rd-s - 13 upvotes - source
Sorry you ain't ready for forex bro Also bloomberg isn't a brokerage

FinancialNewsBot - 10 upvotes - source
>FUTURES RETREAT AHEAD OF FED MEETINGS MINUTES 7/6; CONTINUED 75 BPS OR ELEVATION TO 100 BPS THREATENING A SHOCK TO STOCKS. JEROME POWELL DECLINED TO COMMENT; SEEN THROWING HANDS UP IN AIR. PUTIN THREATENS CLOSURE OF OIL PIPELINES; WHALES FARGO REPRESENTATIVE RICHARD MOBY ALTERS EOY FORCAST TO $160/BBL IF RUSSIAN CLOSURE OCCURS. BIDEN SEEN ATTENDING ENERGY TALKS THIS AFTERNOON WITH ORANGE STAIN ON PANT LEG; AVERTS GAZE OF REPORTER. ^(\*Walter Boomberg AT 2022-04-20 16:00:69 EDT-0400)

Gibbit420 - 10 upvotes - source
That's 100% false. Further more capital outflows have now been expended from 150k to 1 million. In addition, prior to end of May, American and European creditors were buying Russian corporate debts like no tomorrow. The US government actually had to stop it. >The CBR increased the limit for cross-border money transfers to the equivalent of $1 million from $150 thousand. [https://tradingeconomics.com/russia/currency](https://tradingeconomics.com/russia/currency) >The volume of trading in Russian corporate debt has risen to a two-year high since Russia invaded, according to Bloomberg News. Data from the website MarketAxess shows that Russian sovereign debt traded at a volume of $7 billion between February 24 and April 7, up from $5 billion in the same period in 2021 -- a 35% uptick. https://www.cnn.com/2022/04/09/investing/russia-debt-wall-street-billions/index.html [https://www.bloomberg.com/news/articles/2022-03-03/wall-street-is-already-pouncing-on-russia-s-cheap-corporate-debt#xj4y7vzkg](https://www.bloomberg.com/news/articles/2022-03-03/wall-street-is-already-pouncing-on-russia-s-cheap-corporate-debt#xj4y7vzkg) I mean, you got to love capitalism.

VisualMod - 8 upvotes - source
>Apple Price Target Cut to $130 from $157 at Goldman - PLX-AI $AAPL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-06 ^07:59:42 ^EDT-0400

VisualMod - 6 upvotes - source
>U.S. DOLLAR INDEX HITS A FRESH TWO-DECADE HIGH AT 106.82, UP 0.3% ON THE DAY ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-06 ^06:14:29 ^EDT-0400

VisualMod - 6 upvotes - source
>EURO FALLS TO A FRESH TWO-DECADE LOW VS U.S. DOLLAR AT 1.0225, DOWN 0.3% ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-06 ^04:54:23 ^EDT-0400

VisualMod - 6 upvotes - source
>U.S. OIL FUTURES TURN NEGATIVE IN VOLATILE TRADE AFTER RISING $2 A BARREL EARLIER IN THE SESSION ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-06 ^09:09:19 ^EDT-0400

FinancialNewsBot - 5 upvotes - source
>US DOLLAR $DXY RISES TO 20 YEAR HIGH ADMIST GLOBAL ECONOMIC TURNDOWN. OIL CONTINUES TO DECLINE ADMIST RECESSION FEARS; $55/BBL EOY TARGET BY WHALES FARGO. PUTIN TO THREATEN SHUTDOWN OF OIL PIPLINES. BIDEN MAINTAINS DETEREMINED DEDICATION DEFYING DRILLING. JIM CRAMER DELETES TWEETS RECOMMEINDG BUYING OF OIL STOCKS AT $120/BBL. BIDEN SEEN SIPPING A MANGO SMOOTHIE AND WINKING AT THE CAMERA. ​ ^(\*Walter Boomberg AT 2022-04-20 16:00:69 EDT-0400)

VisualMod - 5 upvotes - source
>SOUTHWEST AIRLINES SAYS SUMMER CANCELLATIONS ARE TRENDING WELL BELOW 2020 AND 2019 LEVELS $LUV ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-05 ^15:49:06 ^EDT-0400

VisualMod - 5 upvotes - source
>OIL FUTURES CONTINUE TO DECLINE, BRENT CRUDE DOWN BY $8 A BARREL AND US CRUDE LOSES $7 A BARREL ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-07-05 ^10:59:23 ^EDT-0400
 

Bobby_Bouch - 15 upvotes - source
“Bulls r fuk” “Bers r fuk” “Bottom is in” “Futes rippin” I have now exceeded my daily contribution requirement to this thread.

TradeSpY420 - 13 upvotes - source
Futes lmaooooo. Bul is so fuk tomo.

Eslooie - 10 upvotes - source
"futes mooning" ...checks futures... Nasdaq up 9 bps lol

Gaston44 - 9 upvotes - source
Europe futes literally won’t stop falling

Usual_Cow6410 - 9 upvotes - source
Real market always reverses futes. This means we selling off today

DarkStar668 - 8 upvotes - source
Lol I actually can't stand this anymore. Celebrating barely moving futes with 10 hours left until open. Time to rethink things boys

orteg3940 - 8 upvotes - source
***futes up 0.04%*** *nobody* *absolutely nobody* ​ # WSB BULS: RECESSION CANCELED!

