Let’s be honest, no one would have bet on all the #Mag7 #stocks to close red on the first trading day of 2024, led by #AAPL down 3.58% (and it could have been worse without that relief #7bn MOC #stocks pump that put some lipstick on the #Nasdaq pig snouts…
Category:Markets
DID THE MARKETS JUST HIT A SPEED BUMP OR A WALL?
US CPI came in hot, to the surprise of many, but not us, as we have been talking about this for the past 3 weeks, right? (TwitterX). What honestly surprised me is that #stocks didn’t manage to follow the usual script once the latest US CPI was released, although they…
WHEN THE #SEC (CAT) IS AWAY, THE MICE DANCE
When I woke up this morning, I couldn’t believe my eyes. I had finished drafting this post before going to sleep, and the first thing I see on @X after waking up is Gary Gensler’s post claiming that the @SECGov account was hacked and that the #Bitcoin ETF wasn’t actually…
WARNING: SOMETHING BROKE!
Yesterday, we were discussing the signs of “Panic behind closed doors” (TwitterX), today we have 100% certainty that something big enough to justify extreme actions from the US Government and US Regulatory Agencies broke somewhere. How else we can justify the SEC is still holding back the “Fails To Deliver…
PANIC BEHIND CLOSED DOORS
So, as I wrote 24h ago, it was clear to anyone paying attention that the Bank Of Japan put itself in a very dangerous spot (TwitterX). Back in 1992, when the Bank Of England was in danger, the Bundesbank cut rates 25bp even if it didn’t make any sense for…