Zero hedge is really pissing me off lately. Now i have go look at the market because the things they're saying here don't make any fucking sense.
The euro purchasing managers index went down and they're connecting that to US and Chinese equities going down and also oil. The story they're telling is basically that euro zone demand being bad caused global markets and oil to drop. That's a conclusion and causality so far out of left field i can't even fucking fathom it.
Jesus this is a bunch of nothing. China's getting hurt because Trump said fuck Huawei. Euro is getting hurt because they're economy is fucked in general. Oil is dropping because SA is listening to Trump and pumping more.
Not sure why us futures are down but it's coming from Nasdaq so it's probably just general talk about tech getting monopoly busted. And zero hedge is spending half their morning report trying to paint all of the above into an all around weaker American economy driving down the demand for oil and implying it will concern the Fed during rate decisions.
WHAT DOES THAT EVEN MEAN!! Oil is down because supply is up. This stimulates America across the board. Tech leading an American retraction has almost zero implications for this. The Fed being cautious sounds like they're implying rate hikes coming, which is the opposite of what they do if the economy is actually bad. This entire story is twisted so far beyond any economic sense and it seems to be both a threat to Trump that they'll rate hike and stifle growth and also a desperate attempt to not give him the credit he deserves for driving oil down via his good relations with Saudi Arabia who the msm is demanding sanctions against. This lower oil price also btw bankrupts muh Russia who they consider to be the big bad wolf.
This is so many levels of fucking retarded.
Motherfucker i ate my 95% meat and bread yesterday to take the giant shit on toots grave!
I will happily shit directly on the cat!!!!
The fact that "financial news" is exactly the same kind of nonsensical and psychopathic NeverTrump word salad as the recent stories about Kashoggi, Bin Salman, and Erik Prince is fucking terrifying. These people are just flinging shit against the wall and declaring it's evidence of bad bad Trump.
The implications of this going forward are unknowable and insane. We're all sitting here waiting for the happening and I think the entire world is actually fucking neck deep in the middle of it.
I thought I'd be happier about it. They're literally gonna try for civil war.
I don't care about market analysis all that much. I care about the lies they're telling and the reasons behind those lies.
I haven't worked in finance in years.