Mkt Fag: Welcome to Fantasy Island where no one is home and we already left 4 hours ago-edition
And 45 minutes to the close all the indices make new HOD……of course cause it's all good we are not being forced to drive it higher. Inflation has peaked for the 25th time and we are not sucking on the NYFRB teet for over $2T a night because we are forced to.
Deep discount retailers are still strong and Dollar Tree is having a taking profit phase (smart peeps doing that) but Ulta is up over 8% on it's 'earnings' and a slew of upgrades that say "all clear there will be no recession". And while they do that they sell it from the other hand to (You). And of course on a friday starting a long holiday weekend they are going to snap the 8 week losing streak-simply because they can (cough, $2t reasons a night to be able to do that at will) Also Europe and UK up for third day in a row. >>>/qrb/136203 Delinquencies, Foreclosures and REO and this is a train 'a comin' towards the end of the year make no mistake
>>>/qrb/136190 Zombie bank news: Credit Suisse downgrades Shitibank and without that reverse split in 2009 it is still a $5 equity and if you had it since then you are still suggen ass on it.
Pretty good coming from CS with newly installed BoD member Blythe Masters (the inventor of the Credit Default Swap)-btw how are all those doing that yer former boss Jamie wrote against the Ruble now…..
So there is only one moar day left in the month and that is Tuesday and since this is a short day (bond-wise) dis is over. It will stay here and not change much at all. They don't want three days to talk about shitty markets because that may lead to the discussions of how they are able to stay where they are at (NYFRB $2T.nightly) and don't want that.
Decent read here if you don't already see what they are really up to
The Real Dual Mandate (of the FRB)
https://mises.org/power-market/real-dual-mandate
>>>/qrb/136171 SEC Sent Query to Musk Last Month Over His Major Twitter Stake
They are all over this because they want to be 'seen' doing something however how come you or the FTC din't give a shit about any this when everyone knew it was a 'bot infested shit hole?- Now you wanna single him out for missing a deadline by a few days?
Does not appear to have been made within the required 10 days from the date of acquisition as required-however….I've seen purchases/sales made by many companies (Execs and 10% owners) that are filed up to 6 months after they occur many examples of that but let's jerk EM around-he no angel and has broken SEC laws about his "taking TSLA private at $420/sh" without filing a thing on it just a twat about it and that is why he got his twatter ban. But Nancy and co-horts can (legally) buy calls/puts via Paul Pelosi on confirmed insider information and that is ok-it's legal but…
in take over the world news
>>>/qrb/136194 Carlyle Seeks $8.5 Billion for Its Biggest Asian Buyout Fund + Iron Triangle: Inside the Secret World of Carlyle Group .pdf
Trading Halts
MRTX halted limit down 2x so far on this >>>/qrb/136184, >>>/qrb/136188 Mirati extends losses after KRAS inhibitor data
https://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts
"Most Shorted" stocks are up 12% off Tuesday's lows, seemingly stalling at key resistance for now…Here is the Short Interest defined as the companies with the largest proportions of outstanding shares currently sold short. https://www.marketwatch.com/tools/screener/short-interest
Top winner/loser Dow, NAS, SP500, NASDAQ 100-focus on NAS because it is by FAR the most bloated of all
Top winner/losers-DOW https://markets.businessinsider.com/index/market-movers/dow_jones
Top winner/losers-NAS 100 https://markets.businessinsider.com/index/market-movers/nasdaq_100
Top winner/losers- SP500 https://markets.businessinsider.com/index/market-movers/s&p_500
See Cap#5 for a most boring day (for a change) in Commodities-
Treasury complexSee Cap #3 All quiet here across the entire curve-they already folded (no Kenny's chicken for you!) on Weds and the bulk of the Securities lending is still the 2year note-see that description in that portion on the NYFRB Operations post connected here
FOREX-US$, Ruble, Yen, Pound, EUROSee Cap#4 Ruble still has the Central bank rate cuts working on it and until the next round of currency conversions (for gas payments this will trend down to sideways-but as mentioned yesterday it's 52 week range is: 0.006317 - 0.018018 so as VP said in Russian the other day here: >>>/qrb/135931 pn cap #4 "it's no problem", US $ is doing nuffin and muh Yen has given back it's strength from last night >>>/qrb/136121 pb to be back where it was before that strength Ruble closed at 0.015094 -0.000368 -2.38%
Metals'''Nuffin-for a change, COMEX #s went down again (by about 3k) so that floor at $21.50 is pretty solid-see the what the next week brings as the June delivery month is pretty active.
Oil/EnergyWTI closed +0.58(+0.51%) Natty Gas tried a stab at $8.80 and nuffin dhere so for once a pretty boring day.
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