WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday urged G7 finance leaders to “go big” with additional fiscal stimulus to recover from the coronavirus pandemic and told them that the Biden administration was committed to multilateral engagement and fighting climate change.
can we count on terrible data to close with US indices at new ATH today?
Mtl JP 10:40:36 GMT - 02/11/2021
Hu Xijin 胡锡进
China state-affiliated media
Choosing to hold phone call today (除夕) shows Biden is willing to send the message that he respects President Xi and China. He hopes the US can maintain bottom line of no conflict while engaging in strategic competition with China. He wants his intentions to be fully understood.
Mtl JP 23:52:26 GMT - 02/10/2021
10-yr 1.130% (i.e down) and
DLR at 90.39 (uP off its 90.22 LoD)
this after powell's mushroom feeding
and a sobbing and bleeding "with our collective efforts across the government and the private sector" heart appeal to help "make sustained progress toward our national goal of maximum employment."
Lets see how this proclivity to "collective efforts" - notice how suddenly he is pitching at least half the responsibility over to "private sector" - works out. Sounds to me like jerome and gang are out of a/effectivity
if they are begging for collective effort
maybe he' ll diss janet's hallucinations about her recent full employment spewings
Mtl JP 18:48:56 GMT - 02/10/2021
powell yaks at top hour (at econ club of ny)
- not sure what new he can say in addition to what he has said already
unless... he ll hint at some change
Israel MacroMicro 18:28:46 GMT - 02/10/2021
BoC published official warning about BTC
each past warning from a central bank brought a rally of 25%
Mtl JP 15:43:42 GMT - 02/10/2021
bailey yaks at NY noon. one hr later yaks tenreyro. (she likes nega-rates)
I doubt the professor will any reaction from market as nega-rates yik-yak is basically a poof! theme.
players are probably already discointing the posi-effects of unlocking the lockdowns judging by gbp's price-action
Mtl JP 15:06:40 GMT - 02/10/2021
chief mushroom feeder powell
be spreading fertilizer at 2pm NYT
Israel MacroMicro 13:53:41 GMT - 02/10/2021
solar energy = silver
batteries = nickel
charging stations = copper
dc CB 13:47:42 GMT - 02/10/2021
the 10y just got a boost from the CPI number.
(justintime) as it gets offered today---1PM results
Macau Steven 10:56:09 GMT - 02/10/2021
Just put on seat belt. Enjoy parabola to break $202,100 sometime this year
Belgrade Knez 10:38:45 GMT - 02/10/2021
yes, you are right but some banks that were servicing btc (HSBC etc) stop doing it so it may take effect on value
Macau Steven 10:35:17 GMT - 02/10/2021
Bitcoins are traded in crypto exchanges not banks
Belgrade Knez 10:07:45 GMT - 02/10/2021
more and more banks stop servicing bitcoin .... looks like no matter how high it goes, people will be virtual millionaires only
london red 10:05:45 GMT - 02/10/2021
early candidate for post of the year from JP
Mtl JP 09:05 GMT 02/10/2021
all what u say is true but u can take a horse to water but u cannot make him drink///no cure for stupid as mr JM says rightly.
however. if money is no object. it isnt is it? maybe administration set up as part of stimi, some stock accounts where gains are tax free until taken out of that account. for all the plebs spending stimi on playstation, takeaway etc. lower income folks. 2k stimi 2k trading account, free returns until they pull out cash. some will pull out but some will increase value (not fking hard in usa stox after all) and who knows some may add more own cash and join the money train.
as side note, to biden admin, if u intend to use my $hit i expect to be compensated...
london red 09:59:10 GMT - 02/10/2021
abel its coded to go to infinity. and will head that way til event takes it out. which will happen eventually. will. until then to the moon even with huge drawdowns nothing will stop it til that day comes.
jkt abel 09:56:11 GMT - 02/10/2021
will fuel btcusd even more to the upside, after all btc doesnt care if it goes to 1million against usd, the more the merrier, no need to worry about inflation, export import etc etc
Mtl JP 09:20:00 GMT - 02/10/2021
maybe soon we will see a ccy war (dlr vs almost everything else)
overt or not
Mtl JP 09:18:02 GMT - 02/10/2021
Qs and As
Mtl JP 09:05:04 GMT - 02/10/2021
viies 19:44 Feb 9, 2021 thnks god they print to help out hard working americans ::))))
red - I believe - had a good idea his (but not only) 10:58 Jan 11 post.
