Daily Archives: October 12, 2019

October 12 The Value of Little Things

Scripture Reading: Matthew 10:38–42

Key Verse: Matthew 10:42

And whoever gives one of these little ones only a cup of cold water in the name of a disciple, assuredly, I say to you, he shall by no means lose his reward.

For evangelists like Billy Graham, ministry consists of preaching the gospel to millions of people at large, preplanned events. However, a great majority of the work God does through His people is on a much smaller scale. Notice Jesus’ words in Matthew 10:42—even a cup of cold water to a little one will be rewarded by God.

Acts of service, such as giving water to a child, speak to humility of heart and willingness that truly honor God. It is the person who is willing to set up folding chairs, take food to the homeless, or simply listen to a hurting friend whom God uses in a profound way.

Perhaps those activities seem insignificant compared to preaching a revival or building a mission church. However, they are the backbone of a healthy ministry where the love of God is displayed in authentic ways.

Lest you think your small offerings are lost, Brother Lawrence admonishes, “We ought not to be weary of doing little things for the love of God, who regards not the greatness of the work, but the love with which it is performed.”

So make the most of every opportunity to do the little things that make such a big difference. You will certainly not lose your reward.

Lord, help me make the most of every opportunity. I want to do little things in a big way.[1]

 

[1] Stanley, C. F. (2006). Pathways to his presence (p. 299). Nashville, TN: Thomas Nelson Publishers.

An Alien Righteousness — Ligonier Ministries Blog

We are saved by a righteousness that is not our own. In this brief clip, R.C. Sproul shares the good news of Christ’s imputed righteousness.

This Reformation Month, watch a short video every day on the history and insights of the Protestant Reformation. And don’t forget that for this month only, you can request your free digital download of R.C. Sproul’s video teaching series Luther and the Reformation plus the ebook edition of The Legacy of Luther, edited by R.C. Sproul and Stephen Nichols at ligm.in/Reformation. Offer ends October 31, 2019.

Transcript

Imputation means that the righteousness of Jesus is counted for me the moment I believe in Jesus Christ. That’s what Luther said. That that righteousness an “iustitia” alien—an alien righteousness. A righteousness that’s “extra nos.” A righteousness that’s apart from me, it’s not mine inherently. It belongs to Christ. And what Christ does is when I put my trust in Him, He imputes or counts to me His righteousness. And on the basis of that imputed righteousness, God declares me just right now. So that if I die right now, I go heaven right now because I’ve all the righteousness I will ever need to get there, namely the righteousness of Jesus Christ. That’s good news.

via An Alien Righteousness — Ligonier Ministries Blog

October 12 The Priority of Prayer

Scripture Reading: Daniel 6

Key Verse: Psalm 84:2

My soul longs, yes, even faints for the courts of the Lord; my heart and my flesh cry out for the living God.

The story of Daniel in the lions’ den is one of high drama. The action is so captivating that it is easy to overlook the reason why King Darius had Daniel thrown into the pit of hungry beasts.

The cause of Darius’s anger was not nearly as dramatic as the outcome. It was Daniel, quietly going about his daily business of prayer. Ordinarily his faithfulness would not have been a problem, but Daniel’s enemies decided to use it against him by making it a crime to pray to anyone except Darius.

What was Daniel’s response?

Now when Daniel knew that the document [the law to pray to Darius] was signed, he entered his house (now in his roof chamber he had windows open toward Jerusalem); and he continued kneeling on his knees three times a day, praying and giving thanks before his God, as he had been doing previously. Then these men came by agreement and found Daniel making petition and supplication before his God. (Dan. 6:10–11 nasb)

Daniel was not about to alter his commitment to prayer to protect himself. He could have prayed somewhere else besides his upper chamber with windows. But Daniel knew that to give in was to demonstrate a lack of faith.

Most important, prayer was more than an issue over which to make a statement. Daniel did not want to give up prayer because it was his means of fellowship with almighty God.

Precious heavenly Father, help me make prayer a priority. As I make this spiritual journey into Your presence each day, I know You will meet me there.[1]

 

[1] Stanley, C. F. (1999). On holy ground (p. 299). Nashville, TN: Thomas Nelson Publishers.

October 12 Set Free to Take Risks

Scripture reading: Psalm 1:1–6

Key verse: 1 John 4:18

There is no fear in love; but perfect love casts out fear, because fear involves torment. But he who fears has not been made perfect in love.