Adventurous_Garlic58 - 7 upvotes - source
Futes r red so I believe ur good m8

Next-level-awkward - 7 upvotes - source
But…futes we’re red…god damn it the futes were red!!! They said bulls r fuk! Why rn’t the bulls fuk?!?!

bearhunter429 - 7 upvotes - source
Futes turned red (just as I predicted) Bul r fuk (as always)
 

 

pfantonio - 36 upvotes - source
They were sanctioned under the EU and so with swift being in Belgium that restricted them from making the exchange. There's no point in them paying debt holders in countries who's currency can't be traded with rubles. Using your example but making the comparison applicable. This would be taking a loan out in USD and when you're required to pay interest payments, the system literally will not let you deposit the dollars you have. Therefore you can ask to pay in another currency or even gold but if the people you need to pay won't bother to accept it and won't go after you it's like getting a free loan. Sure the bank may never loan to you again, but that's what the whole point of CIPS is. It's a way to get away from swift for the eastern sphere. Russia is a net exporter and operates a budget surplus (only a 2% of gdp deficit during the initial invasion), Russia by all means should have a good credit rating, they're just cut off from getting some of that credit.

FarkGrudge - 13 upvotes - source
After 30 seconds of Googling, I'm somewhat of an expert now: >Ribakova said that the surplus, as well as a rebound in the rouble after an initial crash, should be not be mistaken for thinking Russia's economy was holding up better than expected. **Russian banks were flush with foreign exchange reserves as imports collapsed, she said, but Russian businesses and consumers had nothing to spend it on.** Another article: >“Sanctions are squeezing Russia’s economy. Policy makers have averted a sharper crash by stabilizing the financial system, but output will contract further as the impact spreads beyond external facing sectors.” TLDR: Yes, the stabilization of the Rouble from their emergency actions has "worked" and prevented hyper-inflation, but the actions taken are delaying the inevitable as sanctions slowly crush everything that relies on imports (which was reportedly to be like 90% of Russian companies) over time. A strong Rouble otherwise doesn't mean much if there's no imports to spend it on that were created against the dollar (or another foreign currency). Even Russian officials are predicting their GDP to contact by 12% (others suggest 15%) which would be the largest drop since the Soviet Union broke up.

occams_lasercutter - 7 upvotes - source
Actually some time ago Russia removed the capital restrictions requiring forex reserves to be sold by companies. They have lowered their interest rate from 20% to about 8%. Russia is actually concerned that the Ruble is too strong, and they are taking regular action to mitigate that strength. The truth is that Russia has debt of only 15% of GDP, much lower than their reserves. Essentially they have no debt, a large trade surplus, they are energy and food independent, and they are building a new trade bloc and settlement system. Currency strength flows naturally from economic strength. The truth is that the Ruble has been vastly undervalued for a long time. The GDP comparison to Italy really proves it. In no way is Italy comparable to Russia economically. The nominal figures are simply a glaring artifact of mispriced currency.

FriendOfRicks - 2 upvotes - source
Until the other auto manufacturers catch up, Tesla will still be big balls McGee. Even those companies are having an impossible time keeping up with current demand. When EVs start having surplus, that’s when we’ll probably see a much bigger drop. They also have the consumer truck and Semi market coming which will give them a boost

FarkGrudge - 1 upvotes - source
>[https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-sanctioms-2022/](https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-sanctioms-2022/) Answers this very well. TLDR: It's because oil prices are sky-high and imports have collapsed due to sanctions which have created an extreme export surplus -- and they're "propping it" with actions like requiring their oil to be paid in rubles. They has created a short-term buffer from economic ruin. Retail demand is still way down and the GDP is still biggly contracting.

Rim_World - 1 upvotes - source
Another reason is that they are not really buying much from other nations. They had a huge trade surplus. Now might be near deficit but not terrible
 

Playingwithmyrod - 363 upvotes - source
He's just hungover from the 4th

Generic_1806 - 63 upvotes - source
I have a feeling the number is going to be in the 7’s, which will cause a rally (and is about as real as any of the numbers have been). That rally however is the final bull trap before a steep drop of 10% over the last two weeks of July. Then we get negative GDP and an interest rate hike. We continue to slide for the remainder of the year and “real” economy (job rate, unemployment) feels it next year. They announce next summer “we’re in a recession” even though we’ve been in one for a year at that point. But that’s just my intuition based on my idiocy and ignorance.

SilentHillFan12 - 61 upvotes - source
So guys It turns out my July 4 "bonus" this year is getting fired.

