Stocks on Wall Street finished the session on Friday with substantial gains as the Dow Jones soared nearly 600 points into the close. Today’s trading session was volatile as traders monitored rising Treasury yields. Yields stabilized follow after the return on the benchmark 10-year Treasury note rose to its highest level this year. Earlier in the day, it was revealed that the US economy added 379,000 jobs last month. The Dow closed 1.85% in the green or 572 points higher as Chevron led the gains, surging 4.26%. The S&P 500 jumped 1.95% at the close with NOV rocketing over 12% as the strongest performer. The Nasdaq 100 jumped 1.64%; NXP Semiconductors soared 8.14% to the top of the chart. Nick Note: We put in this week a triple bottom. You MUST look at your charts on a closing bases. We had a velocity drop a break down side called capitulation. That is where foolish longs gave up. Then the churn and burn as the market trashed back and forth off the lows. And then a high volume high velocity drop confirming the lows on Friday. and then the rocket launch as the velocity break out to the upside. The technicals confirmed by the fundamentals means the 3 day 10% correction is over. ANd we will soon see new stock market record highs. Now make no mistake mistake about it their will be massive celebrations as the set the captives free syndrome takes hold. Unfortunately this bubble economy and stock market based on record breaking pent up demand will end in tears. This will be fueled by money…… like never seen before put into the stock market. The prosperous masses have a record high savings rate and access to record amounts of credit. This means plenty of cash and credit to pay for the coming out of the coronavirus party. And plenty of money for the stupid money to buy the shit out of the stock market on leverage. It turns out even when you were convinced we should spread (you cannot make money spreading on the bottom) I was right and guessed luck again. What i predicted and believed is well documented in real time. It will turn out that once again i called the exact bottom, reversal and rally ahead of time. DOCUMENTED! Unlike the liars and experts who pollute the biteways. They will serve their purpose for us. And that is getting the masses to “invest for the long haul” and give us their money. To be clear here i expect a sharp fast rally… Again if i can guess lucky when i sense the top (by the grace of GOD) i will pull the plug on this trade faster then a Hooker mail and or female drops his/he/its panties for money and or drugs. To be clear here this calls for the most agressive buying ever. ANd then the long awaited and much deserved marker date with destiny. THE BIGGEST STOCK MARKET CRASH EVER. And i belive you will be able to cash in bigtime. Look at your trding these past 2 years. Imagine the money you could have made with my near perfect market calls (LUCKY GUESSES) if it were not for the margin fucking. Well help is on the way.. check your mailbox. What do i mean by help?? Why our BELOVED CFD TRADING! The EQUALIZER, A WAY TO LEVEL THE PLAYING FIELD!!
Wall Street markets extended gains on Friday towards the end of the last session of the week as details of the $1.9 trillion stimulus bill were making headlines. Although the Senate had voted earlier to not add the $15 minimum wage to the relief package, US President Joe Biden said it is still a priority for him to make it happen.Dow Jones jumped 515 points or 1.67% at 2:59 pm ET, while Nasdaq 100 gained 212 points or 1.69% at the same time. S&P 500 added 67 point. Nick Note: i seem to remember,,,,I FUCKING TOLD YOU SO!
The 10-year United States Treasury yield is now returning to the levels it last had six months before the coronavirus pandemic, as the economic outlook improves overall, St. Louis Federal Reserve Bank President James Bullard said on Friday. The better economic expectations are bringing real yields higher, he noted but also added that the 10-year yield level is still quite low. The 10-year yield hit highs last seen in October 2019 and was at 1.561%, rising by 1.1 basis points at 12:37 pm ET. Commenting on inflation, Bullard stated that he would support a 2% inflation target on a sustained basis. Nick Note: of course the Fed wants a stock market rally
Federal Reserve Chairman Jerome Powell “there is no plan to raise interest rates until labor-market conditions are consistent with maximum employment and inflation is sustainably at 2%.”
