Tyler Durden's picture

Something Is Very Wrong At Mexico's Largest Construction Company...





Presenting: the biggest bond implosion yet in the unfolding EM crisis...

 
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Lowest Bid-To-Cover Since 2009 In Ugly, Tailing 5 Year Auction As China Dumping Story Picks Up Steam





Cofirming that China is clearly out of the market for the time being, was the Indirect take down, which at 50.1% was the lowest since October and with Directs of 7.3% not stepping up, it meant Dealers were stucking holding 42.5% of tthe auction, the lowest since January 2014.

 
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Virginia Reporter, Photographer Killed During Live TV Report; "Disgruntled Employee" Gunman Tweets Attack, Shoots Himself





Vester Lee Flanagan - aka Bryce Williams - the gunman who killed two journalists during a live broadcast in Virginia has attempted suicide and is "in a very critical condition", media report.

In a stunning update, the disgruntled employee gunman - has tweeted the moment he killed the two news people... (video has been removed from his twitter and facebook account which are now suspended). While Americans are becoming numb to inner city violence, shooting sprees, and lone gunmen at military installations, the following stunning clip - from live TV at the Bridgewater Plaza in Bedford County, Virginia - of a reporter and photographer being shot and killed is likely to raise the public's awareness of the underlying chaos occurring under the surface in America every day...

 
Tyler Durden's picture

When The FOMC Completely Loses The 'Inflation' Argument





Lost in all the stock market focus is the renewed disaster being signaled across credit markets, “inflation” expectations in particular. Here oil prices and the “dollar’s” darkening intersect with credit and broad financial settings. Quietly, market-based measures of the anticipated future “inflation” path have crashed. It can no longer be transitory, which extrapolates nowhere good for monetary policy, orthodox economics and the actual global economy. The theme for several years now has been that “they don’t know what they are doing” and once more we find that proven by “unexpected” events that were perfectly predictable outside the orthodox bubble.

 
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Third VIX ETF Short Squeeze In A Row Sends Stocks To Low-Of-Day





For the third day in a row, VXX - the VIX ETF - is suffering a dramatic short squeeze (which makes sense given than short interest is 64.08mm shares against 68.1mm shares outstanding). This surge is weighing on stocks which just hit the low of teh day - with Small Caps now in the red.

 
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Full Witch Hunt: Chinese Police Probe Securities Regulator While Securities Regulator Probes Brokers





Not satisfied with having arrested a reporter and a prominent investment banker, China is also looking into alleged improprieties at CSRC, the regulator which runs the CSF equity plunge protection team. Meanwhile, CSRC is conducting its own investigations into multiple brokers. 

 
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Is John Paulson The Biggest Loser From Today's Blown Monsanto-Syngenta Deal





The size of Paulson's stake is unknown, however we do know that the top 20 shareholders top out at about $150 million in SYNN holdings. Assuming a $200 million Paulson stake, that means that Paulson's paper losses were likely $30-40 million today (depending on the price he build up his stake), losses which may have been booked if Paulson decided to cash out.

 
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Burger King’s Proposal To McDonald’s Results In Flame-Broiled Shutdown





BK wants to join forces with McDonald’s to create the McWhopper and support Peace One Day – giving consumers a shot at massive indigestion while supporting a cause. 

 
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Iran Prepared To Defend Old Market Share "At Any Cost"





Iran’s oil minister says his country supports calls for an emergency OPEC meeting to explore ways to shore up the price of oil, but even without such an effort, Tehran is willing to regain its market share “at any cost.”

 
Tyler Durden's picture

China's Economy Is...





Google delivers its verdict...

 
Tyler Durden's picture

Is This Where VIX Is Going Next?





Once again the HFTs appear to be signaling market direction, this time in VIX.

 
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Dudley Says "We Are A Long Way From Additional QE"





And scene: FED'S DUDLEY SAYS "WE ARE A LONG WAY FROM" ADDITIONAL QUANTITATIVE EASING

So... how far is the "away": another 5% drop in the S&P "data"? 10%? 20%? Inquiring frontrunning vacuum tubes want to know.

 
Tyler Durden's picture

Dudley Sends Rate-Hike Odds Plunging, Hammers USDJPY, Slams Stocks





Comments from Fed's Dudley have sparked USD weakness as a sooner-rather-than-later rate-hike appears off the table. USD weakness drags USDJPY lower which in turn fun-durr-mentally slams US Stocks. September rate-hike odds slide to 26% from 28% yesterday...

 
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Dudley Just Killed The Rate Hike: "September Less Compelling; I Hope We Can Raise Rates This Year"





Goodbye September rate hike. From the much anticipated Dudley Q&A:

  • DUDLEY: CASE FOR SEPT RATE HIKE LESS COMPELLING
  • DUDLEY: US DATA GOOD, BUT CAN'T JUST LOOK AT DOMESTIC DATA

Yes, have to also look at domestic stocks.  TSYs jumping on the news, USDJPY flattish until the algos reverse the correlation trackers so tthey can push stocks higher on this latest admission of Fed policy failure.

 
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DOE Confirms Major Inventory Draw, Crude Production Slowest In 3 Months





Following last night's huge drawdown in inventories, according to API, The DOE data shows a huge 5.45mm bbl draw (against expectations of a 3.7mm bbl draw). This is the biggest draw since early June and 2nd biggest draw in 13 months. Production data showed a 3rd weekly drop in a row (4th of last 5 weeks) but of lesser magnitude. WTI crude's reaction was an initial surge to test API-spike highs but then weakness ensued as Fed's Dudley started speaking...

 
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