Electricengineer - 37 upvotes - source
July 13 is CPI data, be careful

approachingX - 31 upvotes - source
June FOMC minutes: we’re serious about taming inflation July FOMC minutes: guys we’re like super serious about taming inflation

Thump4 - 21 upvotes - source
**Bonus Fundamentals:** (per Company disclosure) Guaranteed within the next 17 business days: The historic release of GameStop Corp's non-fungible token (N.F.T.) metaverse marketplace 'within Q2', which for GameStop is any moment this July. This is considered a new outsized stream of additional revenues, which would lead to company profitability when combined with digital sales from the \[5/5 stars\] GameStop app, rising revenues in e-commerce GameStop.com website sales, and already-recovering revenues in brick-and-mortar post-pandemic sales.

ninkorn - 20 upvotes - source
Dear fucking neighbor Fourth of July was yesterday Stop with your fucking fireworks

AshFromTheStands - 18 upvotes - source
Thing is, we’re all so plugged in, we can basically predict how this is all gonna go down. Up and down and up down all this week. No market direction at all. Next Monday, the 11th, news slips early, we sell off Monday, then hold Tuesday the 12th. Wednesday we get inflation. Market will open opposite of what we assume, then charge the other direction. We keep that pattern until a couple days before GDP report. 27th I think. We sell off THAT DAY, and that is your floor. That is bottom. And that’s it. Until we get the official word we have been in a well orchestrated and barely noticeable recession for the last 6 months, on July 27th, we trade rangebound. Then, slow grind up the rest of the year. SPY FinishES about 10-12% off for 2022.

Pabel101 - 13 upvotes - source
What’s the fucking point of pumping the market premarket after 4th of July just to dump and repump? These algos are annoying as shit

zg44 - 13 upvotes - source
I don't see how JPow sticks to a 0.75 rate hike this month. Gas prices will come down pretty substantially over the next couple of weeks and inflation pretty clearly peaked in early June based on commodities prices collapsing across the board as US hit recession. I think markets start moving down to a 0.5 rate hike for July and that can easily give us a 5-10% bump upwards. 2 year and 10 year inverted again and both are well below 3. Any relief will be temporary because the economy is likely to be a mess towards the end of the year, but a big run for trash stocks/tech stocks like we saw today can go on for 4-6 weeks due to reduced rate hikes being priced in... (terminal rate could get hit within next 3 meetings).
 

AggravatingTry1051 - 1 upvotes - source
JP will raise 75 bps because the core pce is 4.7%. He wants it 2%
 

MilaJune2 - 61 upvotes - source
So down to 373 then right back up to 380 tomorrow? Got it

Oracle_of_Omaha_69 - 35 upvotes - source
You could of got 380 calls this morning for .11 and sold them at 3 for 1.00 - I have  so I did nothing but sit in cash

Hivemindfreedom - 16 upvotes - source
Didn’t JP Morgan Chance just say it has a potential to go to $380?

shahoo7 - 16 upvotes - source
i think we all are comfortable buying Puts at 380. 🐻🐻🔥🔥

yeppersOTM - 9 upvotes - source
Hey it’s Barrack Obama here, uhhh I think SPY will close at 380 today uhh get your calls uhhh

JStevie105 - 8 upvotes - source
First those morons at JPM say spy is gonna go up 7%. Then they say oil could reach $380. In a week they are proven so incredibly wrong. When will the msm ever call out their BS? Never? Cause they are paid shills? What am i missing

kodaksdad2020 - 8 upvotes - source
The year is 2085 and my children inherit my portfolio. Spy shares teter around 380 waiting to pick a direction

thomas_btctomoon - 7 upvotes - source
imagine being analyst at jpm saying oil to 380$ just to see -10% a couple of days later

A55-Cactus - 7 upvotes - source
Pinned to 380 again. We’re literally pawns in someone else’s game 

Just_Ad5166 - 7 upvotes - source
rip to jpm's oil bag. 380 
 

marksmansam - 4 upvotes - source
You're misguided by the media associating conservatives with radical Christians. There are always extremists in any party. Whether they are Christians, Buddhists, conservatives, Liberals. There are many Liberals who are extremely against abortion and many conservatives who are getting them as we speak. The truth is the media wants to control everyone so they create stupid little conflicts amongst us to keep us busy while they slowly push you into a sheep farm. Conservatives don't really care. You could go ask 10 right now and their answer would be, if their state allows it go for it. If it doesn't so be it. Libertarians, Republicans, and Conservatives are all about State power over Federal. Give the federal government too much power your screwed. Give states the power then if you dislike something, move states

WendysMoon - 2 upvotes - source
that bitch just did a short squeeze on Michael Burry's nuts and made an abortion out of him, too smart to post positions or ban

the-fith-pillar-man - 1 upvotes - source
They said that abortion is the start of a coup against the US government

WendysMoon - 1 upvotes - source
it may still moon, this market is fucked up... the minutes from last month may say somehting like, yeah we can hike 0.75 because we have the best economy ever, and boom 4228 units and we rip, short squeeze and GME to the moon and after birth abortion with michael burry... but it should have no surprises, just minutes of a meeting like 3 weeks ago that lead to the 0.75, but...

baldwin987 - 1 upvotes - source
Then I'd say you should quit while you're on top and get yourself an abortion