like the magical technological device in your pocket that puts the entire world at your fingerprints? Enjoy a lifespan beyond 30? How about modern transportation, entertainment, clean air and water? Those are all possible due to people who are smart, educated and applied themselves. Feel free to disdain them only after you stop using what their brains and sweat created.

Refi: Money is practically free now; refinance all American debt NOW before rates go higher. Introduce a 50 and 100 year bonds.

We, the people, are the government: Stop trashing it for political advantage. Governments around the world have proven they can solve problems; Hell, we proved that in the 20th century. Apply Federal Government’s strengths to solving America’s woes, not exasperating them.

Yes, we can make this country better in many many ways. We need to grow up, face reality, and stop lying to ourselves.  The sooner that happens, the sooner an already wonderful country will become even greater.



10.My best trick to find enough time for my business, my marriage, and my kids comes down to priorities

  • Grant CardoneContributorGrant Cardone explains how he finds enough hours in the day for everything he cares about. Grant CardoneEasy: I write down the parts of my life that I want to be great in, and then I become obsessed with making time for them rather than making excuses.Kids don’t need hours of your time; they just need some of your time. By being both committed to spending time with my kids and creative about how I do that (by hanging out with them in the mornings instead of at night, for example, or taking them to the gym with me), I make my time fit my needs. I don’t manage time — I make time.My wife and I do as much as we can together at the business; we look for opportunities to work together and grow the brand. We take what each of us is good at and then each invest energy in that. I don’t ask her to make sales calls; I let her do what she is good at, which includes producing projects with Grant Cardone TV and more.As I mentioned earlier in the book, blank space in my calendar leads to boredom, which has gotten me into trouble in the past. To avoid that, I’ll up my time with appointments and activities. Today, at fifty-eight, I literally run from one meeting to the next. When I fly into a city to do one meeting, I will stack my calendar with other meetings in that area.Your time and your focus are precious, so treat them that way. There’s time to do it all — when you make time and quit managing it.http://www.businessinsider.com/grant-cardone-how-i-find-time-for-everything-2016-11
  • Republished with permission from “Be Obsessed or Be Average,” by Grant Cardone. Copyright © 2016 by Portfolio/Penguin, an imprint of Penguin Random House LLC. All rights reserved.
  • Also, stop wasting time on tasks that don’t matter and don’t fuel your obsessions. For example, someone else should mow the lawn and wash the car, if those chores don’t get you closer to your goal. Pay someone else to do tasks that aren’t a part of your obsession.
  • One way we optimize time is to spend time together while building the business. For example, we typically don’t go out to dinner just the two of us. Instead we invite employees or customers to join us, so we optimize that time too. I don’t see a point in spending money on a nice dinner for just the two of us. I’d rather spend four times the amount on a dinner that will produce more opportunities for us and our business. And honestly, one date night once or twice a week won’t build a strong marriage. We have a strong marriage because we’re on the same page 100 percent of the time, including in how we view time.
  • By the way, it’s not just about what the kids need — their parents need time together too. My marriage doesn’t exist in a vacuum, either; running businesses, a marriage, a family, and the rest of life is a challenge.
  • Case in point: I am committed to making time for my family. To pull this off, I have to be smart about it. I get my young children up each morning and we go for a drive to the local coffee shop, where the three of us hang out together. After fifteen to thirty minutes of quality time, they’re done with me. When we return home, they eat, and then we all get ready for school or the office.
  • People constantly ask me, “How do you get everything done?”