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Chinado 2.0: Dollar Pump, Stocks Slump, Copper & Silver Dump
Manic Monday to Tempestuous Tuesday... Overheard from an algo somewhere deep in Mahwah...
Are you not entertained?
It all started in China again... (exactly as it did last Tuesday Manic Monday Becomes Turmoil Tuesday As China Rocks The Global Boat)
But in the US, what goes up on vapid volume, must come down on even vapid-er volume...notice the sells every time ES hit VWAP...
Leaving everything green for the week but small Caps dropping the most - note that for the 5th day in a row the initial kneejerk olower at the open was bid into the European close...
Futures for the day show the pain started in China, was ramped by 'good' housing starts data (ignore the crappy permits data) then sunk after EU close...
And with homebuilders the only sector in the green today (energy lower despite higher oil prices as it catches down to credit's ugly reality)...
Credit protection markets continue to press wider...
Investment Grade credit risk is at its highest since Oct 2013...
and for once equity protection is decoupling from stocks...
Treasury yields jumped notably intraday - pushing 30Y yields higher on the week...
The US Dollar surged on the back of EUR weakness...
Very mixed bag in Commodities - despite the USD strength...
Silver was slammed off its 50DMA
But Gold bounced back...
Copper was clubbed to new 6 year lows...
Finally, after yesterday's "oil crusher algo" was unleahed into the NYMEX close, today saw the "oil gusher algo" set free... (and no, there was NO NEWS!!)
Charts: Bloomberg
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Nice job Tyler - very Hilsenrath-like. Full summary out in less than 10 minutes with full spectrum charts to boot!
so the s&p has to catch down 1.5%. hardly apocalyptic is it?
It will be up 15% tomorrow if Janet has her way, worry not... meanwhile ASEs are trading at almost a 25% premium to spot...
In days of old when knights had gold, and condoms weren't invented,
Men stuffed their cocks into a sock, and babies were prevented.
In days of new, the cocaine blew, and so did the shoes of babes.
Yet Goldman Sachs claims S&P will remain stable. Sure it will. Technology is dead. Unless repeating old technology counts. Destroy Windows 10 Spying 1.4.3 Read more at: http://tr.im/hWbVh
http://www.majorgeeks.com/files/details/destroy_windows_10_spying.html
Virus alert!
I believe the term is Hilsenrathian.
And yes, I did just throw up in my mouth a bit writing that.
One of these hacker groups should break into the WSJ and other papers that the algo's read and put up headlines like "Yellen dies in nailgun accident" That could be tremendous fun and a wonderful start to doomsday......
But who would host "The FED Is Right" game show? We can't just have Hilsenrath tempting us with what's behind door #1, #2 and #3 without a host.
I don't think it matters which door, because it's lose lose either way. Raise rates and blow us all to hell. Put off the rate hike again and credibility implodes, not to mention the distortions we'll see as this gets unrecognizable. Oh wait, we're there.
Dude, that's impossible. Even a nail gun wouldn't fuck ole Yellen.
At these silver prices, Jesus Christ's life was only worth $447.90... Man those Romans were cheap whores for bribes.
But
a 'dollar' used to have a lot more purchasing power.
Besides, Judas was not exactly a "Roman".
Actually you are assuming that a piece of silver = 1 oz. The Romans debased their coins just like all governments post republic. Also, it was the high priest and his cronies that bribed Judas.
Should it now be called "VWAP-id volume"??
All Hail VWAP.
Hillary is running bathroom selfies on backpage escorts in Hilton Head Island.
Yes, I arrived several hours ago .. though NYTIMES could write another blistering story.
I won't post a link. Let Hillary prostitute herself. /lol
“BABA, I’m Gonna Sell You” from “Babe, I’m Gonna Leave You” by Led Zeppelin
BABA, BABA, BABA, I'm gonna sell you
I said BABA, you know I'm gonna sell you
I'll sell you in the summertime
Sell you as the buyback comes a-rollin'
Sell you while somebody’s still long
BABA, BABA, BABA, BABA, BABA, BABA,
BABA, BABA, I’ve got to sell you
I ain’t jokin’, man, my account’s in shambles
BABA, I can’t believe you really had a red candle
I don’t see them turning green the way they used to do
I had fear there was something wrong with Chrome
I know, I know I never, never, never wanted to sell you, BABA
But you’ve got to build a new base
I had to quit you, yeah
Ooh, BABA, BABA, ooh, didn't you hear the margin calls?
Oh man, oh man, I know, I know
It would feel so good to buy you back again
And I know that one day BABA
Your share price is really gonna grow, yes it is
We gonna go smashing through their stops every day
No ‘Sell in May,’ grow every day, oh
BABA, it was really, really good
You made me happy in those first days
But now ... I’ve got to buy EBAY …
The x rated version is from the lyricists of the fed and it is titled "babe, I'm going to ass rape you."
"You're an elisium, and you're already dead!"
-Maximus
Speak for yourself on being dead. We're still alive.
there was a disappointing lack of wtf's in these charts
wtf ? KKR getting smoked on bad energy bets
http://www.bloomberg.com/news/articles/2015-08-18/kkr-losses-may-reach-5-billion-from-samson-energy-future-busts
Hence fast track, and climate change protocols Obama will pass.
C(lie)mate Update - July 2014 http://m.youtube.com/watch?list=PLHSoxioQtwZcqdt3LK6d66tMreI4gqIC-&v=11S...
Barbarians found the gate locked with concertina wire.
rofl
Another disgusting fraud by the Tribe on Silver.
Think of it as a blue light special sale!
For a $270 trillion derivative buy back program to pay the principal and make $940 in trillion profits. When we decide to use another currency, your holdings fall through a trap door.
We don't need you, you continue to fuck us. Watch when you get fucked and we walk away laughing.
Hey, you lay off Gilbert Ortega. He creates a lot of jobs down thataway.
Patience, Grasshopper. They're putting real money on sale, so don't look a gift horse in the mouth. Back up the truck, have an "accidental" boating incident with your stack, and get the popcorn ready.