tyb
Market Report-22720
Take this drop in the overall context of where this market was prior to POTUS being sworn in. The system threw $29t of shitty debt at this market starting with the initial bailout of 2008-$750b. It was put on steroids in 2012 with a staggering $29t of High Yield debt that was forced in the open spigot via the Federal Reserve. Places like Blackstone, Blackrock, Fidelity, Vanguard and a host of hedge funds and "investors" all had an open door at the FRB to facilitate this rise.
Every index was well over the daily average volume except the SP500-this is telling you something on a day like today…are you listening? please do your own research and make your own decisions. Anyone following free advice will soon realize it's worth every penny.
Trust your POTUS. Not saying it won't get bumpy but this drop is not much when the overall context of where it came from is considered. Please be careful anons.
Here is a synopsis of the economic news that was released today-it is sourced from several articles-sauce below.
________
The U.S. economy grew moderately in the fourth quarter, the government confirmed, and is facing a bumpy road in early 2020 amid the fast-spreading coronavirus that has left financial markets fearing a recession. Though other data on Thursday suggested some stabilizing in business investment in January and the labor market remained solid, that failed to calm jittery investors. Wall Street's main indexes dropped for the sixth straight session and slid into correction territory. The yield on the 10-year U.S. Treasury note touched an all-time low for the third consecutive day.- See Cap#3
Though there is so far no real evidence that the coronavirus epidemic is impacting the U.S. economy, economists expect the struggling manufacturing sector to take a hit through supply chain disruptions and exports-so the "experts" are telling you one thing but you are seeing another.
Business investment fell at a steeper 2.3% rate in the fourth quarter, instead of the previously reported 1.5% pace. It was the third straight quarterly decline and the longest such stretch since 2009. There were downward revisions last quarter to spending on equipment, mostly light trucks. Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, slowed to a 1.7% pace in the fourth quarter, instead of the previously reported 1.8% rate. A strong rebound is unlikely, especially if the stock market rout spreads to the labor market. A separate report on Thursday showed applications for unemployment benefits increased 8,000 to 219,000 last week, though the underlying trend remained consistent with solid labor market conditions. Oil prices tumbled for a fifth day on Thursday to their lowest in more than a year. The crude market is watching for possible deeper output cuts by the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, set to meet in Vienna on March 5-6. The group is currently reducing supply by roughly 1.2 million bpd to support prices. Margins for producing distillates <HOc1-CLc1– heating oil, diesel fuel and jet fuel – have hit their lowest levels since 2017 due to fears of reduced demand. Saudi Arabia, the world's top oil exporter, is reducing crude supplies to China in March by at least 500,000 barrels per day
No better example to show that the bond/debt market controls interest rates-FUGLY
Tailing 7Y Auction Prices At Lowest Yield In 7 Years
https://www.zerohedge.com/markets/tailing-7y-auction-prices-lowest-yield-7-years
See Cap#4 for the CME Fedwatch for rate cut probabilities for July meeting-they are now showing a slightly less than 10% (8.4) for a cut of .50-75 basis points. The FOMC does NOT set interest rates-they take the lead from the bond market and they have already spoken.
https://www.marketwatch.com/investing/bond/tmubmusd10y
https://finance.yahoo.com/quote/%5EIXIC
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
https://www.marketscreener.com/news/U-S-economy-grows-steadily-in-fourth-quarter-but-coronavirus-looms-large–30074676/
https://www.sharenet.co.za/views/views-article.php?views-article=308915
>and to the absolute raging faggot that keeps making buy calls from monday…-how did that work out for you?-there are plenty of places to have those discussions and this is not one of them. You are 0 for 10 so STFU.
sure there was. Won't know about it until later. Blackrock had this yesterday 9Cap) so this is going to hurt. The treasury's also. The problem with the margin calls is that those start and it will trigger many moar-leading back to Deutsche Bank eventually. They know this so I would imagine some lights on in the upper floors of lower manhattan tonight and going forward.
ty anon. appreciate that too.
Wells Fargo to Pay $35 Million in SEC Case Tied to ETF Sales
Wells Fargo & Co. units will pay a $35 million to settle U.S. regulators allegations that they failed to adequately supervise brokers who sold inverse exchange traded funds to clients.
The Wells Fargo brokers did not fully understand the risk of losses these products posed to customers, the Securities and Exchange Commission said in a Thursday statement.
https://www.bloomberg.com//news/articles/2020-02-27/wells-fargo-to-pay-35-million-in-sec-case-tied-to-etf-sales
they make this in an hour with the shit they pull…
the system loads up the suckers in the etf's and then shanks the rug on them on a daily-basis. Please read the prospectus for the majority of these "products"-they rarely contain any under-lying ties to the assets they are supposedly tracking
ty anon. something had to be said from the spergs this morning.
ec447a (32)
You are disingenuous at best. Free-speech? really nigga?? Just what "speech" do you think you are delivering with 32 posts of PURE shit?
>>8267697 Boatfag report
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chek't
you are a riot with your holier than thou bullshit. Don't even know what shiva represents
slow faggot fuck off