Anonymous ID: be15ad Oct. 29, 2018, 6:58 a.m. No.3650584   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>3650555

https://www.zerohedge.com/news/2018-10-29/nomura-beware-halloweens-massive-fed-liquidity-withdrawal

 

ex

Last Friday, when surveying the carnage in capital markets, Nomura's cross-asset chief Charlie McElligott observed that "Next Week Is Make Or Break For Stocks" and so far it's been so good, with European and US stocks defying yet another swoon in China, which was driven by the latest drop in Industrial Profits suggesting more "slowdown" pressure, as well as the PBoC skipping reverse repo operations Monday, draining 120B Yuan netโ€”the largest liquidity withdrawal since August and reversing some of the large 460B Yuan injection last week, while the Onshore Yuan is heading towards its weakest level in more than a decade, while offshore too sees speculative flows again pressing near 6.97.

 

Meanwhile, as noted earlier, European stocks lept higher on 1) news that Merkel looks to remain โ€œonโ€ as German Chancellor despite stepping-down as CDU leadership after disastrous election result, while specifically within the Cyclical / High Beta Equities universe, 2) tax-cut headlines from Chinese regulators (this time a 50% cut on new car purchase tax) shows they are continuing to tinker with stimulus, driving the massively China-levered and very-cyclical European Autos sector +5.0% at peak delirium/illiquidity.

 

However, as McElligott notes, the most relevant drivers for this week's performance will be in the liquidity space, where "bullish flows" will need to override the risk-negative โ€œQTโ€ liquidity impulse of this weekโ€™s largest Fed SOMA run-off YTD (with another coming Nov 21st).

 

On the bullish flow side, over the weekend we noted that the much-anticipated surge in buybacks is finally coming, as companies with $50bn of quarterly buybacks were off their blackout periods, and the number jumps to $110bn by the end of next week and to $145bn the following.

 

Beware on Halloween!!!

 

What a set-up!!!!

Anonymous ID: be15ad Oct. 29, 2018, 7:01 a.m. No.3650603   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>3650571

The move is to protect the citizens from the over-leveraged bloated system that has trapped what is left of savings/retirement/pensions or at least an equal amount (in some way).

How they do that is Way above my pay grade.

Go to the other resource in the catalog.

Lots of discussion about that topic.

Anonymous ID: be15ad Oct. 29, 2018, 7:40 a.m. No.3650915   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0928

These puff pieces come out as they prop the market to let the big boys out. Don't fall for it.

 

https://finance.yahoo.com/m/74c9d736-b797-3bfa-bb56-0b7668fca86d/one-fang-stock-is-bottoming.html

 

https://finance.yahoo.com/m/909c73d4-e886-3be3-84d0-5c7fa3a1050b/stocks-could-rally-20%25-after.html