tyb
>>6638676 lb
this is an apples and oranges situation.
i agree you should not be able to dictate what products are sold in any store. The problem is that because the payment processing aspect of it has very few options they can do this. They really do not even need to get political with it because the options are very limited.
They chose to do so because they can.
It's the 'in your face' aspect of it. I agree it is totally wrong. When you have the gold……
US Market Report
Volumes
DOW
Volume 283,709,973
Avg. Volume 296,768,437
NAS
Volume 1,951,971,695
Avg. Volume 2,189,430,937
SP500
Volume 2,169,482,037
Avg. Volume 3,523,080,468
some commentary from pepe
The volumes are all low with only the DOW getting close to the daily's. What you are seeeing here is the system throwing a fit at the coming trade deal. It's coming, make no mistake of this. seen some comments today worrying about the drops. THIS IS NOTHING.
Even the drop was a completely controlled event. It did not drop in large numbers because the system could not afford it to. The last time it dropped in a quick way was 1987. The systems response was to create the Plunge Protection Team (PPT) so it did not habben this way again. For the most part it has not. The 2008 event habbened, in earnest over a period of several months and yes it sucked but it was all a controlled event. It was done this way because the system was so bloated with paper derivatives that it could not afford a straight drop down. If it did they would have called out margins on each other and facilitated a further, steeper drop.
Please be patient-have seen this movie before and a %drop in this week is not ideal but in the grand scheme of things it is NOTHING.
Some Headlines
Trump Approval Rating Hits Two-Year High
https://www.zerohedge.com/news/2019-05-31/trump-approval-rating-hits-two-year-high
Mexico, U.S. business groups urge Trump to back down on tariff threat
https://www.reuters.com/article/us-usa-trade-mexico-threats/mexico-u-s-business-groups-urge-trump-to-back-down-on-tariff-threat-idUSKCN1T11K3
Trade Turmoil Wipes $5 Trillion Off Global Stocks In Worst May Since 2010
Global Equity markets lost almost $5 trillion in May, more than they did in December.
system is mad
All major US equity markets were ugly in May.
BTW this is highly unusual to have it be down on a qtr end day.
Big week for China, thanks to a huge PBOC-panic liquidity injection.
they will continue to do this-no choice-and some of that will show up here eventually.
Europe's worst month since early 2016.
Not helped by Deutsche Bank closing at record lows.
Canary in the coal mine-what this does and how it is managed will tell the tale-there is a reason why there is no solution to this..there is not one that they want.
(today was a one-way street lower after Europe closed)
yes because the taps at the EU close at11:30am EST-no surprise here.
But still remain comfortably green on the year.
please keep this in mind.
All the major US equity indices are back below their 200DMAs.
the tech traders left before this habbened as it was telegraphed well in advance.
Credit markets blew wider in May (led by HY) and for now, VIX is holding in (even with its curve inversion)
credit is what bloated this to it's current level so it's natural that it's getting the "shakes" right now.
HY Spreads are shouting their warning that something is up…
See cap#4
This is also nothing new..this chart has been bifurcated for almost 9 years when extended out for that time-frame.
Treasury yields collapsed around 35bps on the month and accelerated lower this week despite talking heads claiming pension rebalancing would bid stocks and offer bonds into month-end.
See cap#3-and they will not be getting the re-balancing flow in the way they used to get it-see the SERCO report in the catalog for the actual use of this process.
This is the biggest May drop in yields since 2010, slamming yields to their lowest in years..
This was Cryptos best month since August 2017.
this should tell you something-it's tied to NOTHING.
Ugly week for commodities broadly with crude getting crushed but gold managed solid gains.
dropping oil prices good for us, bad for them.
And Gold managed gains on the month as WTI collapsed.
an inverse relationship ever since the petro-dollar introduced after we were taken off the gold-standard.
WTI's worst month since November, tumbling back below $54…And worst May since 2012.
Let's see how wholesale gas prices do before you cheer this.
Gold's best month since January, soaring back above $1300.
This is most likely people taking spec positions at the end of a quarter-a common event.
And finally, the market is pricing in 1 rate-cut in 2019 and 2.5 rate-cuts by the end of 2020.
pepe speculates there will two and the first one in spetember-SPECULATES and not guaranteeing.
