Gundlach’s First Webcast Of 2014: “Let the Race Begin! 2014 Markets: Year of the Horse”

“Bond King” Bill Gross may not have had a good year following over $40 billion in redemptions from his $250 billion Total Return Fund, but another aspirational Bond King, DoubleLine’s Jeff Gundlach, had an even worse year on an relative basis, when his Total Return Bond Fund saw $6 billion in redemptions ending the year at $30.9 billion in AUM following seven consecutive months of withdrawals. So in his attempt to start the new year on better footing, here is his first webcast (as usual open to the public), titled “Let the Race Begin! 2014 Markets: Year of the Horse“, in which as usual Jeff will discuss the economy, the markets and his outlook for the best investment strategiest of 2014. Let’s hope that for bond fund manager, that 2014 is not just another “year of the donkey”, as was the case in the past year which everyone managing duration would rather forget.

The webcast begins at 4:15 pm Eastern and anyone willing to do so, can register at the following link.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/bjVYcpXm4vY/story01.htm Tyler Durden

Gundlach's First Webcast Of 2014: "Let the Race Begin! 2014 Markets: Year of the Horse"

“Bond King” Bill Gross may not have had a good year following over $40 billion in redemptions from his $250 billion Total Return Fund, but another aspirational Bond King, DoubleLine’s Jeff Gundlach, had an even worse year on an relative basis, when his Total Return Bond Fund saw $6 billion in redemptions ending the year at $30.9 billion in AUM following seven consecutive months of withdrawals. So in his attempt to start the new year on better footing, here is his first webcast (as usual open to the public), titled “Let the Race Begin! 2014 Markets: Year of the Horse“, in which as usual Jeff will discuss the economy, the markets and his outlook for the best investment strategiest of 2014. Let’s hope that for bond fund manager, that 2014 is not just another “year of the donkey”, as was the case in the past year which everyone managing duration would rather forget.

The webcast begins at 4:15 pm Eastern and anyone willing to do so, can register at the following link.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/bjVYcpXm4vY/story01.htm Tyler Durden

Stocks Reverse Yesterday’s Losses On Low-Volume, Carry-Driven Melt Up

Following yesterday's worst day in stocks in 4 months, something had to be done. Starting at yesterday's US close JPY was sold after defending USDJPY 103 and that – along with a slamdown in gold, silver, and VIX provided the admittedly low volume melt-up in stocks today. Trannies and NASDAQ made it back into the green year-to-date. The small beat in retail sales this morning trumped the relative hawkish tones from Fed speakers today as the best day for USDJPY since the taper provided enough magical carry juice to lift stocks by their most since the taper (and the NKY up 400 points) with JPY-ES correlation over 0.92 today. Treasuries bled higher in yield with the belly underperforming (to unch on the week) and 5s30s flattening 3bps. The USD was bid against all the majors with JPY's move the largest as CAD retraced its gains from yesterday to its weakest in over 4 years. Gold and silver were quadruple-whammied today with 4 legs down after daring to show strength yesterday. VIX floored out at 12% once again and leaked higher all afternoon with a late-day press to try and ignite more buying in stocks. In summary, stocks mirror-imaged yesterday's dump with a half-volume pump, that is all.

 

"V" for Victory… as NASDAQ and Trannies go green year-to-date once again…

 

With the Yendex 500 (h/t @Not_Jim_Cramer) continuing its sublime path higher…

 

Today's closing S&P 500 futures VWAP perfectly in line with yesterday's closing VWAP… Interestingly, the moment it hit VWAP the rally stopped…

 

Healthcare is now the big winner since the Taper…as builders retreat

 

VIX was slammed lower out of the gate and lifted stocks… until the European close when it diverged notably…

 

The USD is back to unchanged on the week as USDJPY has its 2nd biggest surge in 4 months!!!

 

Gold and Silver suffered but retraced back in line with oil and copper on the week…

 

But the day saw 4 good efforts to smack down gold…

 

Treasuries sold off today (and flattened 5s30s) but remain notably positive post-jobs…

 

Charts: Bloomberg

Bonus Chart: The last 3 times the S&P 500 dropped significantly this happened. As dshort.com shows (via kimblechartingsolutions), when the 10Y Treasury yield finds resistance, the stock market seems to want to drop… almost as if someone knows that, given the US debt load, it can't withstand a higher cost of debt


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/sdyNgl2xfm8/story01.htm Tyler Durden

Stocks Reverse Yesterday's Losses On Low-Volume, Carry-Driven Melt Up

Following yesterday's worst day in stocks in 4 months, something had to be done. Starting at yesterday's US close JPY was sold after defending USDJPY 103 and that – along with a slamdown in gold, silver, and VIX provided the admittedly low volume melt-up in stocks today. Trannies and NASDAQ made it back into the green year-to-date. The small beat in retail sales this morning trumped the relative hawkish tones from Fed speakers today as the best day for USDJPY since the taper provided enough magical carry juice to lift stocks by their most since the taper (and the NKY up 400 points) with JPY-ES correlation over 0.92 today. Treasuries bled higher in yield with the belly underperforming (to unch on the week) and 5s30s flattening 3bps. The USD was bid against all the majors with JPY's move the largest as CAD retraced its gains from yesterday to its weakest in over 4 years. Gold and silver were quadruple-whammied today with 4 legs down after daring to show strength yesterday. VIX floored out at 12% once again and leaked higher all afternoon with a late-day press to try and ignite more buying in stocks. In summary, stocks mirror-imaged yesterday's dump with a half-volume pump, that is all.

