Mkt Fag: Don't look at JP Morgue's Turd…looka the indices and Yerp's inflation issue is not ours edition
JPMorgan Drops On Mixed Q1 Results: EPS Slides, I-Banking Revenues Disappoint; Loss Provisions Jump As Dimon Warns On "Economic Challenges"
Opened up slightly down on the DOW/SP500 and NAS but then the hopium kicked in with quite a flurry of volume that (per usual drops off). DOW had a "juice" at 11:20am EST of 2.62M and same with the SP500 @ 14.32m and up dhey went and then leveled off as the volume decreased-shorts covering here (most shorted stocks squeezed again). Pretty big short cover at 1:28pm EST on the DOW-cause it dropped off a bit-if it was long it wouldn't have dropped like that-red circle. But look at the NAS with those YUGE volume spikes at 2:00pm (2.94B) and shortly after at 2:04pm EST (2.97B) and then a whopper at 2:26pm (3.11B) and there are only very few places that could come from-and all at the same time. Those were prolly Softbank cuz they do not care about price-they just want "out"-did same thing towards end of 2020-see here for latest >>>/qrb/132098, >>>/qrb/132383 It's either that or moar of the "most shorted stocks" giving it up….again-when will these ones learn?-you can't fight the FRB on the retail or even 'tute level. And the rest smell the blood and pile on in….lather,rinse, repeat. Again another decent day for small caps (RUT)and the DOW and SP500 are over the 50DMAs again…
https://finance.yahoo.com/screener/predefined/most_shorted_stocks
and just as a reminder from July 2021: SoftBank Hires Ex-Mossad Chief Yossi Cohen To Lead Israel Office
https://nocamels.com/2021/07/softbank-yossi-cohen-mossad-israel-office/
And since yesterdays U.S. CPI is not just an 'anomaly' or "not as bad as expectations" as presented by the Fin Media. We get P.P.I tomorrow as well as Goldman and Shitibak 'earnings'.
U.K. inflation accelerates to three-decade high in March
U.K. inflation hit a three-decade high in March of 7.0% on rising fuel prices, and economists expect an even bigger jump in April due to the increase in utility bills. The consumer price index–which measures what consumers pay for goods and services–rose at its fastest annual pace since March 1992, accelerating from the 6.2% on-year rise registered in February, according to data from the U.K.’s Office for National Statistics released Wednesday.
https://www.marketwatch.com/story/uk-inflation-accelerated-to-7-0-in-march-on-rising-energy-prices-271649831303
Of course!! but not here: U.S. Treasury Secretary J-J-Janet Yellen said Wednesday that she was more worried about the prospects of a recession in Europe. She also uttered some interdasting bullshit about “the future of the international order” and then this: Sec. Yellen outlines the goals and objectives of the international order, predicts a concerning global famine, warns against the cleaving of financial mechanisms for international trade as an outcome of the Ukraine conflict, threatens any nation who does not support the western political alliance and outlines the need for decarbonization of the global economy.
https://theconservativetreehouse.com/blog/2022/04/13/treasury-secretary-janet-yellen-delivers-remarks-outlining-the-future-of-our-international-order-and-need-to-decarbonize-our-economies/
The dude has some ballz
"Jamie" echoing the same bullshit "JPMorgan Chase CEO Jamie Dimon said Wednesday he does not envision the U.S. falling into a recession this year"…what a fuggen douchebag. JPMorgan reported a 42% decline in first-quarter profit…..kek "We remain optimistic"-JD 041322…of course you do!!
>>>/qrb/133096 pb Cause "ours" haz peaked…the big banks have made it so by decree- Did CPI Just Peak?
Treasury Yields backed off as nuffin goes straight up (except equties) when the NYFED chicago office makes sure that no short is going to "collect"-this had to do with sized bets not small or retail. They are determining the winners/losers and the rest are just along for the ride-kudos to anyone scalping this shit as it's pretty easy to see. -see cap #3 courtesy of ZH for Bond complex activity today. Bonds extended their gains (yield collapse) today - especially at the short-end (2Y yields are down over 30bps from the Monday highs). The long-end remains higher in yield on the week. Oil continues upwards and this is despite a YUGE increase in inventories-and after it gained roughly 6% yesterday. Modi is still buying Russian oil cheap so good for him-this is still about keeping prices elevated for Armaco IPO because you actually see demand destruction but yet the price continues upwards. Add in the SPR 'releases' and the price of crude haz no bidness being whre it is but since muh speculators do it and position limits are never enforced we get this shit. So much for lowering gas prices BOTUS….can't blame VP any longer (you'll try though)
See Cap#4
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