TraderJR retweeted
!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.
TraderJR retweeted
The most significant role model, a boy, will ever have is his father.
Eight lessons every father should teach his son.
(A Thread) 👇🏽
TraderJR retweeted
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..
TraderJR retweeted
China poised to overtake US in nuclear power by 2030 asia.nikkei.com/Business/Ene…
TraderJR retweeted
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.
TraderJR retweeted
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…
TraderJR retweeted
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?
TraderJR retweeted
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?
TraderJR retweeted
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
TraderJR retweeted
And the Fed now has some ammunition to signal a rate cut. bloomberg.com/news/articles/…