 

"V" for Victory… as NASDAQ and Trannies go green year-to-date once again…

 

With the Yendex 500 (h/t @Not_Jim_Cramer) continuing its sublime path higher…

 

Today's closing S&P 500 futures VWAP perfectly in line with yesterday's closing VWAP… Interestingly, the moment it hit VWAP the rally stopped…

 

Healthcare is now the big winner since the Taper…as builders retreat

 

VIX was slammed lower out of the gate and lifted stocks… until the European close when it diverged notably…

 

The USD is back to unchanged on the week as USDJPY has its 2nd biggest surge in 4 months!!!

 

Gold and Silver suffered but retraced back in line with oil and copper on the week…

 

But the day saw 4 good efforts to smack down gold…

 

Treasuries sold off today (and flattened 5s30s) but remain notably positive post-jobs…

 

Charts: Bloomberg

Bonus Chart: The last 3 times the S&P 500 dropped significantly this happened. As dshort.com shows (via kimblechartingsolutions), when the 10Y Treasury yield finds resistance, the stock market seems to want to drop… almost as if someone knows that, given the US debt load, it can't withstand a higher cost of debt


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/sdyNgl2xfm8/story01.htm Tyler Durden

Jon Stewart on Chris Christie…Absolutely Hilarious

Regular readers know that I am no fan of Chris Christie. Just yesterday, I highlighted a post written by Chris Hedges on the New Jersey Governor, which is a must read expose if you haven’t already.

While Hedges’ criticisms of Christie are nothing to laugh about, Jon Stewart’s certainly are. Have fun with this hilarious clip!

 

Like this post?
Donate bitcoins: 1LefuVV2eCnW9VKjJGJzgZWa9vHg7Rc3r1

 Follow me on Twitter.

Jon Stewart on Chris Christie…Absolutely Hilarious originally appeared on A Lightning War for Liberty on January 14, 2014.

continue reading

from A Lightning War for Liberty http://ift.tt/1dtGCnP
via IFTTT

Supreme Court Decision – Electronic Devices Granted Some Protection at Border Crossings

Border crossings are a great place for government bureaucrats to harass the citizenry. Over the past several years, most of us have heard horror stories in this regard. I highlighted several stories of border crossing concerns last year, with the two most interesting being:

Why I Will Never, Ever, Go Back to the United States by Niels Gerson Lohman

and

If Flying into the UK, Your Phone Can Be Seized and Data Downloaded Without Suspicion

One of the greatest fears of activists, journalists and average citizens alike, is that some border patrol agent can confiscate your electronics on a whim and then use sophisticated software to break your passwords and look through all your personal files and data. Fortunately, the Supreme Court just let stand the ruling by an appellate court, which ruled that a deep forensics analysis of one’s electronics can only occur if there is “reasonable suspicion” of criminal activity. That’s at least a start in the right direction.

From Wired:

Without issuing a ruling, the justices let stand an appeals court’s decision that U.S. border agents may indeed undertake a search of a traveler’s gadgets content on a whim, just like they could with a suitcase or a vehicle. That is known as the ”border search exception” of United States law, where travelers can be searched without a warrant as they enter the country. The Obama administration has aggressively used this power to search travelers’ laptops, sometimes copying the hard drive before returning the computer.

However, in a rare win for digital privacy, the 9th U.S. Circuit Court of Appeals’ ruling last year concluded that a deeper forensic analysis by border officials using software to decrypt password-protected files or to locate deleted files now requires “reasonable suspicion” of criminal activity — an outcome the justices refused to tinker with today.

That means, in essence, the authorities must have some facts, rather than a hunch, that illegal activity is afoot to perform a forensic analysis on electronics seized along the border of the western United States.

continue reading

from A Lightning War for Liberty http://ift.tt/1aCVCgN
via IFTTT

Chris Christie’s State Of The State – Live Feed

This should be good… just don’t mention the bridge (and with any luck this won’t last as long as the press conference)

  • *CHRISTIE SAYS MISTAKES WERE CLEARLY MADE
  • *CHRISTIE SAYS I AM ULTIMATELY RESPONSIBLE FOR ALL THAT HAPPENED

click image for NBC live stream


    



via Zero Hedge http://ift.tt/1m1puYX Tyler Durden

Chris Christie's State Of The State – Live Feed

This should be good… just don’t mention the bridge (and with any luck this won’t last as long as the press conference)

  • *CHRISTIE SAYS MISTAKES WERE CLEARLY MADE
  • *CHRISTIE SAYS I AM ULTIMATELY RESPONSIBLE FOR ALL THAT HAPPENED

click image for NBC live stream


    



via Zero Hedge http://ift.tt/1m1puYX Tyler Durden