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Market Tensions Mount: Canada, Crude, Copper, Small-Caps, & Credit
And once again - the hint of central bank action is all that matters as everything smashes higher (from bond yields to stocks and crude) on yet another leaked ECB QE headline... so the three words that everyone dreads hearing tomorrow are...
While today's big move in stocks was on ECB QE trial balloon headlines... which hit at around 0935ET
And as is clear, cash indices were stick-saved - but notice Small-Caps could not escape the scene of the ECB headlines crime... off the lows as the ECB headline hit...
But look at what happened in EURUSD around the headlines... priced in?
Canada's surprise rate cut was perhaps the most un-priced-in... pushing the Loonie to its weakest since Q1 2009..
But overall, the US Dollar ended the day flat (pulled higher by CAD weakness and lower by modest EUR strength)
The question is - when will this convergence occur? And which will move the most ST rates or FX)
Treasury yields were extremely volatile today with 30Y breaking to new record lows before spiking 10bps higher intraday to close modestly lower in yield). 2s30s flattened further...
Despite TSY yields being down 20-30bps from the Dec FOMC, stocks continue to find support there...
But once again today, Financials were today's laggards and energy stocks the leaders...
and in a crrious case of deja deja deja deja vu, energy stocks squeezed higher on 'hope' that this time is different - but energy credit pushed to new record wides...
Despite hopeful statements of the precious metals demise, gold closed the the day unchanged, silver up over 1%, as copper and crude pushed higher after ECB headlines hit...
Copper can't break away from the China crash ledge...
Crude was smacked around by various headlines from Davos, OPEC, Saudi Aramco, and Oman today...
Charts: Bloomberg
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EU bond purchases of $58 Billion Euro per month to the rescue!
More debt! More rabbits out of hats! More Rainbows! BTFATH!
Even WSJ goes full CNBS retard with "NFLX to $500!":
http://blogs.wsj.com/moneybeat/2015/01/21/five-reasons-netflix-stock-cou...
Memo to everyone else: fudge that accounting, it pay$ big
dont forget is a currncy war - race to the bottom
and russia alread win when they kill ruble in december
chf was loosing last week
lets see if eu can. its that why greeks election matter no more and party in davos?
Wall St. traders 'night terrors' usually involve Willy Wonka &/or Judge Smails.
"You'll get nothing, and like it!"
https://www.youtube.com/watch?v=gcJjlL3izVc
"Well, the world needs ditch-diggers too."
https://www.youtube.com/watch?v=eiRGRvE_Wqg
SiLvEr BiTcHeZ!
Gold and silver both broke higher today in Canada after the rate cut. They are both headed much higher in the Cando (loonies).
Just a matter of time before the USD is devalued again against PM's.
Hey fuu. Maddy's doin' fine!
???
We got tensions up in here! Looks like it's time to double down on moar QE!
and all this is is Silver and Gold bullish of course.
so look for them to fall!
http://www.livecharts.co.uk/MarketCharts/silver.php
or not.
Death TO THE MONEYCHANGERS.
Barry spiked the football and did the Ickey shuffle last night, must mean its all good right?
MISSION ACCOMPLISHED
No question about what the ECB and Mario will do at least in my mind...MOAR and if that's not enough, then they will do something a little different...A lot MOAR.
One trick ponies, although they would like eveyone to think differently.
They are not the masters of the universe, shits getting wobbly.
I really do think there will be more than mear fleash wounds in 2015. Some serious bleeding is on the way and this cast of fucking clowns can't keep holding "it" together.
Just my opinion.
germany sez not so fast, friend
Mario is not making the decision, if he was, this would've happened long ago. Do your math based on Germany's opinion, not Mario's.
You're welcome for informing you.
"until it isn't" ...seems to be coming into focus...
FR outta bullets
BOJ outta bullets
ECB .....??
Federal reserve hasnt even started yet, they still have zirp, NIRP, and could easily print another 5 T
OT....five stars for the recent ZH youtubes...OMG...top notch!!! Short, concise and funny as FUCK. Bravo...
Still laughing at..."and its gone" ahahahaha
went out short an assload of SPY puts... probably means we open up huge
Try SCO after the next short squeeze...
Me too, long dated and very low. Triple digits of them.
OT:
WASHINGTON (AP) -- "Senate Democratic Leader Harry Reid's office says he will undergo surgery on his right eye next week following an injury sustained in an exercise accident on New Year's Day".
If ever a scalpel should slip...
I have to wonder what that intern he slipped off of thinks about being referred to as a piece of exercise equipment.
It was Billy, and after recreating Midnight Express for the 309th time for the Senator, he'd finally had enough!
Remember from the news yesterday the story about a 9 million dollar mansion going up in smoke? There's more to the story...
