Anonymous ID: d26ca5 Jan. 28, 2019, 8:23 a.m. No.4939285   🗄️.is 🔗kun

January 30 Marks The Peak Risk For A Violent S&P Selloff

 

The month-long rally - which just happened to coincide with the period when the US government was shut down - died with a thud today, when first China reported another month of declining industrial profits, but the real hit came when economic "bellwether" CAT posted its biggest earnings miss in 10 years…

 

… and slashed guidance sending the stock tumbling pre-open, and once again crystalizing "peak earnings" and global growth concerns, while chip leader NVDA shockingly cut its revenue for the second time, this time placing the blame squarely on China, and sending its stock plunging by double digits.

 

Which brings us back to the warning from Nomura's Charlie McElligott, who last Thursday laid out various key reasons why he expects a spike in volatility and a sharp drop in equities over the week.

 

So a few days later, has Charlie changed his tune?

 

Well, as he admits, and as we reported over the weekend, a number of conversations the Nomura strategist held with clients last week "indicated a sentiment transition back into a “don't fight the central bank liquidity reversal” stance, with some real-money CIOs and PMs noting that they “have to” re-deploy cash into risk-assets on the medium-term, due to the change of footing from the Fed along with the PBoC escalation and despite the “end-of-cycle” signals being sent.

 

And yet, despite this FOMO approach to investing, McElligott repeats that near-term/tactical headwinds persist, among which:

 

Large expected “Pension Rebalancing” estimates with significant notional selling OUT of Equities and INTO Fixed-Income on account of very extreme MTD performance, with flows likely to weigh on this week’s returns into month-end.

Window for the “violent S&P selloff -17.5% in 6-7d or less” analog pullback remains in place for another week or so, still tracking the ’07-’08 and ’11-’12 analogs.

 

On the technical front, following the recent greater than expected releveraging by CTAs to the long side, there is a lack of systematic trend “covering flows” at current levels, after having cut prior “Max Shorts” across Global Equities in-half over the past two weeks; this also means that the next wave of "buy triggers" is currently well above current spot market levels, so there is little risk for another forced short squeeze event.

 

Last, and perhaps most importantly, on Jan 30, there is a significant Fed quantitative tightening/balance sheet run-off event, which as per the "chart that every trader should have taped to their screens"… cap 2

rest at link

____

In other words all the crap debt the FRB bought and held is now going to kick everyone in the ass.

 

 

https://www.zerohedge.com/news/2019-01-28/mcelligott-january-30-marks-peak-risk-violent-sp-selloff

Anonymous ID: d26ca5 Jan. 28, 2019, 8:28 a.m. No.4939309   🗄️.is 🔗kun

Caterpillar Inc. (CAT)

NYSE - Nasdaq Real Time Price.

125.24-11.62 (-8.49%)

 

Volume 7,984,996

Avg. Volume 5,620,291

Anonymous ID: d26ca5 Jan. 28, 2019, 8:56 a.m. No.4939503   🗄️.is 🔗kun

Caterpillar is closing in on a circuit breaker event defined by NYSE.

 

Caterpillar Inc. (CAT)

NYSE - Nasdaq Real Time Price. Currency in

123.70-13.16 (-9.62%)

 

Of course this is not applied to advances..only 10% loss.

 

It is unclear whether it will be enforced but that is the rule they have.

 

There is a security specific circuit breaker system, similar to the market wide system, that is known as the "Limit Up - Limit Down Plan" (LULD). This LULD system succeeds the previous system which only prevented dramatic losses, but not speculative gains, in a short amount of time. This rule is in place to combat security specific volatility as opposed to market wide volatility. The thresholds for a trading halt on an individual security are as follows. Each percentage change in value has to occur within a 5-minute window in order for a trading halt to be enacted:

 

10% change in value of any security that is included in the S&P 500 index, the Russell 1000 index, and the Invesco PowerShares QQQ ETF.

30% change in value of any security that has a price equal to or greater than $1

50% change in value of any security that has a price less than $1

 

The previous trading day’s closing price is used to determine which

price range a specific security falls into.

 

https://en.wikipedia.org/wiki/Trading_curb

Anonymous ID: d26ca5 Jan. 28, 2019, 9:33 a.m. No.4939850   🗄️.is 🔗kun   >>9953

Gallo Family Real Estate LLC is a California Domestic Limited-Liability Company filed on September 19, 2017. The company's filing status is listed as Active and its File Number is 201726910107.

 

The Registered Agent on file for this company is Donald G Dougherty Jr and is located at 2397 Forest Ave, Sanjose, CA 95128. The company's principal address is 1941 University Ave, San Jose, CA 95126 and its mailing address is 1941 University Ave, San Jose, CA 95126.

 

The company has 2 principals on record. The principals are Gallo Costantino from San Jose CA and Donna Gallo from San Jose CA.

 

Located close to this

Rosecrucian Museum.

https://egyptianmuseum.org/

 

https://www.bizapedia.com/ca/gallo-family-real-estate-llc.html