1/A LOT of critically important charts in this week's #DirtyDozen.

I cover growing trend fragility, a monthly sell signal, discuss why this *isn't* a major top buy why we should expect a 1-2 month correction to begin w/in the next few weeks, plus more.

https://t.co/qd6Old7Ehi

2/ High euphoria = high trend fragility

-Record net 19% FMS investors raking greater risk

-FMS cash level at 3.9% triggering a 'sell signal'

-Global Risk-Love in 97th %-tile going back to 1987

-Asia/EM Risk-Love signaling "euphoria" for 1st time since 2015

3/ “Two-month flows into DM and EM equity funds the highest since [Oct 2000]. November alone saw the highest monthly inflow into global equity funds on record. Also over a three-month horizon, we’ve now seen the highest inflows into equity funds on record” via BofA $EEM

4/ Asia ex-Japan Risk-Love indicator’s Euphoria / Bearish Signal implies weak 6-month forward returns in Asia/EM.

5/ $IYT triggered a sell signal in Jan.

Dec's Doji (yellow) gave us a sell setup. Jan's Outside Bear Bar closed on its lows & gave us a sell signal. But, the strong bullish thrust of the preceding 8 bars means this pullback will likely be bought after a 1-2m pullback.

Pelosi's mot that the chose "their whiteness over democracy" disappoints me. 1/

It disturbs me when liberals recourse to racism as a universal explanation for everything bad the right does. It's reductionist. And it's not to excuse the right and its racism to point this out... 2/

In fact, reducing everything bad the right believes and does to white supremacy limits our grasp of their terribleness: in most cases in's white supremacy PLUS (and in some cases, NOT white supremacy. Non-white conservative tradition deserve consideration on its own terms). /3

a major part of the PLUS is gender-based. In the late 1970s, the ideology that cohered the Christian right, and made them such a force in Reagan's coalition and beyond, was far more eliminationist rage against LGBT people than racism. /4

Most of the people traveling to DC to protest IRS rules on Christian schools in 1979, many of them former segregationists, were witnesses to their eliminationist rage against LGBT people (conspiracy theories held the IRS sought to force Christian schools to hire gay teachers). /5

The notion that only western Caucasians can be racist is, in itself, racist, since it implies that white folk are somehow morally superior and should know better - and judging 'superiority' and 'inferiority' are the basis of racism. /2

2. There are many examples of non-white people's racism, often to sub-groups of their own race: the Hindu caste system; the treatment of Chinese Uighurs; even racism amongst light and dark-skinned American blacks.

So why are whites always targeted as 'racists'? /3

3. Why is racism often found where clearly none/little exists? As a specific example: a bearded, long-haired and hirsute man being called an ape by a 13yo girl and booed by crowds, but 86 other Indigenous players not being subjected to 'racist' comments and actions similarly. /4

4. Why is it that the Left is so preoccupied with race and racism? Is it simply to be morally superior? Is it to be the guardians of society? Is it to control a narrative? Is it to be the arbiters of good and evil?

Or is it about their own prejudices and insecurities? /5

5. Those who see racism everywhere are those who look for it. The Offence and Outrage Industry thrives on it, if only to put them in the beatific limelight to signal their virtue loudly and clearly.

Does racism exist? Of course. Does it exist to the degree the Left suggests? /6

@GMB @piersmorgan A bunch of people will hear "gay roles for gay actors" and say it's stupid or hypocrisy. But there are a few areas to consider:
(1) Do gay actors get roles?
(2) Can straight actors accurately portray gay people?
(3) Can gay actors accurately portray straight people?

@piersmorgan The first one is I think pretty clear - while it has become considerably easier for gay actors to get ahead in Hollywood, they still don't generally have access to the most common or most popular roles and it can be an impediment to their careers.

@piersmorgan The same is true in the UK. It is often the case that actors who are out and well-known as gay simply don't get given straight roles in movies or TV. They're considered 'not believable'. Whereas when a straight actor plays an LGBT role, they're (now) considered 'brave'

@piersmorgan To me that's a clear ethical argument right there - there aren't very many LGBT roles on TV or film. Until out LGBT actors are more able to act in straight roles (and lets be clear, there are a number who do so who are not out) then at least they should be able to play gay roles

@piersmorgan The second question is whether or not straight actors are able to 'play gay'. The truth is in theory absolutely yes, but in practice often no. Even in the 21st Century gay and lesbian kids still grow up feeling different, they have particular experiences with their families...