"An extremely sad story today out of Annapolis, Maryland as we learn of the apparent deaths of Mr. Don Pyle and his wife Sandra and 4 of their grand children after what is now being called a 'suspicious fire' broke out at their $9 million dollar waterfront mansion called 'The Castle.' This sad story has suddenly taken a 'conspiratorial' turn after it was learned that Mr. Pyle was the Chief Operating Officer of Science Logic, a company that monitors the online networks of both the FBI and the Department of Defense."
http://www.allnewspipeline.com/Pentagon_Security_Expert_Killed.php
Sadly enough, just another domino perhaps. If there are any legs to this one would assume the grandkids were just collateral damage, meaning the heartless fucks that pulled this off could not even be bothered to make sure they were not around at the time.
Like they care...just more fuel to be used as a warning to others....the rotten scum.
"he wanted to spend more time with his family."
Have trouble understanding why significant information from our beloved bankers, including planned leaks and FOMC releases, can’t be made outside of trading hours of the largest volume exchanges. Realize that futures trade overnight and money, like rust, never sleeps, but c’mon, 9:35 for a “surprise” ECB balloon after a negative blurb the prior day ? No question more stop orders on books from 9-4 than other times. Damping knee-jerk volatility, as well as subduing opportunities for scofflaws to poach, would seem to be obvious goals, but of course I’m asking our financial leaders to think deeply and broadly, and we can’t have them hurting themselves so early in the morning before a day of planned mayhem.
All these graphs showing massive changes need a zero referenced graph next to them to give scale.
Retail sales increase by 200%.
Well one corner shop sells three pints of milk instead of one,
Moar QE = Good News + Higher stawks.
Where the fuck did this kind of Full Retard thinking ever get started? What utter bullshit....
Yep, everybody knows the party is about to end, but moar shooters just arrived at the table so PARTY ON for now!
THE CANADIAN CENTRAL BANK IS QUITE SIMPLE TO DISCERN; THE FIVE MAJOR CANDIAN BANKS, AN OGLIOPOLY (ROYAL BANK, TD-CANAADA TRUST, CIBC, SCOTIA BANK ANDTHE BANK OF MONTREAL COMPLAIN ABOUT THIER MORTGAGE SPREADS AND THEIR GOVERNMENT SERVANTS GIVE THEM A .25 DECREASE IN THEIR SPREAD, EVEN THOUGH THE CANDADIAN DOLLAR IS DEPRECIATING SUDDENLY) THAT DOES WHAT IT WANTS.
PATHETIC.
Banks will need it to help absorb the trillions in losses coming their way from Canada's crashed oil and gas, real estate, retail, and eventually, financial services sector.
How anybody in the US can hope that ECB QE will make the DOW and the S&P go up simply baffles me.
I dunno....lotta people believe in magic and faires and shit here. Personally I don't know WTF to expect, stawks may be up 5% or down that much tomorrow....nothing's shocking anymore.
Yep. Billions believe in some kind of god and in a fat man in a red and white suit who brings toys to the good little girls and boys, so why not believe in QE over there helping stawks over here?
Why not?
Wait, what???????
Santa's not real???????
Next thing you know someone's going to say the Yellen put's not real either
expect more bullshit and jaw boning from that pasta slurping, chianti swilling, ex-goldman, ex-central bank presidnt, pile of shit.
"stawks may be up 5% or down 0.5% tomorrow." Corrected it for you.
Look who aligns himself with Bibi :
http://www.westernjournalism.com/afront-obama-boehner-invites-netanyahu-...
He is the only man who can unify Congress...
http://mondoweiss.net/wp-content/uploads/2015/01/1522252759.jpg
"When things get real, they get real." Better just to acknowledge it (reality) in my view.
This is not a surprise...been true for so long its amazing anyone can even think differently. But a war is still a war..and the two things you can say about a war is "they will be fought" and "they last forever.". This one especially.
Of course lest we forget there is Ukraine, Libya 3.0 and methinks Libya too.
If the dollar had failed none of this would be possible interestingly.
Of course nothing surprises me less than all the inflation in our "deflation."
TIS BUT A FLESH WOUND!
I AM THE BLACK KNIGHT I ALWAYS WIN!
Exceptionally efficient and bullish and stable.
Fuck the system! I'm so fucking pissed at these morons in Brussels and Washington. We need another Ghandi. If he does not arise soon, then blood in the streets is what all this will end in.
Before the end of May the Shit will hit the Fan. This May that is.
Ghandi? Pffft.
We need another Andrew Jackson.
Canada's surprise rate cut was perhaps the most un-priced-in... pushing the Loonie to its weakest since Q1 2009..
This has everything to do with keeping the realestate bubble going, because when this pops every civil service pension teachers, city employees, federal and provincial gov. employees, all those pensions go bankrupt. They are all heavily invested in commercial realestate.