Fed Lack Of Confidence Sends WTI Crude To $33 Handle Even As Dollar Dumps

Tyler Durden's picture




 

The FOMC Minutes hardly rang loudly and proudly of the strong economy that warrants rate hikes... and crude is tumbling.

 

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Wed, 01/06/2016 - 14:15 | 7005889 HedgeAccordingly
Wed, 01/06/2016 - 14:16 | 7005912 Burt Gummer
Burt Gummer's picture

Sure am glad I bought that Tesla, it's so much cheaper then........ oh wait.

https://www.youtube.com/watch?v=sZ86Us0fXKk

Wed, 01/06/2016 - 14:20 | 7005931 froze25
froze25's picture

Buy on the dollar dump, its only very temporary. This is the year of the Dollar as all other "assets" fall against it.

Wed, 01/06/2016 - 14:43 | 7006036 Kolchak
Kolchak's picture

lol maybe on the planet you live on, in my world everyone is abandoning ship in every dark room on the globe. Soon to be in every lit room as well.

Wed, 01/06/2016 - 15:10 | 7006187 Spitzer
Spitzer's picture

Nope. The Euro has been up on every day that US stocks are down since August. Remebr the everything is down post last week here ?.Tyler failed to mention that the Euro was just up against everything

Wed, 01/06/2016 - 14:30 | 7005978 Winston Churchill
Winston Churchill's picture

Fire sale ?

Wed, 01/06/2016 - 14:28 | 7005972 junction
junction's picture

As the American economy burns to the ground, Obama fiddles around with background checks for law abiding citizens.  No background checks for those murdering jihadists flooding the West thanks to Obama's wars in the Middle East for his Saudi masters.

Wed, 01/06/2016 - 14:14 | 7005894 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. THIS IS GETTING EXCITING. 

Wed, 01/06/2016 - 14:18 | 7005919 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

LOL Did I give a tell?

Wed, 01/06/2016 - 14:18 | 7005916 Winston Churchill
Winston Churchill's picture

DEPENDS,DEPENDS,DEPENDS.

Wed, 01/06/2016 - 14:19 | 7005923 Kaiser Sousa
Kaiser Sousa's picture

prepare accordingly....

behold the v-shaped pump about to take place in all its fraudulent glory...

we'll talk later.

Wed, 01/06/2016 - 14:21 | 7005940 KnuckleDragger-X
KnuckleDragger-X's picture

The pumps are becoming less effective since nobody wants to buy toilet paper......

Wed, 01/06/2016 - 14:40 | 7006015 Kolchak
Kolchak's picture

That's actualy something of value, be nice to the all mighty TP, better yet pension equities may be the way to go for shit value.

Wed, 01/06/2016 - 14:48 | 7006071 edifice
edifice's picture

We'll be paying Zimbabwe TP prices, soon: $1,000,000 per pack.

Wed, 01/06/2016 - 14:19 | 7005924 KnuckleDragger-X
KnuckleDragger-X's picture

Ready or not, the 20's are right around the corner.....

Wed, 01/06/2016 - 14:28 | 7005937 Dr. Engali
Dr. Engali's picture

Okay grandma, give the wheel back to the Bernank. Now there's a man who knows how to throw a party.

Wed, 01/06/2016 - 14:21 | 7005943 cinderalle
cinderalle's picture

are the elite shorting the dollar now! coz its the elite who decide where every thing is heading

Wed, 01/06/2016 - 14:24 | 7005951 Consuelo
Consuelo's picture

Funny, 'ole Uncle Jim Willie was just talking about a falling oil price connected with a falling $dollar.

Wed, 01/06/2016 - 14:25 | 7005958 ooga
ooga's picture

Cant wait for it to go to $20, picked up some USO, will buy more @ $20 ofcourse...

Wed, 01/06/2016 - 14:47 | 7006063 edifice
edifice's picture

Me, either. Will start buying at $30.

Wed, 01/06/2016 - 15:11 | 7006195 Himself
Himself's picture

ooga, I'm interested in a crude oil etf myself. Any reason for USO over the other etf's?

Thu, 01/07/2016 - 10:43 | 7010973 edifice
edifice's picture

To answer your question: USO basically follows WTI Crude futures. If you want something directly linked to oil, USO is your best bet. The fees are high, though.

Wed, 01/06/2016 - 14:25 | 7005961 pndr4495
pndr4495's picture

Where did " THE ABSOLUTE FLOOR of $40.00 " head to? Some State Governments will have a lot of 'splainin to do to their taxpayers, especially when there's talk of an imminent tax increase to cover unfunded retirement liabilities. I am thinking particularly of the state of New Jersey.

Wed, 01/06/2016 - 14:37 | 7005997 Kolchak
Kolchak's picture

" I am thinking particularly of the state of Every Fucking State"

May as well update your post.

I will not loose any sleep when the nanny sucking pension whores don't get shit, that's what they deserve.

Wed, 01/06/2016 - 15:33 | 7006330 Arnold
Arnold's picture

Weapons fire might keep you awake.

 

http://www.soundproofing.org/infopages/ear_muffs.htm

Wed, 01/06/2016 - 14:43 | 7006032 NYPoke
NYPoke's picture

The Dollar is dumping, because they haven't included the Yuan yet.  We have a Dollar Run in progress and only Crude is really showing it (the Petro-Dollar lives).

Wed, 01/06/2016 - 14:56 | 7006106 _ConanTheLibert...
_ConanTheLibertarian_'s picture

How can you have a run on the $ while it's dumping? Does not compute.

Wed, 01/06/2016 - 15:03 | 7006135 NYPoke
NYPoke's picture

The Yuan isn't included in the Dollar Basket.  It is not showing.

 

We are in a transition period for currencies.  When the IMF includes the Yuan, next October, I'm assuming the Dollar (DX/USD) will be rebalanced.  In the meantime, we aren't seeing real world data with DX & USD.

 

Crude (the Petro-Dollar) is showing it.  Crude down; Dollar Demand up...or not.  It does look that way though.

Wed, 01/06/2016 - 16:17 | 7006619 _ConanTheLibert...
_ConanTheLibertarian_'s picture

???

Wed, 01/06/2016 - 15:00 | 7006112 hound dog vigilante
hound dog vigilante's picture

Sure... the Fed is a private cartel, we all know this...

But at least Greenspan/Bernanke knew how to rig/manipulate conditions to align with their policies... evil, but competent.

 

However, the Yellen Fed is simply shitting the bed.

Recessionary signals are everywhere, but Yellen/Fed just embarked on a rate hike program a couple of weeks ago. It is starting to look like Yellen is indeed the designated "fall guy", otherwise markets & metrics would now be reflecting Yellen's desired environment/policy. 

If Yellen is being 'set-up' to take the fall, then what does this imply for markets/economy in 2016?  Perhaps "betting against the Fed" is finally going to pay out...

Wed, 01/06/2016 - 15:09 | 7006180 Youri Carma
Wed, 01/06/2016 - 15:58 | 7006488 surf@jm
surf@jm's picture

LMAO!.....the dollar and the price of oil collapsing together, even after a supposed rate hike?.....

Must be CNBC`s definition of recovery......And just think, if you vote for Hillary, or a Repub RINO, you can get the stability of the same wonderful economic policies..........

Wed, 01/06/2016 - 22:24 | 7008635 northern vigor
northern vigor's picture

I know why Obama is crying...his legacy just went down the toilet in a quick vortex.

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