Mkt Fag: OMG we're all gonna die because a fat-bloated market dropped a few % points..but Janet arrived with some love late-edition
And again the early headlines "brutal sell-off, OMG it's all coming apart"…really!! There is a reason they do $2T+ every fuggen night so it doesn't become brutal. In the last 45 minutes they PANIC-BOUGHT IT HARD-see black line Cap#2 They are trapped and none of these 'writers' have ever seen capitulation-the HFT 'bots make sure this is all very naturally functioning-see Below-Jerry thinks so.
US Macro "Surprise" OMG we're all 'SURPRISED' this data (fake as it is) is such a fuggen revelation to you stoopid ijits who don't shop or pay attention. Data slumped for the 5th straight week. And why do we focus on teh NAS…..cause it's the most bloated-shedding 5% for the week. In the last 8 weeks, following that late March melt-up, The Dow is down 13% and Nasdaq -25%
Some shit going on: Big Op Ex expiration today so the whole thing was off the charts volume wise-but still well below avgs and some of the last 45 minutes was the OP Ex close out but not all of THAT. Our Futures were up overnight (surprise!) THIS is the Chicago NYFRB 'trading office' doing it's normal thing by opening it up positive so the hedgies and banks can resume SLOWLY peeling off the shit-pile of leverage they have accumulated. Then the headlines come out with "Stocks pare gains"…lather, rinse, repeat. See below for article on Stock paterns of the morning in Some thangz-plus 'Jerry thinks our markets are functioning normally. You all should remember Ben Bernancke saying Sub-Prime Loans and Inflation were contained too. And since they had two stabs at bear market territory that J-J-Janet repelled.
See here from yesterday >>>/qrb/135241 lb >The SP500 had two stabs at "bear market" territory and were magically repelled-but still under 4k Exactly what I said earlier…on the third attempt it drops through it and now 'Officially in Bear Market territory' because if that wasn't successful it would have gone the other way as they had no other choice and right at 12:10pmest it made it through but some help 'arrived' and kept it sideways. But at 1:28pm est it (meaning ALL OF IT) 'found' a bottom at the SAME EXACT TIME-C'mon man make it believable and spread it out over a few minutes. B-B-B that got sold and back to where it started-then the aforementioned PANIC at the close. In all this whipsaw shit the Commodity 'splosion in still on-going in everything except Ag…gee how ya gonna do all the Green Energy Bullshit w/o Silver now?? The Commodity index was up 17% last year but this year is 27% higher than that -but please tell us inflation is transitory-at least they have backed off on that but the tired "oh we missed that"is used in it's place -they knew/know-see here >>>/qrb/135352
They'll trot out the "it will improve in the second half of NEXT year" again soon when the realize taht everyone is on to this game of bullshit rhetoric.
THIS
Russia Halts Natural Gas Shipments to Finland
Finland’s state-owned energy company Gasum said Friday that Russia would soon cut off the country’s main source of natural gas supplies, forcing it to find alternatives. Russia’s Gazprom PJSC informed the company that it would stop delivering natural gas supplies to Finland beginning Saturday (May 21). Gazprom said it was halting exports to the country for its failure to comply with a process to pay for natural gas deliveries in rubles. Gazprom said Friday that it had not received payment for April deliveries and would not export any gas to the country until it complies with the Kremlin’s decree for ruble payments. Gasum said it would not cooperate with the requirement because it violates its long-term supply contract with Russia and announced earlier in the week it was taking Gazprom to arbitration over the matter.
https://www.naturalgasintel.com/russia-halts-natural-gas-shipments-to-finland-for-failure-to-pay-with-rubles/
Germany and Italy approved Russian gas payments after nod from Brussels
https://www.reuters.com/markets/europe/germany-italy-approved-russian-gas-payments-after-nod-brussels-sources-2022-05-20/
TSLAwe are nearing that threshold of his collateral becoming an issue with today's drop-I don't have exact figures but somewhere around $600 or mebby a bit lower say $580 or so is where that comes into play again. at 1:42pm est it was at 643.84-65.58 (-9.24%) and a dump of about 3.6x bigger loss %-wise than the NAS on well over avg volume-this also has the financial cancer ARKK news working on it too so they are gonna make this an issue soon -cap this nigga. TSLA finished at 663.90-45.52 (-6.42%) so no help for it.