God enables us to do His will, and His presence, peace, power, and provision guarantee our achieving His end.

In Telling Yourself the Truth, author William Backus addresses the lack of confidence that paralyzes many Christians:

The misbelief that it is stupid or sinful to make decisions which might turn out wrong is unfounded. We’re told to be wise as serpents, harmless as doves. Wisdom does not mean acting in fear or cowardice.

Perfect love casts out fear means to us that the love of God has wiped out the power of fear over our lives if we will use God’s methods of conquering it. “Cast your fears [cares] on Me!” He explains. “Give them to Me! I know what to do with them.” It is in this way we are set free to take risks.

Then whether we succeed or fail is not our utmost concern. We are not enslaved by fear of negative results. We willingly allow ourselves possible failure, possible negative results. Painful fear and anxiety no longer play a dominant role in our lives.

The Christian walking by the Spirit, in the will of God, can trust that outcomes of his actions in faith are totally in the hands of the Father. The truth for the Christian is that disaster, catastrophe, or utter defeat cannot occur. We have no business thinking in those terms!

God never fails.

Here they are, Lord—all my fears, cares, and worries. I give them to You. Free me to take risks.[1]

 

[1] Stanley, C. F. (2000). Into His presence (p. 299). Nashville, TN: Thomas Nelson Publishers.

Christian Leaders Respond to Beto O’Rourke Saying that Churches Should Lose Tax-Exempt Status if They Oppose Same-Sex Marriage — BCNN1 – Black Christian News Network

Democratic presidential candidate Beto O’Rourke’s declaration churches should lose their tax-exempt status if they do not agree with same-sex marriage drew quick rebuttals from Southern Baptist leaders and others.

If elected president, the former congressman from Texas said he would make such a policy a priority in response to a question during the Power of Our Pride Presidential Town Hall Thursday night (Oct. 10) in Los Angeles. The Human Rights Campaign (HRC) Foundation sponsored the town hall, and CNN conducted and telecast the event. HRC is the world’s largest civil rights organization for lesbian, gay, bisexual and transgender people.

CNN host Don Lemon asked O’Rourke during the town hall, “Do you think religious institutions — like colleges, churches, charities — should they lose their tax-exempt status if they oppose same-sex marriage?”

“Yes,” O’Rourke replied to a cheering audience. “There can be no reward, no benefit, no tax break for anyone, or any institution, any organization in America that denies the full human rights and the full civil rights of every single one of us.

“And so as president, we are going to make that a priority, and we are going to stop those who are infringing upon the human rights of our fellow Americans.”

Southern Baptist ethicist Russell Moore called O’Rourke’s comments “alarming because they represent precisely what those on his side of these issues have said for years that they are not seeking to do.”

“Tax exemption for churches is not a ‘reward,’ but a recognition that the power to tax is the power to destroy,” said Moore, president of the Ethics & Religious Liberty Commission, in written comments for Baptist Press. “And, indeed, with these comments Congressman O’Rourke threatens to destroy every church, synagogue or other religious institution that does not adopt his viewpoint on sexual ethics over and against their own traditions and authoritative texts. That is not the American way.”

Daniel Akin, president of Southeastern Baptist Theological Seminary, tweeted, “I believe this is where the entire left is headed. I have been saying for years this will someday happen. Will it be sooner than later?!”

Click here to read more.
Source: Baptist Press

via Christian Leaders Respond to Beto O’Rourke Saying that Churches Should Lose Tax-Exempt Status if They Oppose Same-Sex Marriage — BCNN1 – Black Christian News Network

Religious Right Sticks by President Trump as Political Heat Rises — BCNN1 – Black Christian News Network

Faith leaders pray with President Donald Trump after he signed a proclamation for a national day of prayer to occur on Sept. 3, 2017, in the Oval Office of the White House, on Sept. 1, 2017, in Washington. (AP Photo/Evan Vucci)

As the threat of impeachment looms, President Donald Trump is digging in and taking solace in the base that helped him get elected: conservative evangelical Christians who laud his commitment to enacting their agenda.

Trump told reporters last week that “the biggest pastors” have assured him that Christians are “electrified” by his clash with Democrats who are probing his pushes for Ukraine to launch an investigation into a political rival, former Democratic Vice President Joe Biden.

