Mkt Fag: It was up down and sideways but the hedgies are still fugged-even Janet can't save your over-leveraged asses-edition
Some shit going on: The SP500 had two stabs at "bear market" territory and were magically repelled-but still under 4k-see even Janet has the ESF button 'at ready' on the plane she is on right now heading over the Atlantic -see below under Treasury. So even with all that choppy bullshit today (there were a few attempts to "buy it") but no one home. Highlighting the sitting on hands approach as described yesterday. Still gonna be down for teh 8th straight week. And that VIX issue mentioned a few days ago-seems the personnel at the NYFRB/Chicago got the message as that was dealth with by a huge OpEx expiration tomorrow-the third Friday of every month are those. Only thing that was green (barely) was the RUT at +1.38(+0.08%) and although they had a stab at the neckline and got the DOW green for less than 30 minutes they were a little moar successful with the NAS which was up all day ftmp but closed red at 29.66 (-0.26%). You like yer FANG Stocks? Well they don't like you -$2T since Nov 2021. Plus that rush of volume at the end was some trying to get something "in" amongst the usual expected rush of closing volume-why it closed
red.
NAS volume was approx 911,762,344 lower than it's daily avg. But Muh DOW was over by 1.24x and SP500 continues to be the laggad here at 66% of it's daily avg of 4,155,701,475. '''THERE IS NO ONE HOME-except on the DOW==
Cisco got slammed on it's earnings, it closed @ 41.72-6.64 (-13.73%) with 4x it's normal volume -so another one not done . Walmart still dropping and on 2.5x volume so not done on that side either it's close was 119.08-3.35 (-2.74%). A positive was Grab Holdings (Asian App or "superApp" as they call it) reported and it was up on 4.5x volume-it's an under $5 stock so it really not a big deal but results at close are 3.1300+0.6000 (+23.7154%). You can see the Top Gainers/Losers listed below for your perusement. Lucid Group (EVs) another positive 19.27+1.91 (+11.00%) on this news: As Lucid announced Wednesday, it has struck a deal to build a new electric car factory in Saudi Arabia – one with the capacity to churn out 155,000 EVs per year, contributing to what will eventually be a global production capacity of 500,000 EVs per year for the company. and the Saudis gave them $3.4B to do it with.
Trading HaltsAgain with the scrubbing: BGXX and VEDU all those halts yesterday are gone from teh list and BGXX has already been halted 10x today. this was where it was just before close 15.65-32.43 (-67.45%) and it was IPO'd 2 days ago. 2 halts on DPSI Decisionpoint Systems, Inc. 6.98-1.17 (-14.36%) and already down an additional 7.75% in AH trading. DSP Dynamic Asset Allocation Fund Regular Growth halted becasue of "market volatility. Mimecast Limited provides cloud security and risk management services for corporate information and email was also halted (and this one not a small deal either as teh reason is "Additional Information Requested by NASDAQ" and even though it is being taken private via acquisition by Permira the code thrown for it was T12 which is the already stated moar info requested. Buyer beware as all the halts from yesterday, day before and everything going back to April 4th are missing again today so look before they scrub them.
https://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
Here is the Short Interest defined as the companies with the largest proportions of outstanding shares currently sold short. https://www.marketwatch.com/tools/screener/short-interest
Top winner/losersDow, NAS, SP500, NASDAQ 100-focus on NAS because it is by FAR the most bloated of all
Top winner/losers-DOW https://markets.businessinsider.com/index/market-movers/dow_jones
Top winner/losers-NAS 100- early on The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank
https://markets.businessinsider.com/index/market-movers/nasdaq_100
Top winner/losers- SP500 https://markets.businessinsider.com/index/market-movers/s&p_500
Treasury complexSee Cap #3 10yr had a coupla quick stabs at 3% but no dice….30yr looking like it's heading below 3% 3.093 +0.023-this made up the biggest part of the NYFRB Securities lending facility yesterday. In our session yields continued to slide-the 30 yr actually went below 3% for about an hour-the hour before markets opened and by 9:30amest it was right back at 2.99%. Nuffin going on there. Summary: Treasuries were bid today led by the short-end (2Y -6bps, 30Y -0.5bps). On the week, only 2Y is higher in yield with 10Y outperforming. Yields tumbled on the weak Philly Fed and Jobless Claims and rebounded during the day session
>>16305568 J-J-Janet left Brussels after telling everyone 'we' need to pay for Ukraine ala The Marshall Plan(that was $13B back then) redux-you know how well THAT worked out for all of us in the long run, NATO….
