tyb, nice snipage too
US Market Report
The three major U.S. stock indexes were in the red, pressured by consumer discretionary and technology stocks. apple earnings are due in a few minutes, they always make people wait.
Some analyst chatter out during the day: Pfizer Inc’s stock dropped 6.6%, weighing the most on the healthcare index, after brokers downgraded the stock following the drugmaker’s announcement on Monday that it would spin off its Upjohn unit and merge it with Mylan.
Merck & Co Inc edged higher after reporting better-than-expected second-quarter results and raising its full-year earnings forecast.
Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.72-to-1 ratio favored advancers.
U.S. Treasury yields came off session lows on Tuesday (See Cap#3) after investors saw additional signs of strength in the U.S. economy, with healthy consumer spending and consumer confidence indicators reported.
The two-day Federal Reserve meeting also kicked off, with investors expecting at least a 25 basis point interest rate cut from the U.S. central bank.
Irish government bonds softened up amid growing questions over what a no-deal Brexit would mean for the border between Northern Ireland and the Republic of Ireland.
What else is on investors’ radar?
Most will look towards the all-important U.S. monthly jobs report at the end of the week. Muh "academics' expect about 160k jobs for friday's report.
As trade talks between the world’s two biggest economies resumed in Shanghai on Tuesday, Trump warned China against trying to wait out his first term in office to finalize a deal.
Commerce Department data showed U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and bolstering the case for monetary easing.
The Conference Board’s indicator of consumer confidence for July jumped to 135.7 from a previous 124.3 in June-remember much of this is credit so take it with a grain of salt, it's a survey too.
The BOJ declined to lower rates, however they don't have much room either way so not a surprise. The usual rhetoric about "waiting to see etc".
Seeing how they own over 50% of the ETF and equity markets they are trapped to say the least. Thanks Kuroda and Aso you spergs!!
The CME Fed Watch Futures are at this level now: 78.1% for .25bps cut and 21.9% for larger. This has been steady for about 10 days now +/- a few points either way.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
Now on to Commodity's, Silver kicking some paper ASS today and looks realy good here. The expected dumps have not materialzed as they have in the past. Save a small attempt yesterday morning that
was quickly bought and it had a v-bottom and marched upwards from taht bottom. A good sign that traders (it's still paper so keep taht in mind) have less of an itchy trigger finger on this. In the past
any sign of weakness was sold INSTANTLY and that beget moar selling-feedback loop that the COMEX idiots counted on. That seems to be gone for now. See comments in Cap#4
Oil is covered in part two today with a good article discussing the reality of over-supply and why prices should have dropped. They will as soon as this speculators get reigned in.
When that habbens is anyone's guess. Here is where to see the Open interest for COMEX silver: https://ycharts.com/indicators/comex_silver_futures_open_interest
Thye also have link for another metric called the COT or Committment of Traders report however it is a useless one as in the past it has portrayed many millions of OZ's being moved yet no one has ever been able to see
any evidence of this. you'd think a picture would have been snapped by now. This goes back t JPM getting a vault on a fast-track application process. This report is and has always been garbage yet it exists.
from 2018
Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver”
https://news.goldcore.com/ie/gold-blog/silver-prices-physical-silver/
This is the result of muh silver legacy short position being handed off the them by allowing Bear Stearns to implode. The good assets, whatever they had, were then carved up and the bad ones were taken on by the FRB in the Maiden Lane transactions.
These were set up specifically to deal with Bear Stearns, AIG and it's CDS (Credit Default Swap-i.e taking out an insurane policy on your neighbors house and setting in on fire) 'issues'.
The name Maiden Lane was taken from a street which runs beside New York Federal Reserve in Manhattan: see here- https://www.federalreserve.gov/regreform/reform-bearstearns.htm
part 1 of 2
part 2 of 2
See Cap#5 on previous page
With the lack on conviction (trading-wise) in the oil price rise lately this is a good piece that explains the over-supply and the huge glut everyone has.
This is why the rise in oil prices is ridiculous when they get to the tech points. This needs an investigation BADLY. The writer's at this site do an excellent job without bullshit like many of the MSM sites.
A Ticking Time Bomb For Oil Markets
Crude oil in floating and onshore storage in Iran has exceeded 110 million barrels, French energy data analysts Kpler reported this week, noting the number of barrels in floating storage specifically had increased almost twofold over the last two months.
Oil in floating storage reached 56 million barrels, Kpler said, as exports continued to slide, falling to 417,000 bpd in July from 532,000 bpd in June. Oil in onshore storage stood at 55.5 million barrels at the start of this week.
This is up by 11 million barrels since the middle of May, shortly before the expiration of the sanction waivers. Onshore inventories will likely continue to rise steadily as floating storage is running near capacity.
Meanwhile, Iranian oil is also pushing Chinese stockpiles higher. From 3.2 million barrels in mid-June, China’s strategic petroleum reserve in the northeastern province of Liaoning has reached 6 million barrels to date.
So, there’s more than 110 million barrels of crude in storage, ready to flow and push prices lower. Since the chance of the United States suddenly reconsidering its stance on Iran is non-existent, this amount will only continue to rise.
rest at link
https://oilprice.com/Energy/Crude-Oil/A-Ticking-Time-Bomb-For-Oil-Markets.html
factual statements about the markets are taken from many articles, too many too list and then summarized by your pepe.
In some cases an entire sentence is used as it appeared.
https://www.dailyfx.com/crude-oil
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.kitco.com/charts/livesilver.html
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
Interpublic Grp. CEO/ Chair sold $9.96m in shares-July 29
Interpublic Group is a world leader in publicity and marketing services. The group designs and executes publicity campaigns and supplies consulting, media space purchasing, strategic planning, direct marketing, public relations, institutional communication, and other services. Net sales break down by activity network as follows:
-
integrated agency network (75.9%): Draftfcb, Lowe, McCann, Campbell-Ewald, Hill Holliday, etc.;
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specialized agency network (22.2%): primarily Weber Shandwick, FutureBrand, DeVries, GolinHarris, Jack Morton and Octagon Worldwide;
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other (1.9%).
Net sales break down geographically as follows: the United States (60.2%), the United Kingdom (9.1%), Europe (8.6%), Asia/Pacific (12%), Latin America (4%) and other (6.1%).
Number of employees : 50 200 people.
https://www.marketscreener.com/INTERPUBLIC-GROUP-13096/company/
https://www.finviz.com/insidertrading.ashx?oc=1205871&tc=2&b=2
Interpublic : Industry Leading Public Relations, Entertainment Communications and Brand Marketing Agencies Rogers & Cowan and PMK*BNC to Merge
Rogers & Cowan and PMK*BNC have a rich and storied history and became the two largest and most successful media relations and brand marketing firms in Hollywood. Today, these industry leading agencies are merging and bringing together a powerful client roster of more than 500 of the most prominent and influential actors, musicians, producers, directors, content creators and athletes in the world, as well as over 30 major brands, to form the preeminent integrated marketing and communications agency in global entertainment.
https://www.marketscreener.com/INTERPUBLIC-GROUP-13096/news/Interpublic-Industry-Leading-Public-Relations-Entertainment-Communications-and-Brand-Marketing-Ag-28982103/
I can think of no other business that is as useless as this one.
fuck-off asshole. It's asked for and your "boy" gets walking over it.
And yes that IS how it works
Know who you are faggot.
Right. And you and your faggot friends do this all the time. Run it fucker, can't be that quick right.?
how quickly we run away when proven wrong
fucking sellout POS.
That's how this works cumstain. Stick that in your fucking pipe and smoke it.
check the list. and have a nice day