TraderJR (@TraderJR23) profile picture

RE Investor, Options/commodities trader, and avid follower of financial markets. Not investment advice, do your own DD. Twitter is my financial diary.

Joined April 2019
Photo by TraderJR (@TraderJR23)
!MCOSIRSPX(the SPX equivalent of $NYMO) closed at -105 which is the lowest level since March 2020. If this is the start of another crash it can obviously get more oversold, otherwise the odds for a low here(even if it's only a bounce low) are high.
The most significant role model, a boy, will ever have is his father. Eight lessons every father should teach his son. (A Thread) 👇🏽
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TraderJR retweeted
$KWEB $BABA $BIDU: potential reversal at the lower LinReg channel with bullish divergence building in.
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Yields on 30-year Treasuries are falling the most in two months today. They're acting as expected in a risk-off market. How much can yields fall before the narrative of low-yields-supporting-high-stock-valuations kicks back in? Or has the mood started to shift away from that..
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China poised to overtake US in nuclear power by 2030 asia.nikkei.com/Business/Ene…
Just to reiterate. The term 'head fake' was coined precisely for the sort of employment report we received today. You'll soon be scurrying to buy those bonds you sold today.
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TraderJR retweeted
2y-10y curve steeper by over 6 bps since FOMC stmt. Curve trough is in.
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This is an excellent summarization by Jesse Colombo (@TheBubbleBubble) on the dire situation we're facing. Like we warned in Dec 2017 (gnseconomics.com/en_US/2017/…), the risk that the coming #recession will morph into a global depression are very high. zerohedge.com/news/2019-06-0…
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If printing money and low/negative interest rates would work, why wasn’t this done constantly throughout history and we would have libraries filled with books describing all the successes?
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Mortgage apps for home purchases -2% last week, 10yr UST yield -19bps in the same period. 10yr yield -84bps y/y, purchase apps only +0.5% y/y. And construction employment dropped by 36k in May (source: ADP). If plunging mortgage rates can't boost this #housing market, what will?
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Home flippers are cashing out; homes that were resold within 12 months after being purchased made up 7.2% of all transactions in Q1, the biggest share since the start of 2010: Attom Data bloomberg.com/news/articles/…
TraderJR retweeted
Donald Trump's supporters want to believe that a grand strategy informs his tariff wars. They're deluded bloom.bg/2Mr1kgL via @bopinion
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And the Fed now has some ammunition to signal a rate cut. bloomberg.com/news/articles/…
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That is really an incredible move: EDM9EDM0 now at 78 bps from 66bps 3days ago: - 58% chances of Fed rate cut in July meeting - 90% of 2 x 25bps cut in 2019 - 3 x 25bps cut in the next 12 months When the Fed cuts, they do not cut once only but several in a row. $eurusd $DXY
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