FOREX-US$, Ruble, Yen, Pound, EUROSee Cap#4 US$ slid in Asian trading 103.59 -0.22 -0.21%. Muh ¥ advanced 128.93+0.70 +0.55% after the Japanese trade data came out-see story below Some Thangz. Ruble resumed it's rise also 0.015767 +0.000323 2.09%, Pound back up after it's slide yesterday 1.2388+0.0047 0.38%- EURO @ 1.0503 0.0036 0.34%this all at 1:31 PM-JST May19. In our session it was US $ continuing it's slide 102.75 -1.07 -1.03%, but it improved to finish 102.84-0.98 -0.94%. Ruble was up over 0.16 0.016097+0.000653+4.23%, Muh ¥ strengthened after dropping in early Asian trading 127.64-0.60 -0.46% but gave some of that back on our close 127.76-0.47 -0.37% - I think we're gonna find that someone (cough, NYFRB) went in and soaked up an ass-ton of this-still see nothing on the currency swaps at NYFRB-doesn't mean they are not doing it. Kuroda was here a few weeks ago pleading with Janet for something and although she said no…it doesn't mean Jerry did too. Results at our close for all FOREX in Cap #4, the Ruble with the top performance (relative it's problems) of the day, VP is still RENT FREE dhere. THis chart is it's pair with the US $ so down is good. Deutsche Bank is by far the biggest player in the FOREX market with 21% of all FOREX trading-10 years ago they were still the biggest but at 11%. It estimated at $5.3 trillion daily-and probably close to $6T.
MetalsSee Cap 5 All flat to nuffin in Asian trading. COMEX data for Weds was 186,415,000ozs at the print price of $21.55 for $4.017B and steadily decreasing since May 13th Au having a decent day a few hours into our mkt +24.70 +1.36% with Ag +0.44 +2.06% far outpacing it on a % basis so that is gonna lower the Au/Ag ratio for today. Gold futures 1.29% rose $25.30, or 1.4%, to settle at $1,841.20 an ounce the best daily percentage rise for the most-active contract since April 12. This will change a little into our close but that is the 'print' price for all the contracts and products and that is assigned to them-habbens every day at 1:30pm est for all Commodities. The Gold/Silver ratio stands here now at the print price $83.985 ( −0.799 (−0.94%) Au closed at +24.40 +1.34% Ag +0.50 +2.36%'''
See here for news on Private Advisors Group selloff of $1.2B of SLV according to it's most recent 13F-HR.
They only own $63M of it or 2.9M/sh at a stated value of $21.50-so this is why the price has also been stable around here and not dropping below $21 for very long.
Here is your third party Ag Manipulatorto go along with the 4 major Zombie Banks: JP Morgue, Bank of ~~America~~ Italy, Shitibank and Goldman Sachs. see here >>16303803 pb Private Advisors Group sold $1.2B in SLV-Q1 2022-after buying roughly same amount in Q4 2021
=Oil/EnergyGot a bounce in overnight session off $107.86 but since Potato is getting Oil from Venezuela-or says he is this has got some issues getting past the $115 mark again. Any news item can trigger it though. Diesel prices have come off those highs (at about $4.70 'Rack Price' and now $4.23 give or take a few pennies) but still remain elevated as inventories are slowly catching up (i.e. building) but still at historic lows. But they spread between Retail and wholesale is almost 10% still. You have to toss out 2020 data cause hey were YUGE as demand cratered cause of the 'rona. Inventories of ultra low sulfur diesel in what the EIA calls PADD 1 — the East Coast — rose 1.21 million barrels last week to 20.4 million barrels. PADD 1 inventories of ULSD on the East Coast had declined in 13 of the 15 previous weeks and had dropped six weeks in a row before the increase the EIA posted Wednesday. U.S. refineries ran at 91.8% of capacity. It’s the highest level since August 2021. WTI closed @+1.71(+1.56%) while Natty Gas was down to $8.20 (Henry Hub) after another attempt at the last recent high at $8.60-two tries at it today. Usually in ALL financial products you get three stabs at a higher high or lower low (general rule of thumb) and it those fail the techies go the other way.
>>16304394 pb EU ‘Needs’ Lockdown-like Restrictions to Curb Russian Oil Use
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