In other , more complicated words, what we are witnessing is known as "opportunity cost": those who , for whatever reason, are not loaded up in stock market, are missing out on "return". Why is that significant ?
Because those who are IN stocks, are the ones who will covered against "inflation" whether it comes this month or next year. Those who have "assets" that are already rocketing uP in price - leaving price of "direct deposit ($600 or 1400), tax hikes etc aside - the reality is that since January (ytd) SnP is has returned 4.27% ie. 100K in just SnP has drooled $4k into pocket (nazdac $9K) and I am not talking about some specific stock but about index! Bottom line is that on annual basis the stock market is currently dripping more than decent return.
So this "opportunity cost" that - on a societal basis - is between those who for whatever reason are not in the market and those who are in - is digging an enormous chasm. The ridiculous part is that while the economy is dizzy, taxpayers suffers, salary(wo)men are losing jobs, are losing income all the while, there are folks who , dichotomically, are here and now making more moola than they ever made in their lives. It is almost indecent: interest at zero, economy in the doldrums and yet market returns gigagobs. Whowoudufftot eh ?
So , bottom line, the chasm between those who are invested in the market and those for whatever reason are not, only grows. Talk about "rich vs poor" gap, social fabric tear and "injustice" growing ! Sad, some would say...
But a fact remains: why do folks hesitate to borrow at low low interest in order to "invest" in market (risk some say) but do not hesitate to purchase physical goods (F-150 ex) at relatively crazy interest knowing that the instant they sign they lose 20% + ?
Here is where psychology of human brain comes in:
folks prefer instant satisfaction from an object here and now over gains in the future even as , rationally, the better course of action is to position-invest for future gains... because in the brain lurks the notion that "I could lose". Who has the brain and means to borrow to invest ? Those for who "risk of loss" does not matter - as they have the means. And so ... the social rich / poor chasm grows. And grows.
Hence my argument about "opportunity cost" . I give full credit to the "policy makers" for absolutely crappy and incompetent communication, in contrast with red on Jan 11 that he did so eloquently well.
Mtl JP 05:47:49 GMT - 02/10/2021
us stocks looking uP -> ...
awwww... u already know the rest of the ditty
USDx at 90.36, euro 1.2127
Macau Steven 02:22:16 GMT - 02/10/2021
You can buy a brand new Tesla X in US with 1 bitcoin in middle of 2021
Israel MacroMicro 21:47:03 GMT - 02/09/2021
Although Tom Brady was the MVP of the night after routing the Kansas City Chiefs for his 7th Super Bowl victory, it was another Florida man who may have struck it rich for his on-the-field antics to the tune of $374,000.
31-year-old Yuri Andrade, who hails from Boca Raton, was the upstanding citizen arrested in the 4th quarter of Super Bowl LV after he took the field and made a mad dash for the end zone while stripping off his clothes to reveal a pink unitard underneath.
lakewood jjlkwd 21:08 GMT 02/09/2021
if you would have bought the stock you could afford a few teslas today !!!!
but then maybe one of those could turn out to be a fire bomb that goes off in your attached garage and after losing your house you spend the next 5 years suing Elon.
hindsight is always 'riskless'
have your neighbors turned into Rhinoceros yet? lol
Israel MacroMicro 21:18:19 GMT - 02/09/2021
lakewood jjlkwd 21:08
hehehe, the open wounds are mine, the salt is from you for free, a party! - with this way of thinking, Elon Musk's capital was to fill my smallest wallet :)
dc CB 21:11:22 GMT - 02/09/2021
if you have any doubts that we are living in a 'simulation'
owns TSLA and Greyscale Bitcoin Trust - GBTC
So far, in 2021, investors have poured almost $11 billion into Wood's funds, according to Bloomberg. ARK's funds focus on ESG investing, EVs, genomics and fintech. And while Bloomberg notes her "eye popping returns" are catching attention, there has been nary a discussion about how the valuations of ARK's underlying ETF components have ballooned with the markets at all time highs.
because that's where all the 'stimi' dollars will be spent. Small bidnesses are Out of Bidness thanks to Luck U Downs as those businesses were deemed non-essential.
however, that is a subject that shall not be discussed. Just like there was a time that you could not utter the name of god --yawee or something like that. MM shud be up on that history.
Israel MacroMicro 19:03:03 GMT - 02/09/2021
seriously, all that stimulus turned into a sad joke. more than 75% of the money goes to fill pockets and not to solve problems.
officially, I gave up about to understand what THEY are doing
Mtl JP 18:58:08 GMT - 02/09/2021
business leaders or business losers ?
