This page has been archived and commenting is disabled.

"September It Is": The Good (Greenback), The Bad (Bonds), & The Ugly (Buillion)

Tyler Durden's picture




 

Despite IMF & Germany's apparent comment to Greece...

 

Stocks remain ambivalently poised near record highs...fading from the opening gap higher...

 

From Friday, Small Caps leading the way... new highs

 

Stocks did a whole lot of nothing with the S&P unable to trade more than a few bps away from its VWAP as Greek hope faded...

 

VIX hit an 11 handle...

 

 

Another day, another European buying climax into the US Open to the European close...

 

Biotechs are now up almost 11% from last week's lows...

 

But it appears Powell's "September" comments were the big catalyst that banged bonds, bullion, and greenbacks...

The USDollar soared, led by EUR weakness after Powel said September was likely

 

This was the USDollar's best day in over 3 months...

 

Pretty chunky Heinz deal may have pressured Treasury yields in th elast 2 days but today's swing was around Powell's comments...

 

Dollar strength did not impact Copper(after better than expected China PMI) and Crude (WTF knows!) which soared as Gold and Silver were monkey-hammered...

 

Here is WTI Crude this week (the August contract)...WTF!!

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 06/23/2015 - 16:07 | 6226775 SethDealer
SethDealer's picture

somebody big dumping oil and metals today

Tue, 06/23/2015 - 16:08 | 6226780 Edward Quince
Edward Quince's picture

I have no idea whom that might be.

Tue, 06/23/2015 - 16:13 | 6226798 trader1
trader1's picture

this is it!

Tue, 06/23/2015 - 17:34 | 6227171 BoredRoom
BoredRoom's picture

I feel a little end of the month stacking spree coming on..

Tue, 06/23/2015 - 16:17 | 6226814 takeaction
takeaction's picture

Take these fucking relics to zero for all I care.  The day of reckoning is coming.  The more I am able to get the better.  We see your game you fucks.  I am not playing it.  Everything is skyrocketing that should not.  Everything is tanking that should not.  Do not get discouraged...that is what they want you to do.  I am going to continue with my relics.

Tue, 06/23/2015 - 16:29 | 6226873 thunderchief
thunderchief's picture

It seems I've always gone ugly early... 

Weather it be silver or fat chicks..

Like shooting apples in a barrel. 

Tue, 06/23/2015 - 17:33 | 6227163 Ultimate_Warrior
Ultimate_Warrior's picture

It is nice choice, making more income $67 a hour from computer at home. My sisters friend has been earning 20k for a months and she works about 15 hour a working week. I make 10k last month, it is in real easy and meaningful , here you can checking... www.earnmore9.com

Tue, 06/23/2015 - 16:09 | 6226781 madbraz
madbraz's picture

if the FED was so "concerned" with asset bubbles, maybe it should just turn off reverse repos at the NY FED instead of allowing it to become $181 billion (today) in collateral for rehypothecated speculation - plus the $200 billion in term reverse repos the NY FED gently provides to aid in balance sheet quarter-end fudging.

 

such just organizations, such wisdom, such transparency.

Tue, 06/23/2015 - 16:22 | 6226832 Fun Facts
Fun Facts's picture

Alas, the FED's open market operations asset bubbles are the only thing preventing a collapse...since 2008.

They obviously know that, but it is catastrophic for them for you to know it, because the current system we all endure runs entirely on hype, fraud and your unwavering confidence in them.

Tue, 06/23/2015 - 16:09 | 6226783 saints51
saints51's picture

Crude went full retard today. WSR1 must of pissed in Cushing to get this rise.

WSR1 - I do love ya buddy. No homo shit though.

Tue, 06/23/2015 - 16:22 | 6226835 saints51
saints51's picture

Well, we now know who the serial down voter is on zerohedge.

Tue, 06/23/2015 - 16:09 | 6226784 lehmen_sisters
lehmen_sisters's picture

Pump that dollar up, there is silver to be bought.