And the prominent evangelicals who have proven Trump’s most stalwart allies are staying in his corner for the impeachment fight, even as some push back against his withdrawal of U.S. troops from northern Syria — a move that imperils scores of Kurdish Muslims and Christians in the region. Although Trump’s Syria pullback is alarming conservative Christians whose support he needs to win reelection, their rallying against his impeachment indicates a bond that appears strong enough to withstand the current foreign policy rift as 2020 balloting nears.

South Carolina pastor and televangelist the Rev. Mark Burns, a backer since the early days of Trump’s 2016 campaign, said in an interview that “it’s important that religious leaders reach out to the president.” Burns contended that Trump’s struggles are partly connected to his Christian faith, adding that “Satan wants to remove a vessel that God has installed to again be a blessing to the religious community.”

Burns said he spoke with Trump briefly last week, when the president met with black conservatives at the White House, and recalled hearing the Holy Spirit “as I crossed the street to walk into Trump Tower” for their first meeting in 2015. Maryland-based Pentecostal Bishop Harry Jackson, who has met with Trump at the White House, said that he plans to hold a large prayer gathering this year for “healing in the nation.”

But it’s not clear whether Trump is seeking or receiving the religious solace that former President Bill Clinton sought as his own impeachment plight intensified two decades ago. Clinton named two progressive pastors to provide spiritual reprieve in 1998, as an extramarital affair earlier in his presidency metastasized into national scandal.

The current president has no religious leaders in such a defined role, though he gets frequent backup from Southern Baptist megachurch pastor Robert Jeffress — who warned of “a civil war like fracture” from removing Trump — and the Rev. Franklin Graham. The son of the late Rev. Billy Graham has denounced the impeachment investigation but this week asked followers to “pray w/me” that Trump would reconsider his ceding of Syrian territory to Turkey.

Another evangelical Trump ally who has defended Trump’s Syria withdrawal, Liberty University President Jerry Falwell Jr., said in an interview that he and the president are in regular communication but described himself as “not a spiritual adviser, not a counselor. I’m just his friend.” Falwell Jr.’s wife, Becki, said she also maintains a friendly, mutually supportive text-message conversation with first lady Melania Trump.

The Rev. Tony Suarez, who joined Trump’s evangelical advisory board during the 2016 campaign, said that he and the president did not talk impeachment when he last visited the White House two weeks ago. If he’d had the chance, Suarez said, he would offer to pray with Trump, just as “I would offer to pray with anyone who was going through a trying period in their life.”

The Democratic impeachment inquiry deals with Trump’s bid to get Ukrainian authorities looking into unfounded corruption allegations against Joe Biden, a top rival in the 2020 election, and his son, Hunter. Biden’s son served on the board of a Ukrainian gas company while the former vice president steered U.S. policy toward Kyiv.

No evidence has emerged to support Trump’s charges of improper behavior by the Bidens. But Suarez, the executive vice president of the National Hispanic Christian Leadership Conference, and other pro-Trump evangelicals dismissed the impeachment investigation as a politically motivated effort by Democrats to undercut the president.

As Trump celebrates their support, with plans to address religious conservatives on Saturday at the Values Voter Summit in Washington, dozens of other pastors are aligning to support the impeachment inquiry with a day of prayer on Sunday.

“We welcome the light of truth, honesty, and transparency that this moment affords our country, whatever may be revealed,” wrote members of the group Red Letter Christians, many of them progressives, who signed a statement supporting Democrats’ investigation. “This is not a matter of partisanship, but of deepest principle.”

Click here to read more.
Source: Religion News Service

via Religious Right Sticks by President Trump as Political Heat Rises — BCNN1 – Black Christian News Network

Before Assange, Snowden, and Manning, The Deep State Targeted John Lennon | The Free Thought Project

Article Image
https://thefreethoughtproject.com

“You gotta remember, establishment, it’s just a name for evil. The monster doesn’t care whether it kills all the students or whether there’s a revolution. It’s not thinking logically, it’s out of control.”—John Lennon (1969)

(TRI) – John Lennon, born 79 years ago on October 9, 1940, was a musical genius and pop cultural icon.

He was also a vocal peace protester and anti-war activist and a high-profile example of the lengths to which the Deep State will go to persecute those who dare to challenge its authority.

Long before Julian Assange, Edward Snowden and Chelsea Manning were being castigated for blowing the whistle on the government’s war crimes and the National Security Agency’s abuse of its surveillance powers, it was Lennon who was being singled out for daring to speak truth to power about the government’s warmongering, his phone calls monitored and data files illegally collected on his activities and associations.

