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Post by huh on Sept 16, 2016 6:51:43 GMT -5
10 things you need to know before the opening bell Fed rate hike odds keep sliding. The market is pricing in just an 18% chance the US Federal Reserve will raise rates at its September meeting, according to data compiled by Bloomberg. Additionally, the market sees just a 49.7% probability of a Fed rate hike before the end of 2016. Germany's 10-year is back below zero. A solid bid has pushed the yield on 10-year German bunds down 5 basis points to -2.1 bps, dropping it back below zero for the first time in a week. The benchmark yield set a record low -19 bps in the wake of the United Kingdom's decision to leave the European Union. Russia's central bank cut rates. The Central Bank of Russia lowered its benchmark interest rate 50 basis points to 10.00%, as expected. According to the CBR, "Inflation has demonstrated a noticeable decline in line with the Bank of Russia’s baseline forecast." The Russian ruble is weaker by 0.5% at 65.0630 per dollar. The US is going after Deutsche Bank. The US Department of Justice has asked Deutsche Bank to pay $14 billion to settle a probe into the bank's dealings in mortgage securities between 2005 and 2007, the Wall Street Journal reports. Shares of Deutsche Bank are down 8% on the news. The world's largest hedge fund is planing layoffs. Ray Dalio's Bridgewater Associates sent out a letter to clients saying it is "bloated" and will "improve efficiencies" of its non-investment teams. Oracle posts an earnings miss. The company missed on both the top and bottom lines, earning $0.55 per share on revenue of $8.6 billion. The iPhone 7 hits stores on Friday. Apple stores will open at 8 a.m., earlier than usual, for the occasion. Trivago is getting ready to go public. Expedia has chosen JP Morgan, Goldman Sachs and Morgan Stanley to coordinate is Nasdaq-based initial public offering for its travel search site, Trivago, Reuters reports. Stock markets around the world are mixed. Australia's ASX (+1.1%) led a quiet session in Asia as China's Shanghai Composite and Hong Kong's Hang Seng were closed in observance of Mid-Autumn Festival. In Europe, Spain's IBEX (-0.8%) paces the decline. S&P 500 futures are down 9.75 points at 2,128.25. US economic data flows. CPI will be released at 8:30 a.m. ET and University of Michigan consumer confidence will cross the wires at 10 a.m. ET. Then, at 1 p.m. ET, the Baker Hughes rig count will be announced. The US 10-year yield is down 2 bps at 1.67%. www.businessinsider.com/opening-bell-september-16-2016-2016-9 |
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Post by huh on Sept 16, 2016 6:52:26 GMT -5
10 things in tech you need to know today 1. The iPhone 7 launches today. Apple's next flagship phone is here. 2. Samsung has officially, finally recalled the Galaxy Note 7. The phone's batteries have been exploding. 3. Apple is loading up talent for its push into Google Glass territory. CEO Tim Cook thinks there's a lot of opportunity in augmented reality. 4. Google Maps is the "Swiss army knife" of the company's smart assistant future. Maps boss Jen Fitzpatrick joined Google way back in 1999. 5. Next week, Oracle will start a price war with Amazon over cloud computing. Amazon has been trying to pick off Oracle's customers. 6. Kit Harrington will star as the villain in this year's "Call of Duty" game. Harrington is best known for playing Jon Snow in epic fantasy TV series "Game of Thrones." 7. Nintendo's $35 accessory for Pokémon Go launches today. the Pokémon Go Plus gadget lets you play with the accessory in the background. 8. Elon Musk just shared the "biggest epiphany" he has had this year. The Tesla CEO says that "what really matters is the machine that builds the machine, the factory." 9. Apple is on a moderation rampage after porn was found in iOS 10, Gizmodo reports. The GIF search feature in iMessage was capable of showing some very un-PG results. 10. London could be the next city to crack down on Airbnb. An influential Parliamentary committee has asked the London mayor Sadiq Khan whether he thinks the rental company is driving up property prices in the city. www.businessinsider.com/10-things-in-tech-you-need-to-know-september-16-2016-9 |
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Post by huh on Sept 16, 2016 6:53:01 GMT -5
Frontrunning: September 16 Deutsche Bank to fight $14 billion demand from U.S. authorities (Reuters) Exxon’s Accounting Practices Are Investigated (WSJ) European leaders seek elusive 'road map' after Brexit shock (Reuters) Johnson Said to Tell Italy Exit Talks Likely to Start Early 2017 (BBG) Brexit Bulletin: Merkel Sings the Bratislava Blues (BBG) Atlante manager's CEO says Popolare di Vicenza may need more capital (Reuters) Unilever Is in Talks to Acquire Jessica Alba’s Honest Co. (WSJ) Japan’s Central Bank Splits Over Easing Program (WSJ) Japan Looks to Bring in More Foreign Workers as Population Falls (BBG) Clinton visits North Carolina in campaign trail return; Trump up in polls (Reuters) Donald Trump Promises Tax Cuts, Offset by Robust Growth (WSJ) In Pennsylvania Senate race, unfamiliar battle lines on gun rights (Reuters) Earnings Secrecy to End in Junk-Bond Market Under EU Rules (BBG) Investors reluctant to back Monte Paschi's cash call (Reuters) In Places With Fraying Social Fabric, a Political Backlash Rises (WSJ) White Ohio policeman kills black teen armed with BB gun (Reuters) Apple’s 21% Rally Is Tough Pill for 295 Funds That Bailed (BBG) Hedge Funds Find a New Short-Selling Guru (BBG) Facebook steps up fight against fake news (Hill) www.zerohedge.com/news/2016-09-16/frontrunning-september-16 |
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Post by huh on Sept 16, 2016 7:17:48 GMT -5
Looks like a couple devastatingly bearish patterns in VIX scams setting up here. Indices could get some wings Those patterns confirming VX_F <16.75 would get it down to 14.40, at minimum |
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Post by huh on Sept 16, 2016 7:20:22 GMT -5
XLF >24.07 now would likely get it >24.64
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Post by Herceg on Sept 16, 2016 7:28:14 GMT -5
Watch NVAX today..................that is one hell of a drop............
