Jorma

Do they dare let TNX breach 8? It doesn't look to me like a significant number on the charts.

RE from Liquidity Trader. "Why they didn’t spend more to boost the Regime’s election chances is, to paraphrase Churchill a mystery, wrapped in a fiddle, inside of an enema. We may never know." Of course we know. Congress did not appropriate the spending so there it sits in the Treasuries Account. Why congress didn't appropriate more spending for 'stimulus' is easy as well. The GOP lead Senate will not consider any spending that sends free money to Untermenschen. Not before the election anyway and if Trump loses then this Senate, which ends on Jan 3, will not spend much or any more..

It's like watching a cartoon of a market.

Bullish

The funny thing about the two day circle jerk about stimulus is that McConnell says he isn't going to bring a bill to the floor because many GOP Senators won't vote yes for it. So no stimulus is coming. If the GOP holds the Senate there may never be if Buden wins. If Trump 'wins' I expect endless trillons. This was documented at the top of the NY Times page all day Friday.

VIX crush on Thursday?

Let's see what happens when Trump comes down off his roidrage.

I'd think they might want to nip this up move in Treasury coupon rates in the bud.

You have been performing experiments in your spare time? Probably not a good way to ingratiate yourself with your new neighbors.

Pssst. Buy Clorox

That was one of the best documentaries I've ever seen.

They staunched the bleeding in Treasuries but now oil is staggering.

It's like the good old days. Stomp on Treasury Coupon prices pre auction so the Dealers can sell them at higher prices later.

I think you know the answer to that.

I'm stuck on the idea that they can't hold oil over 40. They will have to defend 30 then 20. The bet is that the inflation of ephemeral tech 'assets' trumps the deflation of the worlds leading hard asset. We will see.

Now we just have to wait of McConnell to declare a stimulus package is back on the table. Everyone seems to have missed that Trump swung back to support late last week. That was sort of walked back by Chief of Staff Meadows but he will go where the boss says to go. Trump nixed the earlier stimulus bills because it had extra money for the PO.

Fed Head Kaplan on CNBC actually pointed out that stock/GDP ratio is in record territory and that a correction could be "helpful". He also said, I am going by my news ticker, that his forecast for strong Q4 growth is contingent on stimulus.

That $1.5TN sitting in the Feds checking account amounts to 7.5% of GDP. I wonder if they had spent $1TN of it, 5% of GDP, it would have boosted the economic numbers? Well I'm not really wondering. There is a small window to still pass some spending to boost the numbers pre election but time is running out. If nothing passes and BIden wins I doubt any new stimulus/relief will pass until the next congress as nothing will come out of the Senate. Don't underestimate how bad things could get before next spring. But that's far off. Right now not having spent that free money is perhaps the

If your a fan of higher lows then the ES chart is porn.

Ideally the market will sell off today and tomorrow and on Monday a new stimulus package will appear out of the Senate.

UVXY the 2X VIX ETF, according to my info which I can't paste, was started in Oct. 2011 at a price equivalent of 244,800,000. Now 21.

It's been quite a feat of levitation to keep oil up near $40 all summer. Gas prices didn't budge over the holiday. That never happens. Well Christmas 08. The worlds most valuable asset isn't what it used to be.

Confederate Navy suffers its worst defeat in 155 years https://www.nytimes.com/2020/09/05/us/Texas-boat-parade-trump.html