tyb
US Mkt Report
additional information added ()
The Last Time This Happened, Stocks Slumped 20%-
The market asked Powell, "where's the 'dovish' meat?" and he had no answer…and the market suddenly tightened its rate-cut expectations by 14bps!!
Oh and in case you wondered where the meat was - it was here! Beyond Meat soars over 175% from its IPO price-BYND (on one day)
Beyond Meat, Inc. (BYND)
65.75+40.75 (+163.00%)
Chinese markets were closed overnight but European markets reopened weaker after US ended lower.
US markets tried to rebound from Powell's mishap but headlines from China that the trade deal had reached an "impasse" sparked selling as Europe closed.
(it was not a mishap-the FRB has placed it's owner's-the big bank's and institution's that thrive off of them in front of everyone else in a VERY public way by lowering the discount rate)
Nasdaq is suffering the most on the week for now.
(cap #2 the circled volume traces are most likely the continued slaughtering of anyone trying to fight the FED)
The Dow is heading for its second down week in a row (the first consecutive loss since Dec 21st) - a terrifying thought.
Treasury yields were higher across the curve today as Powell's "transitory" hawkishness rippled up the curve… (the belly slightly underperformed +5bps vs the wings at +3.5bps)
The yield curve has flattened quite notably after an initially exuberant steepening.
(this is a direct result of the discount rate being lowered-yield curve implosion will accelerate-gap on cap #3 will continue to narrow)
WTI (US Crude) was the worst performer among the commodity complex but all drifted lower. WTI traded very technically, breaking down to its 50DMA after breaking below its 200DMA, only to rebound back up to the 200DMA.
Gold was smacked lower again, testing its 200DMA and bouncing hard once again.
Silver was also slapped to five-month lows.
(continues to be on sale-don't wait as if the price goes substantially lower you will have issue's acquiring it just like in 2009-2012 when it rose to the record level's it did-and do not think of it's value in the FIAT currency it is priced in-OWN IT)
Back in SEP the SPX pushed to new all time highs while the NYSE did not, flagging the initial divergence. Y'day the SPX again made fresh all time highs with the NYSE again NOT confirming.
Is it different this time?
https://www.zerohedge.com/news/2019-05-02/last-time-happened-stocks-slumped-20
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
https://www.dailyfx.com/crude-oil
On Tesla. With them seeking additional funding of $2.3b-whick will end up diluting existing shareholder's by about 5% it was up:
Tesla, Inc. (TSLA)
244.10+10.09 (+4.31%)
At close: 4:00PM EDT
This make's it look fine from a cursory look. However it has just been made moar expensive to the new holder's of the equity or debt they will be buying so that the entire pile can be devalued by about 5% overall based on it's current mkt cap. This was a feature of the system in 2008-especially when the big bank's needed to be re-capitalized. Morgan Stanley was the poster child for this is Oct. 2008.
They should be doing better but they have issue's
with Musk lying about his production capacity- this is what the SEC is pursuing him about…HE LIES.
Can't answer you second question, you will have to ask the one's giving it to him, if they do-moar money than brian's though.
The circled area is what I believe to be be shorts covering-these people have bet that the mkt will drop and in order to exit that position they have to cover or "buy" the stock-that is a complicated issue and involves many factor's. Was and is a big thing with share's being issued to short when they do not really exist.
see here.
Short (or Short Position) Short (or Short Position)
What is a Short (or Short Position)
A short, or a short position, is created when a trader sells a security first with the intention of repurchasing it or covering it later at a lower price. There are two types of short positions: naked and covered. A naked short is when a trader sells a security without having possession of it. However, that practice is illegal in the U.S. for equities. A covered short is when a trader borrows the shares from a stock loan department; in return, the trader pays a borrow-rate during the time the short position is in place.
In the futures or foreign exchange markets, short positions can be created at any time.
https://www.investopedia.com/terms/s/short.asp
and
here
Naked Shorting
What is Naked Shorting
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. So naked shorting refers to short pressure on a stock that may be larger than the tradable shares in the market. Despite being made illegal after the 2008-09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems.
https://www.investopedia.com/terms/n/nakedshorting.asp
go to that site referenced in the response(investopedia) if you have question's about financial terms. They will not give you the answer's to question's about strategy's but it will de-mystify the language used in the business.
Dr. Strangelove
if you have ever been here the entire place is spoopy as fuck. I did not want to be there.
The whole place has an evil vibe to it and the people seem like walking zombie's. This was in the mid-2000's