tyb
US Market Report
Volumes the usual story-low
Some headlines
New rule would let U.S. companies sue foreign rivals over currency weakness
https://www.marketwatch.com/story/new-rule-would-let-us-companies-sue-foreign-rivals-over-currency-weakness-2019-05-24?
JPMorgan's Kolanovic Sees a ‘Trump Collar’ on U.S. Stock Market
https://www.bloomberg.com//news/articles/2019-05-24/jpmorgan-s-kolanovic-sees-a-trump-collar-on-u-s-stock-market?srnd=markets-vp
for once I agree with someone from this place.
China remains best YTD followed by Europe and US the slight laggard.
Chinese stocks were lower on the week with tech-heavy indices hit hardest.
wait until next week….
European markets were all lower on the week, led by Italy.
"Most Shorted" Stocks had their 3rd weekly loss in a row - the biggest 3-week drop of the year - as Tuesday's short-squeeze couldn't last.
hope you short anons took some of your gains-holding over the weekend always risky-good luck in either case-o7
Technology stocks overall were whacked.
Energy stocks are down 7 weeks in a row.
this solely down to oil and it's drop and meandering prior.
Musk had a bad week.
On paper he lost about $167m-suckers.
Credit markets blew wider this week even as VIX ended the week almost unchanged.
This insurance against asset failure-this is getting to 2008 levels quickly.
The problem here is that Wall St has leveraged itself into oblivion and is trying to insure it now against reality.
Treasury yields took a breather today (and a half day ahead of Memorial Day) after a breathless plunge midweek.
Quite the ride-see Cap#3
Slamming yields to multi-year lows.
The yield curve crashed back into inversion this week.
mmmmmkay….it's coming.
And ugly week for WTI crude (and copper) with PMs managing gains.
Nanook clubbed copper today-don't eat da yellow snow.
Finally, The Fed has a problem - how's it going to be able to support the market when investors are already pricing in 45bps of rate cuts for 2019.
See Cap#4-danger Will Robinson-for them at least.
But there is a silver lining…It’s going to cost you less to refill the propane tank for your gas grill this Memorial Day weekend. Propane prices have plunged this month, reaching their lowest level in more than 2 1/2 years.
https://www.zerohedge.com/news/2019-05-24/stocks-suffer-worst-streak-8-years-trade-tempest-sparks-rates-rout
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
Have a great weekend fellow anons- it's an honor to be able to share these times with you.
Haemonetics Pres/CEO sold $2.42m in shares-May 23
Haemonetics Corporation (Haemonetics) is a healthcare company. The Company provides various products to customers involved in the processing, handling and analysis of blood. The Company's segments include Japan, EMEA, North America Plasma and All Other. Haemonetics provides plasma collection systems and software, which enable plasma fractionators to make pharmaceuticals. The Company enables plasma collection customers to source from it a range of products necessary for plasma collection and storage, including PCS brand plasma collection equipment and disposables, plasma collection containers and intravenous solutions, such as saline. Haemonetics offers automated blood component and manual whole blood collection systems to blood collection centers to collect blood products. The Company offers a range of blood management solutions. The Company has a suite of integrated software solutions, which include solutions for blood drive planning and blood collection.
Number of employees : 3 136 people.
https://www.marketscreener.com/HAEMONETICS-CORPORATION-12870/company/
https://www.secform4.com/insider-trading/313143.htm
overall it's pretty quiet on the sales/buys.
Former Brazil Surgeon Turned SEC Whistleblower Gets $4.5 Million
A former Brazilian surgeon who blew the whistle on a medical device company that allegedly bribed doctors to win business will get a $4.5 million award from U.S. regulators, according to his lawyers.
The surgeon will get the money for playing a crucial role in helping the Securities and Exchange Commission uncover a bribery scandal at Biomet Inc. that spanned the globe, his attorneys Christopher Connors and Andy Rickman said in a Friday statement that didn’t identify the doctor by name.
"Today’s award will spur many would-be foreign whistleblowers to come forward now that they know that the SEC is committed to rewarding whistleblowers” for tips tied to violations of the Foreign Corrupt Practices Act anti-bribery law, said Connors and Rickman.
Biomet, which has paid tens of millions of dollars to the U.S. government to settle charges of Foreign Corrupt Practices Act violations, is now named Zimmer Biomet.
The company didn’t immediately respond to a request for comment.
The SEC separately issued a statement Friday that said it was granting more than $4.5 million to a whistleblower who reported “significant wrongdoing” to the regulator after filing an anonymous tip internally to a company. SEC rules prevent the agency from naming whistleblowers or even identifying the specific enforcement actions that trigger awards.
The Dodd-Frank Act required the SEC to start a whistleblower program. The agency can give tipsters as much as 30% of any fine for cases that lead to sanctions exceeding $1 million. The regulator says it has awarded more than $380 million since 2012.
https://www.bloomberg.com/news/articles/2019-05-24/former-brazil-surgeon-turned-sec-whistleblower-gets-4-5-million
Abbott Labs EVP sells shares-$33.98m-May 23
Cap#1 is just filed, Cap#2 is recent.
Abbott Laboratories specializes in the research, development, manufacturing and marketing of pharmaceutical and medical products. Net sales break down by family of products as follows:
-
nutrition products (33.1%): pediatric nutrition products, nutritional supplements, and dietetic products;
-
diagnostic systems and instruments (23.1%);
-
medicine (18.5%): anesthetics, antiviral products, antibiotics, inhibitors, anti-inflammatories, etc.;
-
vascular devices (13.9%): endoprosthetic systems, dilation catheters, arterial closures, etc.;
-
other (11.4%).
Net sales are distributed geographically as follows: the United States (31.1%), China (8.3%), India (5.3%), Germany (5%), Japan (4.4%), the Netherlands (4%), Switzerland (3.7%), Russia (2.6%), Canada (2%), the United Kingdom (1.8%), and other (31.8%).
https://www.marketscreener.com/ABBOTT-LABORATORIES-11506/company/
https://www.secform4.com/insider-trading/1800.htm
saving that one. kek!