Mkt Fag: FOMC minutes released-baiting shorts (look at the dip right after the FOMC release) then nope you got suckered-COVER into the close-edition
"Risks to inflation were skewed to the upside"; 50bp increases likely appropriate at next couple of meetings. In their discussion of risks to the outlook, participants emphasized that they were highly attentive to inflation risks and would continue to monitor closely inflation developments and inflation expectations. They agreed that risks to inflation were skewed to the upside-wow you guys are FUGGEN GENIUSES…Several participants who commented on issues related to financial stability noted that the tightening of monetary policy could interact with vulnerabilities related to the liquidity of markets for Treasury securities and to the private sector's intermediation capacity-so admitting that they are gong to continue shoving almost $2T every night to "keep in functioning".
And the usual shit about "muh Russia and Ukraine" providing readily accessible excuses for anything and everything that they have fugged up over many decades-NEWSFLASH we din't need 'Rona or Muh Russia as all this shit was going to habben one way or another. and the total $$$ quote all participants concurred that the U.S. economy was very strong.They further anticipated that ongoing increases in the target range for the federal funds rate would be warranted to achieve the Committee's objectives-just what those really are should be obvious to all with what they have to do every night via the NYFRB Operations.Participants also agreed that it was appropriate to start reducing the size of the Federal Reserve's balance sheet on June 1, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that would be issued in conjunction with the post meeting and to whom are you going to sell the non-maturing ones to again.
So to summarize with this FOMC bullshit they have priced in rate declines as early as next year so three more 50bps hike and then the Fed pauses… indefinitely. See here in February when they ALL knew this >>>/qrb/126758 FOMC Minutes: "Faster" is the Word
Some late-day weakness/profit-taking hit the market, but all the majors ended green with Small Caps led the day along with NasdaqRUT+36.86(+2.09%)
>>>/qrb/135872 pb US Durable Goods Orders Disappoint In April May's serial disappointment in US Macro data is the worst since Lehman-see cap#3 of post #2 NYFRB Operations
>Futs were down but not much…the Chicago NYFRB will feex that soon though and did >>>/qrb/135874 pb >>>/qrb/135768 pb New Home Sales Decrease Sharply to 591,000 Annual Rate in April
>>>/qrb/135898 Nasdaq, NYSE Dealt Blow in Clash With SEC Over Market-Data Feeds
"Gary" lookin' like he is doing something here but doesn't address the overall issue of fake orders (i.e. Spoofing)
In muh hand off our 'fake' liabilities to (you) news-because this is the next step by handing off XRP to retail and Georgia is looking like it's about to go full retard with it at the same time
>>>/qrb/135886, >>>/qrb/135899 Ripple considering IPO after SEC suit wraps up + original Ripple Investor Matthew Mellons' 'death'
Trading Halts
Enochian Biosciences, Inc. (ENOB) halted 6x for this Enochian Biosciences plunges after co-founder arrested in alleged murder-for-hire plot, short call from Hindenburg https://seekingalpha.com/news/3842788-enochian-biosciences-plunges-after-new-short-call-from-hindenburg-research
Great look for that one…./s'
And Kohl's got a halt on 'potential' buyout offers but no new filings and an obvious attempt to drive the price back up towards the original offer from January-the bidders are Sycamore Partners, Franchise Group, Simon Property Group and Brookfield Asset Management (the mall REITs that took over JCPenney), and Acacia Research, which had offered $64/share for Kohl's back in January, though that offer was rejected. So how fuggen dumb would that have been -even with today it's still barely a $40 stock 40.49+4.31 (+11.91%) https://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
Netflix used to be famous for this..always pushing out rumors that either Amazon or Apple was going to buy them.
Most Shorted" stocks were squeezed perfectly up to unchanged for the week, and from yesterday's opening puke
Here is the Short Interest defined as the companies with the largest proportions of outstanding shares currently sold short. https://www.marketwatch.com/tools/screener/short-interest
Top winner/losersDow, NAS, SP500, NASDAQ 100-focus on NAS because it is by FAR the most bloated of all
Top winner/losers-DOW https://markets.businessinsider.com/index/market-movers/dow_jones
Top winner/losers-NAS 100 https://markets.businessinsider.com/index/market-movers/nasdaq_100
Top winner/losers- SP500 https://markets.businessinsider.com/index/market-movers/s&p_500
Treasury complexSee Cap #3 . 10 year doing nuffin after the whole complex bought hard yesterday. 2yr same after that "auction" yesterday. Treasuries were lower in yield across the curve today but only very modestly, led by the belly (5Y -2.5bps) which again supports the early Fed fold thesis. A 50bps hike is a done deal for June, but odds are fading modestly for July and tumbling for September.Because they trotted out non-voting member Bostic yesterday to "question" it all to give them the cover to only do 50bpsee cap #4 here >>>/qrb/135804 pb and then this >>>/qrb/135832 pb Here’s How the Fed Might Adopt Bostic’s Rate Pause in September
FOREX-US$, Ruble, Yen, Pound, EUROSee Cap#4 Ruble-after almost 5% rise yesterday this was bound to cool off 0.01657 -0.000671 -3.89% but it remains on it's upward trajectory because of VP's floor-you have to convert if you want Gas-din't think about that did u E.U.?…kek. Punked you all HARDCORE and you habs to keep going back. If you fug with Hungary you are fuggen wif VP basically because they purchase an ass-ton of Ural Crude and are set up to process that hard. US $ is up obviously because of let's continue to throw money everywhere ($2T a night doesn't help-BLOWS IT UP TO THE UPSIDE-BRING IT ON!!!) 102.32+0.46 0.45%. Pound doing nuffin . Muh ¥ 127.49 +0.66 +0.52% has devalued a little today and those currency interventions are 'a coming-that on the 18th was just a 'test of the Emergency Oh Fuq system''-they have no other choice cause Janet said no to Kuroda at the BOJ it doesn't mean "Jerry and the NYFRB bois said no". I've said that was coming for months but they will trickle it out-the small one was the warning. The dollar managed gains today after 3 straight down.
MetalsThat nice bump yesterday….gone and the COMEX #s from yesterday are available here >>>/qrb/135914 and down over 1% while Au is also down over 1% -21.60 -1.16%-so this will keep the GSR pretty static $84.468 +0.074 (+0.09%) at the same time as the post of COMEX #s Gold was spanked back to Monday's lows early
Oil/EnergyWTI held it's gains after the API data-Oil prices are higher overnight following API's report of a small crude build and large gasoline draw and the ongoing geo-economic push-pull. But we habs a problem with Gasoline stocks (at lowest) see here >>>/qrb/135903 Oil managed modest gains today, reversing a drop after DOE data showed a modest drop in gasoline demand and a distillate stock build. Natty Gas up and over $9/BTU and up 30% just in May alone see >>>/qrb/135908 US NatGas round tripped on the day top end marginally higher after soaring above $9 for the first time since 2008. Notably, US NatGas (front month futs) has converged in price (on an oil barrel equivalent basis) with EU NatGas (day-ahead)
Cap#5 gives you Energy and Metals pricing
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