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~ Featuring ~
Who Was Helped By US Pulling 
Out Of Iran Deal? 
by Charles Payne 
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Trump’s ‘Most Wanted’ ISIS news given 
cold shoulder by media’s ‘big three,’ watchdog reports 
by Douglas Ernst 
{ washingtontimes.com } ~ President’s Trump’s announcement this week that five of the “Most Wanted” ISIS leaders were captured by U.S. and coalition forces... was greeted with a collective yawn by the “big three” news networks. The media watchdog News Busters documented the cold shoulder on Friday that Mr. Trump was given regarding the ever-tightening noose on ISIS leader Abu Bakr al-Baghdadi. A military operation that required months of planning between Iraqi allies and Syrian forces received 42 seconds of airtime by CBS Friday morning compared to zero coverage by ABC and NBC Thursday night. “ABC’s Good Morning America and NBC’s Today both completely skipped the setback for ISIS,” News Busters reported Friday. “In contrast, Today devoted 1 minute and 4 seconds to the Trump cabinet story. Peter Alexander hyped the report that ‘the President berated Homeland Security Secretary Kirsten Nielsen during a cabinet meeting, Wednesday, for her failure to adequately secure the nation’s borders.”...These networks are icky jerks.  https://www.washingtontimes.com/news/2018/may/11/donald-trumps-most... 
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Senators Light Fire Under McConnell: Make Congress Work Again
by ROBERT DONACHIE
{ dailycaller.com } ~ A group of 16 Republican senators are sending Senate Majority Leader Mitch McConnell a serious message Friday... It is time to work full weeks, confirm the president’s nominees and stop wasting precious time while Republicans hold both chambers of Congress and the White House. Sen. David Perdue of Georgia is leading the charge, calling on McConnell to realize there are only 67 working days left in the 2018 fiscal year, which ends Sept. 30. The coalition of Republican senators are urging McConnell to make the Senate work through Friday and on some weekends senators typically go home to their districts on Thursday afternoon and cancel the August recess — a request newer GOP senators and the president asked of leadership in 2017 in order to get action on repealing and replacing liar-nObamacare. Action is exactly what Perdue and his colleagues want. They want more time in session to confirm the president’s nominees. They want more time in session to get must-pass appropriations bills out of committee and onto the Senate floor for a vote. They are tired of the slow walking pace and don’t want to waste another day when they are in the majority...   http://dailycaller.com/2018/05/11/senators-light-fire-under-mcconne...
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Bill Hemmer To Chuck clown-Schumer: 
‘Is It That Hard’ To Credit Trump For Hostage Release?
by AMBER ATHEY
{ dailycaller.com } ~ Fox News’ Bill Hemmer snarked Senate Minority Leader Chuck clown-Schumer Friday... for refusing to celebrate the release of three American hostages from North Korea. clown-Schumer said in a floor speech on Thursday that the hostage release should be “expected” as opposed to “exalted.” Hemmer grilled Marjorie Clifton, a former liar-nObama aide, about the remarks during a Friday interview. “No great accomplishment?” Hemmer said with a laugh. “I don’t know, Marjorie, I think there’s a lot of folks that would disagree with that.”...   http://dailycaller.com/2018/05/11/hemmer-schumer-north-korea-hostag...
VIDEO at the site.
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Heather Nauert Smacks Cuomo 
For Suggesting US To Blame For Iran Missile Strikes
by AMBER ATHEY
{ dailycaller.com } ~ CNN’s Chris Cuomo suggested on Friday that the United States is to blame for Iran’s latest round of missile strikes on Israel... Cuomo asked State Department spokeswoman Heather Nauert during a Friday morning interview if she thought pulling out of the Iran Deal could have provoked Iran. “The Iran and Israeli situation… is there any concern that pulling the United States or threatening to pull it out of the Iran deal precipitated or helped provoke the actions that Israel is pointing out now in terms of missiles that were launched from Syria into the Golan heights?” Cuomo asked.  Nauert responded that it is “unbelievable” that people would try to blame the United States for Iran’s actions...   http://dailycaller.com/2018/05/11/heather-nauert-chris-cuomo-iran-m...
VIDEO at the site.
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We’re Not Joking: hanoi-Kerry’s 
School Lacrosse Captain Was Robert Mueller 
by CILLIAN ZEAL 
{ westernjournal.com } ~ If you’ve ever wanted to know what the phrase “drain the swamp” really means, well, here you go... Robert Mueller was apparently hanoi-John Kerry’s lacrosse captain in high school. And, wonder of wonders, it wasn’t at any old public school. No, Robert Swan Mueller III went to the exclusive St. Paul’s boarding school in Concord, New Hampshire, according to the U.K. Daily Mail. Annual cost of attendance per year in 2018? Sixty-thousand dollars. “Mueller, now 72, was part of the Missionary Society, a member of the Library Association and the vice president of the athletic association,” the Daily Mail noted. He was also the captain of the lacrosse team, as demonstrated in a photo that could practically be on the cover of a liberal textbook on white privilege were hanoi-Kerry and Mueller not liberal heroes...   https://www.westernjournal.com/ct/were-not-joking-kerrys-school-lac...
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Who Was Helped By US Pulling 
Out Of Iran Deal? 

by Charles Payne
{ finance.townhall.com } ~ On Wednesday, the tenure of the rally firmed up as market breadth continues to become decidedly more bullish. I like that new highs are surging, but advancing volume, almost doubled declining volume for the NYSE, and the NASDAQ also points to the emotional shift to the fear of missing the bounce.

