The god damned Russians are finally getting what they deserve: sharply lower share prices. The days of elaborate and ornate evening balls are over for the oligarchs in Moscow. The RTSE is down a staggering 3.9% now. Over in europe, cuckholds are getting beat the fuck down, led lower by the losers in Spain and Germany, off by 1.4% and 1.1% respectively. Here in the states, the tech wreck continues, with NASDAQ futs off by 63.
The issue of sharply lower crude prices may begin to take a toll on markets soon. Keep your eyes on HYG and JNK to see if lower crude spills over into the junk bond market. Lord knows it should and it will. Any notion of corporate credits under pressure is certain to ruin your trading day, unless of course you’re short.
We have a bad scenario in risk off land, thanks to the Fed. Both gold and bonds are lower, the former sharply, due to yesterday’s hawkish statements by the Fed. Along the same vein, the dollar is higher by 0.5% v the euro. We have a scenario, gents, where nothing and no one is safe — a real fuckery brewing just ahead of hedge funded summers in the Hamptons (extra cocaine).
It’s setting up to be a real dreadful day. Good morning!
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Come on laddies, stop acting like old and surprised cows. Get with the program. On June 12th I told you not to panic, for June 13th I told you to take it easy and then for June 14th to start panicking and start selling:
https://tinyurl.com/y7kx2zwg
You dont need any models for these centrally rigged markets. These are not organic moves in free markets. These moves are just your friendly kikes at the FED fucking with you.
The Fed always overshoots and there are a lot of profits to be locked in.
Market wants to go back where it was in April.
Interesting as Bitcoin may now be a good indicator for market tops and bottoms.