TyB
marketFag: Stocks Soar, Yields Tumble After Ackman Says He Closed His Bond Short
(MktFag comments)
(so he did the opposite most likely because PsyOps also alive and well in financial arenas and he likely knows MASSIVE QE is on the horizon as rates need to come down starting Q1/2 next year to make everything appear “ok”….the one problem (((they))) have is oil but demand destruction continues to keep it capped since it didn’t spike over $100 on FF in Israel.)
(Bill ‘the cat’ ‘Ack’man isn’t wrong about slowing economy though)
Back at the start of August, when 10Y TSYs were trading just around 4.00%, Bill Ackman sparked a modest selloff in rates when, without telling the world something it didn't already know, he tweeted he was shorting 30Y due to "higher levels of long-term inflation including de-globalization, higher defense costs, the energy transition, growing entitlements, and the greater bargaining power of workers" the bond market could "reprice the long end of the curve in a matter of weeks, and this seems like one of those times." Just under three months later, the predicted repricing has indeed taken place - largely thanks to an out of control fiscal situation which has seen the US add $600 billion in new debt in the past month - and moments ago Ackman said that he was closing his bond short as "there is too much risk in the world to remain short bonds at current long-term rates"… and in a slap to the face of Biden's Department of goalseeking strong data which is then revised much lower one month later, the billionaire hedge fund manager said that "The economy is slowing faster than recent data suggests."The market reaction was instantaneous, with 10Y yields - after earlier breaching 5.00% for the first time since 2007 - certifying that they now trade as pennystocks, and tumbling more than 7bps on Ackman's tweet alone, down to 4.91%.
https://www.zerohedge.com/markets/yields-tumble-after-ackman-says-he-closed-his-bond-short
(Kek….you heard THAT “bonds trading like penny stocks” here FIRST and Venezuela (supply and its mostly for diesel) is a fuggen mouse fart)
(You’ve seen generational and /or yearly moves in bonds starting in the monthly range then weekly and on to daily…. Now it’s down to daily and minutes and a twat from a controlled POS shouldn’t have this affect but since dedollarization is well under way-since VP began in 2012-13-they trot out the latest hack to cool off the inversion curve….it won’t last)
(muh Yen still ain’t budging and touched 150 again and the SP500 touched its technical retracement level and quickly reversed but the others not quite as strong. Overall a typical stick save and boring market but don’t short a boring market as Hedge Funds are still short LARGE so they will use that crowded trade with some bullshit flowery headline….like today)
https://www.marketwatch.com/investing/currency/usdjpy
(Earlier headline and of course they “feex’t” this quickly)
Dow Jones falls nearly 200 points as 10-year yield briefly tops 5%
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Stock-market investors face reality of 5% Treasury yields. Here’s what’s next.
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U.S. 10-year briefly tops 5% for first time in 16 years
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Fed says bond market’s term premium is the reason behind rise in Treasury yields
https://www.marketwatch.com/story/u-s-stock-futures-fall-as-10-year-treasury-yield-hits-5-c576c30a
>>19786907 Chevron announces agreement to acquire Hess
Morning
All copacetic w you (or as much as it can be)?
Don’t ask…..difficulties and don’t wish to share
SPAR15 departing Cairo just after sunset Mimsy,Cardin,Coons and crew
Arrived from Cyprus depart earlier. Yesterday arrived at Cairo from Tel Aviv and then on to Cyprus
Graham, Cardin Lead 10% of US Senate to Israel to Show their Fervent Support
https://www.jewishpress.com/news/us-news/graham-cardin-lead-10-of-us-senate-to-israel-to-show-their-fervent-support/2023/10/23/
==BACON02 E11A GLEX south and heading to MacDill (CENTCOM) from Robbins AFB
Battlefield Airborne Communications Node (BACN)
The complete picture to the warfighter, 24/7
Northrop Grumman’s Battlefield Airborne Communications Node (BACN) combined with the E-11A modified Bombardier BD700 business jet, enable a high-altitude, airborne communications gateway that translates and distributes imagery, voice and tactical data from disparate elements — enhancing situational awareness and enabling seamless interoperability for joint and coalition forces operating across air, space, land and sea.
https://www.northropgrumman.com/what-we-do/air/battlefield-airborne-communications-node-bacn
P8 Poseidon done off NW Florida in the Gulf of Mexico and back to NAS JAX
N757AF 757 on descent from PBI depart
>>19787191
Should be on ground at Manchester Boston Airport soon
It’s a private corporation owned by the TBTF banks so good luck
In other werds sure you can sue anyone for anything but ain’t gettin nowhere with that
No one ever has
They are busy detonating themselves…..be patient
Watch the Yen and US debt sales
o7
BTW the blackout period for Corporate Share Buybacks ended today so add THAT to the berry large short interest in hedge land.
You shouldn’t be surprised they trotted out bill the cat today after fridays action
Because you are afuggen retard
Consult spam policy an FO
Check notables phaggit