Mkt Fag: Pepe's funride and the rollercoaster of oh fug every time we offer but muh short squeeze probing-edition
DOW closed -103.81(-0.33%)and they could not get it green. NAS over daily avg. DOW well over and serial lagger SP500 well under
Gamestop being played with again-three halts in 10 minutes and it did nothing after all that and close @ $-they got it to $108.05 then halted and dpwn and sideways and well over avg volume earlier on-some big boi wants out of this who bought it higher and the conditions for squeeze still exist but it is an over-bloated TURD….fuggen Gamestop. At least it's not AMC who instead of buying physical metal bought shares in a mining company-like those will not be nationalized when it goes tits up. It sounds good to the masses though-money also came from Eric Sprott (PSLV fame) in that. If you din't sell into that (assuming you aren't the 'tards who bought it way higher up) you shouldn't be in this market at all.
And in this is such a healthy and deep market look at the other halts today-all it takes is someone to flinch (and some strategically placed news good or bad) and it's results are seen quickly. Whoever 'tries' something is instantly exposed.
Beyond Meat had 3 halts -Carvana 5-probing for short squeeze all day here, but this one-Tenon Medical had 9 and just before the last hour it was 7.28-29.10(-79.99%)they just did an IPO too-started trading on April 27th @$22.50 and they got that up to $49.80 on May 9th. https://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
It so choppy-see title and not much I can add to that but the DOW "found" a bottom at exactly 12pm est-yeah THAT is natural but since is was a new LOD it could habben-mebby kek. Same for SP500 and NAS but those were not new LOD so there is the 'hidden' hand (hello Janet!!) but after that 12pm est LOD was taken out almost 90 minutes later is was over for the DOW-SP500 still not at it's early LOD same for NAS. The ONLY thing performing at this point (just today) is the RUT but went negative and recovered to close green
Top winner/losers-Dow, NAS, SP500, NASDAQ 100-focus on NAS because it is by FAR the most bloated of all https://markets.businessinsider.com/index/market-movers/dow_jones
Top winner/losers- NAS 100' https://''markets.businessinsider.com/index/market-movers/nasdaq_100
Top winner/losers- SP500 https://markets.businessinsider.com/index/market-movers/s&p_500
NYFRB Operations today-the paper game vs 'cash'
A total of$1.905Tin overall transactions today just to get to tomorrow-nuffin to see here-the bulk is the Reverse Repo-see below
Reverse Repos
$1.90T and all of that 'cash' exchanged for shitty paper-inching closer to the $2T A Day for this only one other that has been bigger on April 29th @ $1.906T
https://www.newyorkfed.org/markets/desk-operations/reverse-repo
They reduced the threshold for who can participate in these on April 8, 2022
Statement Regarding Standing Repo Facility Counte-rparty Eligibility Criteria
The requirement for these institutions to have total U.S. Treasury, agency debt and agency mortgage-backed securities holdings equal to or greater than $5 billion or total assets equal to or greater than $30 billion is being reduced to $2 billion and $10 billion, respectively.
https://www.newyorkfed.org/markets/opolicy/operating_policy_220408
translated it means moar of the shit they hold can be brought to the 'desk'
Mortgage backed Securities (MBS)-but we are really gonna stop this we promise
$6.59B submitted vs. $2.07 accepted in two operations-we'll be stopping this soon…/s
https://www.newyorkfed.org/markets/desk-operations/ambs
Securities Lending Operations
$38.1B submitted vs. $38.01B same ole with 10yr CUSIP # 91282CDY4 biggest at $6.19B of that'''
https://www.newyorkfed.org/markets/desk-operations/securities-lending
Treasury complex-see cap#3 10 year still solidly below 3% had a few spikes to 2.9% but not dong much today-a breather for the whole complex today-but it won't last. 30 year made a stab under 3% but right back over. The "muh movement to 'safety'" cause a piece of paper is sooo much safer than an oz/ of Au/Ag. Treasuries were bid across the curve with the short-end outperforming (2Y -10bps, 30Y -4bps). On the week, the belly is leading the drop with 5Y/7Y down 30bps! 10Y yields are now well below 3.00% and today's 30Y auction yielded 2.997%-see below and of course nikka what else did you expect?!
