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Market Blows Speculative Top, As Reported COVID Spike Appears…Russia Hoax 5?

Market Blows Speculative Top, As Reported COVID Spike Appears...Russia Hoax 5?

It seems obvious to CDMedia that the Russia Hoax, the impeachment scam, the Chinese coronavirus pandemic, and the race riots, have all been back-to-back attempts to bring down Trump and the American economy in order to prevent the President’s re-election. We don’t believe in coincidences.

So today, as the Black Lives Matter looting winds down, we have the next boogeyman released onto investor’s psyche — the Second Wave!

Of course, the market sold off in conjunction with the reports; Treasury Secretary Mnuchin even felt the need to say we are not shutting down the American economy again.

“We can’t shut down the economy again. I think we’ve learned that if you shut down the economy, you’re going to create more damage,” Mnuchin said in an interview with CNBC’s Jim Cramer on “Squawk on the Street.” 

“And not just economic damage, but there are other areas and we’ve talked about this: medical problems and everything else that get put on hold,”  he added. “I think it was very prudent what the president did, but I think we’ve learned a lot,” reported CNBC.

In actuality, this pause is healthy, as the market had gone straight up for a month. The American economy is rebounding. That is obvious to anyone living outside a blue state lockdown. This will continue into the election, bar the emergence of Russia Hoax 6, 7, 8, or 9. Dirty bomb, EMP blast anyone?

Economic data released today was basically in line with consensus.

Producer Price Index (YoY) (May) printed at -0.8% vs -1.2% consensus estimate.

Producer Price Index ex Food & Energy (MoM) (May) printed at the estimate of -0.1%.

Producer Price Index ex Food & Energy (YoY) (May) printed at 0.3% vs 0.4% estimate.

Continuing Jobless Claims (May 29) printed at 20.929M vs 20M estimate.

Producer Price Index (MoM) (May) printed at 0.4% vs 0.1% estimate.

Initial Jobless Claims (Jun 5) printed at 1542k vs 1550k estimate.

Initial Jobless Claims 4 week average (June 5) printed at 2002k.

EIA Natural Gas Storage Change (June 5) printed at 93B vs 121B estimate.

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7 comments

Market Blows Speculative Top, As Reported COVID Spike Appears…Russia Hoax 5? - Globalist News | #Globalist June 11, 2020 at 7:03 pm

[…] post Market Blows Speculative Top, As Reported COVID Spike Appears…Russia Hoax 5? appeared first on CD […]

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Wordofreason June 11, 2020 at 8:40 pm

This is all preplanned and their scrips are in hand for the “second wave” all scare tactics and BS to damage the President. If you look back to when they started the “second wave” talk, we were just getting into the shutdown. Who plans their next meal before you are done with your salad of your current meal?
If President Trump sends troops into Seattle he will be playing into the leftists plans. Any blood in Seattle would be on President Trump and the next coup impeachment would begin. I’m sure they are all already with talking points all laid out by the leftist democrats. These are serious times and the laidback right will need to start making their beliefs felt by the commies trying to overthrow America!

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D3F1ANT June 11, 2020 at 11:41 pm

Hit by a car? Coronavirus death. Fall over a cliff? Coronavirus death. That terrorist clown who got crushed tearing down a statue? Will be a Coronavirus death. That’s the “spike” in Coronavirus deaths.

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Meremortal June 12, 2020 at 1:32 am

There’s another trick being played too. Starting May 15, CV-19 deaths are inflated every day because deaths of patients who tested positive for CV-19 but died of something else are now counted as CV-19 deaths. I checked my state of Colorado. Colorado shows both figures on their website, but the big players like Worldometer only use the higher number. If you cut out the extras, the deaths since May 15 go down 18% in Colorado.

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America1st June 12, 2020 at 11:14 am

In March 30% of those tested tested positive. Today less than 10% of those tested test positive. This second wave BS is exactly what it appears, BullShit!

Americans need to wake up! The Media and the liberals are playing the American Citizens.

21,933,301 tested! 2,013,778 infected! Currently 9.2% The statisticians continually play games with each number, of course as the number tested increase so shall the number of infected increase.

Wake up people!

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CHECK IN With CECCHINI (@CecchiniPeter) - Globalist News | #Globalist June 12, 2020 at 6:05 pm

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CHECK IN With CECCHINI (@CecchiniPeter) - Conservative News Outlet June 14, 2020 at 11:55 am

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