TRUST YOUR POTUS and relax!, it's all going to be ok-not saying it could not get rocky but ultimately they have this under control.
https://www.zerohedge.com/news/2019-05-31/stocks-suffer-worst-may-7-years-bond-yields-collapse
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
Arch Capital Group Vice Chair sells $10.18m is shares-May 29
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the results of Arch Mortgage Insurance Company and Arch Mortgage Insurance Designated Activity Company, which are providers of mortgage insurance products and services to the United States and European markets. The other segment includes the results of Watford Holdings Ltd.
Number of employees : 3 140 people.
https://www.marketscreener.com/ARCH-CAPITAL-GROUP-LTD-8233/company/
https://www.secform4.com/insider-trading/947484.htm
The spreads on Treasury notes are dropping so what it means is they get less for holding the new issues and can collect less on the products that are tied to them. So they will flip these back and forth to each other for a period of time since it's cheaper, for them, to do this rather then go to the FRB and hit the discount window. This will have limits too How long? can't say but it will take some time for sure.
yes. Not sure why the person that objected to it in the first place did not realize this.
you are most welcome anon.
Hope that helps. Don't think I am the authority as i do not know it all. Trying though
kek
Viasat CFO and EVP sold $3.07m in shares-May 29-30
ViaSat, Inc. is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States. The commercial networks segment develops and produces a range of end-to-end satellite and wireless communication systems, ground networking equipment and space-to-earth connectivity systems. The government systems segment develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure government communications systems, products, services and solutions, which are designed to enable the collection and dissemination of real-time digital information between command centers, communications nodes and air defense systems.
Number of employees : 5 200 people.
https://www.marketscreener.com/VIASAT-INC-11323/company/
https://www.secform4.com/insider-trading/797721.htm
in california..registered republican and only to make it clear they cannot manipulate my perception of who I am voting for. Spouse was registered as ind. On a change of address did not re-register-forgot about it and several weeks later rec'd a notification that they were now registered as a dem. Fixed that shit quick.
what they did to this one and what they used it for was criminal.
This is all in the catalog under DTCC and Super Storm Sandy.
DTCC Says Trillions in Stock Certificates Damaged in Sandy Floodwaters
Unlike 99.9% of investors, most SD readers are aware (or should be) that unless you have physically taken possession of your equity shares, the actual owner is the Depository Trust & Clearing Corp. (DTCC).
CNN Money has reported that the DTCC vault holding trillions of dollars in equity certificates was breached in the Sandy flood-waters, and trillions in stock certificates and other paper securities may have suffered damage.
While the jokes relating to vaporization of assets from Hurricane Sandy were centered on the gold stored 60 feet below the NY Fed, it appears that in reality, Sandy may have destroyed portions of millions of Americans’ 401k’s, pensions, and stock accounts.
Got PHYZZ?
Up to $36.5 trillion in securities may be damaged according to the CNN report:
Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy.
The Depository Trust & Clearing Corp., an industry-run clearing house for Wall Street, said the contents of its vault “are likely damaged,” after its building at 55 Water Street “sustained significant water damage” from the storm that battered New York City’s financial district earlier this week.
The vault contains certificates registered to Cede & Co., a subsidiary of DTCC, as well as “custody certificates” in sealed envelopes that belong to clients.
The DTCC provides “custody and asset servicing” for more than 3.6 million securities worth an estimated $36.5 trillion, according to its website.
The DTCC’s vault has apparently been flooded to such an extent that officials have not even regained access to the facility a week after Superstorm Sandy struck Manhattan:
“At this point, it is premature to make an accurate assessment as to the full impact of the water damage nor would it be helpful to project on what specific actions need to be taken with respect to our vault,” said DTCC Chief Executive Michael Bodson in a statement. “We are aggressively working on this situation to minimize disruption to our clients and will provide additional updates as more information becomes available.Bodson said the DTCC’s computer records are intact and that the corporation has “detailed inventory files of the contents of the vault.”
The building remains inaccessible, but the lower floors are believed to be flooded. The full extent of the damage cannot be assessed until power is restored and the building is deemed safe to enter.”
'https://''www.silverdoctors.com/gold/gold-news/dtcc-says-trillions-in-stock-certificates-damaged-in-sandy-floodwaters/