morning all
STACY25 USAF E-4B Nightwatch west from Robins AFB, GA
BOXER43 USAF C-40C west from JBA
SAM679 USAF G5 departd JBA behind
at least you not two breds behind on notes
The Carnage Continues: ARK Funds See More Than $400 Million In Outflows Thursday
The carnage continued for Cathie Wood's ARK Invest funds on Thursday as the NASDAQ failed to do what it is supposed to, which is go up every day fueled by Fed cash with no rhyme, reason or mind paid to the fundamentals of its components.
The firm's flagship ARKK fund saw over $200 million in outflows, breaking with a trend it had been setting in the 18 months prior of continued, seemingly endless, inflows.
Between five of ARK's ETFs, Wood saw outflows of $443 million on the day.
All five funds see outflows. Total $443mm. $ARKK $ARKG $ARKW $ARKF $ARKQ pic.twitter.com/xDc8qGQDEq
— TC (@TESLAcharts) February 26, 2021
Additionally, Jesse Felder noted yesterday on Twitter that more people now, than ever, were either lining up specifically to bet against Wood, or using her funds as a levered ShitCo-specific vessel for positioning short the index itself. After all, what speculative names go up, must come down.
'The number of put options outstanding on the ARK Innovation exchange-traded fund — which would pay off if the ETF’s price declines — has hit a high of 368,000 contracts.' https://t.co/lAIbzUIeAP pic.twitter.com/6FyDEOkvin
— Jesse Felder (@jessefelder) February 25, 2021
Doubts about Wood's stock picking acumen seem to be growing. Short bets against ARK continue to rise - a trend we first pointed out that had started weeks ago. It appears as though due to Wood's recent positioning - which we noted two days ago included selling out of well known liquid names and piling into some speculative tech small caps - that liquidity could be an issue.
@ARKInvest is facing daily fund outflows of 1.4% of their AUM this week. They're trimming all positions as this happens.
ARK's most illiquid positions are shitco's, listed here by the number of days it would take ARK to exit, based on avg daily volume. ur welcome. $TSLAQ pic.twitter.com/srg7OHkb36
— Motorhead (@BradMunchen) February 26, 2021
This is likely what the above put buyers are betting on. As we noted this week, one thing Wood hasn't had to deal with over the last 18 months during her meteoric rise has been a serious sell off in Tesla. And, over the last few sessions, Tesla - one of the main driving forces behind Wood's investing "genius" - has continued to look shaky while, at the same time, Bitcoin - another asset with numerous ties to Wood's portfolio and positions - is almost 30% off its recent highs.
We noted several weeks ago that short interest in ARK funds had "exploded" after ARK's banner 2020. Short interest as a percentage of shares outstanding for the firm's flagship $21 billion ARK Innovation ETF spiked to an all time high of 1.9% from just 0.3% two months ago, according to data from IHS Markit Ltd. and Bloomberg. That number now stands at nearly 3.5%, as evidenced in the chart above.
We were one of the first to highlight how the law of large numbers could eventually stand in the way of Cathie Wood's success.
https://www.zerohedge.com/markets/carnage-continues-ark-funds-see-more-400-million-outflows-thursday
Not AF1
82-8000 USAF 747 departed JBA to Houston, TX-Ellington Field JRB
09-0016 USAF C-32A departed JBA after 82-8000
STACY25 USAF E-4B Nightwatch on final approach at Dyess AFB Abilene, TX
London could lose out to New York under draft EU finance deal: document
The City of London’s finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European Union, a document, seen by Reuters, showed. Britain’s financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as the sector is not covered by the UK-EU trade deal.
Trading in EU shares and derivatives, for example, has already left Britain for continental Europe. Both sides are committed to agreeing a memorandum of understanding (MoU) by the end of March on regular, informal talks about financial rules and market supervision.
An early draft of this document, seen by Reuters, has less substance than a deal the EU agreed with the United States in 2016, industry officials said. Brussels can grant direct market access for foreign financial companies if it deems their home market rules are as robust as the EU’s own standards, a system known as “equivalence.”
A person familiar with Britain’s negotiating position said the UK focus is on making sure the MoU provides transparency and appropriate dialogue when it comes to adopting, suspending and withdrawing equivalence decisions.
Currently, the EU can in theory scrap equivalence decisions with just 30 days’ notice.
Under the U.S. deal with the EU, equivalence is treated as “outcomes-based”.
Britain has called for EU equivalence also to be outcomes based, which would ensure that the focus would be on whether financial rules in Britain and the EU produce the same result. But there is no mention of outcomes-based equivalence in the draft EU-UK memorandum.
The EU text is deliberately more unambitious that the U.S. agreement and does not reflect even the current depth of relationship with bilateral MoUs already signed between individual regulators in Britain and the EU, one financial sector source said.
https://www.reuters.com/article/britain-eu-finance/update-1-london-could-lose-out-to-new-york-under-draft-eu-finance-deal-document-idUSL1N2KW1UQ
heads up
Faggot making noise again
>>63366 lb
WAKE94 USAFSOC C-32B departed Bangor, ME after a ground stop-inbound from Ramstein AFB
This AC appeared over the Black Sea last night after last being seen on descent for Amman, Jordan on 0222
Wut you doin' over NC wakes?
kek
dunno and don't really care.
they will keep this up no matter wut.
all part of the regularly scheduled op known as mnr are the boogeyman…
Funny though…
saw a little bit of it.
They still have not addressed the last few posts in the transparency thread.
I wonder why.
kek
Warren Buffett Backers Can Rest Easy With 90-Year-Old Getting Vaccine
Warren Buffett, the 90-year-old chief executive officer of Berkshire Hathaway Inc., has received his Covid-19 vaccination.
