tyb and o7
Us Market Report-winning feels good edition
Started off by hearing moar from the chinese(right as the G-20 kicking of too) about the 'conditions' we have to meet in order to do
a deal, namely allow Huawei bans on products to be lifted-sorry fuck you. A Wall Street Journal report that Xi planned to present Trump with a set of
terms Washington should meet before Beijing is ready to settle their dispute tempered optimism, like this was not a direct attempt to subvert our markets-nice try though.
We also had the news that the Swiss are going to shut off orders to the EU soon.
>>6855360 pb ZH: Swiss Block Trading Swiss Shares On EU Exchange
This is most likely a bluff as it would certainly have MAJOR impact across all markets as this would freeze the bond markets as well as send currency trading into
an absolute hissy fit. It would also be very positive for gold but the issue with that is it is now the 'herd' trade as about $26b (roughly) is on the long side and
the system does not have the cash to settle those contracts let alone deliver the actual metals should some of these paper contracts try to stand for delivery.
That is an old issue as back in the 2008-2012 time-frame the CFTC began actively paying off customers in cash(against it's own rules BTW) if they would stand down
for delivery.
U.S. Treasury debt yields fell on concerns that trade discussions between the United States and China on Saturday may be more complicated than previously expected. See Cap#3.
The 10-year Treasury note yield, -1.81% on Thursday dipped 4.1 basis points to 2.007%, the third-lowest of the year, while the 2-year note yield, -0.67% fell 3.6 basis points to 1.741%. The 30yr bond, -1.64% edged lower by 4.1 basis points to 2.524%, after opening higher in the morning.
Tech had it's day as that was a big short squeeze-it was the biggest short squeeze in June as "Most Shorted" spiked. This is the 'herd' trade in equity's.
The Dow dipped late on as Boeing admitted the Max737 delays will continue but nothing goes straight up. Think they tried yet again to dump it. See description on tech in cap#2-FUCKING AMAZING TO SEE THIS!.
Chinese stocks pumped back up to unchanged on the week overnight- printing trillions of yuan since january will do that-fuck off china-you've had your turn.
Gold remains the big winner since The Fed went Full Retard-never go full retard-but in this case it's good for us.See Cap#4
Mortgage Rate Dips Again, Pointing to a Rise in Refinancing Risk
Refinance index has surged back to levels last seen in 2016. Home sales continue to trail population growth as prices rise
Thirty-year mortgage rates have fallen this week to their lowest levels since late 2016, handing cheaper borrowing costs to homeowners and greater risks to the money managers that invest in home loans.
https://www.bloomberg.com//news/articles/2019-06-27/mortgage-rate-dips-again-pointing-to-a-rise-in-refinancing-risk?
It's about time they shouldered the burden of this instead of creating leveraged loan products rated at whatever they wanted them to be(see Moody's, Fitch, Morningstar credit ratings scandal(s).
==If you are able to re-finance, please take advantage of this as rates will continue to drop however those rates associated with the Bonds will not be the ones you get. They always have a spread on
them and I guarantee that will be increasing as the ability for them to make money on these products dwindles.==
'''They are eating themselves with this as they have to trade them back and forth since the FRB discoutn rate is much higher-plus add in that china is most likely trying to sell whatever it can without having that action devalue what they still have. You need co-operation to do this and I can't see anyone willing to do this. Could possibly explain the bitcoin crap as they need some source of
funding to accomplish this. Since the chinese are very pre-occupied with propping up the debt bomb they have I suspect they are trying to use bitcoin too- no sauce.
https://www.kitco.com/charts/livegold.html
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
5:5 boss
Adobe Co-Founder sold $4m in shares-June 26
Charles M. Geschke
Career Details
Geschke began his career as a scientist and researcher in the Computer Sciences Laboratory of Xerox's Palo Alto Research Center. In 1980 he helped establish and became manager of Xerox's Imaging Sciences Laboratory at the same location. His duties centered on overseeing and conducting research activities in the areas of computer science, graphics, image processing, and optics. In 1982 he and John Warnock, who conducted interactive graphics research for Xerox, became frustrated by the difficulty of moving their innovations and research beyond the laboratory and into production. The two decided to venture out on their own; they quit Xerox and created a new company, Adobe Systems, Inc., named after a creek that runs past their homes in Los Altos, California.
By 1984, just two years after forming their company, Geschke and Warnock reported Adobe revenues of $1.7 million. The following year they garnered the attention of Apple Computer, Inc., which purchased a 19 percent stake in Adobe and began packaging PostScript with its LaserWriter printer, helping Apple's MacIntosh storm the market as the leading computer for graphic design. In 1986 Adobe partnered with Texas Instruments, Inc., to incorporate PostScript applications into two of its laser printers, which were the first to offer PostScript capabilities to IBM–compatible personal computers.
As a result of the quick success, Adobe expanded rapidly; staff numbers doubled from 27 to 54 between 1984 and 1985 (and would swell to 3,000 by 2001). By the end of 1986, PostScript had become an invaluable tool for simplifying desktop publishing and reducing costs from the traditional methods of typesetting. Not only did advertising agencies flock to PostScript, but also businesses, corporations, and even the federal government began creating in–house materials that would have been previously farmed out at an increased cost to a printing service.
1972: Hired by Xerox Palo Alto Research Center.
1980: Became manager of Xerox's Imaging Sciences Laboratory.
1982: Quit Xerox to co–found Adobe Systems, Inc. with John Warnock; became co–chairman and president.
1983: Introduced Adobe PostScript.
1986: Adobe went public, completing an initial stock offering.
1987: Introduced Adobe Illustrator and Adobe Type Library.
1992: Kidnapped and held for ransom for five days.
1993: Introduced Adobe Acrobat.
1994: Acquired Aldus, owner of PhotoShop and PageMaker.
1999: Introduced GoLive to compete with Quark Xpress.
2000: Retired as president; retained co–chairmanship.
2001: Revenues for fiscal year exceeded $1.2 billion.
After the initial introduction of PostScript technology, there was a mad rush to develop complementary applications and uses. Within the first few years, over 15,000 applications were developed. Adobe provided the additional innovation of "Type I fonts" that further increased the range of PostScript uses: Type I could supply fonts in digital form at any resolution. This led to the creation of some 15,000 typefaces. PostScript was also further developed so that it could be used with mainframes, making it accessible to multi–computer networks. Independent software developers used PostScript to create programs that expanded and simplified a wide variety of graphic design applications for all hardware designs and operating systems.
For the first five years, Geschke and Warnock focused on selling their product to original equipment manufacturers (OEMs), a strategy that proved very successful. With its one blockbuster program, Adobe posted a profit of $3.6 million on $16 million in sales in 1986. The same year, Geschke and Warnock took their company public and began selling stock. Despite its rapid success, Adobe was heavily dependent on Apple for its profits. In 1986, dealings with Apple accounted for 80 percent of Adobe's business. Although Geschke and Warnock began selling their product to IBM, the bulk of their business lay with Apple. Retail sales accounted for a small portion of Adobe's income. However, in 1987, Adobe moved into the retail market with the introduction of Adobe Illustrator, a program able to produce high–quality line drawings. Illustrator was a big hit with graphic designers and technical illustrators.
rest at link
https://www.encyclopedia.com/education/economics-magazines/geschke-charles-m
https://www.secform4.com/insider-trading/796343.htm
taken from them, not cashing out. Removed from them