Mkt Fag: Slow rollin' boil of what do we do with all this shit (but send it up cause why not?) and a little history/perspective-edition
RUT is by far the best performer of the day-gotta show that all those small business are 'recovering' right? +55.36(+3.10%) SP500 closed +80.92(+2.02%) =23
Fed heads all saying same shit today: Bullard (St. Louis) and Kashkari (Minneapolis-and thought he wuz gonna be CA's Governor too), Powell (FRB chair)-but totally NOTHING NEW as usual. Equities dropped whne Jerry spoke but came right back-fuscia line in cap#2. See walmart below for the DOW…kek So they keep pushing for a soft-landing and think they can do it with about 4 Quadrillion of 'assets' WW and sorry but if they get a 'soft'landing it keeps this shitty over-leveraged system in place and none of us want that. So that is why they are trying to say they can (but have already failed) as what else do you expect from the very people and private institutions that caused this entire mess would say.
Some data: Retail sales increase 0.9% (Excluding gasoline, retail sales rose 1.3%.) in April, March retail sales gain raised to 1.4% from 0.5%, Core retail sales up 1.0%; March gain revised up to 1.1%, Manufacturing production increases 0.8% in April. Excluding automobiles, gasoline, building materials and food services, retail sales increased 1.0% in April. Mebby you wanna take that into context with the Consumer Credit #s? Bueller?? nahh why bother but here it is for posterity: Aggregate credit and debit card spending increased 13% on a year-on-year basis in April. The only reason this is NOT a disaster is the loading up of credit cars-that is finite and will 'bite' soon. Also the student defaults are in process of being removed from everyone's credit thus freeing up 'space' and not having a negative impact.
These indices, at this level, is all relative of course as you must consider where they 'are' and how they got there. For context the 'crash' of 1987 (Black Monday-Oct 20th had the DOW lose 22.6% or 508 points as it had peaked at 2705 in August rising 44% from January-totally organic that-(this is right around when I started too-so really quick 'education'-bought a bunch during a few days after that and the weeks proceeding and sat on it) This is when the ESF (Exchange Stabilization Fund) was re-jggered from it's original form of a currency 'stabilizer' as that was created in 1934 and part of the Gold Reserve Act into what we have now.
America's Darkest Secret: The Exchange Stabilization Fund https://steemit.com/informationwar/@richq11/america-s-darkest-secret-the-exchange-stabilization-fund
That was thanks to Alan Greenspan as he had only been in the job of FRB Chair for a few months and went on the serve 5 terms (started in August 1987-just as the markets peaked…no coincidence there) So when I make reference to the 'up' button pushed it is mostly that and then everyone piles on. The lack of book depth makes it all so easy to trigger any movement see yesterdays cap#3 for the $2.4m it "takes" to move the SP500 1 tick >>16286692 pb Just a flinch is all it take
Couldn't help themselves as the morning pop sold off and all this is just noise at this point. And magically they (indices) all turned upwards on the nose at 10:44am est or just 46 minutes prior to Europes close. RUT is the best performer barely above the NAS at +35.37(+1.98%) just after European close and improved steadily after the 'up' button pushed. One big block on the NAS @ 11:08am est for 1.64B reported as sale.
>>16292802 lb World’s Richest Family Loses $17 Billion in Walmart Wipeout
WMT closed @131.39-16.82 (-11.35%) on 43,877,489/sh when it's daily is 7,824,320-not done here by a long shot
Trading Halts-same shit different day..yesterdays removed so all you see on this list is the ones from today-and those will be gone by tomorrow: Limit up halts: VOYA 63.77+1.46 (+2.34%), Voya Financial and Allianz Global Investors announce plans to enter long-term strategic partnership, 4 halts on this already-OKYO Pharma with an IPO of ADSs 4.4110+0.4110 (+10.2750%). This nest one does absolutely nuffin when open (avg volume) LXEH Lixiang Education Holding Co., Ltd but halted nonetheless 3.5000-0.6800 (-16.27%) New IPO VEDU Limit up halt 25.20+21.20 (+530.00%) like said yesterday look a them now because they will be gone by tomorrow if not later this evening. 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
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 Overnight session saw 10 yr at 2.915% +0.035 and 30 yr @3.13 +0.05 and out Futures positive so naturally Yields will rise slightly and that means the entire curve flattens at the same time. Despite a notable surge today, 10Y Yields remain below 3.00% as it was the short-end of the curve that under-performed (3Y +14bps, 30Y +6bps). The yield curve notably flattened today amid all the FedSpeak-see above, signaling fears of a policy error coming back (3s30s was down 10bps from its intraday highs)
=Oil/EnergySee cap #5 for Wholesale Gasoline WTI started it's march upwards for the coming Aramco IPO disgorgement-up over $115 and dropped a bit with some big volume coming in at 2:15pm est and the clsoed it at -2.19(-1.92%). Natty Gas (Henry Hub) got to about $8.4x then backed off. June delivery is at a 7 week high on muh russia bans. We'll get the inventories later on and that will move it as it's 'expected' to show a raise in crude stocks but decline in inventories of distillates and moar importantly gasoline.
>>16292617 US tells Europe to give more money to Ukraine
Compressed Natural Gas Market to Witness an Outstanding Growth by 2021-2031 Derp level news but some may not know
https://www.digitaljournal.com/pr/compressed-natural-gas-market-to-witness-an-outstanding-growth-by-2021-2031#ixzz7TY9NZtlK
>>16290666, >>16290758 pb Cutting Off Russian Gas Would Be "Catastrophic", German Industry President Warns
FOREX-US$, Ruble, Yen, Poundsee cap #4 for Pound and quite a jump for it today 1.24790 +0158 1.28%-it's 5 day performance is +1.38% with all but 0.04% coming today US$ extended it's slide downwards from it's 20 year highs-but this is temporary and they have to 'cool' this all off. US $ at 103.35-0.84 -0.81% towards out close and back to pre-FOMC levels. Ruble also down at same time 0.015267-0.000207 -1.34% -there is not many conversions for gas payments going on here today. Muh ¥ 129.72+2658 0.20% going the other way and gathering steam for it's inevitable push back above and beyond 130. These have stayed pretty much the same all day with the Yen backing of slightly and Pound increasing slightly.
Re: Ruble-this is from earlier as it has backed off today but some the money data is this "Central bank data revealed Russia's current account surplus has more than tripled from January to April to $95.8 billion, boosted by higher proceeds from imports and a drop in imports."
https://www.express.co.uk/finance/city/1611494/eu-putin-gas-row-russian-ruble-5-year-high
Metals: Mondays #s on the COMEX (reported last night) for Ag245,935,000/ozs traded at let's call it $21.50/oz gives you $5.28B 'worth'-lower than Fridays's reported #s. These have steadily dropped and they are waiting for the next 'slam' to take it below $20 because the volume are low and everyone 'watchin'. Early Asian trading saw Ag -0.05 -0.25% and Au flat and haz backed off of that in our early session +0.07 +0.30% Au 'closed' slightly higher on the futures 'print' but spot has it at -6.80 -0.37% an hour after that. Ag also closed slightly higher on Futures print and both habben @ 1:30pm est ut Ag also down same an hour after taht print -0.04 -0.19%. The Gold/Silver ratio stands here now 84.018 −0.330 (−0.39%) so not much change at all but still a gift. https://goldprice.com/gold-silver-ratio/
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