Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» 'Dark Data' Is Leaving a Huge Carbon Footprint, And We Have to Do Something About It
Carnage!!!! EmptyToday at 10:13 am by PurpleSkyz

» In hurricane chaos, Florida’s Ron DeSantis emerges a leader
Carnage!!!! EmptyToday at 10:09 am by PurpleSkyz

» New Filter For Drinking Water Can Capture Pollutants And Microplastics To Make It More Potable
Carnage!!!! EmptyToday at 10:04 am by PurpleSkyz

» Bus driver in Turkey dies from cardiac arrest aka SADS (sudden arrhythmic death syndrome)
Carnage!!!! EmptyToday at 9:56 am by PurpleSkyz

» FDA Withholding Autopsy Results On People Who Died After Getting COVID-19 Vaccines
Carnage!!!! EmptyToday at 9:53 am by PurpleSkyz

» After U.S. Soldiers Were Told to Go On Food Stamps, Congress Finds Another $12 Billion for Ukraine
Carnage!!!! EmptyToday at 9:49 am by PurpleSkyz

» Tracked and Traced: The Rise of the Digital Beast
Carnage!!!! EmptyToday at 9:43 am by PurpleSkyz

» ‘The Pfizer Effect’
Carnage!!!! EmptyToday at 9:37 am by PurpleSkyz

» Metrolink and Amtrak Suspend Service Between LA and San Diego Indefinitely Due to the Ground Shifting
Carnage!!!! EmptyToday at 9:33 am by PurpleSkyz

» Australian News Discussing Biden’s Cognitive State
Carnage!!!! EmptyToday at 9:26 am by PurpleSkyz

» The OpenVAERS Red Box Report
Carnage!!!! EmptyToday at 9:12 am by PurpleSkyz

»  Thousands of People to Form Human Chain Around U.K. Parliament to Demand Freedom for Assange
Carnage!!!! EmptyYesterday at 12:37 pm by PurpleSkyz

» Digital concentration camp.
Carnage!!!! EmptyYesterday at 10:31 am by ANENRO

» Scientists use mosquitos to deliver experimental malaria vaccine
Carnage!!!! EmptyYesterday at 10:26 am by PurpleSkyz

» Scottish Government Orders Investigation Into Recent Spike in New Born Baby Deaths
Carnage!!!! EmptyYesterday at 10:04 am by PurpleSkyz

» Federal judge orders FBI to release contents of Seth Rich’s laptop
Carnage!!!! EmptyYesterday at 9:50 am by PurpleSkyz

» The Insanity That Grips Washington
Carnage!!!! EmptyYesterday at 9:46 am by PurpleSkyz

» Thirty Former FBI Agents Stand Up For Whistleblower Who Exposed The FBI For Targeting Conservatives
Carnage!!!! EmptyYesterday at 9:42 am by PurpleSkyz

» Canada Has A Food Affordability Problem
Carnage!!!! EmptyYesterday at 9:40 am by PurpleSkyz

» Musk unveils new $20K humanoid robot
Carnage!!!! EmptyYesterday at 9:38 am by PurpleSkyz

» A Big “We Told You So” Moment: Spain Admits to Chemtrail …
Carnage!!!! EmptyYesterday at 9:35 am by PurpleSkyz

» ‘Borgs Of War’, Human Cyborgs Are Just The Beginning – By Dr. Robert W. Malone
Carnage!!!! EmptyYesterday at 9:27 am by PurpleSkyz

You are not connected. Please login or register



Go down  Message [Page 1 of 1]

1Carnage!!!! Empty Carnage!!!! Tue Jun 14, 2022 9:19 am




Carnage!!!! Picture-5
by Tyler Durden

Monday, Jun 13, 2022 - 05:11 PM

Well that escalated quickly. Apart from crude oil, almost all asset classes were clubbed like baby seals today as event risk anxiety (ahead of FOMC) combined with OpEx technicals ($3.4 trillion options expiration) and European 'fragmentation' fears and all the usual geo-political, geo-economic factors that are holding back the dip-buyers as the S&P drops into a bear market and US equities broadly test 2022 lows (while TSY yields push multi-year highs).
The S&P closed down 22% from its highs and at its lowest since Jan 2021...

Carnage!!!! 2022-06-13_13-02-22

"...millions of voices suddenly cried out in terror and were suddenly silenced..."


As Bill Blain noted earlier, the summer somnambulance should be upon us – investment desks and traders sitting back to watch their carefully composed portfolios and positions cruise through the summer before the markets get hot again in September. At least, that’s how I remember the long-balmy days of my market childhood back when I was a young banker….
Not this year. Too many fundamental tremblors threaten to rock the markets:
  • Inflation, Inflation, Inflation
  • Supply Chains, Covid and China
  • Europe and the ECB
  • Recession/stagflation
  • War vs Jaw
  • Central Banks tightening
  • Stock Resets and Earnings
  • Bond Market Meltdown
  • Global Trade Reset and De-Globalisation
  • The US, The Dollar and Trump

I predict a stormy Q3 – the usually calm languid dog-day markets of July and August being replaced by lumpy seas of bad numbers, grey storm skies as markets struggle with the acceleration of negative news-flow on inflation, corporate earnings, markets and increasingly wobbly politics, and few sharp pointy rocks of financial destruction.
Financial Conditions are tightening once again, ratcheting down as The Fed stomps on the brake, surveys the damage, lifts off briefly, then re-stomps on the brake...

Carnage!!!! 2022-06-13_10-59-48_0

Source: Bloomberg
Recession risks are rising as signaled by Energy, Consumer Discretionary, and Materials all lagging a sharply down market. And on the too-high inflation and higher rates side of the pendulum, Real Estate and Tech are also selling off today.

Carnage!!!! 2022-06-13_12-02-46

Source: Bloomberg
US equity markets were notably weaker overnight and extended losses at the open. The European close - and the end of BTP selling - sparked some relief that sent crypto and US stocks higher but the algos could not build on it. Witho about 30 minutes to go a major sell order hit all the markets - bonds and gold were dumped and stocks pushed to the lows of the day. Dow -3%, S&P -5%, Nasdaq -4.6%, Small Caps -5%

Carnage!!!! 2022-06-13_12-59-15

The last time the S&P had a 4-day stretch this bad (-1.08%, -2.38%, -2.91%, -3.23%) was March 23, 2020 when the Fed unleashed $1 trillion in QE, repo and corporate bond purchases
And some context for the move in the last 3 days...

Carnage!!!! FgYgkSvu_normal
Mike Zaccardi, CFA, CMT

2017 biggest drawdown: 3% 2021 biggest drawdown: 5% $SPY -8% last 3 days.

Carnage!!!! FVI8N52WYAEqjk9?format=png&name=small

9:37 AM · Jun 13, 2022

MORE HERE: https://www.zerohedge.com/markets/carnage?utm_source=&utm_medium=email&utm_campaign=722

Thanks to: https://www.zerohedge.com


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum