This page has been archived and commenting is disabled.

The Caitlyn Jenner Rally Clipped - Now You See It, Now You Don't

Tyler Durden's picture




 

Why did the market go up? The same reason Bruce Jenner is now a woman... why not? (oh and Media Coverage)

The USDollar Index perhaps shows today's market events best...

  • 0700ET Early rumors of an imminent Greek deal sparked EUR buying, USD selling...
  • 0845ET US PMI missed and dropped to Jan lows (USD weaker... pushes off rate hikes)
  • 1000ET Construction Spending surges (USD spikes... rate hikes coming soon)
  • 1417ET *DRAGHI, MERKEL AND HOLLANDE SAID TO DISCUSS GREECE TONIGHT (EUR up, USD down)

So - just remember, this is all priced in (as today's market action showed)

 

Stocks limped higher overnight on China strength (and despite missed PMI expectations in Europe)... ramped vertically on Greece rumors, stalled on denials, then plunged on 'good' data... but ince Europe had closed it was off to the races until Carl Icahn spoke at around 1445ET - *ICAHN TELLS FBN HE HAS CONCERNS ABOUT STOCK MARKET,  IT'S TIME FOR FED TO 'STOP THE MEDICINE'

 

Futures show the volatility intraday...

 

The S&P 500 (cash) has oscillated up and down making lower highs since last week's tumble...

 

A gentle reminder about 'bubbles'...

 

Trannies were inspired...melting up to fill the Friday gap down open and flip-flopping once again with respect to oil price moves...

 

Treasury yields increased notably on both "good' data and the pending issuance of a 100Y Petrobras bond (which would have demanded much of an illiqud market for rate locks) especially given chatter of a $10 bn order book!! *PETROBRAS $2.5B 100Y BONDS LAUNCH AT 8.45%

NOTE: Once the bond was issued, TSYs rallied and stocks dumped

As an aside -  a zero-coupon 100 year bond issued at a yield of 8.45% implies a price of around 2.54c... so $2.5bn face means Petrobras actually raised $63.6 million cash (which will accrue to a $2.56bn cost in 100 years).

The Dollar was all about EUR once again today... (ahead of Wednesday's ECB bollocks)

 

Across the commodity space there was plenty of volatility but by the close, everything was practically unch (despite USD strength)...

 

Gold and Silver were smashed higher in the pre-open, running stops over $1200 and $17 respectively, only to roundtrip perfectly as the dollar surged...

 

To summarize the day: "good" headline data sparks weakness in stocks but they are bid by the machines on the back ofg 10Y weakness driven by rate-lock buying due to the issuance of 'idiot-maker' bonds by the world's largest insolvent energy company.

 

Charts: Bloomberg

Bonus Chart: What exactly do investors think will happen when this kind of volatility is added to the MSCI index next week? (Spoiler Alert - fixed risk budgets will mean reduced exposure NOT increased)

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 06/01/2015 - 16:06 | 6152890 FreeShitter
FreeShitter's picture

Sick fuckin world......

Mon, 06/01/2015 - 16:10 | 6152906 So Close
So Close's picture

Hope whom ever did the photoshop job got paid by the hour and not the job.

Mon, 06/01/2015 - 16:13 | 6152918 knukles
knukles's picture

How did I fucking know this morning and mumble something about it to Mrs K that I'll betcha ZH does something related to Catylin? 
And no shit.....

Tyler, the Pun is a Doozie too, "Clipped"     .....    Kudos!
Sickfucks

 

Mon, 06/01/2015 - 16:16 | 6152928 Dr. Engali
Dr. Engali's picture

You mean the "clipped" reference wasn't about this fine young lady's hair?

Mon, 06/01/2015 - 16:20 | 6152950 pods
pods's picture

Looks like the cock-n-balls formation got clipped and then settled into a narrow V pattern?

I can't wait for next year's fullest retard Hollywood social media rumor:

"Kanye leaving Kim for Caitlyn."

pods

Mon, 06/01/2015 - 16:24 | 6152963 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

"Kanye leaving Kim for Caitlyn."

Now that would be some Charlie-Sheen-train-wreck-level entertainment right there.  WINNING!

Mon, 06/01/2015 - 16:31 | 6152987 ThaBigPerm
ThaBigPerm's picture

There's a Trans-Pacific Partnership joke in there somewhere...

Mon, 06/01/2015 - 17:56 | 6153282 NotApplicable
NotApplicable's picture

While not making any claims as to the cause of Charlie's train-wreck, I do recall it all started about the time when he got vocal about the collapse of Bldg 7.

