Inside WallStreetWindow Podcast

The stock market has put on a nice rally over the past few weeks since its March low in anticipation of the coronavirus shutdowns coming to an end and the economy opening back up, but what will it be like in June when this happens nationally?

The old economy as we knew it is gone and in time this shutdown situation will end, but no one is really talking about what will come next. In the state of Virginia the governor is working in conjunction with Maryland and DC to put together a three phase plan. This was described in news stories of this past weekend such as this one:

https://www.roanoke.com/news/va-sees-flattening-of-curve-but-its-too-soon-to-loosen-restrictions-health-official-says/article_aa8664f9-966e-5dc1-b1b5-82b3c4c744e9.html

Look for a new testing regime to begin when things are opening back up, but our lives are not going to be normal for at least a year.

This article also said that the states are now in talks with Google and Apple about an app they plan to release in May that will be on people's phones to send alerts when they get in contact with someone who has been discovered to be sick with the virus. They will then be told to get tested themselves and quarantine. It will be difficult to want to take airplane trips in such a situation and be hard on people who have to use buses and public transportation. The internet companies are getting ready to deploy this app and no one seems to know about this. Wikipedia has a good article on what is being planned for these COVID-19 apps (check out the flow chart graphic):

https://en.wikipedia.org/wiki/COVID-19_apps

Are stock traders and stock market bulls justified in believing in the rally? It makes sense for fast money traders to trade and buy as long as they can, but are the expectations people have going to end up being disappointments?

I talked with Carmine Savastano about all of these topics and questions. You can get his book Human Time Bomb at Amazon.com:

https://www.amazon.com/gp/product/1734139315

-Mike

http://www.wallstreetwindow.com

The price of oil has crashed this week and fell so low that the futures price for WTI went negative! I see this as a sign of a demand collapse and deflation for the moment in the economy, but beyond the markets and the US economy there are also geopolitical implications in the price drop. In this podcast I talked with J.P. Sottile of newsvandal.com as he just put out a very interesting post on this very topic you can find here:

https://newsvandal.com/2020/04/is-oil-kicking-the-bucket/

Is oil kicking the bucket? Can Saudi oil princes survive now?

In this podcast I talked with David Skarica of addictedtoprofits.net. Friday has come early this week for gold bugs as gold jumped up this morning again following the drop in oil this week that took futures for WTI to the negative in a move never seen before. This is a sign of deflation, but deflation is not causing gold to drop, but instead is helping it to go up. Mining companies are now going to see their costs go down while their revenue goes up thanks to rising metals prices. This is helping the mining stocks and GDX ETF. However, JNUG is an ETF malfunctioning now along with the USO oil ETF.

David Skarica has been on top of these trends and today has been a day for gold traders to indeed celebrate. I suspect more days like this are to come.

This was originally posted on Youtube here:

https://youtu.be/DRnxC92KFWo

Stock market traders always buy over the horizon, but we are living now in a more uncertain world. In this podcast I spoke with Larry Hancock who just released a new book titled In Denial: Secrets Wars With Air Strikes And Tanks.

Larry's book is a great read and reveals the history of secret warfare since the 1950's. The US engaged in famous secret wars such as in Cuba, Laos, and in the Congo in the 1970's and the 1980's. Most of these operations were failures and Larry reveals the big problems they had. Despite that secret operations are now coming into vogue in use by not just the United States, but now by Russia, China, and Iran.

Larry's book rips the cover off this secret world and is a must read. You can grab it now at Amazon right here:

https://www.amazon.com/Denial-Secret-Wars-Strikes-Tanks/dp/1734139331

In this podcast I talked with Carmine Savastano about the coronavirus and how foreign propaganda is spreading. He did an article on that posted on TPAAK.COM you can find here:

https://www.tpaak.com/tpaak-blog/2020/3/24/the-nations-that-cried-disinformation

In my intro I referred to an article posted on Yahoo Finance titled Fed Is Seizing Control Of The Entire US Bond Market you can find here:

https://finance.yahoo.com/news/fed-seizing-control-entire-u-144633849.html

To grab Carmine's new book Human Time Bomb: The Violence Within Our Nature go here:

https://www.amazon.com/gp/product/1734139315

The S&P 500 stock market fell over 30% off of its peak and is now having a rally. Many people believe this rally is the start of a new bull market. I am highly skeptical even if that is a popular notion with the public now and even some commentators on CNBC. However, the action isn't exactly like what happened when the markets peaked in 2000 and 2007 either. I talked about what is going on with Ike Iossif of marketviews.tv in this podcast.

I talked with David Skarica of addictedtoprofits.net in this podcast about trading opportunities in this wild stock market. We are getting a big rally, but the market is still way below its 200-day moving average. What types of trades is Skarica doing now in this different market environment?

Also DUST ETF malfunctioning again this week. Gold still looks good. And how will bailouts work on airlines stocks?

The coronavirus has put the country and the world into something like a war situation. Tanks are not invading the country and bombers aren't dropping bombs, but the fallout of the virus is causing so much damage it is as if bombs were dropping on schools and businesses by shutting them down. It made me think today of the old Star Trek episode a Taste of Armageddon - in which a virtual war devastates just as much as real ones do. The stock market is not correcting in a bull market, but instead is falling as companies face real devastation and the bond market implodes.

In this podcast I talked with Carmine Savastano, author of the book Human Time Bomb: The Violence Within Our Nature about the situation.

Carmine sees a big problem with the spread of disinformation and propaganda that needs to be addressed.

References:
Federal government response plan to the virus dated March 13:

https://int.nyt.com/data/documenthelper/6819-covid-19-response-plan/d367f758bec47cad361f/optimized/full.pdf?fbclid=IwAR3-hA7BQhCfJL_4VaRVFF0dGCZLYazWuS6F0ZvEqASsmIUqKAgbxHh18bg#page=1

“Inside The Military’s Top Secret Plans If Coronavirus Cripples The Government” - Newsweek:

https://www.newsweek.com/exclusive-inside-militarys-top-secret-plans-if-coronavirus-cripples-government-1492878

Operation InfeKtion: How Russia Perfected the Art of War:

https://www.youtube.com/watch?v=tR_6dibpDfo

Carmine's book Human Time Bomb:

https://www.amazon.com/gp/product/1734139315

Tonight I talked with Carmine Savastano, the author of the new book Human Time Bomb: The Violence Within Our Nature about the current moment we are in as the nation begins to respond to the threat of the cornavirus and the financial markets open tomorrow after Sunday's emergency Federal Reserve measures. Crowds move from denial to fear to action. We are seeing that in the past few days with buying panics as a fear response to the cornavirus while selling panics have been hitting the markets.

To grab Carmine's book go here:

https://www.amazon.com/gp/product/1734139315

I spoke with Ike Iossif of marketviews.tv to get his take on the wild action we have seen in the stock market the past few weeks. What does Ike think is going to happen next?

I wanted to also get his take on the global affliction as Ike lives in Greece right next to Italy so he can give a bit of perspective on what is coming.

Ike recommended this article:

Tyler Cowen: The U.S. economy is now in uncharted waters

https://dentonrc.com/opinion/tyler-cowen-the-u-s-economy-is-now-in-uncharted/article_93c0e543-b6e2-5b63-bf76-5db32b30f130.html