We completed Week 26 Friday, a Week of violent swings in both Range and Velocity at specific times.
The FED won't report an updated Balance Sheet until Wednesday.
It's clear they are not draining at all, but suppressing the 10 Year Note yield with UST Purchases.
Don't take my word for it, get off your ass and look for yourself, it's in black and white.
Very much in your face... We saw the results of the 551B May 25th drain... Indicies were completely wrecked.
Thereafter, Jerry and the Gang of Lying Muppets at the FED reversed course only after it became very clear the real Crash was beginning.
Counter-Parties were "F_ck it, we are out~!"
The 10 was going to cross 3.50, that could not be permitted just yet.
A Full out assault on Comoddities was employed by the usual Jinky Carnies of Doom. The Media quickly began touting 3200 for the Spyder Web.
Ya knew it was gonna turn when JPM Passed off all it JUN 17 SPY Puts. The volumes suddenly were snagged up by who else... Retail. They exceeded the 14 Week hold on those 2 option strikes in one day.
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