Futures dove off a cliff after 3am, down more than 170 NASDAQs, following a sundry of comments out of Russia that gave the impression that kinetic action was nearing.
RUSSIAN TANKS ARE OFF TRAINS AND MOVING
pic.twitter.com/luRiDUli8P— The_Real_Fly (@The_Real_Fly) February 14, 2022
RUSSIA'S LAWMAKERS AGREE TO SEEK PUTIN'S OPINION ON PROPOSED RESOLUTION CALLING FOR RECOGNITION OF TWO BREAKAWAY REGIONS IN EASTERN UKRAINE AS INDEPENDENT STATES – IFX
— The_Real_Fly (@The_Real_Fly) February 14, 2022
RUSSIA WILL NOT TAKE PART IN OSCE MEETING CALLED FOR BY BALTIC COUNTRIES – RIA
— The_Real_Fly (@The_Real_Fly) February 14, 2022
RUSSIA IS READY TO OPEN FIRE ON FOREIGN SHIPS AND SUBMARINES THAT ILLEGALLY ENTER ITS TERRITORIAL WATERS – IFAX CITES SENIOR MILITARY OFFICIAL
— The_Real_Fly (@The_Real_Fly) February 14, 2022
Bombs will drop on Ukraine minutes after Putin gives order, armed forces minister says ***
— The_Real_Fly (@The_Real_Fly) February 14, 2022
But then Lavrov said Putin agreed to permit him to have further discussions with the west and futures took off, rightly so.
*RUSSIA'S LAVROV PROPOSES TO PUTIN TO CONTINUE TALKS WITH WEST
*PUTIN SAID 'ALL RIGHT' IN RESPONSE TO LAVROV'S PROPOSAL— zerohedge (@zerohedge) February 14, 2022
And then in a CNBC interview Fed’s Bullard reaffirmed his position that rates need to be hiked by 100bps ASAP and the Fed must defend its 2% CPI policy, otherwise lose credibility. He was firm on this point, in spite of the incessant nagging by the CNBC hosts prodding him about markets and how his comments might be viewed as hurtful of stocks.
The net result has been another drip in futures, presently down 65, placing the market between a rock (the Fed) and a Russian tank. Which is the preferred object to bash our heads into and knock ourselves out?
Clearly, the news out of Moscow is noteworthy because every indication since then was war was imminent, in spite of Russia denying it. Who exactly expected Russia to flatly come out and say “we are going to attack Ukraine?”
My sense is markets should be relieved by this but aren’t because they’re filled with babies and RETESTOORS who want to see certain technical levels tested again. I will likely cover my shorts today and go to cash.
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The Eastern European development was a sideshow. I’m not saying it wouldn’t have mattered – Russian tanks streaming across the Ukraine will definitely hurt markets and send oil and gas and dozen other commodities through the roof – but at the end of the day we were already topping out and entering a prolonged bear market just from stagflation here at home.
Honestly, I would prefer to not have the Russian war, even though it would definitely help my shorts, because the stagflation thesis is setting up to be more prolonged and in ways predictable. Europe getting thrown into war is chaotic and it would send stock variance to the moon. I’d rather have consistent -1% days with small pops in between, hugging the bottom of the 200 day moving average for the next 9 months with little threat of massive relief rallies.
The 1 point hike and end to bond buying needs to happen yester fucking day! This is undeniably warranted right here and now, as there is major damage being done. Fuck the stock market if drops, for it has artificially increased over a decade. Markets are suppose to and ebb and flow. The fed should be abolished. If not, their dual mandate revoked.
Sure smells like western agit-prop to me. Basically since the U.S. Loon-in-chief has predicted invasion for Wednesday, clearly Putin will not invade then since it is so absolutely easy to make your opponent look like the fool he is and have Western credibility continue it’s nose dive down. Even Zelensky is trying to talk sense into Brandon, that demented puppet of Globalist ambitions
It would be quite easy for the US to create the optics of a Wednesday move by Russia.
A false flag could do that without much difficulty.
Praise Jesus. Sleepy Joe is outfoxing Putin. Just admit he’s OG. Now Germany is considering other sources for energy so there goes Putin’s bucks to trade up to a bigger yacht. His billionaire oligarch pals are getting nervous too. Remember how well Russia did against a bunch of goat farmers in Afghanistan? Easy to start but hard to finish a war. This is all an expensive big bluff to get some NATO concessions.
Again with the false flags? Don’t you get tired of parroting that shit? LOL. SMH.
Buy NKE here and thank me later.
Dafuq
Oh sure. NKE has a 38x PE ratio. We’re in a rising rate environment. I can’t really see any drawbacks to this plan.
Ahh.. you’re one of those fundamentalists like Cramer. Charts looks good. Time will tell. Not every trade needs to be a home run. Right?