tyb
S&P Scores Longest Streak Of Record Highs Since 1998
The S&P 500 has made 8 record intraday highs in a row - that is the longest streak since March 1998 (when the S&P managed 14 days of record intraday highs in a row)Friday saw a massive inflow of funds into SPY - the largest S&P 500 ETF - the biggest inflow since Dec 2014. Additionally, Nasdaq up 9 days in a row - the longest streak of gains since July 2017…now the most overbought since Jan 2018…Of course, much of this is helped by the sudden massive burst of Fed liquidity provided to ensure the repocalypse doesn't happen into year-end. What few remember is that The Fed has done this before - in 1999/2000, The Fed announced special funding facilities because of fears surrounding the Y2K roll… and we know what happened right after that facility was lifted…Chinese stocks had an ugly session, extending Friday's losses. European markets were mixed with FTSE higher and Italy lower…
US markets were higher today early on, led by Dow Industrials (which lifted on Boeing's gains), but faded broadly into the close. Boeing's CEO is fired and the stocks jumps 3%, adding 60-plus points to The Dow.
It was up this much in pre-market…just after the trading halt lifted prior to cash open.
Overall volume was around 30% below average.
That has been poor all year so nothing newsworthy there.
Tesla stocks topped $420… but bonds ain't buying it. After the expiration chaos at the open on Friday, VIX has gone higher along with stocks. Treasury yields were uniformly 1-2bps higher. With a weak 2Y auction bid-to-cover, and 30Y pushed gently up to last week's yield resistance.
Bond speculators added to their shorts last week, pushing back near record shorts; and at the same time, eurodollar futures specs slashed their speculative positions by the largest amount in history… (reducing rate-cutting bets by the most on record).
Silver ripped higher on the day, and Gold gained as copper and crude eked out tiny gains.
https://www.zerohedge.com/markets/sp-scores-longest-streak-record-highs-1998
that's been a pattern for long time. Oil/gold is the one to watch-but even that is out of context. Petr-dollar being removed.
don't get yer tits in a bind anon. Not everyone follows the same way. That's why we have this place.
Walmart Executive VP sold $10.24m in shares-Dec 20
although this is below the usual 10% threshold of shares sold-noted as it has only been the Walmart family (10% owners or director's) and 2-3 others. Certainly none of this size ($-wise) on the officer side. See cap#2 for total sales since Dec 2009.
https://www.finviz.com/insidertrading.ashx?oc=1684616&tc=7&b=2
https://www.secform4.com/insider-trading/104169.htm
San Francisco Blows $94 Million This Year In Failed War On Human Excrement
Despite spending over $94 million - or around $257k per day this year, San Francisco is still a needle-infested, poo-covered, failed experiment in tolerance that continues to scare major conferences and their tourist dollars away from the city's $9 billion-a-year industry. According to the San Francisco Chronicle, "while progress has been made, the effort remains a losing battle," despite paying 'poop patrollers' nearly $200,000 to manage the town's fecal fiasco.
Hilariously, while Mayor London Breed participated in a media blitz in response to software giant Oracle's decision to move their massive annual convention to Las Vegas after two decades in SF, an image of a guy taking a shit in a local Safeway was going viral. Like hepatitis C.
The years of trench warfare between cleanup crews and bad actors was laid out clearly in two images Monday.
The first image was of Mayor London Breed flanked by city, civic and tourist industry leaders standing together in front of the giant Christmas tree at Union Square. The intent was to reassure tourists that the city is taking seriously concerns about its squalid streets and people behaving badly.
While that was happening an image of a man with his pants around his knees defecating in a Marina Safeway aisle was rocketing around the internet and TV. -SF Chronicle
@LondonBreed here’s a pic of a man on drugs taking a poo in aisle 10 of @Safeway Marina Sunday morning in #SF. Why is this okay? @KTVU @kpix @kron @KGOdesk @sfchronicle pic.twitter.com/4ef4S6Qs8n
— Deborah Kan (@debkhk) December 15, 2019
"We don’t want Oracle to be the beginning of a trend," said SF Travel CEO Joe D'Alessandro, adding: "If that becomes the case, San Francisco will be in for some very tough times."
D’Alessandro noted that 33% of the 1,282 tourists questioned in a survey this year commissioned by agency cited homelessness and dirty streets as the least attractive aspects of visiting the city. Other dings against San Francisco — traffic and parking came in second, at 29%, and the high cost of visiting the city was third, at 13%.
That said, the survey, which was done by market researchers Destination Analysts over a 10-month period, found that despite the homelessness, dirty streets and expense, 97% of the hotel visitors said that they are likely to return to San Francisco. -SF Chronicle
"Do people love or hate San Francisco? Well, it’s really both," D'Alessandro opined. "What concerns us is that convention planners are a much more selective breed. Our street conditions and costs could tip the destination selection to somewhere else that doesn’t have these same issues, and we could lose significantly."
https://www.zerohedge.com/political/san-francisco-blows-94-million-failed-war-poo
D'Alessandro……………
I'll take all of it for $1000