Mon, 06/01/2015 - 18:03 | 6153299 Lux Fiat
Lux Fiat's picture

Hard to top, but adding Miley Cyrus to the mix might just do it.  Clicked on the video - the opening words of the leading Chrysler 300 ad were "America...so much to be proud of..." 

Mon, 06/01/2015 - 20:43 | 6153771 A Nanny Moose
A Nanny Moose's picture

Is the fucking Half Time side-show over yet? We are so fucked.

Mon, 06/01/2015 - 16:36 | 6153008 Consuelo
Mon, 06/01/2015 - 17:01 | 6153106 CarpetShag
CarpetShag's picture

"clipped cock 'n balls formation"
Now I know why chart patterns don't mean dick.

Mon, 06/01/2015 - 17:02 | 6153108 City_Of_Champyinz
City_Of_Champyinz's picture

LOL Pods, why wait till next year I am ready for the rumors to go nuts now (OOOPS - no pun intended)....

Mon, 06/01/2015 - 17:16 | 6153156 cherry picker
cherry picker's picture

Aint going to happen as Bruce maintains he is hetro, just wants to be a woman.  So kim would be leaving for Miss Bruce as he is a lesbian.

As someone noted above, he is mentally ill and should not be in the spotlight.

Mon, 06/01/2015 - 17:59 | 6153287 Oldwood
Oldwood's picture

Some people used to be considered simply nuts, but now they are "special". I suppose if he thought he was a bird we should transplant some buzzard wings on his back and shove him off of a tall building??

Mon, 06/01/2015 - 17:23 | 6153189 Pie rre
Pie rre's picture

But no camel toe unless it was air brushed.

Mon, 06/01/2015 - 16:17 | 6152936 pods
pods's picture

Trannies were inspired?

<golf clap>

Mon, 06/01/2015 - 16:21 | 6152954 max2205
max2205's picture

Clipped! 

BOOM!

 

Your killing me!

Mon, 06/01/2015 - 17:02 | 6153112 FrankDieter
FrankDieter's picture

Ouch, don't want to have his dick up my ass.

Mon, 06/01/2015 - 16:35 | 6153001 gatorengineer
gatorengineer's picture

two holes to three, that should be a 50% productivity spike....

Mon, 06/01/2015 - 16:53 | 6153085 Bananamerican
Bananamerican's picture

Lance Armstrong and Bruce Jenner...

amerikan heroes

Mon, 06/01/2015 - 17:37 | 6153234 fockewulf190
fockewulf190's picture

Jenner is going to need some serious help breaking the ice when it comes to dating.  Perhaps Butters can help?

 

https://www.youtube.com/watch?v=cvIj_t3-kC0

Mon, 06/01/2015 - 21:04 | 6153850 Lux Fiat
Lux Fiat's picture

Perhaps he's interested in an acting career?  They can dust off and remake "The Crying Game".

Mon, 06/01/2015 - 16:21 | 6152952 BLOTTO
BLOTTO's picture

I dont even know what the fuck to say.

.

'They' - TPTB, Luciferians, Global Elite - whatever the fuck you want to call them...they are laughing at us...LAUGHING!

Mon, 06/01/2015 - 16:31 | 6152989 gatorengineer
gatorengineer's picture

Are we the ones supposed to be entertained by circuses they provide?

Mon, 06/01/2015 - 16:46 | 6153036 BLOTTO
BLOTTO's picture

Not us gator - us 0.001% in tune...the 'lucky' ones. Most of us are heavily tortured by all this with a bit of fascination mixed in as well.

.

We are caught between the 0.000001% Elite and the 99.999% cattle...alone on a tiny island watching it all unfold.

 

Mon, 06/01/2015 - 18:19 | 6153353 Stoploss
Stoploss's picture

Somebody should have kicked him in the balls before they cut em off to raise his voice an octave, or two...

Still sounds like a man.

Mon, 06/01/2015 - 16:12 | 6152915 KnuckleDragger-X
KnuckleDragger-X's picture

True, but it's the hand we're dealt. I just wish we had a better class of evil SOB.....

Mon, 06/01/2015 - 16:17 | 6152935 dimwitted economist
dimwitted economist's picture

the Fucking Sheeple Need to pull out their Credit Cards and GO CRAZY! otherwise the Terrorists Win Bitches!!!!

Mon, 06/01/2015 - 18:03 | 6153296 Oldwood
Oldwood's picture

But what would generate more GDP growth.....borrowing to buy Chinese crap or borrowing to send money to the ISIS fighters?

