Anonymous ID: b5f31f Aug. 1, 2019, 7:59 a.m. No.7292869   🗄️.is 🔗kun   >>2873 >>2921 >>2964 >>3251 >>3293 >>3386 >>3416

Morning Market Report

 

A nice big FUCK YOU to the system owners today so far. Up NICELY!!-stick that in your pipe and smoke it baby! Sucks if you are short but you are not "listening" to what you are being told.

Over halfway recovered from the drop during FOMC presser from yesterday. Overall everyone up save the ones who shit the earnings bed. Liking this action much!

Treasury rates on muh 10 year went down quickly upon open, thought it would take a few days but here we are at 1.99x% on the 10 year already. Shit moves quickly and this is going to sting...them. See Cap#3

And the yield curve - wherever you look - is collapsing. This is being portrayed as a massive policy error. Of course they all want higher rates to squeeze out moar spread on everything-not going to get it.

After the Fed Announcement and subsequent drop on the index(s)-which was caused by Powell talking from both sides as they were doing nothing prior to the speech- it's fairly quiet. In commodities markets, the price of crude oil CLU19, -3.09% fell 2.4% to $57 per barrel,

See Cap#4 while gold prices GCQ19, -1.37% retreated 1.7% to $1402 per ounce.

The dollar is continuing it's rise as well. As a carry-over to everything denominated in dollars it is a slow rise in value which, in turn has a slow effect on dollar denominated assets.

This was actually a pretty good presser, just don't ask the system as they HATED it. If you tell everyone what you are going to do then they all load up on that side. That was a typical thing Greenspan, Bernancke and Yellen did.

While not overt about it they certainly told everyone what to expect imo. Unlike the BOE earlier this morning who did not cut rates and opted to keep them at .75%

and to keep asset purchases unchanged, while noting that it is less confident than usual about the outlook for the economy because of Brexit while offering little new insight into the impact of how it would react to a "no deal" outcome.

Since The head of the BOE came from Goldman Sachs via a stint in Canada's dept of finance and was later it's Governor of the Bank of Canada this is no surprise. They also cut growth forecasts as well

 

On a macro level Factory activity contracted across Asia and Europe in July, fueling worries a prolonged U.S.-China trade war and an economic slowdown could tilt the world toward recession, which central banks would have to fight with depleted ammunition.

 

ISM Manufacturing index Decreased to 51.2 in July, The ISM manufacturing index indicated expansion in July. The PMI was at 51.2% in July, down from 51.7% in June. The employment index was at 51.7%, down from 54.5% last month, and the new orders index was at 50.8%, up from 50.0%.

This was below expectations of 51.9%, and suggests manufacturing expanded at a slower pace in July than in June.-ty again bill

 

Weekly unemployment claims have risen, In the week ending July 27, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 8,000 from the previous week's revised level.

The previous week's level was revised up by 1,000 from 206,000 to 207,000. The 4-week moving average was 211,500, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 250 from 213,000 to 213,250.

This is not a good sign even though all the data from the sources for these reports are well past sell-by date regarding the effecacy of being a good metric.

This was higher than the consensus forecast. This entire complex needs a re-work and badly. taken from:https://www.calculatedriskblog.com/2019/08/weekly-initial-unemployment-claims.html? and ty bill for having easy grabs and based statements.

We still have the jobs numbers tomorrow look for July nonfarm payrolls to rise 171,000, while the unemployment rate is forecast to decline to 3.6% from 3.7%. Average hourly earnings are forecast to show a 0.2% rise.

Barclay's is gaslighting about asset bubbles because of the rate cut....REALLY NIGGA??? Like we have not had one for how many years. Go fuck off back to your hole from where you crawled out of. Where was this during the hussein admin??-again fuck off.

 

This was reported last night in here, it's also in notables as well

Jeff Bezos, chairman and chief executive of AMZN, +1.02% sold 968,148 shares worth $1.84 billion, according to filings with the Securities and Exchange Commission.

>>7286647 pb Jeff P. Bezos sold AMZN shares-$1.83b in shares-July 29-31 (BTW is anyone else having issues trying to put anything related to AMZN in here with the spelled out word?? Can only get it in if it's shortened to stock symbol, it took 20 minutes getting that sale in last night and

only went in if the entire spelled out word of AMZN was not used.