WASHINGTON—Federal Reserve Chairman Jerome Powell reiterated his intention to keep easy-money policies in place but provided no sign the central bank will seek to stem a recent rise in Treasury yields, prompting them to rise further. Stocks also sold off on Mr. Powell’s remarks Thursday during an interview at The Wall Street Journal Jobs Summit. The appearance came a week after a jump in Treasury yields driven by forecasts of stronger U.S. economic growth and inflation this year, among other factors. “Today we’re still a long way from our goals of maximum employment and inflation averaging 2% over time,” Mr. Powell said Thursday during the interview.The Covid-19 pandemic continues to upend the job market. Some analysts said his latest remarks did little to ease investor fears about rising bond yields.“The market was looking for some more reassurance and didn’t get it,” said Krishna Guha, head of global policy and central bank strategy at Evercore ISI. Fed officials “don’t appear particularly concerned about the current level of yields, which in both real and nominal terms is significantly higher than it was two weeks ago.” The yield on the 10-year Treasury note rose above 1.55% after Mr. Powell’s interview—its highest level since before the pandemic—up from 1.46% earlier Thursday and 0.92% at the beginning of the year. The Dow Jones Industrial Average lost 345.95 points, or 1.11%, to 30924.14 Thursday. The S&P 500 declined 51.25 points, or 1.34%, to 3768.47, the third consecutive session of declines. The Nasdaq Composite fell 274.28 points, or 2.11%, to 12723.47. Meanwhile, oil prices rose Thursday after OPEC and a Russia-led coalition of oil producers kept most of their production cuts in place, surprising traders who had expected the group to increase output. Mr. Powell’s remarks came at his last scheduled public event before Fed policy makers meet on March 16-17. He said the central bank will maintain ultra-low interest rates until its employment and inflation goals have been met, and will continue hefty asset purchases until “substantial further progress” has been made. Recent evidence suggests the labor market is improving, but slowly. The Labor Department said Thursday that filings for unemployment benefits, a proxy for layoffs, rose slightly to 745,000 in the week ended Feb. 27, down from 927,000 in early January but more than three times their pre-pandemic levels. Mr. Powell noted that the U.S. has about 10 million fewer jobs than before the pandemic and said, “It will take some time to get back to maximum employment.”The central bank has held its overnight federal-funds rate near zero since last March. It has sought to suppress longer-term rates by purchasing, since last June, at least $120 billion a month of Treasury debt and mortgage-backed securities. As bond yields have risen, some investors have begun to speculate that the Fed could start to skew its asset purchases or holdings toward longer-dated instruments in order to keep borrowing costs low. Asked Thursday about the climb in long-term rates, Mr. Powell said it “was something that was notable and caught my attention.” But he signaled no imminent policy response from the central bank. “I would be concerned by disorderly conditions in markets or a persistent tightening in financial conditions that threatens the achievement of our goals,” Mr. Powell said Thursday. He added that the Fed is looking at “a broad range of financial conditions,” rather than a single measure. “If conditions do change materially, the [Fed’s rate-setting] committee is prepared to use the tools that it has to foster achievement of its goals,” Mr. Powell said. Mr. Powell said last week that the Fed doesn’t foresee lifting its benchmark fed-funds rate from near zero until three conditions have been met: a broad range of statistics indicate that the labor market is at maximum strength, inflation has hit its 2% target, and forecasters expect inflation to remain at that level or higher.
Mr. Powell said it’s “highly unlikely” that the Fed’s goal of maximum employment will be reached this year. But he was less clear about whether the economy could show enough improvement this year for the Fed to start reducing its monthly asset purchases.
“I’ve so far been able to not reduce it to an estimate of time. I mean, that will come, I think, when we can see that,” Mr. Powell said, referring to the standard that the Fed wants to meet before scaling back its asset purchases.Nick Note: the stock market spinmysters are peddling a basket of their latest bullshit. It goes like this… the economy is so hot the FED is going to raise rates…. What fucking bullshit… All i want to do is buy stocks………through indices
farm employment in the United States increased by 379,000 in February, according to data from the US Bureau of Labor Statistics on Friday. The figure exceeded expectations which hovered at around 200,000. The unemployment rate was little changed compared to the previous month at 6.2%, as well as the number of unemployed persons, at 10 million. The number of persons on temporary layoff fell by 517,000 in February to 2.2 million, although it is still 1.5 million higher on a yearly basis. The number of long-term unemployed was reported at 4.1 million, little changed from January, but up by 3 million over the year. The labor force participation rate remained at 61.4% in February.
