Be Ready For A Commodity SUPERCYCLE Of MASSIVE Proportions. UPDATES... Mannarino

Be Ready For A Commodity SUPERCYCLE Of MASSIVE Proportions. UPDATES... Mannarino

Gregory Mannarino's Pre-Market Report for May 8th, 2023

In this pre-market report, Gregory Mannarino discusses the recent Lifeline to the Federal Reserve and its impact on regional banks. He also talks about the stock futures, bond yields, cryptocurrencies, commodities, and the economy.

Regional Banks' Lifeline

  • The Federal Reserve has given a $32.6 billion lifeline to 19 smaller and regional banks.
  • This sparked an incredible rally in regional banks on Friday.
  • However, most financial channels have not reported on this issue yet.
  • The lifeline is probably much more than $32.6 billion.
  • The Fed is propping up smaller institutions so they can be absorbed by larger ones.

Stock Futures

  • Stock futures are slightly higher for Dow and S&P 500 but flat for NASDAQ as of the time of recording.
  • Trading hasn't started yet.

Bond Yields

  • The 10-year yield jumped higher again to 3.49%.
  • This instability shows that central banks won't allow any kind of rising with regard to bond yields or selling off bonds until they consolidate the banking system.

Cryptocurrencies

  • Cryptocurrencies are getting slammed hard today.

Commodities

  • Crude oil is getting propped up again despite malinvestment in easy money low-cost credit over well over ten years creating distortions that cannot be sustained.
  • A commodity super cycle beyond anyone's wildest dreams is being set up right now due to cash moving from one reality to another when there's a meltdown in debt markets destroying stock markets around the world.

English The State of the Global Economy

In this section, the speaker discusses the current state of the global economy and how it is being impacted by central banks and market distortions.

Central Banks and Market Distortions

  • Smaller institutions have a lifeline to the FED to prevent runs on these banks.
  • The global economy is grinding to a halt, causing systematic erasure of the middle class.
  • Propaganda and fake numbers are used to keep people lulled into some sense of normalcy.
  • The fact that smaller institutions have a lifeline to the FED is not being reported in mainstream media.

Market Predictions

  • The market looks extremely top-heavy, with a temporary drop expected in S&P 500.
  • Mortgages are expected to end lower this month than they currently are.

Conclusion

  • Viewers are encouraged to comment on the video and share their thoughts.