TyB
marketFag commentary Oct 16th 2023
Mankind’s largest asset bubble continues unabated-you can see that for yourselves. Schwab equity short squeezing hard on ‘earnings’ as markets juiced upwards again. Bond yields also rose which is complimentary to historical trends but rather choppy (when it most certainly was not several times since latest bond value massacre) so that tells me a few things: sovereigns are still selling (and reluctant to buy however Japan bought almost $60B of own debt on Oct 2-no surprise there) as Yield Control from BoJ continues and will NEVER stop. They own roughly 70% of it’s own debt and a higher % of the entire Japanese equity markets. They will never raise rates as why do that if you step into bond and currency markets and have US Debt to use for it. This is called ‘Foreign Currency Reserves’ by fin MSM to obfuscate that it’s our longer/medium term debt issues. This is only current as of July and reflects the current official US Treasury TIC data….it has changed considerably as yields spiked last month. Visual vs table.
Latest data on Foreign Holders of US Debt
https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/
US to sell USD 13bln of 20yr bond on Oct 18th and USD 22bln of 5yr TIPS on Oct 19th; to settle on Oct 31st. Our 10y @4.719. 0.092 roughly. So still elevated and reflects reluctance as yields should have dropped more by now
https://www.marketwatch.com/investing/bond/tmubmusd10y
Gold up big last friday but cooled off in overnight sessions and our cash open. Down about $14
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/live silver.html
Silver backed off $23 by about .77%
Please see ‘Flash Boys’ by Michael Lewis on market structure manipulation (the fuggen bot trading) but please steer clear of his latest book-on SBF a fawning piece of total drivel but part of the PsyOp that overall is pinning it all on SBF (but that book is completely disingenuous as he knew but followed directions) when all he is is the Lee Harvey Oswald of crypto world. Gary Gensler current SEC Chair and Caroline Ellison’s father is responsible for FTX planned failure.
Moar of the FTX PsyOp
Lawyers For Sam Bankman-Fried Petition Judge For More Adderall
https://www.zerohedge.com/markets/lawyers-sam-bankman-fried-petition-judge-more-adderall
Here why Crude dumped last week despite Middle East situation(also continued demand destruction) this is being managed HARD because there is no SPR left (to speak of in size) for an election year release. That is a trick they no longer have and Potato/Hussein wasted it all on mid term elections…. Total PANIC on that as that ‘bought’ Fetterneck as an example.
Oil Bullish Froth Blown Away": Hedge Funds Dumped Near-Record 140 Million Barrels Of Petroleum Last Week
https://www.zerohedge.com/commodities/oil-bullish-froth-blown-away-hedge-funds-dumped-near-record-140-million-barrels
muh Yen news
Bwahahaha!!! See above on Japanese bonds/Yen
Good luck with that!! Once 150 breached to upside it’ll quickly get to 158/9 but BoJ will fight it all the way.
Japan's yen still perceived as safe-haven asset - MOF's Kanda
https://www.msn.com/en-us/money/markets/japans-yen-still-perceived-as-safe-haven-asset-mofs-kanda/ar-AA1ihUsK
Japan retail forex trades hit record $60tn for January-September
https://asia.nikkei.com/Business/Markets/Japan-retail-forex-trades-hit-record-60tn-for-January-September
Muh Yen in a holding pattern waiting for further devaluation. Japanese debt to GDP is about 285% compared to ours at officially 130%. Neither are true as muh yen carry trade is what kept our economy afloat prior to and after 2008. The BoJ enacted ZIRP shortly after printing trillions of Yen after Fukushima Zionist operation and will never stop it. Can’t at that debt to GDP levels.
USD/JPY stands neutral above 149.50, markets await Retail Sales figures from the US
https://www.fxstreet.com/news/usd-jpy-stands-neutral-above-14950-markets-await-retail-sales-figures-from-the-us-202310161806
Props to those that bought Thursday when the markets had the classic ‘painting the tape’ moment it does often and held through BS Bank earnings AND weekend to be rewarded with todays ramp. It’s only about 10 stocks doing the lifting so use the ETFs that have those in them as they are liquid….but don’t marry it…trade it and take your profits often. That’s how it’s done successfully-made muh living for 3 decades doing just that. Fed ain’t raising rates unless yields come down as effectively it’s been done for them and really how much would 25bp or even 100 at this point make when inflation (real) is where?
Thank you for your time
MktFag
(1)
>has no idea was puppet from start
Hess basically wrote Mein Kampf and was his “suggestion” that it be called that
They all knew war was lost by early 1943 so hitler became superfluous
Sloppy
The flying antenna farm!
Long ago
It’s all broken fren
Can’t have bank runs like indysmack if no locations open
All economic data with some exceptions of home prices is worse than height of 2008
Moral hazard never went away. It just became everyone’s business model