DrStool Posted August 1, 2023 Report Share Posted August 1, 2023 I am in the midst of a difficult travel day today. This is all I have for now. The picture speaks for itself. You know what to do. Rally is Tired But Here’s Why Not to Go Short https://liquiditytrader.com/index.php/2023/07/31/let-the-scary-pictures-on-primary-dealer-financing-do-the-talking/ For moron the markets, see: Let the Scary Pictures On Primary Dealer Financing Do the Talking July 31, 2023 Rally is Tired But Here’s Why Not to Go Short July 30, 2023 Gold Marks Time July 26, 2023 Full Load of Longs, But Adding 2 Shorts July 25, 2023 Market Looks Poised July 24, 2023 Correlations Don’t Matter Until They Do, Like Now July 23, 2023 Swing Picks Following Gold’s Yellow Brick Road July 18, 2023 Withholding Tax Rebound Sets Up a Bearish Fed Catch 22 July 6, 2023 It’s Not Your Daddy’s Liquidity Anymore July 5, 2023 We Now Know What is Driving the Rally June 20, 2023 The Fed’s Slush Fund is Working June 16, 2023 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 uglies PMIs in Europe Ugly numbers from China Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2023 Author Report Share Posted August 1, 2023 Well my first train to my first connection was too late to make the connection. But I've learned from traveling here in Germany that their train system has a web of alternatives. You just need to get to your starting point early. DeutscheBahn had sent notifications that the train was late. I had arrived at the Heidelberg HBF station about an hour early. So I opted for a slower, local train that would leave 45 minutes before my scheduled ICE high speed train and get me to my connecting station in Karlsruhe 20 minutes ahead of the time I needed. The local was packed and I couldn't sit but I made my connection easily. I'm now on a comfortable high speed ICE train traveling at speeds of up to 200 mph to my next connection point of Basel, Switzerland. I chose Basel so that I could take a few hours to go and view the Basel III Accords. It's like going to see the US Constitution in Washington, or the Magna Carta in Rome, or the Declaration of Independence in Philadelphia. Only its for banks. I'm very excited. 1 Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2023 Author Report Share Posted August 1, 2023 Here's a photo of the cover page from the secured case holding the document. I'm very emotional. Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted August 1, 2023 Author Report Share Posted August 1, 2023 I've been telling you guys for years that the BLS rent component is a fraud and that because of the way it is constructed, it will lag the market by 6 months to a year. Even Zillow uses smoothing that causes a bit of lag. Take a look at Apartment List or Yardi, or Zumper for accurate current market rent levels. Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 Link to comment Share on other sites More sharing options...
fxfox Posted August 1, 2023 Report Share Posted August 1, 2023 2 hours ago, DrStool said: I chose Basel so that I could take a few hours to go and view the Basel III Accords. It's like going to see the US Constitution in Washington, or the Magna Carta in Rome, or the Declaration of Independence in Philadelphia. Only its for banks. I'm very excited. Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 Oil, energy, USD, EMFX, rates. Something is happening. It might just be a noisy bounce, but too many things are moving in sync to merely dismiss it. Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 TLT etf testing lower band of the downside channel Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 income taxes are dropin which suggest softer labour market? Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 Link to comment Share on other sites More sharing options...
SiP Posted August 1, 2023 Report Share Posted August 1, 2023 96 COUNTERPARTIES TAKE $1.740T AT FED REVERSE REPO Link to comment Share on other sites More sharing options...
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