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"Good" Jobs Reports Sparks Market Turmoil As Rate Hike Draws Closer
Despite the rise in the unemployment rate - which by now become nothing more than a joke - the jobs report (at the headline level) was too good for the bulls demding moar for longer. The kneejerk reaction was a selloff in bonds, commodities, and stocks as the dollar surged amid rate hike delay hopes. As time passed stocks bounced back a little but bond yields and the dollar continue to press notably higher and crude has given up all its OPEC gains.
The entire Treasury curve surged higher...

But notably 2s30s is flattening significantly as the long-end outperforms...
The Dollar gapped higher and is holding gains...
which sent gold and commodities slumping...
And slammed crude lower - removing all the OPEC gains...
And stocks bounced back modestly from a kneejerk tumble but are fading again now...
Charts: Bloomberg
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Hang the fuckers.
Hang 'em high
Remain calm - All is well
https://www.youtube.com/watch?v=zDAmPIq29ro
Where are all you "no rate hike" fuctards now??
All your rates are belong to us!
HAHAHAHAHA!
The Yen is taking a dump today, AGAIN. Kuroda and Abe will lose control of the YEN eventually. Short the yen: YCS. You are welcome.
Also, hey Fucktard(HB) i will bet you an ounce of gold that she doesn't raise rates this year.
Now where can I get some Futs?
Rate hike?!?! Oh no! We need QE4EVA though!
:)
I am buying stawks right up until the NO rate hike announcement this month....straw man if I ever saw one.
remember taper announcement........same strategy
the bull market is over. get out.
...as if a small coterie of Realtors in Miami, Manhatten and Malibu all cried at with one voice....
"cash" is the new subprime/alt loans. what else can drive up prices with no underwriting? similarly to before....the effect on neighbors/existing homes is seen only to be positive vis a vis higher prices. essentially that there are no negatives to cash buyers.
however, very little of this 'cash' is not levered. SBL, securities based lending is where most of this cash is coming from, imo. loans against stock portfolios is now equal in size, credit balances, as the entire margin complex is. loans against the stock market today DWARF what we saw in 2000.
imagine all the leverage that was in the mortgage market in 2007 is now concentrated in the stock market. most likely a chunk smaller...a few Trillion then to 1/2 trillion today, but highly concentrated.
the number of 2-3million $ homes for sale and UNDER Construction in south florida has never been higher.
might tptb bite the hand that feeds it? the moderately wealthy are the SBL borrowers..net worth under 10million. now they are being set up to have their stocks evaporate and be left holding 2-3 houses where liquidity suddenly vanishes.
I need to read up on squatters rights in florida. isnt it if you maintain and pay taxes for 2 years, you get to claim the property as your own?
Saved up some dry powder for this fake number - and all I get is kind of a modest drop in PMs this week. C'mon monkeys!
QQQ will be green. Buy now before you miss out on 111.
Is the fake bull market. Ready to turn and become a fake bear market. Sure looks fake to me.
There's never been a better time to buy stocks.
Buy now or be priced out foreverrrrrrrrrrrrrr!!!!!
We are living in a badly scripted and awful movie that everyone in the media exclaims is the best movie ever. For some reason people can't seem to avert their eyes and it is propelled to the top of the box office.
YES WE ARE LIVING IN THE JAMES CAMERON ECONOMY!!!!!!
But it's so pretty!
Dude T1 and T2 were awesome. So was Alien and Aliens. So I wouldn't compare this economy to his body of work. I could however say this is like Titanic and Bernanke is like Leo, destined to end up at the bottom of the Atlantic.
Alien was Ridley Scott. Cameron did Aliens.
http://www.securitiesbasedloans.com/3.html
link on FAQ to Securities Based Lending.... Does anyone know for certain if the part of the example is correct, wherein a loan is in 'default' or 'called' when the --value of the pledged securities falls below 80% of the LOAN amount.
so the example is 100k portfolio is lent at 70% LTV, 70k loan amount......there is no call until the 100k stocks is down to 56k? 70k x .8= 56k so the lender is upside down?? i'd be surprised if they let themselves get in that position.
could someone speak to this?
This whole charade is disgusting to watch. Make up reports and scare is all they have!
April's pile of shit was higher?
Great news!
maybe it was old yeller who told bernanke to talk 'taper' then not 'taper' in sept, only to taper in december.....talk June, probably not; which means most likely september, but if gdp prints over 1% per atlanta fed on june 30; look for rate hike in JULY
Like an elephant giving birth to a mouse
More BS from the BLS. More waiters, bartenders and waitresses, which is BS because that would imply there are more customers at the bars and restaurants and more bars and restaurant openings. Horse hockey.
@headbanger: Lets see what kind of rate increase and how long it stays in effect. A rate increase less than .5% is meaningless. Since they're indicating the economy is ramping up let's see a 2-3% increase. Bet not.
Anything from the BLS, or any government agency, is hogwash. They Bullshit, then back their BS up with... more bullshit.