Featured Story
Stocks are down for the 3rd week in a row – yeah we know!!! – leaving levered-call-buying RH’ers facing something they likely haven’t seen in their trading careers (this is the longest losing streak since August 2019)…
The Dow ended the week almost perfectly unchanged.
This leaves The Dow down over 3% YTD and the S&P 500 up just over 2% YTD…
Source: Bloomberg
Is it time for The Fed to start “getting back to work” on their balance sheet now that rates are impotent…
Source: Bloomberg
All that ‘work’ and “you get nothing”…
The Nasdaq 100 is down over 12% from record highs (so much for BTFD)…
The S&P 500 and Nasdaq closed below their 40DMAs. Small Caps managed to bounce off the 50DMA (after breaking below) and The Dow bounced perfectly off it…
FANG Stocks plunged to their lowest since late July (down 17% from the highs)…
Source: Bloomberg
Very choppy week in quant-factor land with Value and momentum swapping places day after day…
Source: Bloomberg
Notably, Quad Witch sparked some shenanigans in the vol-stock complex today…
Source: Bloomberg
And the Gamma pivoted around 270 Strike for Nasdaq QQQ…
Despite equity weakness, Treasury yields rose very modestly on the week…
Source: Bloomberg
The Dollar Index fell this week, after two weeks of gains…
Source: Bloomberg
Cryptos were largely higher on the week (Litecoin lower), led by Bitcoin
Source: Bloomberg
Bitcoin was, however, unable to hold on to $11k…
Source: Bloomberg
Oil dominated commodity-land with copper also higher and PMs marginally so…
Source: Bloomberg
Gold remains increasingly range bound…
And a big reversal in WTI (back above $41)…
Ags had a huge week as Corn, Soybeans soared on China chatter…
Source: Bloomberg
Finally, 1930 called again…
Source: Bloomberg ZeroHedge
StevieRay Hansen
Editor, BankstersCrime
God often uses men who are not of the best moral character. Pharaoh, Nebuchadnezzar, Cyrus, Herod, and Trump (amongst others), to accomplish His will in events He orchestrates during human history. We either trust the sovereignty of God or we don’t. Nothing happens apart from Him…
The best index to a person’s character is how he treats people who can’t do him any good, and how he treats people who can’t fight back…
The Birth Pains Are Growing Stronger….
One of the signs of ruling class collapse is when they can no longer enforce the rules that maintain them as a ruling class. When the Romans started making exceptions to republican governance, it was a matter of time before someone simply decided the rules no longer applied to them. Perhaps the robot historians will consider Obama our Marius or Sulla. Maybe that person is in the near future. Either way, the rule of law is over and what comes next is the rule of men.
“Don’t piss down my back and tell me it’s raining.” Outlaw Josey Wales
WE NOW LIVE IN A WORLD THAT IS PURE FABRICATION
Don't Miss
Bank of England-Backed Project: CBDCs Could Enable ‘Programmability’ for Money
The ‘Project Rosalind’ software trial found that central bank digital currencies could enable smart contract-like features for transactions. By Alys Key Jun 19, 2023 While central…
JPMorgan Is Alleged to Have Used Its Hedge Fund’s Private Jet to Engage in Sex-Trafficking for Jeffrey Epstein
HNewsWire: By Pam Martens and Russ Martens: June 19, 2023 ~ Attorney David Boies with Virginia Roberts Giuffre at Jeffrey Epstein Court Hearing in New York,…
Banks that Put Up $30 Billion to “Rescue” First Republic May Have Been Trying to Rescue their Own Exposure to $247 Trillion in Derivatives
HNewsWire: By Pam Martens and Russ Martens: June20, 2023 Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish…
JPMorgan Had a Secret Project that Is Now Spreading Its Scandalous Internal Emails with Sex Trafficker Jeffrey Epstein to News Outlets Worldwide
By Pam Martens and Russ Martens: June 22, 2023 ~ Jeffrey Epstein (left); Jamie Dimon (right). According to unsealed documents released this week by the U.S.…
Here’s the Bitcoin and Ethereum link that is likely to offer higher returns on these alts
When was the last time Altcoin Market Cap turned its old 2014 highs into support? With ETH’s price rally above $3200 level, altcoins have started rallying again.…