MIC anyone???

Killing for the economy???

How can our debt generate higher return than making war???

Mon, 06/01/2015 - 16:34 | 6152997 walküre
walküre's picture

... still prettier than Yellen!

Mon, 06/01/2015 - 18:06 | 6153308 Oldwood
Oldwood's picture

You know you want her! Don't be shy...

Mon, 06/01/2015 - 16:38 | 6153018 WTFRLY
WTFRLY's picture

Caitlyn Jenner is like the mascot for the economy. It can be whatever you say it is!!

Mon, 06/01/2015 - 18:07 | 6153311 Oldwood
Oldwood's picture

Or....it is exactly the opposite of what ever they say it is!!

Mon, 06/01/2015 - 16:07 | 6152893 Dr. Engali
Dr. Engali's picture

I seem to remember something about never going full retard.

Mon, 06/01/2015 - 16:14 | 6152922 KnuckleDragger-X
KnuckleDragger-X's picture

I hear rumors of full ludicrous retard.....

Mon, 06/01/2015 - 16:26 | 6152972 pods
pods's picture

The bigger question is will she be offended if you want anal.

"I went through all this work dammit, the least you can do is put something in it."

pods

Mon, 06/01/2015 - 18:08 | 6153317 Oldwood
Oldwood's picture

Might be a good place to keep HeShe's keys???

Mon, 06/01/2015 - 20:55 | 6153807 A Nanny Moose
A Nanny Moose's picture

June 12, 1994 - The date this brand of full retard received its franchise. Fucking OJ.

 

Mon, 06/01/2015 - 16:10 | 6152910 Keltner Channel Surf
Keltner Channel Surf's picture

Lately, it seems the # of perilous, “inadvisable” trading days has grown (some would say ~100%).  In the past trading would suck ½ to 1 day before key calendar dates, as big boys hedged and positioned.  Now, the following pre-schedule seems to be happening:  OPEX (10-15 days), Yellen/FOMC (5-7 days), JOBS (7-10 days), Month-end (3 days).  Whether this stems from volume concentrating with a few big HFTs forced to spread out their activity, or from buy-siders doing nothing in-between key dates, screwing liquidity, I’m not sure, but it seems the most successful traders may work 7-10 days per month, spending the rest of their time listening to Brahms, growing Thai basil or watching Hogan’s Heroes reruns, depending on their predilection.

Mon, 06/01/2015 - 16:15 | 6152924 wmbz
wmbz's picture

This is getting tedious, the DOW should have blasted through 19,000 on the way to 20 a long time ago.

Everywhere you look around this planet things are simply marvelous ! Nothing but blue skies and fairy tales!

Capt. Jack Yellen needs to bring his game up a knotch or two. Bankster bonuses must be paid!

Mon, 06/01/2015 - 16:37 | 6153012 walküre
walküre's picture

Banks are firing left, right and center. Closing branches everywhere.

Guess what? All this money in circulation in the hands of a very few just doesn't require as many bankers and so on!

By the time the banks figured this out, it was obviously too late.

Bring on the purge, the cleanse and the reset you band of shyster shylocks!

Mon, 06/01/2015 - 16:15 | 6152925 philosophers bone
philosophers bone's picture

MIDNLF?

Mon, 06/01/2015 - 16:27 | 6152933 farflungstar
farflungstar's picture

Someone says this is fine and normal, the inner workings of a rational man-woman's desire made flesh by technology. I can hear it now: "You go man-girl! So empowering! A role model for the LGBT community! He finally gets to be him-herself!" Yeah, confused, ugly, stupid, but with tits this time. 

Bruce Jenner...Olympic gold medalist - Now a man-cunt. 

 

 

Mon, 06/01/2015 - 16:36 | 6153007 Nutflush60
Nutflush60's picture

Someone needs the balz to say that you do not have to be some Christian or IslamicFunamentalist to find this shit sick.The great Vanity Fair has spoken,bow down all right thinking people, be dammed all who object.

 

 

Mon, 06/01/2015 - 17:11 | 6153144 Squid Viscous
Squid Viscous's picture

media coverage by the Zio supremacists who are slowly destroying western civilization, it's a plan that is working remarkably well

Mon, 06/01/2015 - 16:57 | 6153092 Bananamerican
Bananamerican's picture

BJ represents the apotheosis of amerikan narcissism run amok. ANYTHING, any freak show, for the cameras/limelight

Mon, 06/01/2015 - 16:16 | 6152934 Rainman
Rainman's picture

Trannies are up .... no they're down . Lord have mercy !