For a while, at least, Lennon became enemy number one in the eyes of the U.S. government.

Years after Lennon’s assassination it would be revealed that the FBI had collected 281 pages of files on him, including song lyrics. J. Edgar Hoover, head of the FBI at the time, directed the agency to spy on the musician. There were also various written orders calling on government agents to frame Lennon for a drug bust. “The FBI’s files on Lennon … read like the writings of a paranoid goody-two-shoes,” observed reporter Jonathan Curiel.

As the New York Times notes, “Critics of today’s domestic surveillance object largely on privacy grounds. They have focused far less on how easily government surveillance can become an instrument for the people in power to try to hold on to power. ‘The U.S. vs. John Lennon’ … is the story not only of one man being harassed, but of a democracy being undermined.”

Indeed, all of the many complaints we have about government today—surveillance, militarism, corruption, harassment, SWAT team raids, political persecution, spying, overcriminalization, etc.—were present in Lennon’s day and formed the basis of his call for social justice, peace and a populist revolution.

Corrupt kids: A generational stench seeps from the swamp | WND

A popular 1930s radio program began with a distinctive voice asking, “Who knows what evil lurks in the hearts of men.” The answer then followed with an ominous laugh. Referencing the program’s crime-fighting vigilante, the answer came, “The Shadow knows.” For almost two decades, audiences gathered around their radios to listen to The Shadow’s latest tale of mystery and suspense.

Today, we are listening to tales of mystery and suspense emanating from the shadows of the effort to impeach President Donald Trump. Democrats endeavoring to keep the spotlight on him, as we have seen with 2020 Democratic presidential candidate Joe Biden, are witnessing the results of that light spilling over, illuminating what has lingered in the shadows. This has led to the exposure of possible misdeeds by the offspring of party leaders or, at a minimum, the cultivation of their possible assistance by foreign interests. It is creating a very discomforting feeling, not only about where the priorities of our political leaders lie but why they are so determined to keep the spotlight focused on Trump.

As is often the case, with time the truth emerges. And, as such, a common thread linking various anti-Trump political leaders is starting to emerge, possibly giving us some insight as to why they are so committed to Trump’s impeachment. In several cases we see a financial factor tied directly to a politician or a politician’s offspring.

Let us begin with one of the first politicians to encourage their anti-Trump supporters to assume a confrontational role whenever possible, either against him or those serving in his administration: Rep. “Mad Maxine” Waters, D-Calif.

Trump was not even in the Oval Office two weeks before Waters was spreading her confrontational venom. As a representative of the party of alleged tolerance, she called on supporters to confront Trump administration officials wherever found, showing up where they were speaking, eating or visiting, creating a crowd and telling them “they’re not welcome anymore, anywhere.” It did not take long for her message to generate its desired impact.

But if one examines Waters under the microscope, it is easier to understand why she chooses to keep the spotlight off herself and on Trump. If you are dubbed “one of the most corrupt members of Congress,” there is a keen interest in shifting that spotlight’s focus to another target. One wonders how Waters has become so wealthy as a member of Congress supposedly serving the people, tallying several homes in a state having the highest number of homeless. Included in this race-baiter’s real estate portfolio is a $4 million mansion in one of the wealthiest areas of Los Angeles – a neighborhood almost completely white, unlike her mostly Hispanic and black constituency.

Nor has Waters hesitated to share the wealth with other family members. Most recently, ethical concerns have been raised over her funneling public funds (more than $750,000 since 2004) to her daughter’s company. Nothing like trying to avoid focusing on one’s own vices by suggesting someone else be investigated.

Then there is the son of House Speaker Nancy Pelosi, D-Calif., Paul, whom, it is now reported, like Hunter Biden, has financial ties to Ukraine. Reporter Patrick Howley revealed a 2013 video of Pelosi promoting himself and using his mother’s appearance in an ad. As a board member of Viscoil and part of the senior management team of its related company NRGLab, business was being done in Ukraine. While it appears he was not involved in anything untoward there, still it is indicative of a value placed on the offspring of Washington, D.C.’s “swamp” creatures and the need to maintain a stable for their possible future need.

More damning for Paul, however, is a charge of fraud by the Securities and Exchange Commission against an investment company he co-founded, focusing on “environmentally friendly” ventures. The charge stems from the company secretly being controlled by two individuals with previous convictions for fraud running the business although banned from doing so.