President Joe Biden and Treasury Secretary Janet Yellen will meet Tuesday with a handful of top U.S. chief executives to discuss the proposed $1.9 trillion COVID relief plan, the White House said, as Democrats aim to rush the proposal through Congress.
The afternoon meeting will include JPMorgan Chase’s JPM, -0.54% Jamie Dimon, Walmart’s WMT, +0.49% Doug McMillon, Gap’s GPS, -0.99% Sonia Syngal, Marvin Ellison of Lowe’s LOW, -0.54% and Tom Donohue, the CEO of the U.S. Chamber of Commerce. Vice President Kamala Harris will also join the meeting. .../..
Yellen, stimulus and cut-offs
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House’s proposed $1.9 trillion coronavirus relief package.
“The exact details of how it should be targeted are to be determined, but struggling middle class families need help,” Yellen said on CNN’s “State of the Union.”
(in honor of Super Bowl Sunday)
...How times have changed. Once Upon A Republic, the college football star and CEO of Goldman Sachs 'Takes the knee' for 750Billion
now that the republic has been dissolute, the the Treas Secy is OK with 1.9 Trillion. no problemo, badges? 'we don't need no stinking badges'
Mtl JP 19:48:04 GMT - 02/07/2021
new week will start on the back of
Dow up 3.9%
S&P 500 up 4.7%
Nasdaq up 6% on the week
Danger Lurks in Global Markets Transfixed by Rising Bond Yields
- danger or ... opportunity
ECB’s Lagarde Sees Summer Recovery, Tricky Post-Pandemic Phase
Even Europe’s Draghi-Led Market Euphoria Can’t Buoy the Euro
Flash Loans Are Providing Instant Cash to Crypto Speculators
- Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden's $1.9 trillion relief plan could generate enough growth to restore full employment by next year.
One year ago on this February 07th day
died 34 yr old ophthalmologist Li Wenliang.
Li was reprimanded by Chinese Communist Xi Jinping's police for “spreading rumours” about covid. Remember Li.
Communist Xi Jinping goes out of his way to avoid mentioning Li when he prattles about honouring the “heroes” of the “people’s war” against the virus as that would reflect poorly on the CCP and on Xi Jinping.
Remember that about Xi.
Macau Steven 09:19:21 GMT - 02/07/2021
This generous package will send bitcoin to 200k this year
Mtl JP 23:35:46 GMT - 02/06/2021
makes me wonder why "go big n bold" and why $1.9trillion IF
More companies than usual are beating earnings estimates — and sales numbers are just as bullish for the stock market
oh cry me a river ! I have 100% confidence that free-market economy is the solution
The Canadian Press - Jamaica faces marijuana shortage as farmers struggle
KINGSTON, Jamaica — Jamaica is running low on ganja.
Heavy rains followed by an extended drought, an increase in local consumption and a drop in the number of marijuana farmers have caused a shortage in the island’s famed but largely illegal market that experts say is the worst they’ve seen.
“It’s a cultural embarrassment,” said Triston Thompson, chief opportunity explorer for Tacaya
london red 08:42 GMT February 5, 2021
us treasury selling bonds next week. they dont want high rates. or maybe nfp. after all at least 100 people already know the number. and i am 100% sure not one of them has leaked ;)
Mtl JP 10:16:56 GMT - 02/05/2021
United States Nonfarm Payrolls
United States, USD
Source: Bureau of Labor Statistics
5 Feb 2021 13:30 GMT 3 -497 K -140 K source: your link
- surveyd experts predict -497K vs last -140K print
Mtl JP 09:53:14 GMT - 02/05/2021
talking of pigs
GameStop stock slide accelerates; Yellen promises scrutiny
Musk tweet sends Dogecoin up more than 50% . 17 hours ago
Investor's Business Daily
GameStop Stock, AMC Fall As Yellen Meets With Regulators On Reddit Squeeze
Treasury Secretary Janet Yellen and other financial regulators are discussing market volatility stemming from short squeezes on GameStock . 12 hours ago
The New York Times
Yellen and Regulators Met Amid GameStop Frenzy to Discuss Market Volatility . 11 hours ago
Yellen meets with regulators over GameStop volatility, vows to protect investors . 10 hours ago
The Washington Post
Yellen, after meeting with regulators, says stock market showed resilience through GameStop frenzy . 6 hours ago
RESILIENCE she bubbled ...