@spencermorgan93 I'm going to open up a can of worms here, I dont know if you will read this or if even what the next step would be but its a web of connections that needs a real journalist to investigate

So let's start with the latest debacle
School meal boxes as highlighted by Marcus Rushford

The company that supplies them is Chartwells foods
Chartwells food is owned by a parent company called The compass group
Compass group supplies the jockey club there events catering

On the board of directors at the jockey club are
Baroness Dido Harding, of failed T&T fame

Also on this jockey club board was the late Rose Patterson
The husband of Owen Patterson
The mp for North Shropshire and the former secretary of state for Environment and rural affairs

Owen Patterson is also a consultant of a company called Randox

Let's dig deeper shall we

Let's look at another consultant of randox

John Penrose
The Mp for weston and the government's anti corruption champion is also a paid consultant for the company called RANDOX

Lets look at RANDOX for a moment

Randox are a laboratory company who surprisingly won the multi million £ contract to process PCR tests which just happen to have 2 influential advisors

But how does this link into the jokey club and in turn Matt Hancock?

1/ I’ve been letting my kids watch some of the news since the event they inadvertently witnessed on tv two weeks ago. I want them to see some parts, so that they always remember. Comments are welcome here. I have no idea what the magic potion is for parenting.

2/ I pool my students every year. Ask them to tell me what they remember about the 9/11 attacks. It’s been sad and informative for me personally - the differences in time zones, regions, country location, nationalities, ethnicities, races, religions, & especially age perspective.

3/ I’m grateful to start each semester that way. To hear the personal experiences of my students. Because it provides a foundation for how I try to teach that particular course. I’m old, but at least I am smart enough to know that I don’t know much, and I’m always learning.

4/ and if my students are too young to remember 9/11, then I ask them if it has affected them personally - their families and their loved ones. What I’ve observed about that tragic event, through the eyes of my students, is that the attack has rippled through generations.

5/ Like that horrible day, the only thing I am grateful for is that I have witnessed the events with my own eyes. So that I can remember, and try to explain it to others. And so that my kids will remember, and talk to me about it. But I am so heartsick with what I’ve seen.

not to go anthropological on everyone but america, the nation, truly does not have much culture and very little history.

we do not respect the land and it's people.
we do not respect each other or newcomers.

and although these aren't specific to america, they are stronger here

america is built on capitalism and very few other values under the false pretense of social and class mobility. but if that were true than most everyone in this country would not be as poor as they are. and we wouldn't have billionaires who profit off of dying people.

america might be the land of dreams but like most dreams there is a harsh reality to wake up to. the people here are probably worse off than most other nations under the skewed and inaccurate qualifier that is GDP per capita.

just because america is rich doesn't make it good.

and then there's america's political influence that pretty much forces other nations into becoming capitalistic, thus slowing all social progress in the name of greed.

I don't hate capitalism as much as you'd think but I do hate greed, and capitalism is rarely without greed.

since america is such a consumer culture as well, preservation is often looked down upon. for instance, cutting down trees for wood, or not respecting burial sites or sacred land in the name of progress.

this often has a multitude of consequences and some that we can't fix.

The issue of Black families' trust is not only missing from school reopening plans, but also from many school reopening arguments.

But Black families make up more than 1/3 of our school district and many others, so it matters.

It absolutely matters.

Chicago Public Schools is the third-largest school district in the U.S. In the past 20 years, our classrooms have lost more than 5,000 Black educators, which has had a negative impact on many school communities.

Some of the direct causes of this loss are Rahm's 50 school closings, terminations in Black and Brown schools as a result of turnarounds, and annual layoffs targeting high-need schools with predominantly Black student populations.

CPS then failed to replace the Black teachers forced out of the system, and our district remains deeply segregated. So even as the Black workforce declined as Black schools were closed or turned around, educators were then seldom hired by schools outside of Black neighborhoods.

The decline of Black teachers has also been accelerated by CPS' chief policies of the last decade: student based-budgeting (SBB) and School Quality Ratings Policy (SQRP).

A lot of the conversation revolves around Nazis & yes, let’s hate Nazis. But that’s easy. More people need to focus on loving, supporting, & standing up for Jewish people. Antisemitic people aren’t only out-in-the-open white supremacists. Antisemitism is everywhere. 1/10

Punching Nazis, again, great-they’re trash that deserve a good throat punch -but it does nothing to solve the problem of antisemitism. Start by looking at yourself and understand the ways in which you, yes you, perpetuate antisemitic stereotypes. 2/10

Stand up for us when you hear other people perpetuating those stereotypes. Do more than just say “oh, sad” every time a synagogue or Jewish cemetery is vandalized (which is often). 3/10

Educate yourself. Regurgitating that 6m Jews were murdered during the Holocaust isn’t enough. How did it get to that point? They didn’t just start killing Jews. Years of propaganda & scapegoating- by the time Jews were dragged from their homes, their neighbors didn’t care. 4/10

Do you know anything else about the history of the Jewish people? That the Black Plague was blamed on Jews? A conspiracy that Jews were poisoning the wells? They burnt Jews alive. Jews always required to live in their own areas (Jewish Ghettos) throughout European history. 5/10

1. Thanks @glenmpani for your support when my mother passed on. You raised an interesting point on democracy that we should discuss further

2. Forms of democracy have existed in many societies at different times . Even prominent writers, such as Held (1996), suggest that democracy has evolved among societies and different cultures.