JMO and BOL............
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Post by huh on Sept 16, 2016 7:31:16 GMT -5
Watch NVAX today..................that is one hell of a drop............ JMO and BOL............ Hard to imagine NVAX wouldn't bounce hard from ~1.16. That completes a H&S target and retests the lows from May '12  |
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Post by walnut on Sept 16, 2016 7:42:08 GMT -5
What is this rumor I saw on YMB (great source) that Deutsche Bank has a bad derivatives trade in their account that might be blowing up for 90 billion? Anyone heard about that
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Post by huh on Sept 16, 2016 7:47:02 GMT -5
What is this rumor I saw on YMB (great source) that Deutsche Bank has a bad derivatives trade in their account that might be blowing up for 90 billion? Anyone heard about that I can't find any news reports on that after a quick search |
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Post by huh on Sept 16, 2016 7:51:41 GMT -5
On DB I only see the $14B the US wants for the bad mortgage stuff - which is funny because remember how I predicted all this years ago? Once banks met the stress test requirements (because of all the QE stuff), now the gov's sue them to get all that bailout money back. Next step should be banks drop hard, then they can buyback a record number of their shares at their all time lows, or lower, using all that extra cash.
Then *POOF*, everything's back to where it was before the crisis. Banks Happy. Gov's Happy. Public Happy because banks got "punished".
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Post by huh on Sept 16, 2016 8:05:50 GMT -5
Could be a decent short on dollar futures here (DX_F) against the 95.86 area. Currently 95.82, potential downside target <85
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Post by walnut on Sept 16, 2016 8:11:29 GMT -5
On DB I only see the $14B the US wants for the bad mortgage stuff - which is funny because remember how I predicted all this years ago? Once banks met the stress test requirements (because of all the QE stuff), now the gov's sue them to get all that bailout money back. Next step should be banks drop hard, then they can buyback a record number of their shares at their all time lows, or lower, using all that extra cash. Then *POOF*, everything's back to where it was before the crisis. Banks Happy. Gov's Happy. Public Happy because banks got "punished". What is funny, is that if the bank did try to pay that fine, they would no longer be able to pass any stress tests. Kinda silly, the fine is not punishing directors or traders much, it is punishing shareholders and probably debt holders. |
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Post by huh on Sept 16, 2016 8:18:23 GMT -5
On DB I only see the $14B the US wants for the bad mortgage stuff - which is funny because remember how I predicted all this years ago? Once banks met the stress test requirements (because of all the QE stuff), now the gov's sue them to get all that bailout money back. Next step should be banks drop hard, then they can buyback a record number of their shares at their all time lows, or lower, using all that extra cash. Then *POOF*, everything's back to where it was before the crisis. Banks Happy. Gov's Happy. Public Happy because banks got "punished". What is funny, is that if the bank did try to pay that fine, they would no longer be able to pass any stress tests. Kinda silly, the fine is not punishing directors or traders much, it is punishing shareholders and probably debt holders. Exactly. And may eventually force many investors into bonds, which is perfect because the US needs bond buyers now that many of the foreign buyers (especially China) stepped away. That's my theory anyway. It's genius if you think about it, whether the Fed intended it or not. |
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Post by walnut on Sept 16, 2016 8:23:35 GMT -5
The bond bubble is going to be big news sometime soon.
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Post by huh on Sept 16, 2016 8:24:39 GMT -5
GPRO up decently this morning, but has resistance ~14.77. However, if it could hold over that, then good chance it could climb to ~17.80.
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Post by clinton on Sept 16, 2016 8:43:37 GMT -5
I think we test the low from 4 days ago
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Post by clinton on Sept 16, 2016 8:44:52 GMT -5
nope sold my SDS
bots piling into IWM
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Post by Herceg on Sept 16, 2016 8:49:35 GMT -5
Watch NVAX today..................that is one hell of a drop............ JMO and BOL............ In 1.18 out at 1.34..............1k................now it will touch $2........LOL JMO and BOL........... |
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Post by huh on Sept 16, 2016 8:53:54 GMT -5
XLF >24.07 now would likely get it >24.64 XLF >23.73 would get it done now |
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Post by huh on Sept 16, 2016 8:54:04 GMT -5
Watch NVAX today..................that is one hell of a drop............ JMO and BOL............ In 1.18 out at 1.34..............1k................now it will touch $2........LOL JMO and BOL........... Nice trade! |
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