For die-hard Democrats holding out hope that they won’t have to live through a Trump presidency, there is a last, incredibly long shot for them latch on to — a surprise twist in the Electoral College.
Though Hillary Clinton won the popular vote by 200,000, Trump has won the minimum of 270 electoral votes necessary to be elected president. As of late Wednesday, he had 290 to Clinton’s 228.
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Time For Truth: (New York Post) – The one scenario that could still get Hillary into the White House
Having lent support to the North Dakota pipeline protesters, the Obama administration is stiff-arming requests for more federal assistance as the situation on the ground at the massive encampment grows increasingly volatile.
Six states sent law enforcement support to the Dakota Access pipeline site after several law enforcement officers were hurt in last weekend’s clashes that saw 127 arrests, the shooting of a drone that buzzed a helicopter and the use of pepper spray against protesters who charged a police line.
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Time For Truth: (The Washington Times) – Obama steers clear as North Dakota pipeline protests veer out of control
HSBC’s technical-analysis team has thrown up the ultimate warning signal.
In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he had become on “RED ALERT” for an imminent sell-off in stocks given the price action over the past few weeks.
Gunn uses a type of technical analysis called the Elliott Wave Prinicple, which tracks alternating patterns in the stock market to discern investors’ behavior and possible next moves.
In late September, Gunn said the stock market’s moves looked eerily similar to those just before the 1987 stock market crash. Citi’s Tom Fitzpatrick also highlighted the market’s similarities to the 1987 crash just a few days ago. On September 30, Gunn said stocks were under an “orange alert,” as they looked to him as if they had topped out.
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Time For Truth: (Business Insider) – HSBC: RED ALERT — get ready for a ‘severe fall’ in the stock market
Yesterday’s big stocks drop may have just been the beginning.
Or so says HSBC Holdings Plc technical analyst Murray Gunn. In a new note, Gunn says he is now on alert for a big dip in U.S. equities. “With the U.S. stock market selling off aggressively on October 11, we now issue a RED ALERT,” he writes. “The possibility of a severe fall in the stock market is now very high,” he adds, noting that volatility has continued to rise since the end of the summer and the recent sell-off was seen across many areas of the market, and not just select groups.
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Time For Truth: (Bloomberg) – HSBC: There's Now a Very High Chance of a 'Severe Fall' In U.S. Stocks
Global oil markets are flooded with cheap crude, and concerns about climate change are growing louder. The last thing the world seems to be craving is the discovery of new large oil and natural gas fields.
But such fields have been found in the last month. And two of them are in the United States — one in Texas and the other off Alaska.
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Time For Truth: (The New York Times) – Oil Glut? Here Comes Some More!