Anonymous ID: cd8389 May 6, 2022, 1:15 p.m. No.16223270   🗄️.is đź”—kun   >>3287 >>3599 >>3635 >>3667

Mkt Fag: The day after-$1.3T…meh and some historical perspective on Market drops over the last several decades-edition

 

Historical Perspective in second post

The roller-coaster early for the first two hours + then nuffin with the requisite up turn towards the close-shorts covering (don't hold that over a weekend-bad enough doing over a weekday night but insane over a weekend in this environment-unless you have long term strategy with that-then the day-to-day- is not something you are paying attention to) Today a perfect example of if you were short-clock out before the last hour begins.

 

NAS block seen 10:42AMEST 1.33B-it was a 'buy'. LOD in NAS was 26 min in. Clownstrike lost 9+% on higher than avg volume 1.5x (look at me imma racecar drivur…hurrr durrr) and no news so upcoming earnings must have leaked (June 2 release). TSLA flat basically but LOD was $843.10-or $6.10 from it's "threshold"-not 'in play' yet as transaction not complete. TWTR -1+% on less than half of daily avg-remains in holding pattern (LOD $49.51). The ^RUT was the worst performer of the day at -32.82 (-1.75%)

 

This EXACTLY what 'they' want-the gullible retail "investor" picking it up thinking it's "cheap"

>>16220949 pb U.S. retail investors bought heavily during Thursday's big stock market drop

in should not be a surprise at all news

Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession

Revolving, or credit card debt, which more than doubled from the already elevated February print of $14.2 billion to a stunning $31.4 billion, the highest print on record.

https://www.zerohedge.com/economics/shocking-consumer-credit-numbers-everyone-maxing-out-their-credit-card-ahead-recession

 

The #s

Treasury complex-seeCap# 3 10 year continues it's march upwards and got to 3.104% before backing off after it's initial spike on the fake jobs #s and quite a 'battle' in it after that initial spike and smack- MUST…HABS…HIGHER…RATES. But while stocks looked 'unch' on the week, the bond market saw a dramatic change of tone with the long-end battered and short-end bid….massively steepening the yield curve. The entire yield curve is above 3.00% from 3Y out 'Real' yields surged on the week with 10Y real back above zero

 

Ruble/US$/Yen/'FOREX-see cap#4-Ruble got some smackage today and pretty expected after it's ascent over the last few weeks- itwas down 5.80% at one point. 0.000733 -4.76%'@ 0.014652 and since many conversions done to pay for da gas there was gonna be some point where it slowed down-this is it. Important to keep it's 52 week range in perspective here it's low was 0.006317-red circle lower left cap#3 Muh ÂĄ had a spike up on the news (below) of Japanese CPI and over 130.50 it's first resistance point (resistance/support levels are basically useless in this environment but that is what "it's at")' and up to 130.80 then someone decided that was too high and it cooled off after the Japanese CPI and not much after. Closed at roughly 130.55 +.38 0,30%-these never really close they jusst slow down for a while.

 

>>16218548 Tokyo consumer prices rise at fastest pace in seven years

https://www.marketwatch.com/investing/currency/rubusd

https://www.marketwatch.com/investing/index/dxy

https://www.marketwatch.com/investing/currency/usdjpy

 

WTI/Energy-WTI started off last night session building towards $110 after a brief bounce at $107 and still not doing much today but still up around $110-had some decent volume at the mid $108 level. The Aramco IPO is still to be puked out so these prices are elevated for a number of factors and that is one of them. WTI closed +2.32(+2.14%)

 

Natty Gas-cap #5 is still continuing it's climb and was +4.37% and made a run at $9 earlier and turned back-heading back. They are giving Hungary, Czechs and Slovaks "moar time" >>16222347, >>16222841 pb

'U.S. Natural Gas Prices Could Soon Hit $10

Earlier this week, the front-month Henry Hub benchmark price hit a 13-year high of over $8/MMBtu, as prices rallied amid increased demand for air conditioning.

https://oilprice.com/Latest-Energy-News/World-News/US-Natural-Gas-Prices-Could-Soon-Hit-10.html

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://www.dailyfx.com/natural-gas

 

Metals Starting off in the Asian session last night- Ag down over 1% already @ 10:43am Tokyo time -0.27 -1.18%-they are not done as predicted last week. Au is -$10.10 -0.54%

It has improved since last night and both pretty flat in early trading today-according to COMEX data a total of 77,177 contracts changed hands yesterday 0505 so that equates to 385,885,000/ozs of paper Ag. 1 contract = 5,000/ozs

Ag closed at roughly -0.11 -0.49% @ $22.37/oz and Au +6.10 +0.33% @1882.40/oz

https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458

 

NYFRB Opeartions Missed the one yesterday but another currency swap with the E.U for $222m @1.10%-see below for todays

 

For those of you who do not know THIS is the real arm of the CB system in the U.S. all the alphabet programs/ swap/ repo's (revese/Agency Debt lending is through here-the Washington Branch is just a storefront an is basically just an address that occupies (private-as are all the other) land

 

Reverse Repo Operations

$1.86T submitted and all of accepted-this is "cash" exchanged for paper

https://www.newyorkfed.org/markets/desk-operations/reverse-repo

 

Agency Mortgage-Backed Securities Operations

$6.4B submitted and $2.07BB accepted in 2 operations

https://www.newyorkfed.org/markets/desk-operations/ambs

 

Central Bank Liquidity Swap Operations-none today

 

Securities Lending Operations'-The New York Fed lends Treasury and agency debt securities from the System Open Market Account (SOMA) portfolio to primary dealers on a temporary basis. These daily operations promote the smooth clearing of Treasury and agency debt securities in support of monetary policy implementation.