For his Ukranian associates, Hunter Biden has clearly proven to be the most productive horse in the stable they maintain. He has his fingers in a number of ventures that are paying him dearly, enabling him to feed his penchant for drugs, alcohol, strip clubs and prostitutes. His involvement in the Ukraine has been well-documented where, allegedly, with help from his father as vice president, he managed to get the government to fire a prosecutor investigating Burisma Holdings, on whose board Hunter sits. And in a bombshell revelation by Ukrainian MP Andriy Derkach, at some point Joe Biden was paid $900,000 personally for consulting services by that company.

Hunter also partnered with Christopher Heinz, the stepson of then senator and later Secretary of State John Kerry, to create an international private equity firm. Populated by political loyalists, the firm was positioned to make profitable deals overseas with foreign governments with which the U.S. was negotiating. Hunter’s nefarious dealings also involve a financial stake in Megvii Technology – which raised billions of dollars to advance facial recognition technology in China and was recently blacklisted by the U.S. Commerce Department for human rights violations.

Adding to the Biden family’s legal-troubles profile is Joe’s younger brother, James, who has a history of murky financial dealings. He and his associates are accused of defrauding a Tennessee rural health-care company and of falsely promising to get Joe’s help to land the firm some lucrative contracts by implementing their health-care models into his campaign. One can only wonder if Joe’s off-the-wall promise during a campaign speech in Iowa last July to cure cancer was linked to helping brother James’ marketing of such a cure as well.

The 2016 book “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends” by Peter Schweizer details how Hunter’s equity firm richly benefited from Joe’s 2013 trip to China. Apparently unconcerned over the negative appearance traveling with his father on Air Force Two while conducting private business there might have, Hunter laid the groundwork during the trip for a billion-dollar deal with a subsidiary of the Bank of China. While Schweizer’s book triggered an investigation of the Clinton Foundation, no similar investigation was prompted into Hunter’s activities.

There is a certain stench emanating from the swamp – and it is generational. As the spotlight now begins exposing the financial benefit to which families of swamp creatures believe they are entitled, we are in desperate need of a crime-fighter hero like The Shadow to drain it once and for all. A collateral benefit of doing so will clear it of the calls we keep hearing for impeachment.

Source: Corrupt kids: A generational stench seeps from the swamp

The Beginning Of The End | ZeroHedge News

Authored by Sven Henrich via NorthmanTrader.com,

They sure are trying their best. To do what? To goose markets higher. It’s been quite the spectacle all year, but this Friday sure took the cake. The entire week had been a giant jerk fest of sudden rips and dips as headline chasing algos were ripping through support and resistance levels unleashed like fat kids at the candy shop. But this Friday was something else, almost designed to have markets overdose on an insulin spike.

Ever more hyped up on an impending China deal, every meeting, and movement of negotiators caused market spikes, a Trump tweet about “warm feelings”, a $82.7B repo operation by the Fed to keep things tidy, a sudden out of the blue $60B/month Treasury buying operation announced by the Fed, multiple Fed speakers to boot, what a scene.

And really Fed? You are throwing this $60B a month announcement out on a Friday with the $DJIA already up 350 points? What are you thinking here? The Fed knows this kind of announcement juices up markets. The Fed sheepishly claims it’s not QE. Oh piss off already. Expanding the balance sheet by $60B a month is a massive intervention any way you cut it or slice it. How big? Do the math. $60B per month is a run rate of $720B a year. And while they claim they’ll stop it in Q2 next year who really believe anything they say? Did you believe QT was on autopilot last year? Lol. Fool me once.

You know what else is $720B a year or $60B a month? The ENTIRE US MILITARY BUDGET. The largest military budget on the planet. Millions under arms, submarines, aircraft carriers, nuclear arsenal, bombers, fighter jets, military bases across the globe, satellites, drones, laser guided missiles, you name it. All of it runs at $60B per month.
So lest everyone is blind to numbers these days as everything is so monstrous our eyes glaze over I trust this comparison highlights how massive the Fed’s announcement was on Friday. But not QE. Right. Believe it if you so choose.

