==wait for the dough no matter what
tyb
US Market Report
anons habby with changes from last night edition,and so are my hands-kek!
Stocks were down to flat until the NYFRB President Williams said this "the Fed’s wisest strategy is to cut interest rates at the first sign of economic distress when interest rates are already low". Now there is something I would NEVER have expected..and coming from the NYFRB too. Expected this moar from the
Boston FRB to be honest. Stocks rebounded, and bond yields slipped-Cap#3 as did the U.S. dollar in the wake of what investors saw as confirmation of an interest cut at the Fed’s next policy meeting later this month.
CME Fed Watch Futures have swapped positions as now there is a 70% chance of a larger than .25 cut…TY Mr. Williams at the NYFRB!- did not know you had it in you.
Today is the last day for the dog and pony show speeches as they are embargoed from giving any public comments relating to policy until the July 31st FOMC meetings begin.
To date, about 12% of S&P 500 index companies have reported quarterly results this earnings season and 84% have reported better-than-expected earnings, according to FactSet data. Munchkins is in france at G-7 finance minister's meetings (the one where Jerome Powell spoke earlier in the week). He has nothing new to say imo…just trotting out the same tired,old bullshit.
Morgan Stanley MS, +1.49% shares rose after the bank reported second-quarter revenue and sales in the second quarter that fell less than analysts had expected but its
results showed the steepest slide in trading revenue among major Wall Street banks. And it's up because they said they are going to buy an ASS-ton of it's stock again. This a result of the stress tests earlier in the month. Increasing dividends also…a good thing but all you need to do is look at who the big holders are of these places to see who benefits the most.
Keep in mind that the NASDAQ closed with a good gain DESPITE NFLX shittiing the bed. This is important to note as when one does bad, earnings-wise the lot of them tend to get sold.
Meanwhile, Netflix Inc.’s NFLX, -10.27% downbeat subscription results reported Wednesday night also weakened sentiment, after the streaming video giant said it lost 126,000 subscribers in the U.S. in the second quarter, the first such loss since 2011.
BTW this sucker should have been shut off once it went over -10%, none of them have and this is in direct conflict to the actual rules as stated by all the exchanges. They all have variations of what triggers it but NASDAQ's rules are fairly simple. If it spends X amount of time above a threshold, say -10% they should be shut-off. Did not habben with twatter, Facebook or any of them when it habbened to them…HELLO SEC!????
People are abandoning NFLX is droves because the truth about it's content is now laid bare for all to see. As mentioned yesterday they refuse to report what it costs to acquire subscribers (SAC) Sub Acquisition Costs.
They got rid of that several years ago. It used to in the high $30 range and went down a bit, but as it rose they decided they did not like the results so out it went. pepe actually did a contract job for them in very early days when it was a small place and nowhere near what it is today. Was nothing major just some operational stuff pertaining to building permits and layouts. So he knows this one rather well.
Oil shit the bed on Rand Paul announcement that Iran would offer nuclear deal if sanctions lifted. Yeaaaa no sorry, negotiating with the wrong people for that and either way the real people behind that would just lie again and we would be right here again soon. It is at $55.65 and looking for support at that level.
Our little yellow friend Gold is back up at 6 year highs and silver is nicely above $16. In fact, GOLD took off like hussein heading towards a bath house and it has stabalized just under $1450-….! See cap#4
Silver is now NICELY at $16.305 which is just under the the selling price so they are trying to contain it with paper shorts. EXPECT SOME SMACKDOWNS HERE AS THEY ALWAYS DO THIS AT BREAKOUT POINTS. I FULLY EXPECT THEM NOW.
We are 'due' for some in both..overdue in fact.
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.kitco.com/charts/livegold.html
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
the NYFRB pres. made very favorable comments which caused those reactions. Almost as if on cue imo. There are good people at the FRB so not all bad. Just not enough of them
Best Buy Founder and Former Chair sold $7.45m in shares-July 16-17
Best Buy Company specializes in retail distribution of consumer electronic products and entertainment products. The group provides primarily computing products (computers, peripherals, software), hi-fi products (televisions, DVD players, etc.), cameras, mobile phones, audio systems and home appliances (washers, refrigerators, etc.). Net sales break down by area of activity as follows:
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the United States (92%): activity insured, at the end of January 2018, through a network of 1,293 stores distributed by names between Best Buy (1,008), Best Buy Mobile (257) and Pacific Sales (28);
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Canada (7.4%): 185 stores distributed between Best Buy (134) and Best Buy Mobile (51);
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other (0.7%).
Products are also marketed through Websites (primarily Bestbuy.com, BestBuyMobile.com, GeekSquad.com, MagnoliaAV.com, PacificSales.com, Speakeasy.net and FutureShop.ca).
Number of employees : 125 000 people.
https://www.marketscreener.com/BEST-BUY-COMPANY-11778/company/
https://www.secform4.com/insider-trading/764478.htm