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'Rate-Hike-Loving' Investors Suddenly Dump Stocks, Commodities As Growth Reality Sinks In
"They would not be raising rates unless everything is awesome, right? Right?!"
Since the dismal payrolls print in October (for September), stocks are comofrtably numb and higher as everything else is red...
Since the 'awesome' payrolls print on Friday, everything is red again... as exuberantly bouncing stocks give it all back...
It appears, once again, JPM's Kolanovic was right that "the rally drivers are gone, downside risks ahead"... As all major equity indices are red post-Payrolls...
Even though Trannies surged in the middle of the day on CP-NSC news...
Again we saw a panic VXX selling, S&P buying algo run wild in the last 30 minutes of the day... what a joke!!
Ramping S&P Futs to VWAP - to enable institutional-selling...
Wondering why we ramped? Wonder no more - someone wanted out in Financials at breakeven from Payrolls...
As Financials give it all back...
Once again stocks catch down to credit...
Treasury yields flip-flopped all day - major selling pressure hit early in the US day, then as stocks tanked so bonds rallied into the EU close and then yields drifted back higher on equity stability...
The US Dollar drifted lower (on JPY strength) after some early strength (EUR 1.07 handle) on ECB jawboning...
Commodities all drifted lower on the day except gold which flatlined...
Silver extended its losing streak to 8 days as Gold broke its 8-day losing streak (longest since March)...
Charts: Bloomberg
Bonus Chart: Monetary Policy...
U.S. Monetary Policy vs. the MSCI World Index: pic.twitter.com/wYAUF8ub7v
— Michael McDonough (@M_McDonough) November 9, 2015
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nice save at the 30 minute mark to avoid a 200 point plus loss and settle comfortably down no more than exactly 1%.....
hilarious...
Boris internet connection is pour, no graph.
/ug?Ouf/uif/ug/oug?Ougfycfyhkvgjkl
Not as bad as mine, I type up a thoughtful post and that's what comes out
Nobody gives one fuck about GROWTH. This market...this economy, is premised on one thing...THE GREATER FOOL theory. They simply wait for the next greedy fucker, spout some nonsense to get them going, and once one falls for it they all go for it. Lemmings in mass, headed undeterred toward the upcoming cliff that ain't a cliff, only an altitude "correction" that will quickly be sorted out. Parachutes for one and all!
Sadly we will all suffer from this mass insanity, but when everyone else appears insane, maybe its only me.
Dat ramp tho. Insane. "Markets"
Choreography in motion...knowing in advance that the September jobs number would be "enough" to fix the lift off, they pumped the October market to give it room to "swoon" a little to load up the shorts before the next short squeeze rally past the previous highs because as we all know, higher rates are GOOD, an UP market says they are...mmmmmm, smells like R E C O V E R Y/ D E S P E R A T I O N
hilarious
I saw what they did there....PPT hard at work on our tax fiats!
If investors financially fall in the forest, can you hear them scream?
nothing better than the barfing clown...
For my money, it doesn't get better than an unleashed, laughing Kuroda
Where do they get the $$ to run those stops everyday at 3:30. Never mind, PPT
It's programmed in so the ugly isn't quite so obvious and the sheep won't panic......
Where do they get the $$ to run those stops everyday at 3:30. Never mind, PPT
CTRL P
Where? CTL-ALT-PRNT
The 3:30 ramp was on point. Oh, and they'll never raise rates. We'll just languish at these highs until the dollar can't buy a penny.
So, buy the DJIA. Sell first thing at the open, then buy at 330 if it's a down day.
So easy a Khazar could do it!
although I thought about shorting this last night, and wish I had you just know this shit will be 18000k + by Christmas whatever the fed does
Macy's and Kohl's getting hammered on soft Xmas eXpectations .... another good reason to hike for Granma ! .... do it !
Dunham's aisles are very narrow and packed,
Walmart has alotta room now.
Aldi's the same old same old.
Macy's, Kohl's, Target, and JC Penny's are barbarous relics of the past. Wave a fond good-bye as they sink into the tar pits of fiscal insolvency.
For your consideration:
http://seekingalpha.com/article/3667686-apple-is-buying-back-shares-like...
Parenthetically, the more I learn about Windows 10, the more I think Microsoft is in some real trouble.
You know, I dont mind a little tracking software, Bill, but this is ridiculous.
Wrong you are
Windows 10 is a virus, that also happens to be an operating system.
Windows 7 will only come pre-installed until Oct.31 2016. Disable the auto download update that puts the Windows 10 into spy and download mode ASAP. Microsoft admits that there is really no way to take control as admin of Windows 10...and the built in spying, data mining is impossible to disable.
One alternative is the Long-Term Support Branch (LTSB) version of W10, which does not contain any of the telemetry spyware of the consumer editions.
Otherwise, I would set up a firewall (something built into your router or AP would be ideal) and never permit any Windows services to access the Internet - especially svchost.exe, searchui.exe (Cortana), and update.exe (Windows Update).
You know the market is overpriced when 180 Dow Points is only a 1% sell-off. WTF.
"... 180 Dow Points is only a 1% sell-off."
22% sell off on October 19, 1987. 180 x 22 = 3,960.
This celebration is totally premature. Save the champagne for after a fall back below S&P 2000.
Nothing is really going to fall until all the big money unloads this garbage on Main St.
Raise rates...hahahahaaa..Raise....bwahahahahhaaaa...we STILL discuss this...like it will happ..hahahaha..en. Long World War, Gold, and disgust.
$43.30 serves as an important level to create a new bullish momentum. The RSI and other indicators are all lining up nicely for when the support at $43.30 holds.
http://tripstrading.com/2015/11/09/oil-daily-43-30-level-as-trigger/
Even Market Watch is leery:
http://www.marketwatch.com/story/new-reports-suggest-october-jobs-blowou...
All I remember is Seal Team 6 taking out Osama bin Lying and then Silver (AU) got smacked down that VERY SAME night.
Then Seal team Six got disapeared before they could talk.
ALL controlled ....until it ain't.
Keep Stackin' Bitchez
Well i guess it is "buy the dip"? This is so pathetic and no viable alternative to stop these unabated thieves.
Sure there is. Get your money out of the system. Hold real assets away from banks. Refuse to buy stocks and if you do take delivery of the actual share certificates. Examine any bank's books that hold any of your cash. Crawl through the books of your stock broker before you open an account. Take your money out of any trapped retirement funds and put your investments in your sole control.
Have cash within reach and a few minor boating accidents where nobody knows the lake.
I guess you could try and game along with this setup. It will work until it does not.
Here are some signs of a coming recession.
1. Business loans for M&A not CAPEX.
http://www.zerohedge.com/news/2015-10-15/there-goes-final-pillar-us-recovery-loan-growth-paradox-explained
2. Factory orders continue to drop
http://www.zerohedge.com/news/2015-10-02/us-factory-orders-flash-recession-warning-drop-yoy-10th-month-row
3. Default risk spikes
http://www.zerohedge.com/news/2015-10-02/us-financials-default-risk-spikes-2-year-high
4. M&A set record
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record/
5. Fed sees 2 bubbles
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
o Commercial Property higher than pre-2007 level.
http://nreionline.com/finance-investment/cre-prices-are-now-officially-above-pre-recession-peak
o Global Corporate Debt Market hits $5 trillion.
http://fn.dealogic.com/fn/DCMRank.htm
Here is how to prepare.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!