DrStool Posted April 2 Report Share Posted April 2 I almost forgot to give us this day our daily thread. I will sum it up in one word. Doink. New 5 day cycle projection 5175. For moron the markets, see: Gold Goes Space Needle April 1, 2024 Swing Trade Screen Picks – Extended Uptrend Yields Just One New Pick March 31, 2024 Nowhere to Go but Up March 31, 2024 The End Is Not Nigh March 26, 2024 Don’t Stop Never Disbelieving March 24, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 The Magic of Rising Stock Prices Driving Liquidity, Driving Prices March 4, 2024 Tax Collections Took Off in a Stunning Reversal in February March 3, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024 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. Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 3 hours ago, Jimbo said: THE GREAT BOND ESCAPE From 2009-2019 the FED had created the perfect gulag system for free debt. It made all the borrowers...........home buyers, private equity, commercial real estate buyers very very rich. Where bond holders worked away for .....nothing in return. The perfect wealth transfer machine. Until the virus print created all that inflation. Until the great bond gulag escape of March 2022. Now the FED is in full "Band Aid" mode. Its desperately keeping the ten year around 4.25%. Still subsidizing the borrowers. 1 Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 So now that the $125 billion in net new Treasury coupon issuance was put away yesterday, let the deluge of paydowns refill investors' cash coffers. The End Is Not Nigh March 26, 2024 Date Security Type Total Offering Total Publicly Held Maturing Net New Cash or (Pay Down) 04/04/2024 Bills $205,000 $219,006 $(14,006) 04/02/2024 Bills $215,000 $240,961 $(25,961) Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 Here's the impact of the liquidation necessary to fund that $125 billion payment that came due yesterday. Supply absorption ain't free. Next stop 4.50, or instant reversal? The End Is Not Nigh March 26, 2024 Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 Quote Link to comment Share on other sites More sharing options...
SiP Posted April 2 Report Share Posted April 2 Tesla shares fall after deliveries drop 8.5% from a year ago https://www.cnbc.com/2024/04/02/tesla-tsla-q1-2024-vehicle-delivery-and-production-numbers.html Quote Link to comment Share on other sites More sharing options...
SiP Posted April 2 Report Share Posted April 2 Good PMI manufact. data all over the world, no end of inflation in sight. Bonds went down and yields up by even 5% (DE) Quote Link to comment Share on other sites More sharing options...
SiP Posted April 2 Report Share Posted April 2 TLT went down Quote Link to comment Share on other sites More sharing options...
SiP Posted April 2 Report Share Posted April 2 The global conflict in the Middle East, the war in Ukraine, geopolitics and the US/China international fight, the EU Green Deal and many other activities are driving inflation. Got XLE? COPX? Quote Link to comment Share on other sites More sharing options...
SiP Posted April 2 Report Share Posted April 2 There is problem with Healthcare. They didn't agree for new increase in payments. Down. Like unh. Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 Megaphone pattern. Buy the bottom. Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 Quote Link to comment Share on other sites More sharing options...
DrStool Posted April 2 Author Report Share Posted April 2 It's raining money, hallelujah! Date Security Type Total Offering Total Publicly Held Maturing Net New Cash or (Pay Down) 04/09/2024 Bills $205,000 $240,975 $(35,975) 04/04/2024 Bills $205,000 $219,006 $(14,006) 04/02/2024 Bills $215,000 $240,961 $(25,961) $85 billion in a week. That'll start your engines. Gold Goes Space Needle Quote Link to comment Share on other sites More sharing options...
BreakOut Posted April 2 Report Share Posted April 2 “Gold Goes Space Needle” Gee, it’s almost as if a dozen-plus years of “not actually printing” money has, shall we say, actually, consequences? Quote Link to comment Share on other sites More sharing options...
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