 # CallMeCaitlyn

Mon, 06/01/2015 - 16:33 | 6152991 gatorengineer
gatorengineer's picture

Trannies are up everywhere did you see ""Conchita"" on Eurovision?

Mon, 06/01/2015 - 17:38 | 6153236 Squid Viscous
Squid Viscous's picture

They are trying to reconfirm Dow theory, with manufactured news about trannies

Mon, 06/01/2015 - 16:19 | 6152944 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

hhmm, if they issued a 10,000  year  $2.5 billion zero coupon bond i might be able to afford it ... c'mon, dopes ... price it so "retail" can get some of the action ...

Mon, 06/01/2015 - 16:19 | 6152947 Keltner Channel Surf
Keltner Channel Surf's picture

**Featured artist for the month of June will be the Velvet Underground:

“Dark Age”     from   “New Age”

‘Can I have your autograph?’   he said to the bowl-haired Fed Chair
You know, I've faded every call you’ve made, from small cap stocks to biotech funds
And when you dissed ‘valuation’
Gee, but I thought you were its main causation (?)
You're over your head right now, and you're hoping for luck
They’ll come running to you anytime you want them

‘Will you take a polygraph?’   he said to the ECB Pres
You know, I doubt everything you've said; that’s why I’ll fade the bourses
All that’s left is your ivory tower, couldn’t take the real world even for an hour, but
You're climbing a hill right now, needing help from above
You're over the top right now, and they're looking to shove
They'll come gunning for you -- bond vigilantes

Something's got a hold on markets, and we all know what

It's the beginning of a dark age, it's the beginning of a dark age
It’s a Dark Age

Mon, 06/01/2015 - 16:22 | 6152956 Soul Glow
Soul Glow's picture

So this Fed medicine, is it herion or is it tylenol?

Mon, 06/01/2015 - 17:18 | 6153164 Eyeroller
Eyeroller's picture

Doesn't matter. Neither one does anything to help cure the cancer patient.

Mon, 06/01/2015 - 16:26 | 6152973 gwar5
gwar5's picture

Did he get wiener wacked? I heard he got a boob job but the basement is unfinished. Wished he'd cut off his last name so we won't always have to be reminded. 

Mon, 06/01/2015 - 17:13 | 6153150 Government need...
Government needs you to pay taxes's picture

She's still got the 'hanging Chad'.

Mon, 06/01/2015 - 19:50 | 6153615 orangegeek
orangegeek's picture

Name will change when basement is complete - Caitlyn Jenner to Caitlin Whobitchacokoff.  Should happen soon.

Mon, 06/01/2015 - 16:29 | 6152981 Kaiser Sousa
Kaiser Sousa's picture

"Silver and Gold Spike On Heavy Volume..."

 

and how long did that last?????????????

gee look -a there...its right back to the same phony paper price it closed on Friday.....SHOCKING!!!!

http://www.kitco.com/charts/livesilver.html

Mon, 06/01/2015 - 16:34 | 6152996 gatorengineer
gatorengineer's picture

they got Jennered a.k.a snipped.

Mon, 06/01/2015 - 16:40 | 6153035 walküre
walküre's picture

roundtrips everywhere

no more one-way moon shoots bitchez

Mon, 06/01/2015 - 16:33 | 6152994 SmilinJoeFizzion
SmilinJoeFizzion's picture

If Bruce can do it so can Mr Yellen

Mon, 06/01/2015 - 16:39 | 6153022 walküre
walküre's picture

Yellen could get herself clipped at the Dollar Store. She's 99% there all naturally.

Mon, 06/01/2015 - 16:38 | 6153019 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

I bumped into pre-Caitlyn in Chicago in 1991, and even then something seemed a bit off.  She looks to be dealing nicely with having recently been involved in the death of that poor woman in Malibu.

Mon, 06/01/2015 - 18:49 | 6153440 knukles
knukles's picture

When they drained half her brain out she forgot about it.

Mon, 06/01/2015 - 16:43 | 6153042 magnetosphere
magnetosphere's picture

wtf man a 100 year bond?? fuck!!!#@!

Mon, 06/01/2015 - 16:55 | 6153089 walküre
walküre's picture

always the pessimist!

Mon, 06/01/2015 - 16:53 | 6153070 Yen Cross
Yen Cross's picture

 Gawd..Someone pass the eye bleach. They should have just spray painted [IT] gold and thrown it on a bed, like Goldfinger did to his double crossing (pun intended) mistress .

