January 16th Market Update – Expanding central bank balance sheets fuel asset prices; Falling oil prices too much for central banks to take; The alt-media is short on knowledge, but long on showmanship

I have uploaded a January 16th Market Update. Click here to go to the show archives page to listen or you can listen on the link below.

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The S&P futures are right near 50-day mva. The central banks and US Treasury are hoping the index retakes the moving averages
The Nasdaq took out the 50-day mva today
The Down needs to move up some more before the 50-day mva is taken out. It is vital that we retake the 50-day mva and the elites are hoping for this to happen.

The central bank balance sheets are once again expanding in aggregate. The latest research shows that the central banks have begun to add to their balance sheets once the the major stock averages began their precipitous free fall late last month.

A sustained drop in oil prices would have been calamitous to the credit markets. The $30 drop was too much for the central banks to take. They acted accordingly.

-There are still decent real estate prices and some fair deals in the United States. So what if prices took out their 2005 highs? Rents are up about 30% over that time. Camparatively, residential real estate can still provide predictable returns. Just stay away from the overpriced areas. Simple math can determine this.
-Mortgage rates are down about 50 bps. Subsidized mortgages are doubleplusgood.
-I look for the 10-year UST yield to touch the 50-day mva.
-There is so much dishonesty and showmanship in the alt-financial media.
X22 Report has about 350k YouTube subscribers, but virtually all his predictions have been incorrect. But that doesn’t matter. He’s short on financial market skill, but long on showmanship. He must make a lot of money on his monetized channel. He just keeps shoveling the crap to the unwashed masses who have convinced themselves that collapse is right around the corner for the past decade.
-For people who listen to and follow the X22 Report or the other charlatans in the alt-financial media, their lives have already collapsed. These dumbed-down patriots are now unable to free themselves from their confirmation bias and the shackles of calamity fears, while these dispensers of collapse porn sink their followers further into the abyss.