3. Both the form and practice of democracy are often contested and as aptly submitted by Street (2011: 305) “There are, of course, as many definitions of democracy as there are democratic theorists.” @glenmpani

4. While democracy is generally taken as the ideal form of rule, it is hotly disputed in other cultures.

5. Held,(1996: 7) believed that the most discernible and attractive form of democracy is one in which citizens in principle can extend their participation in decision-making to a wide array of spheres such as political, social and economic.

@paddua @USMarshalsHQ @SebGorka Remedy has been sought from both the Legislature and the Judiciary. Notice was given time and time again...people were given the opportunity to do the right thing. In every case they refused. What has not been used thus far to effect remedy is the Executive.

@USMarshalsHQ @SebGorka Donald Trump knew before he ever took office what needed to be done. He has quietly rooted out corruption in key positions and departments while manipulating the media since he took office...always talking loudly to keep people focused where he wanted them to look.

@USMarshalsHQ @SebGorka The pieces are now in place...Washington DC is occupied by 25,000 soldiers that the DEMOCRATS called in. Those soldiers answer to Donald J Trump and have been deputized as Federal Marshall's.

@USMarshalsHQ @SebGorka Marshalls are authorized to make arrests without warrants for federal crimes committed in their presence or for which they have evidence. On January 6th, the whole world watched approximately 90% of our congress commit treason by knowingly certifying a fraudulent election.

@USMarshalsHQ @SebGorka Donald Trump went on camera before the American people and told us that he has tried every legal means to fix this problem. Right now a state of emergency exists in all 50 states and DC. The head of FEMA is a 26 year veteran who was ALSO just appointed acting secretary of DHS.

A few thoughts on food and land use 2021. This year, and throughout the decade ahead, the world has before it a remarkable obligation and opportunity to bring about a fairer, more inclusive, more sustainable and more resilient food and land use system.

Such a system would ensure that every human being has access to a healthy and nutritious diet; that all the world’s farmers and fishermen live dignified lives; and that the food system itself causes no further loss of biodiversity, no more climate change, and no more pandemics.

To achieve such a food and land use system would require concerted international effort – from governments, companies, farmer’s associations, scientists, and communities – akin in scale and ambition to the quest for a Covid-19 vaccine.

The good news is that a global pivot to more sustainable agriculture, healthier diets, & reduced food loss and waste – coupled with a major effort to protect and restore nature – would generate millions of jobs, as well as sustained economic growth and improved well-being.

To achieve these ambitious aims, action in four areas is urgently needed in 2021 and through the decade:
1.Increase flows of finance to fighting hunger. In the course of the past year alone, the number of acutely food insecure people in the world has risen to 690 million.

I asked the Taoiseach to ensure that the coroner carries out its duty in respect to the mass infant and child deaths in mother and baby homes👇.

It is the duty of a coroner to hold an inquest when a body is found in their district. See here: ℹ️ https://t.co/jQmq6ex1GK

The Government Action Plan👇published in response to the report makes no mention of inquests or accountability and simply does not reflect the magnitude of the crimes committed. In fact, it seems like a blatant attempt to avoid these very issues.

ℹ️

We need to make sure survivors get justice.

If you agree, I am asking you to email your TDs, the Taoiseach & the Min for Children to tell them there needs to be an inquest into the deaths, as well as redress, access to data, a commission for the disappeared and further research.

If you need some help getting started, you'll find a draft email template here: 📧https://t.co/h5v4LY3mkr

I recommend reading the joint statement from Adoption Rights Alliance, Justice for Magdalene laundries and the Clann Project: ℹ️

I have also put together a brief Q+A below on what has happened and will happen next in terms of the Report of the Commission of Investigation into Mother and Baby Homes👇👇👇.

Q. Where can I read a copy of the report for myself?

A. Right here:

THREAD:  A few quick thoughts on #Navalny and why the Kremlin opted for such a harsh sentence. 1/10

Ever since news broke about the failed assassination attempt last August it’s been clear the security services have been operating according with very simple logic.  2/10

The overriding goal was to destroy Navalny and to demonstrate that no move aimed against the security services would remain unpunished.  3/10

Thus, there was no way for the authorities to accept that Navalny could return and operate freely against Putin and the security establishment in the new political conditions created by the fact of the assassination attempt. 4/10

The current ruling is only the first part of a saga.The Kremlin has plenty of other potential criminal charges it can bring against Navalny.The goal is to make Navalny—and others-realize that they face the prospect of spending the rest of their lives behind bars. 5/10