When the JUN17th SPY intraday churn and handoff completed - it was a very big tell.
Jamie passed off the trade to the Tails. Donkey meet pin... yer ass was cooked.
Another Vapid, mindless, and fraudulent squeeze.
Consumer Confidence @ 50... lol, couldn't lose it, but nasty.
Yeah, BTD... that'll end well.... again.
3200s By October, perhaps September, no rush... 22.5 degrees down Bubble will do.
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Unsure how TV seems to miss the important Futures Gaps, but it does so
and a far too frequent basis.
Get yer Junk together TV.
Anyhoo... the Junk & Co is being propped with Uncle Kook aka Jerry unable
to perform the Drain-O operation he so vigorously began on May 25th @ 51B.
He done punked out again... buying up 21B is Junk Co Debt, unable to leak
out of any MBS, who'd buy that Junk anyhow...
Junk & Co is now adrift in a Sea of Neutral Fed actions with Jawbone Jerry
ahead on Wednesday.
He does appear to have had a Stroke or at minimum, his face has gone Dick Cheney.
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The JUL Put Clippers are back.