BTW he still has 58,142,479 shares to sell in this tranche so this may take a bit of time at the present rate of this first sale.

Part 1/2

Anonymous ID: b5f31f Aug. 1, 2019, 7:59 a.m. No.7292873   🗄️.is 🔗kun   >>2921 >>2964 >>3251 >>3293 >>3386 >>3416

>>7292869

 

Part 2/2

 

Some headlines

Fannie Mae net income falls, seen paying $3.4 billion to U.S. Treasury

Fannie Mae’s net income fell in the second quarter from a year-ago due to losses on its derivatives, while it is expected to pay $3.4 billion in dividends to the U.S. Treasury, the No. 1 U.S. mortgage financing agency said on Thursday.

The agency posted net income of $3.452 billion, compared with $4.457 billion a year ago.

Fannie Mae recorded a loss of $754 million on the fair value of its derivatives, compared with a $229 million gain in the same quarter of 2018.

The Washington-based company attributed the drop in derivative values on falling interest rates.

https://www.reuters.com/article/us-fanniemae-results/fannie-mae-net-income-falls-seen-paying-3-4-billion-to-u-s-treasury-idUSKCN1UR4OT

what this tells pepe is that they have an ASS-ton of interest rate swap derivatives that are not performing due to already mentioned fall in rats. This will only get worse as they all expected rates to rise over time.

 

Search for new IMF head widens to include British candidate

European governments widened their search for a new head of the International Monetary Fund, extending a deadline to 1800 GMT on Thursday so that Britain can put forward a candidate.

EU finance ministers, having failed to reach a consensus, will also hold a series of votes from Friday morning to choose their favorite of six candidates, a French finance ministry official and two other European sources said.

The five declared candidates are: Jeroen Dijsselbloem, the Dutch former head of euro zone finance ministers; Nadia Calvino, the Spanish economy minister; Olli Rehn, the Finnish central bank governor; Mario Centeno, the Portuguese chairman of euro zone finance ministers; and Bulgaria’s World Bank chief executive Kristalina Georgieva.

An as yet unnamed British candidate - who is not expected to be Bank of England governor Mark Carney - will join them.

https://www.reuters.com/article/us-imf-chief/search-for-new-imf-head-widens-to-include-british-candidate-idUSKCN1UR4QB?il=0

'''I'll take NONE of them for $1000 Alex…especially "Diesel Boom"

 

ADM profit plunges as floods, U.S.-China trade war batter grain handler

Global grain trader and food processor Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that disrupted production and transportation.

The Chicago-based company’s performance so far this year represents a sharp reversal of fortunes from last year, when ADM’s profits surged after a drought in Argentina and the U.S.-China trade dispute boosted its trading and oilseed processing businesses.

https://www.reuters.com/article/us-archer-daniels-results/adm-profit-plunges-as-floods-u-s-china-trade-war-batter-grain-handler-idUSKCN1UR4F7

 

Sorry, you’re not getting $125 from the Equifax settlement, FTC says

Payout pool is too full, so FTC urges consumers to get free credit monitoring instead.

Remember that $125 you could have gotten from the Equifax Inc. data-breach settlement? Yeah, never mind.

The Federal Trade Commission announced Wednesday that, due to an overwhelming response, cash payments aren’t going to be anywhere near $125 each, and urged consumers to sign up for the free credit monitoring offered as an alternative.

About 147 million people were affected by the 2017 Equifax EFX, +0.71% breach, but only $31 million was set aside for payments as part of the $700 million settlement, announced last week.

A quick bit of math shows that for everyone to have gotten $125 from that pot, there would have to be only 248,000 claimants.

While the FTC didn’t give a number, they said there were already “an enormous number of claims filed.”

https://www.marketwatch.com/story/sorry-youre-not-getting-125-from-the-equifax-settlement-ftc-says-2019-07-31

https://finance.yahoo.com/quote/%5EDJI?p=^DJI

https://finance.yahoo.com/quote/%5EDJI?p=^DJI

https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/

https://www.dailyfx.com/crude-oil

https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx

Anonymous ID: b5f31f Aug. 1, 2019, 8:08 a.m. No.7292945   🗄️.is 🔗kun

>>7292921

Because no one can make money from them over time. Thought they would prop them for a few days but nope. That is driving money into equity's as they have nowhere else to go. This was mentioned a few meetings ago when they only dropped the Fed Funds rate, said at the time it would only accelerate the yield curve collapse. Well now we see it and you can't hide from it.