 

   It looks like one of those demented vampires from the "Underworld" movies.

 

Mon, 06/01/2015 - 17:03 | 6153115 BeerMe
BeerMe's picture

This makes me sick.  Don't push someone with a mental disease in front of the media.  Trannies are mentally retarded.

Mon, 06/01/2015 - 17:12 | 6153146 Government need...
Government needs you to pay taxes's picture

But, but . . . they must be CELEBRATED.  Diversity is our greatest strength.

I wish we could see a photo of Kaitlyn next to a jihadi, arms wrapped around each other lovingly, singing 'We are the world'.

Mon, 06/01/2015 - 17:42 | 6153252 Squid Viscous
Squid Viscous's picture

think about who is jamming this "news" down your throat? who owns the media and what is the ultimate agenda... it's not that hard

Mon, 06/01/2015 - 18:14 | 6153340 Oldwood
Oldwood's picture

No, I think they want us to believe our stupidity is our greatest strength.

Mon, 06/01/2015 - 18:11 | 6153309 SmittyinLA
SmittyinLA's picture

U anti semetic ray-cist, grab a camera and sell some airtime youself, dont criticise the "art" or livelihood of others.

Indulging / displaying the mentally ill is legit capitalism.

Im pretty sure the ancient Greeks had a freakshow too for most of their 900 year empire.

Mon, 06/01/2015 - 17:04 | 6153116 Bobbo
Bobbo's picture

Exactly the kind of risk Tim Cook was talking about, ... no doubt.

... where already being in the money certainly helps.

Mon, 06/01/2015 - 17:09 | 6153137 Squid Viscous
Squid Viscous's picture

would Tim Cook bang him, i mean her, in the old balloon knot, or the new panama canal?

Mon, 06/01/2015 - 17:11 | 6153142 Government need...
Government needs you to pay taxes's picture

Caitlyn hasn't been 'clipped'.  'She' is 'tucked'.

Mon, 06/01/2015 - 17:33 | 6153220 PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

why would anyone know that?

Mon, 06/01/2015 - 17:37 | 6153233 TheAntiProgressive
TheAntiProgressive's picture
Vote Caitlyn Jenner for President.  You get a woman and a tranny.  A twofer.  Should make the Progressives proud.  The only problem, it claims it is a Republican.  Oh well you can't have everything......
Mon, 06/01/2015 - 18:05 | 6153306 Caleb Abell
Caleb Abell's picture

The republicans don't need him, they already have Lindsey Graham.  Barry won in 2008 because he got 90 percent of the black vote.  They understandably wanted one of their own, regardless of his policies.

Same for Miss Lindsey, the gays will vote in droves for him.

Mon, 06/01/2015 - 17:37 | 6153235 Wahooo
Wahooo's picture

Wonder what she'll say when Cosmo asks her to describe her ideal man?

Mon, 06/01/2015 - 18:52 | 6153450 knukles
knukles's picture

A gay super wealthy defense attorney who specializes in traffic death cases looking for the newest hookup.

Mon, 06/01/2015 - 17:44 | 6153259 homebody
homebody's picture

The Russians are now training all their men that have feminine leanings for the next Olympics.  How can the Committee refuse to let them play with the girls?

Mon, 06/01/2015 - 18:21 | 6153358 Lux Fiat
Lux Fiat's picture

This one's for you, Caitlin.

https://www.youtube.com/watch?v=ZJL4UGSbeFg

Mon, 06/01/2015 - 18:36 | 6153405 Fix It Again Timmy
Fix It Again Timmy's picture

Ya all go, Caitlyn!  Genes and brain chemistry are a hoot!!!!....

https://www.youtube.com/watch?v=Hphwfq1wLJs

Best wishes for BIG O's....

Mon, 06/01/2015 - 19:00 | 6153475 Joe Tierney
Joe Tierney's picture

Cretin Jenner

Mon, 06/01/2015 - 19:09 | 6153501 dojufitz
dojufitz's picture

He/She is FREE.......oh Jesus!

Mon, 06/01/2015 - 20:03 | 6153643 Clowns on Acid
Clowns on Acid's picture

Bruce realized that could never be the man his mother was .....

Mon, 06/01/2015 - 20:03 | 6153646 cn13
cn13's picture

This has got to mark some type of cultural low for the U.S.

I remember when Jenner was on top of the world after the Olympics.  He was a living, real life GI Joe.

Now he is peckerless, wearing a dress?

Unfreaking believable!!!

Sad days for Amerika.

Do NOT follow this link or you will be banned from the site!