Featured Story
BanksterCrime:
Personal Consumption growth slowed (3 months ago) and so did Core PCE inflation (to 2%); Jobless claims fell (to 2023 lows) as the LEI continued to tumble, signaling recession in 1H24.
So, ‘goldilocks’, ‘soft landing’, ‘everything is awesome’, or ‘we are all going to hell’ – pick your own narrative… as economic data remains sluggish and financial conditions dramatically ‘loose’…
Source: Bloomberg
All of which prompted a dovish response in STIRs, with the odds of a March rate-cut higher still, now at 80%)…
Source: Bloomberg
And expectations for the number of rate-cuts next year higher (now around 160bps)…
Source: Bloomberg
Echoing yesterday’s malarkey, 0-DTE traders pushed the markets around to the downside with an initial downswing around 1130ET and then again from around 1330ET. And then as the market refused to fold in the afternoon (like it did yesterday)…
…0-DTE call-buyers swamped it and sparked a surge higher in the main indices…
VIX spiked intraday back above 14.5, but then in the afternoon, vol-sellers re-appeared
But, the recent squeeze higher in stocks has not been backed by vol compression…
Small Caps were the best performer, up 1.5% on the day and The Dow was the laggard, though all the majors were green. However, as the chart shows, today’s recovery was considerably less of a gain than the losses yesterday afternoon – still down around 0.5% from the 1430ET raid plunge yesterday…
MAG7 stocks opened higher, traded down into the red briefly then recovered…
Source: Bloomberg
Treasury yields were higher across the curve but not significantly relative to recent chaos, with the long-end slightly lagging (30Y +4bps, 2Y +1.5bps)…
Source: Bloomberg
With the yield curve (2s30s) steepening
Source: Bloomberg
The Dollar dived, falling back below the post-Powell lows, back to its weakest since early August…
Source: Bloomberg
Bitcoin rallied back up to $44,000 once again and faded…
Source: Bloomberg
Gold jumped back up to recent highs…
Source: Bloomberg
Oil prices ended slightly lower, but well off their lows, with WTI just below $74…
Source: Bloomberg
Finally, the market seems very sure that this is not about to happen…
Source: Bloomberg
Do you feel lucky?
Treat your skin well. Our soaps are gentle and produce a smooth, creamy lather that is nourishing to your skin. They are handmade in small batches. We use only high-quality natural ingredients. No chemicals, no sodium laurel sulfate, no phthalates, no parabens, no detergents. GraniteRidgeSoapworks
Revelation: A Blueprint for the Great Tribulation
A Watchman Is Awakened
The Future Has Already Been Written
Will Putin Fulfill Biblical Prophecy and Attack Israel?
JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Will Be Close Temporary Very Soon, Welcome to Fed Now CBDC
By StevieRay Hansen | December 21, 2023
Three Wall Street Mega Banks Hold $157.3 Trillion in Derivatives – That’s $56.7 Trillion More than the Entire World’s GDP Last Year
By StevieRay Hansen | December 20, 2023
David Webb Has an Incredible Bio, and Came From a Family Deeply Involved in Freemasonry. He Was a Successful Wall Street Manager for Years, and Now Lives in Switzerland Where He Owns Farmland. He Is Originally From Cleveland
By StevieRay Hansen | December 18, 2023
It Seems We Have Hit A Point Where A Wall Is In The Way Of “Kicking The Can” Much Further
By StevieRay Hansen | December 18, 2023
The New York Fed Has Extended Its Half Trillion Dollar Bailout Facility to a Sprawling Japanese Bank You’ve Never Heard Of
By StevieRay Hansen | December 15, 2023
Wall Street CEOs Want the Line Between a Federally-Insured Bank and a Wall Street Trading Casino Erased; Regulators Want Higher Capital to Prevent That
By StevieRay Hansen | December 14, 2023
Don't Miss
2/13/24: Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today
By Pam Martens and Russ Martens: Jamie Dimon Being Sworn In at House Financial Services Committee Hearing, May 27, 2021 On January 17 of this year, during…
2/12/24: The U.S. Treasury’s Financial Crisis Warning Bell Didn’t Ring Before the Repo Crisis of 2019 or This Year’s Bank Runs
BanksterCrime: By Pam Martens and Russ Martens: The Office of Financial Research (OFR) is a unit of the U.S. Treasury Department. OFR was created as part…
2/9/24: The Bank Crash Is Near, NYCB Downgraded to Junk; Shocking Charts for Citigroup, Barclays and Deutsche Bank
By SRH, Soon after the three bank failures, Joe Biden said “Americans can have confidence that the banking system is safe” and “your deposits will…
2/7/24, SRH: Reporters Who Ask Tough Questions at Fed Press Conferences Often Disappear. Don’t Mess With the Feds or You’ll Vanish!
BY SRH: He Federal Reserve Recently Disclosed Its Preliminary Income and Expenses for 2023, Revealing an Unprecedented $114.3 Billion in Operational Losses. The Federal Reserve…
2/6/24: Jamie Dimon Has Spent $117 Billion Propping Up JPMorgan’s Share Price with Buybacks in 10 Years; He’s Counting on Trump’s MAGA Crowd to Rescue Him
By Pam Martens and Russ Martens: February 5, 2024 ~ Jamie Dimon, Chairman and CEO of JPMorgan Chase On January 19, Jamie Dimon stunned CNBC viewers when…