LONDON (Reuters) – OPEC+ maintained its oil output policy at a meeting this week as the price of crude hit its highest in almost a year, a sign that deep supply cuts are draining inventories despite an uncertain outlook for demand recovery. A Joint Ministerial Monitoring Committee of OPEC+ met virtually on Wednesday, pronouncing itself “optimistic for (a) year of recovery in 2021,” a draft statement seen by Reuters said. Oil has rallied from historic lows hit last year as the pandemic hit demand, thanks to record output cuts by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+. The OPEC+ panel made no mention of changing its oil policy, which calls for most members to hold supply steady in February and top exporter Saudi Arabia to cut output voluntarily by 1 million barrels per day this month and next. Nick Note: Do not kid yourself this economy is coming back alive… Its called a reflation.
(Reuters) – U.S. stocks slumped on Thursday with the Nasdaq on track to confirm correction territory, as Federal Reserve Chair Jerome Powell’s remarks failed to soothe market worries about a jump in longer-term U.S. bond yields. The benchmark 10-year Treasury yield spiked to 1.533% as Powell did not comment on any changes in Fed’s asset purchases to tackle the jump. It still held below last week’s one-year high of 1.614%. Investors were expecting that the Fed might introduce Operation Twist in which the central bank shifts its bond purchases to the long end of the yield curve from the shorter end. “The market has been worried about the rise in long-term interest rates and the Fed chairman in his commentary didn’t really push back towards this increase in rates and the market took it as a signal that yields could rise further which is what has happened,” said Scott Brown, chief economist at Raymond James in Florida. Wall Street’s fear gauge touched a near one-week high at 28.16 points. The Nasdaq wiped out all of its year-to-date gains and was down about 10% from its record closing high on Feb. 12. Nick Note: In other words the bottom held. This trade has become a titty twister. A near death experience. All this crap about long interest rates rising is something we predicted and now have a trade for. Long rates have NO EFFECT on the stock market, Banks or business. They are ALL short term borrowers. Meaning they are creatures of short term rates as set by the FED. Investors (real Ones) and savers live up the hill in long rate land. The Yield cure has been flatter then a 8 year old school girls chest. But that baby is about to blossom into a pair of 44’s Triple D’s.
PS their is no inflation, their will be NO inflation… Its a freeging deflation that is reflating the dead man walking economy..
WASHINGTON (AP) — Capitol Police say they have uncovered intelligence of a “possible plot” by a militia group to breach the U.S. Capitol on Thursday, nearly two months after a mob of supporters of then-President Donald Trump stormed the iconic building to try to stop Congress from certifying now-President Joe Biden’s victory. The threat appears to be connected to a far-right conspiracy theory, mainly promoted by supporters of QAnon, that Trump will rise again to power on March 4. That was the original presidential inauguration day until 1933, when it was moved to Jan. 20. Online chatter identified by authorities included discussions among members of the Three Percenters, an anti-government militia group, concerning possible plots against the Capitol on Thursday, according to two law enforcement officials who were not authorized to speak publicly and spoke on condition of anonymity. Members of the Three Percenters were among the extremists who stormed the Capitol on Jan. 6. The announcement comes as the Capitol police and other law enforcement agencies are taking heat from Congress in contentious hearings this week on their handling of the Jan. 6 riot. Police were ill-prepared for the mass of Trump supporters in tactical gear, some armed, and it took hours for National Guard reinforcements to come. By then, rioters had broken and smashed their way into the building and roamed the halls for hours, stalling Congress’ certification effort temporarily and sending lawmakers into hiding. “The United States Capitol Police Department is aware of and prepared for any potential threats towards members of Congress or towards the Capitol complex,” the agency said in a statement. “We have obtained intelligence that shows a possible plot to breach the Capitol by an identified militia group on Thursday, March 4.” Police did not identify the militia group in the statement. The U.S. House was abruptly wrapping its work for the week Wednesday night given the threat of violence. An advisory sent earlier this week to members of Congress by Timothy Blodgett, the acting House sergeant-at-arms, said that the Capitol Police had “no indication that groups will travel to Washington D.C. to protest or commit acts of violence.” But that advisory was updated in a note to lawmakers Wednesday morning. Blodgett wrote that the Capitol Police had received “new and concerning information and intelligence indicating additional