$HAIN is Running Hard After $WWAV Catches a Miserly Bid

Shares of organic food producer, HAIN, is running hardcore higher, after news broke that Danone was interested in acquiring WWAV. God only knows why. Comparing WWAV to HAIN on an apples to apples basis, any moron can see HAIN is the better company. Plus they have better brands.

Some people mentioned LWAY as a possible play off the WWAV bid. But LWAY makes disgusting Kefir and no one really wants to ever fucking drink that stuff, not even crazed body builders. And we all know, body builders would eat roaches if it meant more mass.

I’ve always been a fan of the food industry. In spite of being fit, one could argue that Le Fly is a foodie, deep down a gluttonous pig. Nevertheless, I have my favorites, which are MNST, HAIN and maybe JJSF.

For now, HAIN is living the dream, the fucking rice dream, and loving it.

The negative rate phenomenon is putting enormous strain on forex crosses and generally scaring the shit out of people. Today’s 2bps bump in German bunds is a very good development. Moreover, it seems the ECB will be more focused on both Italian and Spanish debt, going forward, which is the reason why we’re seeing the spreads between periphery nations tighten v Germany.

QE has distorted the bond market with reckless abandon. The result of negative rates have left both European and Japanese markets in tatters, greatly underperforming US indices.

Year to date, Germany is down 12% and Japan is off by 20%, while we’re up 4%. I cannot remember the last time US markets have diverged to such a degree. There can be only one explanation: negative rates.

Ergo, the quicker German bunds can crawl out from the negative position it’s in the better they’ll be.

The DAX is higher by 0.55%.

Nick Mazing from Ampera Capital wants the makers of the reprehensible Silk milk to demand MOAR from Danone. In an open letter to the company, Mazing says the true value of the company is $69-84.

Shares of WWAV are sharply higher in the pre market on Danone’s $10 bill buyout bid.

Head of Global EM rates at HSBC, Andrew De Silva, sees opportunity in non-negative sovereign bonds, such as Australia, and believes rates might never go up.

‘Central banks don’t have a choice.’

French yogurt maker, Danone, is in talks to acquire the makers of disgusting soy milk, amongst others things, for as much as $10 billion–about a 15% jump from today’s closing price.

I recall the French government rebuffing others from acquiring Danone, due to protectionism. But now the French yogurt giant gets to own our awesome and amazing dairy and food snack maker for a song. Aside from Silk milk, they own Wallaby yogurt, Horizon milk and Earthbound Farm packaged salads.

This would make the second proposed deal over the past week, after the MDLZ for HSY bid. Other food companies that might catch some love include THS, SJM, POST and HAIN.

Humans are fat fucks, generally speaking. They like to eat food and will go through great lengths to control its supply.

The market seemed to digest the BREXIT fairly well. Markets are unchanged and the Germans are cooler than ever. All of the other EU countries have more swagger than before and the men from Brussels are eating ‘hella noms.’

So I ask you this question, young men about the interwebs, how will the EU enjoy a potential Italian exit from the EU? After all, being a tourist nation and exporter of wine and textiles, wouldn’t the Italians prefer to have their fucked up Lira back?

The rise of Italy’s ‘five star movement’, which was started by an Italian comedian blogger named Beppe Grillo (you can’t make this up), might equate to a comic tragedy for the CATAMITES domiciled in Brussels.

This is just like something Gavin Belson from Hooli would do. Following an unbelievably nazi loving AI twitbot experiment gone wrong, the sages at Microsoft have gone ‘full retard’ with their recruitment efforts, trying desperately and pathetically to relate to the idiot millennial generation.

This is unbelievable to me. Did a real person write this, or was is just an algorithm that one of the introverted nerds at softy cooked up?

B. Gross gives an overall assessment into the debaucherous world of fixed income, repudiating the Fed’s focus on employment data, warning regulators to keep a close eye on UK property fund post BREXIT.

Pay attention.

As crude goes, so does the market. Crude bounces off the morning lows and never looked back, closing higher by 1.7%. The market, the slave it is to crude, followed suit and crushed the helmets of those leaning short.

It was a splendid run, with the Dow closing higher by more than 70. Also, and additionally, bond yields reversed and started to spike a little. All of these factors contributed to the U.S. markets strength.

As for me, I sold out of my EDZ position, earlier in the morning–luckily near the session highs.

My positions in AU, NEM, AUY, GLD and TLT all pressed their rights higher. Whether gold and bonds are overbought is immaterial to me. These are long term thesis trades, based upon the laws of the physical universe. Your time frames do not apply in the multiverse from which I have carved out my plans.

All in all, it was a respite, more of the same, melt up into what could only be described as ‘the very worst news flow’ possible. Walls of worry are very fun to climb, until giant blades cut you in half.

I closed out the session an arch winner, 50% cash.

The weather Gods have been too gracious with the climes. As such, yields are set to produce a great bounty this summer. This is having a most arduous effect upon the prices of both wheat and corn, which are down upwards of 15% this past month.