sellside observations and a couple economic calendars to help prepare for the week ahead
Good AFTERNOON and happy Father’s Day to any / all celebrating!
I’m fortunate to say I’ve already snuck out for an early round with ‘Thing 2’ as ‘Thing 1’ driving home for the week as we continue to celebrate dads and GRADS in the week ahead.
Therefore, I’m going to have even less to say than normal.
That in mind, I DO love the smell of hyperbole in the afternoon … ZH recapping FRIDAY
Hawkish Fed Sparks Dow's Worst Streak Ever; Crypto, Crude, & Credit Crushed
That was then and this is now — over the weekend BITC continues it’s downward spiral …
ZH: Cascading Liquidations Send Bitcoin Below $18,000 As Daisy-Chained Margin Call Contagion Sparks Record Selling
HERE IS A LINK through to a few curated WEEKLY notes / LINKS (knowledge without noise -- ala HARKSTER.COM) from some of the brightest bulbs and sharpest tools in the shed which is located on Wall Street.
These insights -- what they are thinkin’, sayin’ and ultimately, the narratives they are sellin’ -- MAY be of some interest as they may help as you plan your trades and prepare to TRADE your plans ahead of Sunday evening’s market OPEN!!
I’m grateful that I’ve not yet been kicked off these email distribution lists and lean on some of these for confirmation bias — whether I agree or not — with any given narrative.
And in addition TO what Global Wall Street is sellin’, a few more links to help / keep stirring your creative trading / investing juices flowing
ZH: Deflationary Tsunami On Deck: A "Tidal Wave" Of Discounts And Crashing Prices
Technical guys watching the yield curve: Follow the Curve, Not the Noise
Technical guys watching credits and 30yr futures: Corporate Bonds Show Oversold Condition For T-Bonds - Chart In Focus
… This week’s chart looks at a Ratio-Adjusted McClellan Oscillator for the investment grade bond A-D data. On June 14, 2022, it reached its lowest reading since the Covid Crash in March 2020 (not shown). Extreme readings like this are pretty uniformly exhaustive in their nature, and help to signal washout selloffs in T-Bond prices.
… In a concerted downtrend, it is possible for the bond market (or stocks, or anything) to ignore an oversold condition. But when we see the biggest oversold condition in a couple of years, it tends to draw our attention and tell us that something special is happening.
AND … for any / all interested in trying to plan your trades and trade your plans in / around FUNduhMENTALs, here are a couple economic calendars and LINKS I used when I was closer to and IN ‘the game’. First, this from the best in the strategy biz is a LINK thru TO this calendar,
Wells FARGOs version, if you prefer …
… and lets NOT forget EconOday links (among the best available and most useful IMO), GLOBALLY HERE and as far as US domestically (only) HERE …
Finally, in the case I’ve not yet put you to sleep OR you need something (else/more) to read at the beach,
And since we’re thinking of Fedspeak and for any / all who have actually made it through THAT without falling asleep, here, try THIS
Enjoy the day — dads and grads!!
… THAT is all for now. Back TO what is left of the weekend …