interest in the Capitol for the dates of March 4th – 6th by a militia group.” In her testimony to the House panel, acting Capitol Police Chief Yogananda Pittman said her investigators had collected “some concerning intelligence,” but declined to provide any details publicly, saying that it was “law enforcement sensitive” and that she would provide a private briefing for the subcommittee members. Lawmakers, congressional staffers and law enforcement officials are still on edge after the attack last month, even as the security posture around the Capitol remains at an unprecedented level. On Wednesday, federal agents were seeking to determine whether there was an increase in the number of hotel rooms being rented in Washington, as well as monitoring flights to the area, car rental reservations and any buses being chartered to bring groups into the capital, a person familiar with the matter told The Associated Press. The person could not publicly discuss details of the security planning and spoke on condition of anonymity.
The FBI and Department of Homeland Security also sent a joint intelligence bulletin to local law enforcement officials Tuesday warning that a group of militia extremists had discussed trying to take control of the Capitol on March 4 and encouraging thousands of people to come to D.C. to try to remove Democrats from power.
There has been a noticeable decline in online activity on some social media platforms surrounding efforts on March 4, and there was already considerably less online chatter than during the lead-up to Jan. 6, a day that Trump repeatedly had promoted for a his rally and encouraged thousands to come to the nation’s capital. Several QAnon groups still operating on the social media messaging platform Telegram warned followers to stay away from any events on March 4, claiming it was a setup for Trump supporters. “If there are groups out there planning and advertising events on or around March 4 anywhere in the country (DC included) we strongly urge everyone to avoid them entirely,” one Telegram user wrote late last month in a QAnon group that has more than 65,000 followers. There’s also a very large fence in place around the U.S. Capitol that blocks off all avenues of entry including on the streets around the building, which was put in place after Jan. 6. Also, thousands of accounts that promoted the Jan. 6 event that led to a violent storming of the U.S. Capitol have since been suspended by major tech companies like Facebook and Twitter, making it far more difficult for QAnon and far-right groups to organize a repeat of the mass gathering on Thursday. Twitter banned more than 70,000 accounts after the riots, while Facebook and Instagram removed posts mentioning “stop the steal,” a pro-Trump rallying cry used to mobilize his supporters in January. And the conservative social media platform Parler, which many of Trump’s supporters joined to promote false election fraud conspiracy theories and encourage friends to “storm” the Capitol on Jan. 6, was booted off the internet following the siege. Capitol Police say that they have stepped up security around the Capitol complex since January’s insurrection, adding physical security measures such as the fencing topped with razor wire around the Capitol and members of the National Guard who remain at the complex. The statement said the agency was “taking the intelligence seriously” but provided no other specific details on the threat. “I think they are definitely prepared for any threats that may come our way in the next couple days,” said Rep. Jennifer Wexton, D-Va., who was one of several lawmakers briefed privately by the police. Wexton added that she still questioned the long-term security plan for the Capitol and said Pittman, the acting chief, “has not come up with proactive ways to fix the issues that they had.” So far, about 300 people have been charged with federal crimes for their roles in the riot. Five people, including a Capitol Police officer, died. Since his defeat, Trump has been promoting lies that the election was stolen from him through mass voter fraud, even though such claims have been rejected by judges, Republican state officials and Trump’s own administration. He was impeached by the House after the Jan. 6 riot on a c harge of incitement of insurrection but was acquitted by the Senate. Nick Note: This is beyond stupid,,, their will be no attack
The coronavirus may have originated in China but its economic impact is being felt most acutely elsewhere. From Europe to North America, advanced nations are battling to contain a resurgence in infection rates and are bracing themselves for double-digit falls in output this year. They can only look with envy to China, where the economy has already recovered. Here is picture during lockdown”
No business during lockdown no smog
China did it right shit it down completley and totally….. test the shit out of everyone and only open up once the plague is under control. See how China loofs once it reopened:
Nick Note: America is making a BIG mistake opening prematurely. In a few months sufficient numbers of people will have been vaccinated.