Anonymous ID: b5f31f Aug. 1, 2019, 8:15 a.m. No.7293010   🗄️.is 🔗kun

Banking analyst Dick Bove upgrades Wells Fargo: ‘I am convinced that the company will recover’

 

OMG..this guy has always been the perpetual cheer-leader….good luck DICK.

 

Odeon Capital senior banking analyst Dick Bove raised his rating on Wells Fargo to buy from hold, citing the bank’s “enormous financial strength.”

“I am convinced that the company will recover,” said Bove in a note to clients on Thursday.

Wells Fargo has been undergoing a severe restructuring program since 2016, when news that employees at the bank had created millions of fake bank accounts severely damaged the reputation of the bank and drew scrutiny from regulators.

 

Wells Fargo will bounce back, according to Dick Bove, senior banking analyst at Odeon Capital.

 

The firm raised its rating on Wells Fargo to buy from hold, citing the bank’s “enormous financial strength.”

 

“I am convinced that the company will recover,” said Bove in a note to clients on Thursday. “The restructuring is likely to be successful.”

 

Wells Fargo has been undergoing an intense restructuring program since 2016 when news that employees at the bank had created millions of fake bank accounts to meet sales quotas severely damaged the reputation of the bank and drew scrutiny from regulators. Last year, the Federal Reserve capped the bank’s asset growth after Wells Fargo discovered more problems with customer dealings.

 

“Make no mistake, though, the bank is in a great deal of trouble,” Bove said, as he emphasized that Wells Fargo’s problems do not stem from “traditional areas.” However, even with a sizable number of government investigations, Bove said the fines will not be a problem for country’s fourth-largest bank.

 

For Bove, it is not a matter of whether to buy Wells Fargo’s stock, its a matter of when. He notes that earnings may not return to their pre-crisis levels until 2021 due to the restructuring efforts.

 

“While the timing of the upside is in question, I am no longer willing to try to guess at the optimum time to get in,” said Bove.

Shares of Wells Fargo are down more than 15% over the past 12 months, but have rebounded slightly this year up 5% since January.

 

Last month, shares of Wells Fargo fell as management warned of higher expenses through 2020, despite beating on the top and bottom lines of its quarterly earnings.

https://www.cnbc.com/2019/08/01/banking-analyst-dick-bove-upgrades-wells-fargo-i-am-convinced-that-the-company-will-recover.html

Anonymous ID: b5f31f Aug. 1, 2019, 8:47 a.m. No.7293372   🗄️.is 🔗kun

Houlihan Lokey had $154.06m in shares sold by a former 10% owner ( ORIX HLHZ Holding LLC)-July 30

 

Houlihan Lokey, Inc. is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company provides financial professionals with an integrated platform that enables them to deliver advice to its clients. The Corporate Finance activities include two categories: M&A and capital markets advisory. The Financial Advisory Services segment includes financial opinions, and a range of valuation and financial consulting services in the United States. It also provides strategic consulting services to clients. The Financial Restructuring segment provides advice to debtors and creditors.

 

Number of employees : 1 228 people.

https://www.marketscreener.com/HOULIHAN-LOKEY-INC-23332226/company/

 

ORIX HLHZ Holding LLC

 

ORIX Real Estate Americas is a fully-integrated commercial real estate finance, asset management, and investment company. We have invested in, and hold on our balance sheet, a wide variety of loans and securities backed by both traditional and specialized property types, such as self storage, hospitality, healthcare, and student housing facilities among others. We invest across all levels of the capital structure from rated securities to first loss positions. Whether we are originating first lien or mezzanine debt or providing joint venture equity capital for new acquisitions or construction, our expert team will creatively structure and customize a financing arrangement to meet your needs.

https://www.orix.com/capital-solution/real-estate/