Tue, 06/23/2015 - 16:11 | 6226790 knukles
knukles's picture

Kudos, Tyler ....  "chunky Heinz deal"

Tue, 06/23/2015 - 16:11 | 6226793 EdSav
EdSav's picture

FB moves like it has an IPO-like float.. It obviously doesn't.. but it's a clear example of how many stupid mutual funds/passive money is just sitting on this garbage.. I'd love to see all rush for exits because of the fireworks and muppet-suicides that would certainly ensue.. Just one building jumper is all I want. More than that would be ok too.

https://www.youtube.com/watch?v=fPslvBVqJp8

Tue, 06/23/2015 - 16:13 | 6226801 Thisisbullishright
Thisisbullishright's picture

In June, rates may rise in September

In September, rates may rise in December

In December, rates may rise in March

In March, rates may rise in June

BULLSHIT!

Tue, 06/23/2015 - 16:22 | 6226838 EdSav
EdSav's picture

Sometime between Nevurary and Nevember. It's funny how much hissy-fitting goes about 'rate hikes' in the US when the BoE has been just about to raise rates tomorrow after the next tomorrow.. Umm buy inverse floaters? Even GNMA (new) issuance of inverse floaters has the structure that calls BS on the fed.. stuff like. 4.5 - (LIBOR x 4).. with a cap of 4.5%.. ok not that bad. but you get the gist..

Tue, 06/23/2015 - 16:14 | 6226803 Keltner Channel Surf
Keltner Channel Surf's picture

"Fed Chair Peddling Soma”     from “Girlfriend in a Coma”      by The Smiths

Yellen’s pushing soma, I know
I know it's serious
Aldous Huxley’s soma, I know
I know, it stops the tears for us

There were times when I could have murdered her
But now, I’d hate for anything to happen to her
No, I can’t go cold turkey

Do you really think she'll lift-off?
Do you really think she'll lift-off?
Do you ?

Yellen’s in Tacoma, I know
I know, it’s rather curious
Hiding from hawks like Fisher
Till he said his goodbyes
There were times when he nearly strangled her
But we won’t get our fix if something happens to her

Would you please let me see her?
Does she really think this Bull’s through?
Do you really think this Bull’s through?
Do you ?

Let me hedge my last three buys
I know, this could be serious

Tue, 06/23/2015 - 16:21 | 6226825 FreeShitter
FreeShitter's picture

Just keep buying the all time highs. Its what's cool these days.

Tue, 06/23/2015 - 16:42 | 6226933 wmbz
wmbz's picture

Surely everyone knows that the international mother-fuckers (IMF) aka Amerikan taxpayer will keep right on bailing Greece and anyone else out.

It's all good... just ride your stawks straight the the moon!

This shit show has plenty of life left in it! Just sit back and drink... it all in.

Tue, 06/23/2015 - 17:02 | 6226943 scubapro
scubapro's picture

 

 

in this 'mkt', one only should buy stocks of companies that have negative cash flow, pay no dividends, and sell for at least 6x Revenues.  shun anything that pays the investor a reliable stream of cash or whose price is less than 125% BV.   it has been a total recipe for success.

how long must this madness continue?    is this what 1998 felt like?   i figured 2013 WAS 1998 with its massive p/e expansion.  earnings were going up then...now they are decreasing pushing the multiple up!   Shirley,  will this stop?   

greece is a fly on an elephants arse.  sell off once its settled?   wall of greek worry blow off?   

so much leverage, so many short opportunities, so many stupid fks smug about their investment prowess.   

Tue, 06/23/2015 - 17:18 | 6227084 Stormtrooper
Stormtrooper's picture

Yeah,yeah, yeah, but more importantly how are the Jade Helm 15 excercises going?  Have the Texas Rangers had any run-ins with Special Forces?  Any Blackhawk shootdowns to report?  Any injuries from those downhome Texas punji traps?

Tue, 06/23/2015 - 21:29 | 6228009 achilles5008
achilles5008's picture

Debt is the new black.

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