tyb
don't shit the bread faggot
https://www.secform4.com/insider-trading/1281761.htm
Dow Suffers Longest Weekly Losing Streak Of Year As Fed Loses Control Of Short-End
()=additions
(cap#2-shorts covering all day mixed with 'buying'-what a joke)
NAS
Volume 1,649,601,284
Avg. Volume 2,203,797,903
DOW
Volume 208,951,805
Avg. Volume 294,235,000
SP500
Volume 1,643,272,053
Avg. Volume 3,581,451,935
The Fed's tweak to the funding markets failed to take back control.
As The Fed's IOER cut left EFF still 6bps rich.
And so, a 'murder' of Fed Speakers were unleashed today and they managed to inch the market's rate expectations in a dovish direction, but on the week, thanks to Powell's "transitory"
An epic short-squeeze ramped US equities back into (or near) the green for the week.
(was in NAS too-circled volume)
With Small Caps and Trannies leading… Nasdaq and S&P were levitated almost perfectly into the green for the week.
Nasdaq up 6 week sin a row and 16 of the 18 weeks in 2019.
Nasdaq soared today on the back of Berkshire buying some Amazon shares… (FANG stocks managed to get back to breakeven on the week only though after the GOOGL drop)
For The Dow, this is the same panic-bid we saw last Friday… Dow down for 2nd week in a row - first time since Dec 2018.
(Nothing to see here move along)
Treasuries were bid today, shifting the long-end yields back to unchanged on the week, while the short-end remain notably higher in yield.
(see cap#3)
The yield curve flattened dramatically on the week (after a brief spike initially on the Fed statement)…This was the biggest weekly flattening in 5 months.
(because they lowered the discount rate stupid!)
As Bitcoin tests $5800.
Strong bounce back day for commodities today was unable to get them green on the week but gold outperformed as copper lagged.
Gold bounced off its 200DMA once again.
(probably do it one moar time too)
WTI fell for the 2nd week in a row - the biggest 2-week drop since 2018…hugging the 200DMA.
(that's good for pepe)
Global money supply better start picking up again soon.
(it will, ask the PBOC on sunday night)
https://www.zerohedge.com/news/2019-05-03/buffett-buys-bezos-dow-dumps-longest-streak-2018
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
ty anon
chek't
makes sense anon. Seems to have to split view on FB now, regardless of that he did create this platform.
Wells Fargo : Raises Possible Losses From Legal Action – Update
Wells Fargo & Co. increased the amount of money it could lose from possible legal action, according to its quarterly securities filing.
The bank raised the high end of the range of potential losses to about $3.1 billion, as of March 31. The previous estimate was about $2.7 billion through the end of December and $2.2 billion through the end of September, according to filings with the U.S. Securities and Exchange Commission. The bank said in the Friday filing that the increase is tied to a variety of matters.
Wells Fargo has faced pressure from lawmakers and regulators since the 2016 sales-practices scandal. The bank paid out more than $4 billion in settlements and fines from September 2016 to December 2018.
Separately, Wells Fargo said in the filing that it has completed a review of its wealth and investment management business and found no evidence of widespread problems in that area. Former employees had alleged financial advisers were pushing clients into inappropriate products and were shifting client assets around to generate greater revenue and bonuses, The Wall Street Journal has reported.
The bank added that it is reviewing certain past disclosures to customers regarding the minimum qualifying debit-card use required to waive monthly service fees on some consumer-deposit accounts.
"Based on the possibility of confusion by some customers regarding the types of transactions that counted toward the waiver, we expect to refund certain monthly service and related fees to affected customers," the bank said.
https://www.marketscreener.com/WELLS-FARGO-14861/news/Wells-Fargo-Raises-Possible-Losses-From-Legal-Action-Update-28533386/
God dammit!