While everyone was busy celebrating new all-time highs, $ADM, the 35th largest company in the US [According to the last Fortune 500] and about to celebrate the 100th anniversary since their shares started trading on the New York Stock Exchange (they listed on December 24th, 1924!), crashed 24% in a…
Tag:#stocks
NOT EVERY “ALL TIME HIGH” IS THE SAME – YES, THIS TIME IS DIFFERENT
he S&P500 closed at new all-time highs last Friday. Yet, have you noticed way fewer people are celebrating this time around? Yes, because indeed this time is different. In all fairness, Bloomberg tried to kick off the party but published one of the articles that has good chances to make…
TRUIST BANK Q4-23 (INSOLVENCY) SCHIZOPHRENIA?
When was the last time you remember a bank losing $5bn in a quarter, after making $1-1.5bn on average in all recent ones, and jumping almost 5% in price as soon as its #stocks start trading? That’s what happened with $TFC yesterday and in case you haven’t figured it out…
WELLS FARGO – A CASE OF TOO MUCH WINDOW DRESSING AND TOO LITTLE COLLATERAL?
Honestly, at first glance, what #WFC reported for Q4-23 didn’t seem great, but not particularly bad either. Overall, their Q4 seemed quite dull. I was tempted to move on, but as an old habit, I had to read the footnotes first and here we go, I finally came across something…
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…
2024 THE YEAR WHEN “HIDE TILL MATURITY” ENDS
During 2023, we have discussed so often how (ridiculously insolvent) banks have made extensive use of “Hold To Maturity” accounting to the point that it is now more appropriate to rename it “Hide Till Maturity” (TwitterX). Dump any asset with a market value implying a steep loss in the HTM…
YES – THEY ARE IN COMPLETE PANIC
One month ago, I wrote about the “PANIC BEHIND CLOSED DOOR” (TwitterX), and at that time, I literally said: “Imagine what would happen to Joe Biden’s approval rating if the #stocks bubble he inflated to the stratosphere implodes right now. With Jerome out of the game, Joe needed his Janet…
THE RISK OF A $VIX TURKEY BURSTING OUT FROM THE (SOFTBANK) OVEN
Something happened yesterday that has been broadly ignored: the Bank Of Japan printed ~10bn $USD equivalent in $JPY and delivered an adrenaline shot of liquidity to the market. Hold on a second, why the need to inject liquidity through the back door without any apparent need? The answer is straightforward:…
$NVDA (PONZI) “LIES” UNDER $NVDA NOSE
I know a couple of things here and there about running a company, from work and direct experience. One thing is how easy it is to “grow” your revenues when your clients aren’t going to pay for the goods you deliver. Another is to understand whether revenues are real or…
IN A SCRAMBLE TO SURVIVE, SOFTBANK IS KILLING ALIBABA!
$BABA closed the last session crashing 9% after results beating expectations across the board, leaving many dumbfounded. Of course, the media quickly made up a narrative to write a story that could more or less fit the price action: “Alibaba crashes after pulling its Cloud Unit listing due to US…