Solid 30Y Auction Stops Through, Concludes Refunding Week On A High Note
https://www.zerohedge.com/markets/solid-30y-auction-stops-through-concludes-refunding-week-high-note
FOREX- USD-Ruble-Yensee cap#4 for ruble . US$ is up +0.54 +0.52% @104.37 just before Europe closed. Ruble is 0.015373 and crossed 0.015 early +0.000392 +2.61% and Muh ¥ is at 128.26 -1.71 -1.31% at the same time strengthening because of this rhetoric. At our close the US$ 104.80 0.96 0.92% Ruble-continuing it's strength (FU too Joe) 0.015444 (trips!) 0.000463 +3.09% and ¥ 128.45 -1.53 -1.18% The dollar extended yesterday's gains, holding up near 20 year highs.
ASEAN+3 finance chiefs warn on rate hike risk to region
https://asia.nikkei.com/Business/Finance/ASEAN-3-finance-chiefs-warn-on-rate-hike-risk-to-region
Appearing to be responsible but they are NOT going to raise rates but this get the pressure off the ¥ and you see the results.
This for some impact on the Ruble-also keep in mind when you have these over 1% days this is the conversion(s) going on to apy for gas. The system thought they were gonna get paid on all those Credit Default Swaps they wrote on teh Ruble- hahahahahaha-picrel #4
>>16261581 pb Switzerland releases some frozen Russian assets
Oil/EnergyWTI finished @ +1.15(+1.09%) Big buy of 8.85 contracts @ 2:28pm est and that got in going again cause it was reeeeally tired and had quite the spike to just over $107 early as OPEC Cuts Global Oil Demand Growth Forecast, again to 3.5% from 3.9% last month….cause that makes so much sense it would rise. It's up so that the traders can exit-that is only reason look at it after….Also on Thursday, the International Energy Agency (IEA) published its monthly report, in which it left its demand forecasts unchanged from last month, expecting 2022 oil demand to rise by 1.8 million bpd on average to 99.4 million bpd. Oil clung to gains today with WTI holding above $106 (well above pre-Putin levels and above Biden's SPR release levels) and that big buy 90 minutes into the clsoe helped that moar than anything else.
Russia Bans Gas Flows to Europe Through Key Yamal Pipeline
https://www.bnnbloomberg.ca/russia-bans-gas-flows-to-europe-through-key-yamal-pipeline-1.1765077
Metals-see cap#5: The early session in Asian trading saw Ag continue it's run to below $20 and was -0.15 -0.70% and on the lows from yesterday it got a smackage below $21 in the London session down to $20.72 and working off thatmake no mistake this is going below $20see here >>16260718 pb Silver #s and moar hit jobs and when they have 3 digits on the 'last price' the paper is being thrown at it , i.e. sold. Au flat to down-THIS Gold/Silver ratio 88.069 +2.216 (+2.58%)https://goldprice.com/gold-silver-ratio/ https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458
Some thangz…
SoftBank's Vision Funds Report Historic $27 Billion Loss-told you some of those big blocks being thrown at it the last month or so were Softbank kek!!!!-confirmed with this
While the unraveling of ARK (and its flagship fund ARKK in particular) have come to epitomize the unraveling of the pandemic-era tech boom, Cathie Wood and company are rank amateurs compared with Masa Son and SoftBank, who have seen their portfolio of rising tech firms hammered by the trifecta of global economic contagion: Rising rates in the US, China's COVID-inspired lockdowns (and before that, Beijing's crackdown on Chinese tech) and the fighting in Ukraine (and the inflationary hellscape that rising oil and food prices have unleashed). We noted back in March that SoftBank's portfolio had seen $25 billion evaporate. Since then, the bleeding has only worsened. To wit, SoftBank's two Vision Funds have posted historic investment losses of ¥3.5 trillion ($27.5 billion) over the 12 months to March 31 as the funds' biggest holdings were pummeled by rising interest rates and Beijing’s crackdown on the tech sector.
https://www.zerohedge.com/markets/softbanks-vision-funds-report-historic-27-billion-loss
Realtor.com Reports Weekly Inventory Up Slightly Year-over-year; First Year-over-year Increase Since 2019
https://www.calculatedriskblog.com/2022/05/realtorcom-reports-weekly-inventory-up.html
>>16261322 pb Russia set to reap largest-ever wheat harvest
https://finance.yahoo.com/quote/%5EIXIC
https://www.marketwatch.com/investing/bond/tmubmusd30y
https://www.marketwatch.com/investing/bond/tmubmusd10y
https://www.marketwatch.com/investing/index/dxy
https://www.marketwatch.com/investing/currency/rubusd
https://www.marketwatch.com/investing/currency/usdjpy
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
https://www.livecharts.co.uk/MarketCharts/ngas.php
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://oilprice.com/Energy/Crude-Oil/OPEC-Cuts-Global-Oil-Demand-Growth-Forecast-Again.html