07-31-26 savo
| merlino... this guy lives in mars... he clearly does not go to the supermarket.. |
|
07-31-26 Merlino
David Rosenberg @EconguyRosie Jul 29
Ahead of today’s FOMC meeting, all the chatter is about elevated inflation. Meanwhile, oil and industrial commodity prices are well off their nearby highs. The USD is strong. There is no wage acceleration at all. Demand growth is now running at a stall-speed 1-1/2% annual rate. Core service sector price trends are decelerating nicely, and core goods prices are completely flat over the past six months. If you replace the shelter components of the CPI with real-time rent and home price data, core inflation is running at the grand total of 1.4%.
There are narratives and then there are facts. The Fed would need to have its head examined to raise rates today or even ratify market expectations of two hikes ahead.
----------------------------------------
Jeffrey Gundlach @TruthGundlach 15h
30 year maturity Treasury bond holders want Fed hikes, not more Fed committees.
|
|
07-31-26 savo
meanwhile the UST10 and UST30 30 year charts look horrible for the fiscal deficit.
https://fred.stlouisfed.org/series/DGS10/
https://fred.stlouisfed.org/series/DGS30 |
|
07-31-26 savo
to provide additional collateral
showing that the earnings and stocks rally is fueled exclusively by credit... the same credit that fuels inflation...
The Fed is trapped.. reduce or contract credit to stop inflation would kill the stock market and provoke a financial crisis...
Do not contract credit and inflation will continue its ascendant march...
#deathbyinflationordeathbyfinancialcrisis
Warsh tough talk is not credible..he does not need to talk.. he can act.. he has the tools... but will not. |
|
07-31-26 spaldo
https://time.com/article/2026/07/30/venezuelan-president-delcy-rodriguez-interview/?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=300726
How Delcy Rodríguez Went From Maduro Loyalist to Trump Proxy
by
Eric Cortellessa/Caracas
Open follow modal
SENIOR CORRESPONDENT
JUL 30, 2026 1:00 PM CET |
|
07-31-26 spal
unusual_whales
@unusual_whales
·
8h
NEWS: Wall Street banks have asked funds heavily concentrated in certain industries to provide additional collateral, per FT |
|
07-30-26 spal
| Yes Savo - but nonetheless I closed the PBF position ... not saying I wont go again though. I like those kinda rides. |
|
07-30-26 spaldo
https://time.com/article/2026/07/30/venezuelan-president-delcy-rodriguez-interview/?utm_source=twitter&utm_medium=social&utm_campaign=editorial&utm_content=300726
How Delcy Rodríguez Went From Maduro Loyalist to Trump Proxy
by
Eric Cortellessa/Caracas
Open follow modal
SENIOR CORRESPONDENT
JUL 30, 2026 1:00 PM CET |
|
07-30-26 savo
spal.. PBF went from negative 865 MM free cashflow in Q1 26 to positive 1.3 bn in Q2.
Net leverage from 4.3 to 0.5 in one quarter! |
|
07-30-26 spal
| Leopold Aschenbrenner - looking like a one trick pony. |
|
07-30-26 Merlino
Interesting take on AI investments, china, S&Ps
https://x.com/learnaifaster/status/2080559997243850887 |
|
07-30-26 spal
|
07-30-26 spal
Of course the equities are now in good hands ...
PBF
PBF ENERGY INC A
73.77 (+16.45%)
|
|
07-30-26 spal
but I have PBF bonds which did quite well.
===
Well played. |
|
07-30-26 savo
| no spal... no equities for me but I have PBF bonds which did quite well... surprisingly so.. as the research was very negative at some point. |
|
07-30-26 spal
PBF
PBF ENERGY INC A
72.40 (+14.29%)
Savo - presumably you bought refining shares ... I hope so. |
|
07-30-26 spal
PBF
PBF ENERGY INC A
70.51 (+11.30%)
|
|
07-30-26 spal
| Savo - I bought PBF again yesterday (prior to earnings) - thanks for your reminder. |
|
07-30-26 spal
PBF
PBF Energy, Inc. engages in the operation of a petroleum refinery and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States.
Adjusted EPS: Came in at $6.22 per share, crushing analyst consensus estimates of $4.15 by over $2.00 per share.
Revenue: Reached $11.68 billion, up 56% year-over-year and beating estimates ($9.92 billion) by $1.76 billion.
Adjusted EBITDA: Soared to $1.22 billion, a massive surge from just $51.8 million in Q2 2025. |
|
07-30-26 spal
| Savo - worth getting a better read on this. Thanks. |
|
07-30-26 savo
spal.. you may have the answer to Charlie Kirk here:
https://www.youtube.com/shorts/R003qcFXjMk |
|
07-30-26 savo
South Korea’s stock market is now down -35% this month
hadn't it gone up 120% before based on illusory circular trades?
according to this chart there were 4.8 Trn of them:
https://www.linkedin.com/posts/charles-henry-monchau-cfa-cmt-caia-4003096_updated-look-at-the-increasingly-circular-share-7487610543676149760-0lJb |
|
07-30-26 victor
BMW, el último gigante en sucumbir a la crisis de la automoción alemana bajo la presión de China y EE.UU.
La marca ha anunciado una salida de 8.000 trabajadores, la mayoría en el país germano, y se suma a los recortes de empleo en Volkswagen, Mercedes, Audi y Porsche
|
|
07-30-26 spal
Kuppy
@hkuppy
·
23h
I always thought Billy Hwang was a degenerate gambler.
Turns out, he was just an average Korean guy, but with an ISDA…
Quote
The Kobeissi Letter
@KobeissiLetter
·
23h
BREAKING: South Korea’s stock market falls -8% as the global chip stock selloff continues.
South Korea’s stock market is now down -35% this month. |
|
Board
