NQ - 15 Minute / 75 Sqeaks, Waller & Bullard
"We're sticking to 75 Bips.... we swear."
The Bullhonrs @ our destructive Federal Reserve is attempting to calm the Short End of the Curve
for Bonds.
Bonds that continue to fail at every auction, every one, epic fail after an epic fail.
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The Global Economy is in ruins, no amount of short-term Discount Rate jiggering will ever serve to
correct the malaise the FED created.
Cost of Sales remains a loser to Inflation - it exceeds Pricing Power.
The Consumer is under extreme duress, passing along further increases will be met with a decline
in Sales Volume, as Net Incomes collapse 30-40% - Profit... they indeed implode.
This is the Factual state of affairs within all Corporations.
Expenses are vastly outpacing Net Incomes.
Presently, on average - Corporations are losing at a rate of decline of 163% as Costs of goods sold
runs away as Pricing Power contracts markedly.
Consumers resist after substitution effects give way.
______________________________________________________________________________________
Delta, by example, Net income slid ~50%, and yet they report a beat... rather a beating.
Good look?
Clearly not.
More Layoffs.
This is the overwhelming Trend across all Sectors... it is unequivocal.
________________________________________________________________________________________
TECH is not immune to the phenomena, it is not special. By way of Fact, it is far more susceptible to
faster and further Ratio reductions - by a very large reduction.
With EPS ahead - Big Tech can likely see another attempt at a large Throw Over Short Squeeze (TOSS)
only to crash back to lower lows, significantly lower into September thru October.
Apple's Gap @ 155 can fill, and Tesla can trade over its recent high although Eron is Burning down the House.
This week's close is important, Buying the Dip is being faded in the extreme.
________________________________________________________________________________________
The Q;s are outperforming the Spoos for July, the rotation is being defended... for now.
Tech gender confusion? AOC on the Block? Nah, just more identifying with distraction, delay and
derailment.
I see sub 10K NQ into Fall without breaking a sweat.
Using DEC Futures for Sells regardless of where Junk.Co heads ST, it's going far lower.
Bring on the Squeeze Wally, we're looking forward to it.
The Economy... it's terminal, we'll see if Sentiment agrees and dips in below 50 or does the Chef at the
BLS buys some time while the souffle rises only to collapse in on itself.
The Bullhonrs @ our destructive Federal Reserve is attempting to calm the Short End of the Curve
for Bonds.
Bonds that continue to fail at every auction, every one, epic fail after an epic fail.
_____________________________________________________________________________________
The Global Economy is in ruins, no amount of short-term Discount Rate jiggering will ever serve to
correct the malaise the FED created.
Cost of Sales remains a loser to Inflation - it exceeds Pricing Power.
The Consumer is under extreme duress, passing along further increases will be met with a decline
in Sales Volume, as Net Incomes collapse 30-40% - Profit... they indeed implode.
This is the Factual state of affairs within all Corporations.
Expenses are vastly outpacing Net Incomes.
Presently, on average - Corporations are losing at a rate of decline of 163% as Costs of goods sold
runs away as Pricing Power contracts markedly.
Consumers resist after substitution effects give way.
______________________________________________________________________________________
Delta, by example, Net income slid ~50%, and yet they report a beat... rather a beating.
Good look?
Clearly not.
More Layoffs.
This is the overwhelming Trend across all Sectors... it is unequivocal.
________________________________________________________________________________________
TECH is not immune to the phenomena, it is not special. By way of Fact, it is far more susceptible to
faster and further Ratio reductions - by a very large reduction.
With EPS ahead - Big Tech can likely see another attempt at a large Throw Over Short Squeeze (TOSS)
only to crash back to lower lows, significantly lower into September thru October.
Apple's Gap @ 155 can fill, and Tesla can trade over its recent high although Eron is Burning down the House.
This week's close is important, Buying the Dip is being faded in the extreme.
________________________________________________________________________________________
The Q;s are outperforming the Spoos for July, the rotation is being defended... for now.
Tech gender confusion? AOC on the Block? Nah, just more identifying with distraction, delay and
derailment.
I see sub 10K NQ into Fall without breaking a sweat.
Using DEC Futures for Sells regardless of where Junk.Co heads ST, it's going far lower.
Bring on the Squeeze Wally, we're looking forward to it.
The Economy... it's terminal, we'll see if Sentiment agrees and dips in below 50 or does the Chef at the
BLS buys some time while the souffle rises only to collapse in on itself.
Comment:
Spoos back to outperforming Q's.
Comment:
Sentiment comes in @ 50 again... it's well below in truth and fact.
Riggers on the Trigger.
Riggers on the Trigger.