“With Corruptocrats like Der Fuhrer comes the politicization of government !!”
Oh joy oh fun, another NFP Idiocy Day, where math whiz kids from the Department
of Unicorns & Fairy Tales make up job numbers out of thin air, and sell that shit to
a financial market all too eager to take the bait … simply more propaganda for the
financial masses, and for scumbag banks to screw those dumb enough to “play”
the numbers like a roulette wheel … of course, this month sees the most
important numbers EVAHHHHHHHHH!!, cuz it’ll help determine whether the
Lounge Lizards pause or raise rates at the June Reichstag meeting.
Well now, that escalated quickly didn’t it? … ANOTHER WHOLLY MADE UP PIECE
OF WORK, where for the 15th month in a row, the jobs gains beat consensus
expectations … who believes any of this shit? … another stellar month of job
hires by Applebee’s & Chili’s, or other part time worthless paying pieces of shit
jobs nobody wants except illegal immigrants … I’m sure Goebbels would be
proud of the latest numbers.
So now, Spicoli and the other Lounge Lizards got a real problem, cuz if you
believe the bullshit from government, there’s no way you pause rates … on the
other hand, you want more banks to fail with continued increases? … cuz the
higher rates go the more money flows out of regional banks and into money
market funds, and down go deposits … and when that happens trouble starts in
River City … the decline of America, right on schedule!
And while we’re talking about America’s scheduled decline into already Banana
Republic status, a great article post on Zh, the link directly below … it’s well
worth the read if you missed it.
https://www.zerohedge.com/economics/nation-junkies-empty-future-stimulus-
And of course, against this backdrop the Clown College voted for a $4 TRILLION
dollar increase in the national debt [Repubs caved, natch], which will be washed
down the entitlements rathole in about 20 - 24 months, and the country gets
ZILCH for it … so more inflation on the horizon, and more MISERY for ‘Murica’s
middle class … but no worries, “AI” will save everybody and the NDX100 will go
to Infinity on “smoke & mirrors” accounting, and everybody gets rich by owning
AI “Stonks”, and isn’t everything just rosy as all Hell? … just remember all of you
81 million Fucktoids that voted for Der Fuhrer, who fell down at the Air Force
Academy and couldn’t get up without his clapper, that when SHTF and everything
goes tapioca, you got nobody to blame but yourself!
I dunno, markets [cough, bullshit, cough] seem very confused by the NFP
numbers … the usual “Scumbaggery & Fuckery” from banks on the release, and
anybody playing the “news release Keno board” got screwed, natch … now we
sit inside tight ranges awaiting the criminal, money laundering NYSE open … this
mound of market bullshit is plenty high … again, since we’re all interest rate
traders now, where Cable goes is a function of where the 2 YR. Treasury yield
goes, and it’s been all over the place.
STIR’s skyrocket, “Stock Bellies” melt up in an orgasmic display of FOMO that
makes ZERO sense, the dollar sky rockets, and gold gets monkey hammered like
a baby seal at a Japanese whale hunt … oh, and Bitcoin sits and does nuttin’
honey … all of course in one-way moves that defy logic, cuz all of the buying or
selling is straight … however, there was one brief “Stock Bellies” correction, but
aside from that every market is simply a freight train out of control down the
tracks … literally nothing makes any sense in this FUBAR make believe fantasy
world markets live in at the casino … nothing!
I’ve never been a big fan of this NFP Idiocy, going all the way back to my days on
the trading floor … it’s a manipulative shit day, and the numbers are fairy tale
bullshit and always have been … in today’s era of manipulation, especially in FX,
we get the straight shot off the numbers, and in this case today it’s straight down
in Cable now for over 4+ hours … just continued selling with zero rallies, and a
slow walk down the ramp … won’t sell it without a rally, and I’m not buying it either
cuz it can’t rally … either way, it’s a heartburn trade … I’m relieved Cable didn’t
have the messy gaps gold & YEN are putting in with regularity, but straight
shots aren’t helping things either … No trades today in Cable for the PAMM
… pre NFP it was a joke of nothingness … post NFP it was straight down … this
isn’t the kind of action we’re looking for, but with NFP Idiocy it can / does happen
quite often … meh, nothing you can do but wait it out and come back Monday
… over these last months and years, Cable has morphed from “The Widow Maker”
into a trading market more on the lines of USDCAD, not the bat shit crazy [BSC]
market of yesteryear … it still is very much a “traders market”, although you
wouldn’t know it from today’s NFP bullshit … I’ll attack it again on Monday where
conditions should return to normal … but like I said earlier, “we’re all 2 YR
Treasury Note traders now, so wherever STIR’s go, Cable and the rest of FX
follows suit in the appropriate manner”.
Over at IQCENT, I dunno what’s happened to Bitcoin, but it’s dead … a few trades
today in SP500 for “The Syndicate”, and we’re UP APPROXIMATELY 0.7% … could
and probably should have done better in hindsight, but with rates rocketing
higher while “Stock Bellies” go orbital does not make for any kind of comfortable
trade scenarios … we got a few good buy signals, and I made the most of them ‘til
they stalled … and I will remind readers that these are trades I can’t make for the
PAMM at Coinexx cuz the spread is higher, the quote is phantom bullshit, and the
slippage on fills horrific.
My trades at IQCENT right on the money no problem … too bad Coinexx can’t learn
this principle for their CFD’s … FX not a problem, but anything in the CFD arena
and you’re gonna get screwed by Coinexx absolutely guaranteed … blog update
on Sunday.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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