Tyler Durden

We are working on it, should be rolled out soon

Right now we are in "bad news is bad news" mode: last month's retail sales beat sent stocks soaring, so expect more of the same, especially since the Fed will cut at least 25bps either way (inflation is no longer a gating factor, at least for now). The biggest risk for markets right now is that the Fed is cutting into a recession, which as we noted before, is the one time stocks dump into an easing cycle (see here and here).

Actually, the idiots are spot on quite frequently: "As Stocks Soared Last Week, Hedge Funds Resumed Selling: Goldman Prime"

It's worse: most of it is money from Japanese farmer pensions (the bank is the country's largest agricultural lender).

See: "The Bank for Japanese Farmers That Fuels the Global Lending Market" from 2019

Norinchukin Bank, a 95-year-old bank that holds around $600 billion in deposits from Japan’s agricultural and fishing collectives, has amassed a significant share of the estimated $700 billion global market for collateralized loan obligations, or CLOs—complex investment vehicles that buy more than half of U.S. loans to junk-rated companies.

On Bloomberg, use the ticker GSXUMIDC Index for middle-income. The High and Low indexes are GSXULOCN and GSXUHICN.

Certainly not as cheap as when we first told you to buy it at $230 in 2015. That said we can't wait for the endless snarky commentary when it is over $1 million in a few years.

Maybe read the article you are commenting on?

"guaranteeing that any pretense of a 2% inflation target is dead and buried, something which wasn't lost on gold and silver, both of which have soared ever since Canada cut rates first yesterday..."

Bingo. And the Fed wants to cut too, it just needs an economic datapoint "excuse" to do so. A big CPI miss next week would be just that.

Actually they did, just needed a reminder which we gave on April 22 which also marked the recent bottom: Read "Stocks Surge In Massive Squeeze As Traders Frontrun End of Buyback Blackout Period" from April 22, i.e., the coming buyback spree is something our subscribers certainly knew about.

Well... yeah, since Sept 2015 when it was $225 and when we told readers to buy it and explained why.

It's up 285x since then in less than a decade, making it the best performing asset class in the history of the world.

So yeah. Lol.

No, just dealer gamma turned negative below 5100. Very difficult to sustain a rally with gamma negative.

From April 29: Dealers Flip Short Gamma Just In Time For Wednesday's FOMC

We had a debate on the fate of the US dollar two months ago. You can see it here. You can watch all of our historical debates at this page.

All of the above is just to avoid a crash before November. After that, run

If you are a major bank you have no choice but to play along with the charade.

it is

And four days ago it was at an all time high of $73,000.

If you can't stand the volatility, maybe it's not for you though.

better question is what happens to the AI data centers that will be soaking up 50% of the power grid juice in 10 years

Actually the question is not "who was president in 2018" but why has job creation for native-borns been so low since 2020. Here is the chart.

How do you think management whitewashes its incompetence?

typo - energy (which is used to fund tech longs).