- - We can and must safeguard the financial system
-- yellen October 9, 2013
lakewood jjlkwd 04:35:46 GMT - 02/05/2021
no harm intended that was all part of the quote i copied...beginning with if you had...not meant at you
dc CB 00:32:37 GMT - 02/05/2021
so I was 8 when I watched this with Mom and Dad.
And we all got it.
Mtl JP 00:29:44 GMT - 02/05/2021
IF yellen or waters or pelosi want to know what real trading is
let me put forth this scenario:
tie them all to a regular uncomfortable wooden chair
2 toothpicks (to prop open their eyelids)
head in a Mayfield skull clamp to focus eyes and
jjlkwd 19:04 not at all; been around too long to not appreciate what the pigs did when they got out of the pen and what would happen to them. In fact so long that I don't even feel schadenfreude anymore. Maybe sign time to pack it in when things cease to be fun ? Thinking of Vagabond 47 fulltime
Israel MacroMicro 19:07:06 GMT - 02/04/2021
more likely JP is one of the wiser that wrote calls
lakewood jjlkwd 19:04:20 GMT - 02/04/2021
If you are having a bad day
Just remember someone bought GME at $400+ and is still holding
lakewood jjlkwd 19:01:41 GMT - 02/04/2021
as per the article there are about 1/3 less tix for this years event.
so increase of 18 percent is still cheap..
Mtl JP 19:00:39 GMT - 02/04/2021
only few pigs left to slaughter
Mtl JP 18:40:37 GMT - 02/04/2021
The average price of a ticket sold this year is $7,589, compared with $6,410 this time last year, an 18% increase
Fed’s Kashkari not ‘fazed’ by rush of stock market speculation
PAR11:29:25 GMT - 02/01/2021
S & P almost a 100 point range on a cool monday morning.
Amazing. But that's life.
PAR11:19:56 GMT - 02/01/2021
European economies are really in deep trouble.
Mtl JP 10:58:45 GMT - 02/01/2021
making 3x top
Qtn is will it or won't it hold or boogie
Maybe the answer lies in how many DLR short will give up
and how many will keep their position
Mtl JP 08:18:59 GMT - 02/01/2021
10-yr 1.085, up from 1.071
current us futures uP >0.6%+
Gold uP ~0.75%
Mtl JP 00:15:41 GMT - 02/01/2021
about 1 hr old
Mtl JP 23:55:45 GMT - 01/31/2021
euro opening GAP
now POOF !
dc CB 22:35:14 GMT - 01/31/2021
"The XRT in-kind redemption was likely an attempt by investors to get their hands on scarce GameStop shares. Those who took delivery of the underlying holdings received about 292,000 GameStop shares."
Mtl JP 22:21:00 GMT - 01/31/2021
some of the more notable GAPs I spot:
aud/usd and usdchf, both down gaps
but overall rather tame early priceaction imo
Mtl JP 23:18:11 GMT - 01/29/2021
a word (awsome) or two about afternoon posts into the close:
some crazy good tactical trade call posts in a ying yang euro market
starting with jjlkwd 15:16 and later
kudos boyz-n-galz who pulled the trigger
fortune smiles upon the well informed
PAR19:57:12 GMT - 01/29/2021
Why do those hedge funds don't short Tesla's.
It is trading with a P/E of over 1500
Mtl JP 18:54:34 GMT - 01/29/2021
yaaa... curiosity killed the cat
information .... is what brought him back
Minneapolis DRS2 18:51:14 GMT - 01/29/2021
There are some questions I'd rather not know the answer to...
Mtl JP 18:45:16 GMT - 01/29/2021
who knows... what evil lurks in the hearts of men ?
only the shaaadow knows
shadow... plz step forth and speak
Mtl JP 18:40:47 GMT - 01/29/2021
there is a GAP at 28,500 early nov 2020
HK Kevin 16:15:33 GMT - 01/29/2021
london red 14:44 GMT, my intraday downside target 132.60 reached for AAPL. That's is enough to cover my long put options opened yesterday.
london red 14:44:19 GMT - 01/29/2021
appl gap 132ish either there or 123 gap for next leg to 145 and beyond
Hk Ab 14:35:54 GMT - 01/29/2021
Think mkt would still correct from any overbought/sold like crude futures went negative previously.......
Depends on which “hand” is bigger, you truly believe the millennial has number big enough to fight hedgefund? LOL
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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