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Stocks Turmoil To End Q2 With Worst Run Since Lehman
Overheard at The PBOC, The SNB, The ECB, and The Fed...
Before we start, it is worth noting that this is the first consecutive quarterly loss for Trannies since Lehman...
S&P 2067.89 was all that mattered today - for the biggest US equity market to avoid its first quarterly loss since Q4 2012... It Failed!!
Q2 ends with crude the big winner, bonds the big loser, and stocks and gold modestly lower...
Q2 saw Dow Transports ugly, Dow Industrials lower, and S&P teetering on the brink. Small Caps managed a small gain as Nasdaq outperformed...
Biotechs (healthcare) dominate Q2 with Financials and Discretionary ekeing out gains. Utes were monkey-hammered and Tech closed lower on the quarter...
Ugly quarter for bonds... (30Y up 57bps in Q2!, 2Y +8bps)
* * *
Year-to-Date, the picture does not change too much with bonds the laggard, Crude #winning, Silver flat, gold and stocks down...
And Trannies are a disaster in 2015...
Year-to-Date, 2Y and 5Y yields are still lower but 30Y is up 37bps...
* * *
Overnight China hope provided some news chatter into the open...
But Greece dominated...
On the day, stocks went into full schizophrenia mode as the inevitable default and Merkel's "Nein" was whipsawed by rumors of a last minut deal and of Greeks suspending the referendum...
From pre-Greferendum, US equity indices are all lower still...
With Financials, Materials, and Tech worst...
FX markets remain "well managed" post Greece...
Treasury yields appeared to be pulled and pushed between safety bids and month- and quarter-end positioining... (ECB Sells 'em, Fed Buys 'em)
Crude rallied as the Iran Deal deadline was delayed (again) but bullion limped lower and Copper slipped...
You can't keep an over-priced irrationally bid Biotech bubble down... Investors saw bonds rallying and stocks volatility, were stunned by the moves around Greek rumors and decided to pile into the safety of Biotechs...
Chasrts: Bloomberg
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I was just saying the other day after eating some spicy food and drinking a poorly chosen combo of beer, wine and rum -- worst runs since Lehman.
wheww. just in time for Asia to get a $225mm FinTech fund..
http://hedgeaccordingly.com/2015/06/singapore-gets-225m-boost-for-financial-technology-fintech.html
This is the 154th post by Tyler since Lehman that he mentioned a statistic being "since Lehman".
Thanks!
I feel so much better knowing that now.
Who is this investor they keep mentioning?
I think that's the "investor" that micro manages the shit out of this joke called a "market."
Point being ?
This has been the longest retard bull bubble run yet. Who would have thought
Maybe the 154th time this month. According to Google, the search term "since Lehman" shows up on this site 8,250 times.
"Lehman weekend" shows up 863 times. Now was last weekend supposed to be the next Lehman weekend or is that this weekend?
Anyhow, given the frequency with which they throw these terms around on here you know whenever the next Lehman Event (1,790 times) does occur they'll have PLENTY of "We told you so" stories to link to.
FWIW, "Boy who cried wolf" only shows up 335 times.
Hey don't be hatin' on Durden. He correctly predicted 200 of the last 2 recessions...
(Saw it on RationalWiki)
.dup
CBs are a bunch of drunks leaning up against each other to keep from falling over.
On the top landing of the staircase.
Down tree fitty one day, up the next- makes perfect sense
Somebody please release the Krakken
https://www.youtube.com/watch?v=gb2zIR2rvRQ
Somebody please release Daisy Duke !
https://www.youtube.com/watch?v=zTGcEL_aoMk
OK you got me!
Look life's tough since they took away my Confederate flag, OK?
A picture is worth.....nothing....if used in a prediction. I have an old photo Ted Bundy when he graduated high school. Who woulda thought?
Well the good news is next half can't possibly be as shitty as this one .... remember, do not barf in the sink !
nice attempted stick save of the fucking Dow in the last 30 minutes...
up 70 then down 50 to end up 20...
yeah, real markets alright....
"The safety of Biotechs" LMAO. Just love this site. Beyond words.
You have to "drill down" on the Treasury complex to determine it to be "the worst performing asset class." (Certain commodities and the Euro and Yen come to my mind actually.)
So yes...the Thirty Year was hammered....but as a percentage of the over all index the Thirty Year is while significant not nearly what matters relative to "the Belly of the Curve" (for the record I do not trade bonds either.)
My view remains the same: "everything resets to the dollar...as in ONE dollar" would appear.
The "cost of Government" has just gone through the roof.
Good luck finding even that one dollar...
“Then He Spoofed Me” from “Then He Kissed Me” by The Crystals (1963)
Well, he walked up to me and he asked me if I wanted to trade
It looked kinda easy so I opened an account the next day
When I started to trade that night, the range was rather tight
Liquidity was super light
And then he spoofed me
After counting up my losses, I couldn’t wait to see him again
I wanted to let him know his moves were counter-trend
Then he asked me “Who are you?” So I whispered "I hate you"
He said that he hated me too
And then he dissed me
He dissed me in a way that I've never been dissed before
He spoofed me so hard that I don’t wanna be spoofed anymore
I knew that he was swine after I gave him all the money I had
Then one day he ignited momentum, spreading lies through Snapchat
Then he took the other side, and my position started to slide
I felt so crappy, I almost cried
And then he spoofed me
Then he took the other side
His resting orders were a great big lie
I asked him the penalty for homicide
And then he dissed me
And then he dissed me
Your best yet!
You can thank my local library for having "Essential Phil Spector" in stock this weekend :)
Moment of silence. Good work sir(s).
We need an American social program to monetize the trans movement. Trans-gender, trans-racial, Trans-Pacific Partnership, that's our ticket to prosperity. Groupon specials for transition at Macy's, JC Penney and small nail salons can turn this country around.
"...small nail gun salons..?"
are we in the "trans-Lehman" period of finance history?
CNBC HEADLINE: S&P EKES OUT FIRST HALF GAINS
See? So everything is fine!
Bear Sterns is fine!
What a day, what a quarter.
Can we please get back to our REGULAR PROGRAMMING! I have been waiting for this stock slide but I can't beleive it is really happening. It can't be. Yellen, Tsipoorus, Merkel, Put-in, Greenspam, Camerooooon, ISIS - save us!
lololololol
Trannies never lose. They become reality tv stars. Don't ya know?!
Just when the Z/H'r in Indonesia thought it couldn't get any worse a plane crashes into his favourite massage parlour, just as he said down a bit.
True this.
OXI!
https://www.youtube.com/watch?v=ig8sgY5vRWM
Mr. Panos..
Jump, you bastards!
" ... since Lehman ...."
Sounds familiar.
....Since that one time, ok well, one of the times, I did those fucking great 'shrooms