tyb
top kek
quads confirm
US Market Report
Pretty slow day as all eyes will be on the coming weekend and the G-20 meetiing. Honestly think that the people who grift off the
movement of the markets have ZERO idea what to do with this. The must be staring at screens totally dumbfounded given the geo-political environment we currently face. Have to admit I would be as well if not for this place and you nigga's. Home Depot is trying to make nice about it's situation and the stock doesn't really believe it. Bonds continue to tread water but trend down. See Cap#5 for a long term chart on the 3 month bill. What should stand out to you is the length of time the rally has gone on, over an extended period of time. One of the old, tired mantra's of wall st is "this time it's different" and then it never was…well this time it IS different.
Bitcoin traded above $11k a few times but was sent down at each cross over-except the last one. Usually you get three times at a breakout or breakdown and it's had it's three at $11k-see what it does-currently just above it now
Of note, Bitcoin and gold are trading virtually lockstep to each other. Oil (cap#4) is just roaming around as well-pretty boring.
Some headlines
Beijing Slams Pompeo As Trade Talks Loom: "He Can No Longer Play Role Of Top US Diplomat"
Global Times editor Hu Xijin, one of Beijing's favorite English-language mouthpieces and perhaps the most obvious candidate for 'anti-Trump' Twitter foil,
has offered a stern warning to keep the market's frothy enthusiasm in check.According to Hu, China's attitude going into the summit is "positive", but "fully preparing for its failure and an escalation" of the trade war.
Furthermore, Hu had some particularly harsh words for Secretary of State Mike Pompeo, labeling the Secretary of State a "troublesome" figure in US-China relations and insisting that Pompeo "can no longer play the role of
a top US diplomat between the two countries."
https://www.zerohedge.com/news/2019-06-24/beijing-slams-pompeo-trade-talks-loom-he-can-no-longer-play-role-top-us-diplomat?
FUCK OFF SHITBAG AND STUFF YOUR TWATTER ACCOUNT UP YOUR FRONTHOLE-'cause you got one.
and in about 'fookin time news
Wall Street's Shady Practice of Triggering Bond Defaults Draws Scrutiny From Regulators
SEC, CFTC and FCA vow to address controversial CDS trades. Watchdogs say they want to enhance transperancy and integrity
Financial regulators in the U.S. and U.K. said they will work together in combating “opportunistic strategies” in credit derivatives markets including so-called
manufactured defaults that have triggered a series of high-profile legal fights.
https://www.bloomberg.com//news/articles/2019-06-24/manufactured-credit-defaults-draw-focus-of-u-s-u-k-regulators?srnd=markets-vp
a large percentage of these were designed from the start to detonate on purpose-see credit ratings scandal(s)-Moody's, Fitch, Morningstar all had a large hand in this.
Home Depot CEO says company hopes to cut costs to reduce impact of tariffs on consumer prices
Home Depot CEO Craig Menear said the company hopes to minimize any impact that potential tariffs will have on prices by cutting costs.
The company makes 70% of its goods domestically, which also lessens the effect. Demand has picked up with the improving summer weather.
https://www.cnbc.com/2019/06/24/home-depot-hopes-to-cut-costs-to-reduce-impact-of-tariffs-on-prices.html
the share price suggests that this is not believed, (HD -1.89%)
10-year Treasury yield records biggest daily decline in three weeks
Treasury yields slipped Monday as traders geared up for President Donald Trump’s meeting with his Chinese counterpart Xi Jinping, amid hopes that their get-together could stave off a further escalation of a U.S-China trade clash.
What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -1.97% slipped 4.5 basis points to 2.021% marking its biggest daily drop in three weeks, while the 2-year note rate TMUBMUSD02Y, -1.20% also fell 4.5 basis points to 1.737%.
The 30-year bond yield TMUBMUSD30Y, -1.45% tumbled 3.9 basis points to 2.552%.
https://www.marketwatch.com/story/treasury-yields-slip-ahead-of-trump-xi-meeting-2019-06-24?
https://www.marketwatch.com/investing/bond/tmubmusd10y?
https://www.dailyfx.com/crude-oil
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
American Financial Grp Co-CEO/Co-Pres sold $15.54 in shares-June 20-21
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
>There is a frightening amount of mental retardation on this board nowadays, anon.