tyb
US Market Report
Solid follow on action today-'merica.
Futures were up nicely this morning awaiting the monthly jobs report from the Dept. of Commerce-they somewhat 'disappointed' as they did not meet the expectations that were placed on it from the academics
who refuse to understand that you cannot continue to use rolling averages to calculate what job creation should be. Let's be clear here: the numbers they put out are a manipulated set of statisitics that
use data from an average of about 10 years. This means that over the last 10 years if the data "showed" that a certain number of jobs were created then those numbers become empirical numbers.
If you really want a beetr look at how it appears just search for the U-6 report. This is the labor particpation rate. Better yet have a look at thsi site: http://www.shadowstats.com/
They are the closest you can get to what is really going on. Have read that site for many years, it is very good.
To the action: The jobs number dropped the futures from about +90 on the DOW to almost flat. Then we had another headling about the tariffs being possibly suspended for the time being.
The futures then reclaimed everything it lost and once the cash (hard to say this without laughing) markets opened it was off to the races. In the past a jobs report like this would
have certainly dropped the equity markets to triple digit loss, even before the start of regular trading. That it did not should be something t pay attention to, this type of strategy-intentinonally
moving the stock market in one direction or another has been used for decades by the FRB so that they could start the next boom/bust cycle again. They have not been able to facilitate this action habbening.
This is the longest bull market we have ever had. This pepe believes that this strategy is being sed aganist the FRB to expose, to the world, exactly what they were able to do for decades.
What you must wrap your head around is that although many fundamentals are horrible-and they are trust pepe-itneeds to be done this way to expose the shell game. If yo have traded at all you certainly recall a time
when you had the best possible strategy and all your numbers lined up properly for an earnings release and when those results you expected were released the equity you had did the exact opposite.
The herd trade right now is to be short so they have done the fundamental analysis right but are missing the bigger picture, namely what they are seeing with what goes on around them and how the mkts are pricing
themselves. One further note- do you really think that with all these stock sales (nee asset seizures) that the markets would be allowed to drop? Afterall they used our money to get them here so taking these vehicles
from them at a discount would not be too smart would it?- TRUST THE PLAN.
Not saying it's straight up all the time as this is never the case, there will be some bumps. We are in a digital war-do not think the financial markets are immune from this warfare.
FedSpeak Sparks Best Week For Stocks In 6 Months; USD & Yields Plunge
This was the best start to a June since 2000.
And best week since November for US stocks.
While a somewhat nonsensical way to look at things, we note that this week saw the biggest point gain for the Dow in history.
again why strip assets from the people who fucked it all up at a lower price point.
Dow 26,000 remains a key level… (Dow crossed above all its major moving averages this week).
The big tech traders have no choice but to join in however it is a friday and some may choose to wait until monday.
US Materials stocks soared.
this is a SOLID message being sent to you.
Having their best week in 10 years.
FANG Stocks surged on Tuesday and Friday
this is the part that makes little sense but see the comment about asset stripping.
MSFT hit a new record high above $1 trillion market cap today.
While US markets soared, Chinese stocks tumbled, breaking below key support levels and entering a bear market..
hahahahahahahahaha
Treasury yields are lower today.
see comment on cap#4.
On the week, expectations for rate-cuts in 2019 continued to escalate as various Fed heads jawboned the markets higher with promises of rate-cuts.
See comment on cap#3
Gold had its best week since April 2016 and is up 8 days in a row…topping the Maginot Line of $1350…
This is the longest win streak for gold since 2011.
remember this is PAPER trades-very little physical gold trades in the COMEX.
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
https://www.zerohedge.com/news/2019-06-07/stocks-soar-best-week-6-months-bond-yields-plunge
Independent Bank Director sold $7.14m in shares-June 5
Independent Bank Group, Inc. is a bank holding company. Through the Company's subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area. The Company offers residential mortgages through its mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages, which are sold into the secondary market shortly after closing. The Company also provides wealth management services to its customers, including investment advisory and other related services. The Company offers a range of commercial and retail lending products to businesses, professionals and individuals. Deposits are the Company's principal source of funds for use in lending and other general banking purposes.
https://www.marketscreener.com/INDEPENDENT-BANK-GROUP-IN-12912085/company/
https://www.secform4.com/insider-trading/1564618.htm
Director at Amer. Fin Group sold $3.20m in stock -June 5-6
American Financial Group, Inc. (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. It has four segments: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other. It reports its property and casualty insurance business in specialty sub-segments, including Property and transportation, Specialty casualty and Specialty financial. AFG sells traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets through independent producers and through direct relationships with certain financial institutions. AFG also sells single premium annuities in financial institutions through direct relationships with certain banks and through independent agents and brokers.
https://www.marketscreener.com/AMERICAN-FINANCIAL-GROUP-11554/company/
https://www.secform4.com/insider-trading/1042046.htm
GANGSTA
>And don't feel bad about letting loose a great, big, guttural belly laugh when you see it.
not only that it will be the best I've ever felt seeing all that.
got the payout via the float and gone…..
don't worry about brock and his buddies…been making fools of them for a year plus