President Joe Biden and federal health experts hit back Wednesday against Texas and Mississippi dropping their Covid-19 business restrictions and mask mandates, with Biden criticizing the decisions as “a big mistake,” joining a chorus of public health experts and officials who have spoken out against the orders being lifted while cases remain high and coronavirus variants spread. With the U.S. on the “cusp” of widespread vaccinations, the “last thing” it needs is “Neanderthal thinking that ‘in the meantime everything’s fine, take off your mask, forget it,’” Biden told reporters Wednesday, after White House Press Secretary Jen Psaki criticized the decision at an earlier press briefing, saying, “This entire country has paid the price for political leaders who ignored the science when it comes to the pandemic.” Dr. Anthony Fauci also criticized the states’ decisions as “ill-advised” and “really quite risky” at a town hall Wednesday with the United Food and Commercial Workers International Union, noting that in the past when cases have plateaued as they are now, “when you pull back on measures of public health, invariably you’ve seen a surge back up.” “The CDC have been very clear that now is not the time to release all restrictions,” Centers for Disease Control and Prevention Director Dr. Rochelle Wallensky said at a briefing Wednesday about the dropped measures, noting residents are “empowered to do their own thing here” by continuing to wear a mask and social distance “regardless of what the state decides.” The comments follow a series of high-profile figures who spoke out against Texas Gov. Greg Abbott’s decision Tuesday: Texas politician and former Rep. Beto O’Rourke slammed the move as a “death warrant for Texans,” while Rep. Alexandra Ocasio-Cortez (D-N.Y.) said Texas’s dropped restrictions “endangers the entire country and beyond.” Local leaders throughout Texas also criticized Abbott, with San Antonio Mayor Ron Nirenberg saying lifting the measures is a “huge mistake” akin to “cut[ting] off your parachute just as you’ve slowed your descent.”Health officials in Texas have also responded to the governor’s decision with outrage: Houston Health Department official Dr. David Persse said Tuesday he was “at a bit of a loss for words,” and Memorial Hermann Health System CEO Dr. David Callender told KHOU11, “I think the typical response I’ve heard today from our people is, what is he thinking?”
“It’s critical, critical, critical, critical that they follow the science” by wearing a mask, washing hands and social distancing, Biden told reporters Wednesday. “I know you all know that, but I wish the heck some of our elected officials would.”
Abbott announced Tuesday that all restrictions on businesses in the state and the statewide mask mandate will lift starting March 10 as cases in the state have gone down, declaring, “It is time to open Texas 100%.” Mississippi Gov. Tate Reeves also announced Tuesday his state would end its Covid-19 restrictions and mask mandate, which only applied to certain counties, as well. The decisions are part of a broader trend of states lifting or easing restrictions as Covid-19 cases have dropped nationwide. These steps have been taken over the objection of health officials, who have warned against relaxing restrictions while more transmissible coronavirus variants spread nationwide. Wallensky noted last week that the recent decline in cases now appears to be plateauing as variants have taken hold, calling the new trend a “very concerning shift” in the course of the pandemic. As coronavirus variants remain a concern, a February study found that Houston was the first city in the country to record every major variant that has been documented by genome sequencing so far. The study found 28 cases linked to variants, including the strains that were first identified in the United Kingdom, South Africa and Brazil. Nick Note: How do you spell STUPID…….TEXAS!
