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Yellen Hangover Strikes Stocks, Bonds, Euro, Oil; Banks Bashed, Biotechs Boom
After yesterday's exuberance comes the hangover... (if youi are a dollar short, oil long or buyer of financials)...
But perhaps this best sums up the markets as 'bond' bears wrestle with 'stock' bears as the 'crude oil' dog wags its tail... (cute little things... not!)
Stocks were mixed - The Dow and S&P gave back half yesterday's gains but Nasdaq surged over 5,000 again... Dow loses 18,000
And on the day...
Nasdaq wanted 5,000 so much...
as Biotechs ripped to record-er highs...
nothing odd-looking here at all? And all this as Yellen says they are stretched and over-valued...
Financials gave back all their gains and are unch from FOMC... Healthcare (dominated by Biotechs) is surging...
On thge week, The Dow is lagging (APPL?)
The Dollar roundtripped all its FOMC and flash-crash losses...
As EUR crashed back to earth...
Treasury yields retraced around half their drop from the Fed...
Credit spreads were not as excited as stocks yesterday and HYG caught down to themn today...
The Dollar strenghth was ignored by commodities which re-wurged on the day... (copper up large on Indoniesa production shutdown) - Gold and Silver up nicely on the week...
From The OMC Statement copper and silver are best - note the rip in commodities as US equities opened today
Crude's manic rip was entirely undone...
BTW - Bakkan UHC hit $37...
Charts: Bloomberg
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back and fill. back and fill... DX inching back up to 100.. those who bought Euro yesterday ... well.. maybe going to puke tomorrow quad witching..
http://hedgeaccordingly.com/2015/03/goldman-strengthening-dollar-means-b...
who run bartertown? Janet run bartertown
Here's your latest Yellen balance sheet:
News Headline Summary
US Fed balance sheet liabilities increased to USD 4.458trl in the latest week from USD 4.451trl
http://headlines.ransquawk.com/headlines/us-fed-balance-sheet-liabilitie...
Yaaaay! 5 trillion is not far away!
Ha,Ha...
I started drinking before you did today!
Koala bears FTW!
Koala bears Worst Since LehmanTM
today is proof - the fed is fugged - they have ZERO control over the USD and it will be the wrecking ball of commodities, equities - UUP bases above 26.00 and continues to make new highs - buckle-up & make sure you have plenty of cash (since its not trash) ... took the "strategists" a few quarters to realize higher USD was gonna hit earnings ... just like oil, its about the size of the move & the duration it stays there that matter. from this price action, dollar wants to go higher and that will not be good for commodities, equities.
Errybody scrambling to get their paws on physical FRNs. I think that was going to be the signal that the whole charade was about to come to a halt.
Am I correct? Then, the dollar will collapse when the realization hits that "full faith and credit" is full of something, alright.
You got it. All of the oligarchs cashing in their stocks for strong dollars coming soon...then to diversify out of the country with more purchasing power... and then let it collapse
One I know is planning on buying Cuba next week.
Just Buy Stock Bitches! It Will NEVER Go Down. Ever.
“Churn! Churn! Churn!” by The Byrds
Watch everything churn, churn, churn
There is a reason, churn, churn, churn:
A complete lack of purpose under Yellen
A time to be short, a time for SPY
A time to spend, a time for cheap
A time for skill, a time to cheat
A time to crash, a time for LEAPS
Sell everything, churn, churn, churn
Don’t need a reason, churn, churn, churn
But leave time for repurchase before Yellen
A time to melt up, a time to break down
A time to advance, a time to abort
A time to castigate shorts
A time to gather loans together
Buy everything, churn, churn, churn
Change with each season, churn, churn, churn
There’s a time for every purchase under Yellen
A time of doves, a time of hawks
A time of whales, a time of sheep
A time you may save face:
A time where every move’s retracing
{guitar break: sparkling arpeggiated proto-jangle}
Don’t hedge a thing, churn, churn, churn
There is no reason, churn, churn, churn
The sine wave serpent, charmed by Yellen
A time to gain, a time to lose
A time to ascend, a time to plateau
A time for doves to hike a rate
For price discovery -- bears swear that it’s too late
The eTrade baby is getting speed wobbles. These wild gyrations are so indicative of an "UNintended consequence"...
yes, but who th fuck has the capital to move the FX "markets" like they did yesterday? something isn't right, even for a fully manipulated "market... Are central banks starting to turn on each other? IMO, that's when shit gets interesting, that or SNAP payments ending, not before...
You're thinking way too small LOP.
Keltner......don't ever stop, you just keep getting better.
Thanks. Just hope that replaying a tune in my head for 24 consecutive hrs each day won't cause permanent damage, just let me know if you notice any strange symptoms...
The XBI is topping out.
Crazy Pills!
>> Crazy Pills!
You've finally come clean?
Who moved the entire f/x market 2%(after close) yesterday, then proceded to buy $usd unabated for 24 hours?
Who was the CB or it's proxy? BIS, EUROCLEAR, Ex-Im doing Boeing Saudi ARAMCO work?
Inquiring minds want to know!
These markets are like when I turn on "hardware acceleration" in FireFox: brief moments of getting stuck, then sudden scrolling off the screen ...
" We should share some ideas. Google> Adblock Edge>click on download>click "ok" box with Firefox open. Firefox will restart with ABE shield.
No moar crapola.
But ... if life gets too easy, I'll lose my ability to trade the Russell ... actually, it's hopeless pre-option expiry, so I'll head over to the Add-Ons page. Thanks. ('Yet Another Smooth Scrolling' extension seems cool as well)
I've spunged oodles of information from you. It's the least I can do. You might enjoy the Pale Moon program?
The foe of my opponent is my ally ??
Flemish bastards.
Stick to waffles.
Retail investors?
Where do we go from here?
Around the same old loop and back again of course.
These economist idiots still don't see what they are doing wrong.
Their distorted Keynsian view is not shaken, it would have worked if it hadn't been for these pesky kids or some other lame excuse.
the FED's magic knobs are no longer connected to anything, they are dilussioned to think they have any control left at this point
Tiger shark off Hawaii ate a banker today.
3 cheers for the shark.
Isn't that a form of cannibalism?
at least nothing flash crashed today
Market down....VIX flat. Does anyone find it odd, at a time when there's extreme volatility and wild swings? Manipulation at its finest bahahaha says Yellen!