Yesterday, it was the energy sector that got help initially from America pulling out of the Iranian nuclear deal and news of a massive decline in crude inventory. 

Bullish Signs

It’s the kind of market that you can root for because it’s exhibiting true grit and getting help beyond only those glamour technology names. There are several bullish signs seen during this 5-day stock market winning streak:

Inflection

Last Tuesday, the market arrested a late pullback to rally into the close that saw the Dow Jones Industrial Average finish the session 219 points higher than its intraday low point. Looking back, I’m beginning to wonder if that was an inflection point.

Historically, major turns in the market don’t happen with much fanfare. The market begins to trade higher even as fear remains omnipresent, all the while the market is marching higher. There are no longer huge swoons into the close.

Typically, the stealth rally engenders a broader investor confidence, and suddenly, the crowd yells “stock market rally!” 

Resolve

Last week saw the market an even more impressive intraday reversal each day into Friday.  Consequentially, we saw the formation of a reverse head-and-shoulders chart formation, which is more often than not very bullish.

In addition to its inflection and resolve, major indices are closing above trend lines in the process snapping the pattern of lower highs, which is a buy signal.

Boring

Over the past five trading sessions, technology has regained its swagger even if it’s been somewhat uneven. Apple (AAPL) has been the big mover in the sector, but semiconductors have lagged but came on strong yesterday - the hottest sectors after tech:

Industrials (+3.87%) powered yesterday by rails operating in the eastern portion of the United States.  Norfolk Southern (NSC) and CSX Corp (CSX) continue to see strong weekly carload gains.

Financials (+3.25%) have been led by non-bank companies such as MSCI Inc (MSCI) and Moody’s Corp (MCO), but money center banks seem poised to take off.

Materials (+2.82) have gotten a nice bounce from building material names; Vulcan (VMC) and Martin Marietta (MLM) and chemical makers; Eastman (EMN) and DuPont (DD).

Fear

The lack of fear in the market was underscored by the continued decline in the utility sector, and the plaguing CBOE Volatility (VIX) Index closed the session at its lowest point since February 1st.  

Today’s Session

Initial claims were unchanged for the week ending May 5, at 211,000.  A better gauge, the 4-week moving average, decreased by 5,500 to 216,600.  

Continuing claims increased by 30,000 to 1,790,000 and the 4-week moving average for continuing claims decreased 22,000 to 1,812,500, which is the lowest level for this average since December 29, 1973, when it was 1,784,250.  All the data continues to point to a tightening labor market.

The Bureau of Labor Statistics reported the Consumer Price Index (CPI) for April increased 0.2% compared to a decrease of 0.1% in March.  On a trailing twelve-month basis, the index rose 2.5%. 

Core CPI, ex food and energy, rose 0.1% for April compared to 0.2% in March.  On a twelve-month basis, the index rose 2.1%. 

Highlights of component percentage changes:

·         Food index increased 1.4%

·         Energy index rose 7.9%

·         New vehicles declined 1.6%

·         Used cars and trucks declined 0.9%

·         Apparel increased 0.8%

·         Transportation services rose 4.1%

·         Shelter increased 3.4%

·         Medical care services rose 2.2%

The numbers indicate inflation remains in check.  Transportation services have been on the rise and will have to be watched closely.

This new rally appears to have legs as the futures are pointing to another positive open.

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LIGHTER SIDE

ALERT ALERT

Democrat Sen. Chris Murphy: ‘The Real Second Amendment Isn’t Absolute

Sen. Chris Murphy (D-CT) tweeted Saturday there is a “real” Second Amendment and an “imaginary” one and he believes the real one is “not absolute.”

Murphy, “I support the real 2nd Amendment, not the imaginary 2nd Amendment. And the real 2nd Amendment isn’t absolute.”

The statement was a precursor to his call for banning “assault rifles” in the wake of the Santa Fe High School shooting, even though “assault rifles” were not used in the attack.

Murphy said the “real 2nd Amendment…allows Congress to wake up to reality and ban these assault rifles that are designed for one purpose only – to kill as many people as fast as possible.”

Gov. Greg Abbott (R-TX) said the Santa Fe High School attackers used a .38 revolver and a shotgun to carry out his heinous acts. Therefore, a ban on “assault rifles” would have done nothing to prevent the attack from occurring or the tragic loss of life from taking place.

It should be noted that Saturday was not the first time Sen. Murphy called the essence of the Second Amendment into question. On August 6, 2013, Breitbart News reported that Murphy told MSNBC’s Rachel Maddow that “The Second Amendment is not an absolute right, not a God-given right. It has always had conditions upon it like the First Amendment has.”

Murphy did not grapple with the words, “Shall not be infringed.”

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