Tyler Durden | TalkMarkets | Page 557
Writer at ZeroHedge
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Tyler Durden (pseudonym) is thelead writer at ZeroHedge. Tyler represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is ...more

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Banks Best, Tech Trounced As 'Hawkish' Fed Flattens Yield Curve Most Since Brexit
The post-FOMC fallout shows financials outperforming and tech tanking... Gold was the worst performer.
A New Chinese Threat Emerges: Net Bond Issuance Crashes Most On Record
The PBOC released its latest Chinese loan data, and it had several notable highlights, most of which got lost in today's overall noise.
FOMC Delivers "Dovish Hike," Lays Out Plans For Balance-Sheet Unwind
The Fed hiked rates by 25bps and maintained its rate-hike trajectory forecast, shrugging off the collapse in economic data (including weak inflation).
10-Year Treasuries Break Key Trendline As Yield Curve Collapses
10-year US Treasury yields just broke to 2.10% for the first time since November 10th, and more importantly tumbling through a key trendline support from a year ago.
FANG Stocks Retrace Fibonacci 61.8% Of Tech-Wreck
FANG stocks have hit and failed to break the 61.8% retracement of their Friday/Monday plunge.
WTI Plunges To $44 Handle After Inventory & Demand Disappointment
WTI/RBOB levitated on a weak dollar into the DOE print but initially knee-jerked lower on the data which showed a smaller than expected crude draw and confirmed another significant gasoline build.
Retail Sales Tumble Most Since January 2016 As Gasoline, Electronics Sales Slump
Headline retail sales tumbled 0.3% MoM in May, the biggest drop since January 2016 (and all the weather-related malarkey that was blamed on). Core retail sales also dropped the same.
Producer Price Growth Plunges To 27-Month Lows As Shelter Inflation Rolls Over
Core PPI printed +1.7% (worse than expected 1.9%) and the weakest growth since Feb 2015.
"The Day Of The Dovish Hike?"
Concerns remain that today's rate hike along with a weaker dollar and Treasury yields will be another policy error, leading to more curve flattening and eventually a deflationary outcome.
"FOMC Drift" In Full Effect As Global Stocks Rise; S&P Futures Hit New Record; Oil Slides
All eyes will now turn to the Federal Reserve. The widely expected quarter-point interest rate hike will take the Fed funds target rate above 1 percent for the first time since the immediate aftermath of the collapse of Lehman Brothers in 2008.
Is This The Scariest Chart For Central Banks?
Central banks, who have bought over $10 trillion in public (and recently private) sector debt in the past decade, and between the world's six largest central banks they now collectively own securities amounting to 40% of the world's GDP.
Here's The Real Reason Tesla Makes No Money
If Tesla is truly the lean manufacturing powerhouse that it purports itself to be then we do wonder why it continues to burn through ~$600 million of cash every single quarter, or roughly $30,000 for every car that it sells?
A Reminder Of The "Risk Free" Trade Ahead Of Tomorrow's Fed Announcement
The S&P 500 continues to move higher during the press conference, a testament that on average press conferences continue to deliver ‘dovish’ news.
Qatar Is Running Out Of Dollars
To boost their hard currency reserves, Qatar banks are now offering a premium of as much as 100 basis points over LIBOR to attract dollars from regional banks, some 80 bps higher compared to the rate they offered prior to last week's crisis.
Treasury Concludes Weekly Treasury Sales With Strong, Stopping-Through 30Y Auction
Today the Treasury promptly concluded its weekly sale of Treasurys today ahead of the Fed's 2-day meeting tomorrow, when it sold $12 billion in 30Y paper in a solid auction, with a high yield of 2.87%.
Nasdaq Ramps To Flash-Crash Ledge - Now What?
VIX was slammed back to a 10 handle to enable Nasdaq to ramp up to pre-flash-crash levels from Friday.
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