S&P 500 enters bear market, -20% from recent high
https://twitter.com/disclosetv/status/1527685726632038401
see this from February
>>>/qrb/124181, >>>/qrb/124182 The New York Fed Has Quietly Staffed Up a Second Trading Floor Near the S&P 500 Futures Market in Chicago
and this from March
>>>/qrb/131956 Without Registering as Stock Exchanges, Citadel Securities and Virtu Financial Account for More Stock Trading than the New York Stock Exchange
>>>/qrb/131818 pb Barclays Reveals $600 Million Mystery Loss On VXX-Linked Notes, Delays Buyback, Shares Tumble
Walking, talking financial CANCER Cathie Wood has now replaced TSLA in her "top" % for that ARKK BS with ROKU-It owns 1.59 million shares of TSLA, down from 5.79 million a year prior. You might wanna look at the CEO/BoD Chair share sales before you do that though-a steady seller of 80k shares 2x a month since late 2019 https://finviz.com/insidertrading.ashx?oc=1716837&tc=7
See >>>/qrb/135320 Tesla Loses Top Spot In Cathie Wood's ARKK ETF To Roku
In another "poof" that was fixed again. Europe 600 erased the week’s losses…
Trading HaltsSSDD the only one that is still listed in our morning session is MIME-the rest are gone. Limit Up halts: 5 halts early on LEJU Leju Holdings Limited 4.0210+0.8590 (+27.1663%): e-commerce and online media platform for real estate and home furnishing industries and it is connected to SINA Corporation (SINA) Eve Holding, Inc. (EVEX) 10.64+2.29 (+27.42%) engages in the development of urban air mobility solutions as well as an air traffic management-it is listed as a Tobacco company…..:I. Another halt and a mining ETF halted limit down-and btw if you think these (ALL OF THEM) will not be nationalized at the end this whole she-banga-bang yer fuggen insane-good luck AMC-kek VanEck Digital Assets Mining ETF 18.74-0.67 (-3.46%) Buyer beware as all the halts from yesterday, day before and everything going back to April 4th are missing again today so look before they scrub them. 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- early on The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank
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 Slow drip down but nuffin really-Joe in South Korea so can't hab any major issues w/ out debt while he is on Japan, SoKo and China's doorstep now can he? Summary: Treasuries were notably bid this week, led by the longer-end (well when you fuckers at the NYFRB pushed out $4.6B of the 30 year yesterday what do you expect DERP!!!!. As the curve flattened significantly. 10Y yields tagged 3.00% during the week and then puked back lower, to their lowest close in a month.
FOREX-US$, Ruble, Yen, Pound, EUROUS $ up in overnight session 103.02.01 +0.30 0.20%, Rubel was flat @ 0.016097, Pound dropped correspondingly with the $s rise @ 1.2446 -0.003 -0.24% Euro same as pound 1.0565 -0.002 -0.19% all at 1:02pm JST.
In our session the Rubel was at 0.016227 +0.000131 +0.81%, Pound same as last night, Muh ¥ same-but the NYFRB is testing yen buying-see next panel of NYFRB Operations and how convenient right when no callsign Joe is in Korea and heading to Japan next. Euro 1.0549-0.0037-0.35%. The dollar suffered its first weekly drop in 8 weeks and the biggest weekly drop since the election in Nov 2020 it closed 103.07 +0.35 0.34%
>>./qrb/135322 Ruble Hits 7-Year High As Gas Buyers Bow To Putin's Payment Mandate see above about Finland who is in a heap of shit trying to be the holdout
Draghi copped to this on 0513 exactly one week ago so that opened the flood gates and since the Hungarians are NOT onboard with this the Polish can just tag along but say different things in public (55% of it's supply comes from Russia) so how long do you think they can go without?..not long. If they stop importing you are gonna see some VERY pissed polish citizens and the only thing that keeps this under wraps for now is that it's summer.
MetalsAu/Ag in Asian sessions dindu nuffin-there somewhat of a floor in Ag because although Private Advisors-see yesterdays report- sold $1.2B they are still in it for $63m @ $21.5–one of the reasons you din't see it drop below that for very long. Yesterday's COMEX contracts rose a little to 44,604 and at 5k/ozs per contract that gives you a total of 223,020,000/ozs taking the input price of $4.872B for May 19th. FUCKIN' ROCKET SCIENCE!!!!! >>>/qrb/135359 The Gold/Silver ratio stands here now at the print price $84.787(+0.784 (+0.93%) and gained back what it lost almost exactly. Au closed at +3.30 +0.18% Ag -0.17 -0.78%''' That is because they droped Ag and did nuffiin to Au. Still a gift-will let you know over the weekend from the local and what he has to say
=Oil/EnergyAsian session of WTI saw it at just under $109-better hurry up Aramco..tick, tock and basically just waffled around doing nuffin for a slow rise from last night and closed @ +0.49(+0.44%) Natty Gas headed lower as inventories are replenished-back to $8 and just under it for a while . WTI notched its fourth straight week of gains. The EU is hoping to clinch a deal on a proposed ban of Russian crude imports which includes carve-outs for member states most dependent on Russian oil, such as Hungary-who as already mentioned is NOT on board-see above. U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row. Auto club AAA said national average regular unleaded gasoline prices hit a record $4.59 per gallon on Friday. In smart MFers news: In India, crude oil imports in April were the highest in 3-1/2 years as the world's third biggest oil importer and consumer ramped up discounted Russian oil purchases to fuel demand recovery and fight high prices.
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