tyb
US Market Report
The System drops the market(and really it's not that big of a drop-actually the close saw some decent buying volume-wise)
and increase the yields on the debt they hold–did not last long See Cap#3 A scheduled bond sale of 2 year notes took place and the results were good from the standpoint of funding the gov't, needed, the game played with it should leave no doubt in your mind that Powell is under complete control. Let me explain-the process of any bond auction begins with the Primary Dealers, they are are required to participate in these regularly scheduled
auctions (hard to still call it that-but that is what they are called). The begin by submitting bids to the treasury to purchase the allotments on offer.
Those bids are required by a certain time so that treasury can gather and assess who is going to be allocated what amounts of the said issue.
This process taks some time to process. In the time that these bids were submitted and accepted we get Jerome Powell making statements waffling about
the FRB's willingness to cut rates, taking a hawkish tone in other words.
2 Year Auction Unexpectedly Strong Just As Powell Pours Cold Water On Treasuries
https://www.zerohedge.com/news/2019-06-25/2-year-auction-unexpectedly-strong-just-powell-pours-cold-water-treasuries?
Then these hit and spoiled the party…1230ET Bullard - no need for 50bps…1300ET Powell - monitoring, won't bow to political pressure…1330ET Trump-Xi meeting at G-20 not expected to produce a deal.
What this did was immediatley send yields upwards as now the system is starting to feel that it will not have rates cut so it's going to dump these and
in turn this sent the equity markets lower. Keep in mind that the system has decided that the only reason equity's have risen is due to the rhetoric about
rates being cut and NOT because the economic realty that is currently unfolding before our very eyes and that,imo, is the main reason driving money into the market.
Make no mistake these are both valid reasons but the system does not want to give POTUS ANY credit for those economic realties.
Now back to Powell. He could have come out prior to the bids being submitted and sais this. He did not. The realty of this is that the bids submitted by these Primary dealers were locked in at one rate, based on the conditions when the bidding process closed. Fast forward as the jaw-boning came from Powell about perhaps
not being as acommodative as they have been saying he says the opposite and BOOM!..rates rise leaving the Primary Dealers (the real control aspect on Wall Street) with dicks in hands as they are already locked in to purchase those notes at one rate and they sit and watch as the rates rose quite a bit (in bond land at least) thus watching the spreads they are badly needing to continue this charade forward go upwards without them being able to capture that performance-again this did not last-Cap#3.
He is on a short leash and our fall/guy..not ourguy but we all need someone to take the fall don't we?
A stunned equity market could not believe that 'Batman' Powell and Buttboy Bullard dared to talk down the odds of a 50bps rate-cut in July.
US housing and confidence data did not help but the cash open saw immediate selling of the modest overnight gains.
Some Headlines
As H20 "Bank Run" Accelerates, Its Assets Plummet By $3 BIllion
H20 saw its assets decline even more as a group of its largest funds seeing their biggest ever single-day drop.
In the fourth consecutive day of accelerating redemptions, the money manager paradoxically named for liquidity - of which it has none as it scrambles to offload its most illiquid holdings
saw six of H20's biggest funds fall by 2.6 billion euros, or about $3 billion, on Monday.
https://www.zerohedge.com/news/2019-06-25/h20-bank-run-accelerates-its-assets-plummet-3-billion?
this is the redemption issue that pepe has been warning about-too many people trying to withdraw funds and that leaves these over-leveraged shit-boxes caught out.
Tesla likely to miss record second-quarter delivery target: Electrek
https://www.reuters.com/article/us-tesla-deliveries/tesla-likely-to-miss-record-second-quarter-delivery-target-electrek-idUSKCN1TQ2NW?
yea big fuckin suprise here-this used to be a a very pro-tesla site until they figured out the execs were dumping stock hand over fist-wonder where they saw that…kek
https://www.kitco.com/charts/livegold.html
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
bond yields should have risen on the talk, mkts dropped so money usually seeks a 'safe haven' when that habbens. Closing with a one handle not good for them, not a big drop but it's a nice round number they all have to look at
for the night.
you obviously have no idea what you are talking about. This is nothing. put your big boy pants on
and KYS
Oracle Execs sold $61.32m in shares-June 21-24
Oracle Corporation is the world's No.1 business software publisher. Net sales break down by activity as follows:
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sale of licenses (81.5%): software for databases, application management (customer relations management, purchasing management, etc.), decision-making, etc.;
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sale of hardware (10%);
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consulting and training services (8.5%).
Net sales break down geographically as follows: the United States (47.9%), Canada (2.9%), Americas (4.7%), the United Kingdom (5.5%), Germany (3.5%), Europe/Middle East/Africa (19.6%), Japan (4.3%) and Asia/Pacific (11.6%).
Number of employees : 137 000 people.
https://www.marketscreener.com/ORACLE-CORPORATION-13620698/company/
https://www.secform4.com/insider-trading/1341439.htm
sorry fren, get shills all the time. my apology.
has some big issues earlier this year so I'm wired for it.
i wouldn't last on TV that's for sure, not that I would want to be there. these people have done too much damage so it's my pleasure to call them out. I can only imagine the convo's on the upper floors as he walked that out.
Lights on all night in some places that's for sure.
it's beautiful to watch isn't it?
o7