This week, the deflation trade (growth, yield) got shellacked while the fake reflation trade was bid as global Central Banksters have decided to follow the Fed's lead and implode the global economy at the end of the cycle...
In other words, the Jedi Mind Trick for stunned dunces has gone global:
There is only one problem, the stocks now getting hammered the hardest are the five largest cap stocks in the entire market:
Which leaves fracking stocks now carrying the market:
Banks have been stress tested so we know they won't break again "in our lifetime" which is measured in dog minutes...
The underwriters only supported the stock for about :5 minutes, yesterday...
The real action this week was in virtual currencies (Bitcoin, Ethereum). Bitcoin tested its 50 day moving average twice this week and ended the week heading down again...
Thanks to second half (quarterly) window dressing BTFD "worked again"
For now...
Mind you in a deflationary environment, the rotation to reflation doesn't always "work" as expected:
Banks bounced in line with the surge in fake reflation:
Banks have been stress tested so we know they won't break again "in our lifetime" which is measured in dog minutes...
The dollar got annihilated this week, which is another indication that end of cycle reflation is a total fabrication...
The heaviest week of IPOs since the 2015 top ended with a thud, as IPO "Unicorn" Blue Apron closed today below its $10 IPO list price which was 50% below its recently planned IPO price.
The heaviest week of IPOs since the 2015 top ended with a thud, as IPO "Unicorn" Blue Apron closed today below its $10 IPO list price which was 50% below its recently planned IPO price.
The underwriters only supported the stock for about :5 minutes, yesterday...
The real action this week was in virtual currencies (Bitcoin, Ethereum). Bitcoin tested its 50 day moving average twice this week and ended the week heading down again...
In addition to the now-global dunced narrative regarding fake reflation, that other denialistic narrative that Amazon is the sole reason for the simultaneous implosion of retail (restaurants, autos etc. etc.)...is about to go out the window...
In summary, Skynet almost gave up the whole day's rally in the last 3 minutes...
In summary, Skynet almost gave up the whole day's rally in the last 3 minutes...
Thanks to second half (quarterly) window dressing BTFD "worked again"
For now...
Speaking of ignored volatility risk, we've seen this movie twice before, albeit on a lower risk scale. One time had a happy ending. One time did not.
Volatility is not "broken" as many would assert, it's just waiting for fracking stocks to end their fake reflation rally...
"Who's selling?"
Volatility is not "broken" as many would assert, it's just waiting for fracking stocks to end their fake reflation rally...
"Who's selling?"