As shareholders prepare for the release of his closely watched annual letter Saturday, Buffett’s assistant confirmed that the investor has had both of the Pfizer Inc. shots. The vaccination has a two-dose regimen.
Berkshire has two nonagenarians as its most senior leaders, with Buffett turning 90 last year and his longtime business partner Charlie Munger turning 97 in January. Munger has said he expects that the pandemic will start shrinking to insignificance over the year as more vaccines are distributed.
https://www.bnnbloomberg.ca/warren-buffett-backers-can-rest-easy-with-90-year-old-getting-vaccine-1.1569338
Gold Is Getting Monkey-Hammered!
When will people stop selling gold and silver and realize that rising inflation is not a one-time threat that the Fed will stomp out by raising rates and tightening monetary policy? Peter Schiff explains:
"They [The Fed] are going to do nothing. The dollar is going to collapse, which is the mother of all tailwinds for gold. And so, at some point, it’s going to happen. But in the meantime, they’re simply creating more buying opportunities for people who have been really slow to pull the trigger on getting their precious metals, getting their mining stocks.”
In effect, Powell this week was telling the market, “Don’t worry, we won’t be tightening monetary policy for years.” This despite the fact that the commodity markets are screaming inflation. Oil, industrial metals, grains, beans – they are all making big gains. The only thing that’s not catching a bid is gold.
"For some reason, people are still thinking that rising interest rates are bad for gold and silver, but they’re bullish for everything else. But the reality is — they’re not. They’re more bullish for gold and silver than any of these other commodities… In fact, here is the reality that nobody wants to acknowledge: as interest rates are moving up, rather than raising rates and reducing the size of its QE program, it is going to increase the size of its QE program.”
https://www.zerohedge.com/markets/gold-getting-monkey-hammered
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
ECB's Stournaras calls for increasing bond buying to calm markets
Greece’s Yannis Stournaras became the first European Central Bank policymaker on Friday to openly call for increasing the pace of ECB bond purchases to stem a rise in borrowing costs. With euro zone bond yields set for their biggest monthly rise in three years, the ECB is under some pressure to make good on its promise to keep borrowing costs easy for the coronavirus-stricken bloc through its Pandemic Emergency Purchase Programme (PEPP).
“In my view, there is an unwarranted tightening of bond yields, so it would perhaps be desirable for the ECB to accelerate the pace of PEPP purchases to ensure favourable financing conditions during the pandemic,” Stournaras told Reuters in an interview. “In my view there’s no fundamental justification for a tightening of nominal bond yields in the long end,” the Greek central bank governor said.
Stournaras said ECB policymakers should instruct the Executive Board, which runs day-to-day business including bond purchases, to intervene accordingly when they meet on March 11. He added that they may also alter the ECB’s policy message “slightly”, although he said no material change was needed as the central bank still had almost 1 trillion euros left to spend in its PEPP arsenal.
Germany’s 10-year bond yield, the region’s benchmark, fell to its lowest for the day at -0.287% after Stournaras’ comments. It was still set for its biggest monthly gain since January 2018, however, with a 24 basis point rise. “This is a big shift from the message we have been used to and it remains to be seen whether other ECB members share the same view,” said Divyang Shah, global strategist at IFR Markets.
Earlier on Friday, ECB board members Philip Lane and Isabel Schnabel had said bond yields warranted monitoring but stopped short of calling for more purchases.
https://www.reuters.com/article/ecb-policy-bonds/exclusive-ecbs-stournaras-calls-for-increasing-bond-buying-to-calm-markets-idUSL1N2KW277
82-8000 USAF 747 on descent for Houston, TX Ellington Field
09-0016 USAF C-32A heading to Ft. Hood most likely-red dot
>>63304 lb
BOXER43 USAF C-40C back at Peterson AFB from JBA
There on the 24th with SAM797-the two AC's that were in a BIG hurry from North Island depart yesterday back to JBA
SAM679 USAF G5 on final approach for Grand Junction Regional Airport, CO
CREED16 USAF E-4B Nightwatch departed Edwards AFB and a short hop over to Vandenberg AFB
Lined up for an approach nao
Virgin Galactic delays space tourism liftoff
Virgin Galactic Holdings Inc. announced Thursday that it has postponed test flights for its rocket-powered spaceflight program for two months in order to address technical issues, further delaying its promise of commercial flights. The space tourism venture, founded by Richard Branson, told investors in an earnings call that its second and third test flights will be pushed until at least May after the company effectively addresses the technical issues stemming from its Dec. 12 flight. The last attempt in December was cut short when computer trouble prevented the spaceship’s rocket from firing properly. Instead of soaring toward space, the ship and its two pilots were forced to make an immediate landing by gliding back down to the runway at the desert outpost in southern New Mexico.
On Thursday, the company said it's confident that the issue was "likely caused by electromagnetic interference or EMI." Virgin will now delay its February launch "to mitigate it further" before future flights, Mike Moses, Virgin Galatic president of space missions and safety, told investors. Virgin Galactic has reached space twice before — the first time from California in December 2018. In June, Virgin Galactic marked its second successful glide flight over Spaceport America.
The company has yet to announce a firm date for its first commercial flight.
https://www.foxbusiness.com/markets/virgin-galactic-delays-space-tourism-liftoff
>>63247 pb
SAM836 USAF C-40B departed Peterson AFB after an overnight
This AC dropped someone off at Vail prior to arriving at Peterson last night
sure Angie sure….
muh static vpn not workin' today
Muh grapics come out!!!
kek!