And yet, despite 2 rate cuts, the liquidity and news spectacle on Friday, no new highs. Everything including the kitchen sink is being thrown at these markets. The hype is palatable. And here we are. One year after rate hikes and balance sheet unwind on autopilot we’re back into crisis management, because that’s what rate cuts and balance sheet expansion is.
The ECB has cut and relaunched QE, the Fed has cut twice and is now running a US military budget size balance sheet expansion program.

Take these actions and place them anywhere else in history (2000, 2007, any time) and this would be called an emergency intervention program.

Why is nobody calling it that now? Because all of our senses and perceptions have been dulled by the constant droning on of central bankers telling us that without their existence the stone age is coming back? Please.

Yes they are all afraid of the consequences of debt/credit monstrosity they have unleashed and their only choice to blow an even bigger bubble.

Whether they will succeed is another question. But know that all this frantic action to manipulate the liquidity and rate equation is in response to one chart, the chart that says we are at the beginning of the end.

First comes the yield curve inversion, then comes the steepening, and that’s exactly what happened this week:

Why are central bankers acting like there is a global crisis? Because they know exactly the history of this chart and hence they are trying everything in their power to avert the inevitable. And if that means they have to lie and not call it QE then that’s what they have to do.

They’re buying treasuries because the US government has an insatiable demand for debt. Spending keeps increasing, courtesy both GOP and Democrats, increased military spending, liability obligations, you name it, revenue is not large enough as growth is slowing, hence trillion dollar deficits are here and debt must be financed and when you have that much debt to sell you need buyers. And now the Fed is back in the game.

It’s all a big game.

Also a big game: That big China deal which is no big deal at all, it’s no deal. Nothing is in writing, nothing’s been signed, but let’s call it a great phase 1 partial whatever that means:

Let me tell you what it doesn’t mean: No company is suddenly going to increase their capex or business investments because in 5 weeks, maybe, something will get signed to buy more soybeans and pork as part of phase 1. They didn’t solve anything, it’s a face saving exercise and gives the Chinese time. Time for what? Time to see how the political situation unfolds in the US.

Impeachment? Here’s an out of field controversial and admittedly entirely speculative take on all this: Who’s says Trump is around for phase 2 or phase 3 as he called it yesterday? Everybody assumes he’ll survive impeachment and may well win the election next year. Who says he actually wants to? As radical as it sounds impeachment may be his best and most desirable option.

He sure is acting like he wants to get impeached, he’s practically daring not only Democrats but increasingly Republicans as well. Think about it. What if he really is trying to get impeached and nobody’s doing it for him? The logical path would be to do ever more outrageous things until they finally caved and impeached him. His sudden and unexpected move with the Kurds/Turkey caused big consternation with his Republican supporters who couldn’t quite fathom what he was doing. If he was trying to get impeached such a move would be consistent with such a move. Sounds too crazy? Consider this:

Why would Trump want to get impeached? It’s actually a win win for him. First off he would not have to risk losing at the ballot box next year. Despite all the claims to the contrary his poll numbers are dreadful, for someone not liking to lose a historical defeat in 2020 would not exactly be ego soothing. His entire narrative has been around fake news, fake polls, fake this and fake that. A defeat at the ballot box next year would be a historic repudiation of such a narrative.

If he and his team know a recession is very possible in 2020, then they also know they would likely lose for that reason alone. But it’s more than that. An impeachment process allows to lose the presidency but keep a deep state conspiracy narrative alive. I didn’t lose, I was pushed out by the evils from within. A much more appealing narrative, especially if it comes with a blank immunity check for everything that may well still be uncovered. See, losing the 2020 election doesn’t come with an immunity deal. It may come with an arrest warrant. But dragging the country through a paralyzing constitutional crisis would likely come with an immunity deal as people from both sides would practically beg him to step down. Sure he says, but gimme and my family a blanket get out of jail free card. Why don’t you President Pence? After all it’s been done before.

The political remains speculative, but the Chinese are well served in waiting and managing to get a tariff delay for October in exchange for buying some soybeans and pork. Who knows that the political landscape will be 2-3 months from now.

But what is clear is this non deal deal is not going to suddenly promote investment or sudden economy growth. It may produce a sugar relief high, but as I outlined before: Bulls need new highs or face a major double top. And so far, despite all this:

No new highs. Yet. Next week Q3 earnings will start rolling in in earnest. Besides the results, look closely at the outlooks, especially hiring, as jobless claims is still the missing link for bears. But this week bears got another checkmark: The steepening of the yield curve has begun. The beginning of the end?

Source: The Beginning Of The End