Good morning lads, it looks like the cryptofags have been partying all night and have now taken to a morning champagne party, with all of the fashionable people. BTC is +5.6% and ETH is +3.1%.
Over in stockland, S&P futures are +6, Nasdaq futs +22 — literally nothing can stop the madness. I’ll be selling out of my idiotic YANG and UVXY positions today, and then proceed to buy something and then immediately begin to doubt it’s right to exist on the planet.
Europe is enjoying the pastoral views, +0.7% on the Eurostoxx 50.
Goldumbers beat down again, -0.7%, and copper is +0.9%.
The dollar is pressing its rights against the old world, +0.5% — and yields are sharply higher by 6bps on the 10yr to 2.29%.
Listen to me. Bank stocks are going to roar out of the gates, as the 2-10 spread is blowing out more than 5bps this morning. I cannot recall another occasion, aside from after the elections, when the spread blew out like this. We may very well get a monstrous rally in the financials, starting today.
Stocks moving in the pre-market:
AVGR +166.7%, CALI +18.5%, EDIT +7.4%, MU +5.9%, ZSAN +5.1%, LNDC +4.8%, FWP +4.8%, KEM +3.9%, SN +3.3%, SIX +3.1%, TWTR +2.2%, CTLT +2%, RH +1.6%, JD +1.3%, STL +1%, TMUS +0.6%, AMSC +0.5%
KRNT -24.2%, WLKP -8.7%, ITCI -7.2%, ASND -4%, NKE -3.5%, ARCW -2.1%, FINL -1.6%, SONC -1%, WBB -0.5%
And analyst moves.
Its enough to give ya fits! Id like to get into TZA at this price along with ORBC for long term machine learning greatness!
“It’s over rampFags. Did you see how the market distributed towards the end of the day? This means, without question, that stocks are going to vomit out of the gates tomorrow. By the end of tomorrow’s session, you’ll be all but ruined.”
-The Fly, 4pm EST.
“Listen to me. Bank stocks are going to roar out of the gates, as the 2-10 spread is blowing out more than 5bps this morning. I cannot recall another occasion, aside from after the elections, when the spread blew out like this. We may very well get a monstrous rally in the financials, starting today.”
-The Fly, 7am EST.
YAWN
It’s even more poignant if you shorten them:
“stocks are going to vomit out of the gates (on 11/27).”
-The Fly, 11/26 post-market
“Bank stocks are going to roar out of the gates (on 11/27)”
-The Fly, 11/27 pre-market
I still like the blog
If you cant offer something constructive then dont read the blog boyeeee
This is a safe space for traders ok, respect the bubble
Fly your chasing the market badly
i put my whole book into FAZ
https://www.nytimes.com/2017/09/27/business/media/paul-horner-dead-fake-news.html?module=WatchingPortal®ion=c-column-middle-span-region&pgType=Homepage&action=click&mediaId=thumb_square&state=standard&contentPlacement=1&version=internal&contentCollection=www.nytimes.com&contentId=https%3A%2F%2Fwww.nytimes.com%2F2017%2F09%2F27%2Fbusiness%2Fmedia%2Fpaul-horner-dead-fake-news.html&eventName=Watching-article-click