they eventually will have to be but they did not start off on this side. i would not go so far as to say ourguy but they all have to slowly walk out this entire narrative now as they were responsible for placing it where it was. The ones who are not in the public eye are certainly not ourguy.
Morning Market Report
looks like it may be a quiet-ish day here.
Some headlines.
Uber says IRS looking at its 2013-14 tax returns
https://www.reuters.com/article/us-uber-tax/uber-says-irs-looking-at-its-2013-14-tax-returns-idUSKCN1T51AL
Citigroup "Informant" Link To Wealthy Trader Disclosed During High Profile Insider Trading Trial
https://www.zerohedge.com/news/2019-06-03/citigroup-informant-link-wealthy-trader-disclosed-during-high-profile-insider-
FCA-Renault bid clears French hurdles as board meets: sources
https://www.reuters.com/article/us-renault-m-a-fiat-chrysler/fca-renault-bid-clears-french-hurdles-as-board-meets-sources-idUSKCN1T51FT
Stocks, Futures, Yields Rebound As Selling Pauses
Global stocks rebounded from Monday's hammering even as worries about a regulatory crackdown on the world’s internet and social media giants compounded mounting global trade and recession jitters, while interest rates remained just shy of multi-year lows as Treasuries dipped for the first time in a week while the dollar was un-chanaged.
On Monday a combined $85 billion was wiped off Facebook and Google parent Alphabet’s market caps, in the worst rout for the FANG sector in two years.
the black money being taken out of here, you anons who shorted these-and stated so on a public board-will have to deal with weak shorts covering today most likely.
Meanwhile, global monetary policy remains in focus this week as the hostile trade rhetoric between the U.S. and China continues. Fed ratesetter James Bullard said on Monday lowering U.S. rates “may be warranted soon”.
As pepe told you starting a few weeks ago-they have no choice-they all swallowed tide pods courtesy of the FRB lowering the discount rate-embrace your inner pepe.
Sure enough, after nearly 3 years of resisting any change to its monetary policy, Australia’s central bank cut rates to a record low and on Thursday the European Central Bank is set to detail a fresh dump of cheap money. India is expected to lower its rates too.
After a furious plunge on Monday in a move that left many rates traders shocked, US Treasury yields also rose but remained near recent lows. U.S. 10-year notes yielded 2.0968% after touching 2.06, the lowest since September 2017.
All this underlined the scramble to re-price Fed policy and the biggest two-day drop in U.S. two-year Treasury yields since the 2008 crash.
They should have listened to pepe as with most traders they woke up on monday and scrambled to 'protect' themselves.
The yield curve between three-month and 10-year debt has inverted by as much as 27 basis points, historically a recession signal.
It is if you look at mechanics and technicals-this fails to account for reality or IRL situations.
Finally, the Turkish lira initially dropped, then rebounded even after Turkish President Erdogan repeated that Turkey will not take a step back from the Russian S-400 missile deal.
Expected data include factory orders and durable goods orders. Tiffany and Salesforce are among companies reporting earnings.
Sales force recently screwing with payment processing will show up in the next qtrly report.
US Event Calendar-data
10am: Factory Orders, est. -0.95%, prior
1.9%; Factory Orders Ex Trans, prior 0.8%
10am: Durable Goods Orders, prior -2.1%;
Durables Ex Transportation, prior 0.0%
10am: Cap Goods Orders Nondef Ex Air,
prior -0.9%; Cap Goods Ship Nondef Ex Air,
prior 0.0%
To the day ahead now, which this morning includes the advanced May CPI report for the Euro Area where the consensus expects a +0.9% yoy core reading compared to +1.3% in April. We’ll also receive the April unemployment rate while data in the US this afternoon includes final durable and capital goods orders revisions for April, as well as April factory orders data. Away from that the Fed’s Williams is due to speak just after lunch before the two-day Fed conference gets underway including opening remarks from Powell at 2.55 pm BST.
https://www.zerohedge.com/news/2019-06-04/stocks-futures-yields-rebound-selling-pauses
https://www.dailyfx.com/crude-oil
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.bloomberg.com/markets/stocks/futures
Where does it say anything about bailouts or buying a farm?
don't disagree with that as it's why we are in the position we are in. It's got to be cleaned out somehow as simply shutting it off would have some fairly dire consequences. Slowly but surely is the only way to do this. You want riots and public discourse?- shut it all off at once.
>kappy said