2019 Annual Wrap Up Equity Overview & Rambus Chartology

“The Dow Jones Industrial Average DJIA, +0.74% gained 211.81 points, or 0.7%, to close at 28,956.90, while the S&P 500 index SPX, +0.67% rose 21.65 points, or 0.7%, to 3,274.70. The Nasdaq Composite Index SPX, +0.67% added 74.18 points to finish at 9,203.43, a gain of 0.8%. All three benchmarks set new intraday and closing highs, with the Dow nearing the psychologically important 29,000 threshold.” ~ Marketwatch, January 9, 2020

By Catherine Austin Fitts

This week is the 2019 Annual Wrap Up Equity Overview with the quarterly blockbuster from Rambus Chartology. Check out the web presentation here for the quarterly financial charts and Rambus Chartology when posted on Thursday.

The U.S. equity market continues to outperform global equity markets. Here is a comparison of the NASDAQ and S&P with European and Chinese equity ETFs since 2009.

The Trump administration considers the U.S. stock market an essential performance indicator. The administration’s target appears to be a Dow above 30,000. Given the monetary and fiscal largesse underway in the Trump Administration and a US presidential election year, politics argues for rising corporate profits and a continued climb in the equity markets.

This quarter, I will focus on the storm clouds gathering across the globe as the failure of the unipolar model and the transition to a multipolar model raise profound questions regarding the preservation and performance of global financial markets – whether currency, stocks or bonds. Do financial markets still offer opportunities to retail investors? Or have them become simply a way to channel monetary inflation into ever larger bubbles that are causing devastating non-economic allocations of capital?

We will look at how the “Climate Change Op” fits in – and whether a new raid on the pension funds is underway.