o7
US Market Report
Not a very good close on muh stock market today. All the geo-political stuff just thrown at it. Remember there used to be a time
when all muh 'good news' got thrown at it on a friday, now the system decides it wants to play the opposite. The Fed sends a "signal"
that it will cut rates only .25% and viola! that sends it all down an hour before the close. Nevermind that the CME Fed watch has been on a roller-coaster ride, and last night it
showed a heavy bias towards larger than .25% rate cut. The two black lines are where both news items hit and sent it down. Was good until then...winsome..lose some. That is how this game played-ALWAYS.
BTW YOU ARE NOT SUPPOSED TO BE TALKING ABOUT THIS AS YOUR EMBARGO STARTED EARLY THIS MORNING at 12amEST-POTUS...CALL THIS SHIT OUT!!!!
Stocks were up nicely as futures showed but then the iranian headline, and the FRB saying it's only going to do .25%. This news was known prior as the sell-off started
prior to any 'official' news release, at least one that anyone living in this world can access. So you had fairly decent rise that
was cut-off by these headlines. It also affected oil prices as well. Gee who'd thought this?! another 'event' that causes the prices of oil to rise
when it was basically on life-support on the long side. American Express (who has seen several key executives sell stock recently) had an earnings 'beat
but produced poor guidance going forward. It was responsible for the largest part of the SPDR financial index's loss today, stock down roughly 2.6%.
AXP recent selling here:https://www.secform4.com/insider-trading/4962.htm
The 10-year Treasury note yield +1.27% was up 0.9 basis point to 2.048%, paring back its weeklong fall to 5.8 basis points. Of course on a Friday no less!
Don't want to talk about that over the weekend do ya?-See Cap#3. Gold at $1425 and Dr. Shelton tweeting about it keeps it on the radar which is what we need to raise it's profile, Wall Street would rather not talk about it though.
Silver looks good too after a dip from recent highs as well, stays above $16 and it's going to attract much attention. DON'T MISS THIS ONE: MOAR MANIPULATION HERE THAN GOLD, not $-wise but PAPER-wise.
This is going to SUCK on sunday anoon/evening depending where you are-they CANNOT stop this at all
>>7099400 pb Something Just Broke In China As Repo Rate Soars To 1,000% Overnight
Analyst Apologizes After Downgrade Math Error Sends Stock Tumbling
Consider the following fiasco: on Thursday one day after Stifel Nicolaus analyst Ben Nolan downgraded nat gas company Tellurian from Buy (and $16 PT) to Hold (with a nearly 50% lower price target of $9), which wiped out 13% from the market cap of the Houston-based company, Nolan decided to check his numbers and... found an error.
“After further examination, we have located an error in our calculation of the proposed private equity component of Tellurian’s capital structure,” Nolan disclosed the analysis error in a note titled "Mea Culpa on TELL Share Count", one day after his downgrade triggered the stock's biggest loss since December 2017,
as Nolan said low gas prices would hurt the company’s marketing margins and cash flows. "Subsequently, we are reducing our share count estimate and adjusting our earnings estimates to compensate for the new share count." Oops.
https://www.zerohedge.com/news/2019-07-19/analyst-apologizes-after-downgrade-math-error-sends-stock-tumbling?
==and if you believe that for one second...I have some thngs I would like to sell to you-let's see who was short on that one prior to his "mistake'.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
They make the rules unfortunately and I cannot recall them doing this before. Doesn't mean they have not
Hope POTUS calls this out.
Lauren Family, L.L.C. sold $7.9m in Ralph Lauren Shares- July 17
https://www.secform4.com/insider-trading/1037038.htm
from the last dumpage, Cap#2,#3
Ralph Lauren’s Children Sold More Stock, While the CEO of Guess Is Buying That Stock
Ralph Lauren ’s children continue to sell stock in the company founded by their father, while Guess stock is being snapped up by that company’s new CEO.
Lauren Family LLC, a limited-liability company managed by Ralph Lauren’s three children, established a plan to sell stock this year.
Last month, the LLC sold $7.5 million of stock.
So far in June, it has sold another 71,428 Ralph Lauren (ticker: RL) shares for $8.0 million, or about $112.22 a share.
The sales were made on June 13, according to a form Lauren Family filed with the Securities and Exchange Commission.
The LLC has noted that it could sell up to 1 million of the publicly traded class A Ralph Lauren shares this year.
So far, it has sold 142,856 class A shares. The three managers of Lauren Family are siblings Andrew, David, and Dylan Lauren.
Lauren Family didn’t respond to a request for comment on the latest stock sale.
After a flat 2018, Ralph Lauren stock is up 13.8% so far in 2019 through Friday’s close at $117.78.
Guess stock (GES) is another story in terms of performance. Shares of that apparel maker are down 28.4% year to date through Friday’s close at $14.88, more than erasing last year’s 23% rise.
Those gains in 2018 came despite allegations leveled last year at Guess co-founder Paul Marciano, who remains the company’s chief creative officer and a director.
In January 2019, Guess said it would name Carlos Alberini CEO. Alberini had been Guess’s president and chief operating officer from 2000 to 2010.
Guess stock wasn’t energized by the executive change, and in early May it began a slide that would take it to near a two-year low.
https://www.barrons.com/articles/ralph-lauren-children-sell-stock-51561138290
get 'em CG
I agree as a rising tide lifts all boats, usually that does not work over a long term period(moar than 10 years) as the FRB needs it's inflation and boom/bust cycles. It's not a big drop but they broke own rules as I understand them and should be called out for it.
NONE SHALL PASS…NOTHING
>AKA Lifshitz. "Born in New York to…"
looking forward to it fren. I wan't the first on that, another had the actual belt and another anon made that for me but still keks every time!