$43.12B submitted and $42.97B accepted

https://www.newyorkfed.org/markets/desk-operations/securities-lending

 

Some overnight/morning /afternoon news

 

so let's see how this goes down and how strong the temptation is for the $ vs. moral statements regarding them being absent from these deals

JPMorgan Submits Surprise Bid to Underwrite Mega Texas Muni Deal

 

For months, JPMorgan Chase & Co. has been largely absent from the Texas municipal-bond market because of a new GOP state law targeting Wall Street banks for their gun policies. But the bank raised its hand when a Texas financing authority put out a request for proposals last month for a $3.4 billion muni deal it’s aiming to sell by August to cover costs incurred by utilities during a deadly 2021 winter storm. The offering is poised to be the largest muni sale ever in the state. JPMorgan was one of the roughly 40 banks that submitted a proposal, according to Lee Deviney, executive director of the Texas Public Finance Authority, which formed the entity that’s selling the bonds.

https://www.bnnbloomberg.ca/jpmorgan-submits-surprise-bid-to-underwrite-mega-texas-muni-deal-1.1762300

 

1st Look at Local Housing Markets in April; Realtor.com shows active inventory down only 3% year-over-year

https://www.calculatedriskblog.com/2022/05/1st-look-at-local-housing-markets-in.html

 

dhey been monkeying with the peg and set it higher the other day….this is not a big amount in the grand scheme of things but worth noting as additional pressure.

 

An $86 Billion Dividend Bill Threatens to Send Yuan Lower

https://www.bnnbloomberg.ca/an-86-billion-dividend-bill-threatens-to-send-yuan-lower-1.1761844

From last night and moar evidence of the little dutch boy failing and hilarious that this comes from JP Moragn too..I'm sure most people remember the trouble they had shorting EU bonds a few times over the last few years.

 

see article at bottom of yesterdays report >>16216923 pb

 

Bond Market Is Breaking: The Last Three Times 30Y Yields Jumped More, The Fed Intervened

https://www.zerohedge.com/markets/bond-market-breaking-last-three-times-30y-treasury-yields-jumped-more-fed-intervened

 

Colombian Inflation Jumps More Than Expected to 21-Year High

https://www.bnnbloomberg.ca/colombian-inflation-jumps-more-than-expected-to-21-year-high-1.1761876

https://finance.yahoo.com/quote/%5EIXIC

Anonymous ID: cd8389 May 6, 2022, 1:18 p.m. No.16223287   🗄️.is đź”—kun   >>3300 >>3635 >>3667

>>16223270

Historical Stock market drops and who was POTUS at time'

 

And if you already did not know this and probably they are NOT going to tank this hard for an extended period of time: 2 reasons here (ESG kings link below) and they have never done that-over an extended period of time with a few exceptions with Democrat incumbent POTUS. Hoover was a Republican (1929), 1958 (Eisenhower). Exception here is Kennedy in 1962 (The S&P 500 declined 22.5%) and Johnson in '66-those are unique ones as Kennedy duh and Johnson-credit crunch casued by Vietanm spending out-of-control so the FRB raised rates cause they need to War to continue), 69-70 (nixon) the shit in the 70's done under Ford and some with Carter-but towards the end, Reagan (1987) they had some problems in the 90's while Bubba (hillbags) in charge but they were quickly 'fix't' (dot com bubble-but that did not get going until Shrub got in), 2008 (Shrub).

 

Kennedy, Johnson( this one cause Vietnam) Clinton, Hussein the obvious exceptions here. But they were not for very long in any of those cases except Kennedy.'''

 

It got dropped in 2011 with the downgrading of America’s credit rating from AAA to AA+ for the first time. The U.S. had a AAA rating since 1941. 2018 (45) and that drop began in earnest on October 10th 2018-the same date that is displayed on the Economist Cover from January of 1988 see cap#2-also because the FRB raised interest rates That drop was reversed on the FIRST trading day of 2019. Janet Yellen started raising it in 2017 and then Jerry resumed it in 2018.

Coupla other examples but rule of thumb they do not drop and leave it there when a Dem is occupying the WH-Kennedy (for obvious reasons followed by LB Johnson-wasn't really a Dem though) and Hussein with the credit downgraded and the Bubba time frame the only real times. Recall that the 2008 event was started in 2007 and the lasted until March of 2009 right after Black Jesus got in so he could be seen as the savior-then they threw $27T at it.

https://fifthperson.com/every-us-stock-market-crash-since-the-1950s/

 

>>16221736 pb ESG kings at BlackRock and Vanguard are the top two shareholders of the largest companies in nearly every sector