The mainstream media is going to keep harping on about trade tariffs ignoring the much more important developments taking place. The 3 month Libor rate used in short term loans is rising faster than the Fed's rate hikes hitting companies and banks.
Look at how the 3 month Libor rate has spiked since the new year.
The current 3 month Libor rate at 2.29 is at its highest since 2009.
The chart below from Bloomberg shows the progress of the 3 month Libor rate since the economic crisis of 2008.
Spikes in the 3 month rate often indicators of financial stress as short term borrowing becomes more expensive.
Morgan Stanley has come out and stated that rising private borrowing costs are the real reason for the volatility in markets this year. If this trend continues be prepared for more market turmoil. It will be interesting to see how the Fed responds if this key benchmark rate continues to rise.
Thanks for explaining the weirdness. Before market opened it looked like a call day for spy, now it looks like a put, but too many weird things going on. Looks like it's time to plant a victory garden
Upvoted and resteemed.
I agree... So I did nothing--froze instead of changing logic for the put and now the puts are up against resistance.... I wonder what Greg did with his 262 SPY CALLS for Apr 13th that he opened before market closed on Thursday? Did he close them at the open today with a big loss (on small position) since his board was wiped off???
Sorry, just now read this reply. Still not familiar with how steemit works. I don't recall what happened there. I don't always understand what Greg is doing. There were a few times in the last month or so where he bought/sold just at market close and didn't post,but informed on his post market blog. I've been out of the market for several weeks to work on other things. It is so volatile I don't get into an option unless I can baby sit it to the end.
Sir Gregory Mannarino,
I see all the videos in your YouTube channel.
I try to learn a lot from there.
I learned a lot from your YouTube channel.
Sir your posts are very perfect.
You keep making content in this way.
Good day, sir!
You never upvote anyone else on steemit.
"Your willingness to give back and help others is a measure of ones greatness! Love each other, care for each other, and be charitable. Greg."
Get engaged with the people here and I will follow you again. I do appreciate your work, but this is a community and if you can't engage with the people who support you, I won't be among your supporters. I do NOT mean you have to upvote me, but there are some BIG names here now, if you can't find some accounts to support you are not trying. If you don't have time to manually upvote, use steemauto. Get engaged with the community somehow, please.
Thank You, Gregory, Upvoted, and Resteemed. See you this afternoon. BYOCB. I am watching.
Thanks for the information greg , cheers
Thx Greg.
I’m excited to watch your updated video today. Sounds like and interesting week is ahead of us.
China’s tariffs kicked in today!
Thanks for reposting.
The mainstream media is going to keep harping on about trade tariffs ignoring the much more important developments taking place. The 3 month Libor rate used in short term loans is rising faster than the Fed's rate hikes hitting companies and banks.
Look at how the 3 month Libor rate has spiked since the new year.
The current 3 month Libor rate at 2.29 is at its highest since 2009.
The chart below from Bloomberg shows the progress of the 3 month Libor rate since the economic crisis of 2008.
Spikes in the 3 month rate often indicators of financial stress as short term borrowing becomes more expensive.
Morgan Stanley has come out and stated that rising private borrowing costs are the real reason for the volatility in markets this year. If this trend continues be prepared for more market turmoil. It will be interesting to see how the Fed responds if this key benchmark rate continues to rise.
Thanks for explaining the weirdness. Before market opened it looked like a call day for spy, now it looks like a put, but too many weird things going on. Looks like it's time to plant a victory garden
Upvoted and resteemed.
I agree... So I did nothing--froze instead of changing logic for the put and now the puts are up against resistance.... I wonder what Greg did with his 262 SPY CALLS for Apr 13th that he opened before market closed on Thursday? Did he close them at the open today with a big loss (on small position) since his board was wiped off???
Sorry, just now read this reply. Still not familiar with how steemit works. I don't recall what happened there. I don't always understand what Greg is doing. There were a few times in the last month or so where he bought/sold just at market close and didn't post,but informed on his post market blog. I've been out of the market for several weeks to work on other things. It is so volatile I don't get into an option unless I can baby sit it to the end.
Something is going on!!!!
Bond selloff, stock selloff, dollar selloff.... Oh My!!!! Follow the yellow brick road.. :-0
re-steemed by using the force!!!!!!
Very very thanks for explaining this news i always wait for your updated news. All of your report is very important to us.Thanks for sharing this news
very very important news in steemit paltform..
thanks for sharing.
upvoted and resteem
Indubitably.... :-)
Sir Gregory Mannarino,
I see all the videos in your YouTube channel.
I try to learn a lot from there.
I learned a lot from your YouTube channel.
Sir your posts are very perfect.
You keep making content in this way.
Good day, sir!
articles is very interesting.
nice your post.
thanks for sharing
Hey Greg, I have followed you for years, first youtube then here. I am unfollowing you this morning and here is why:
http://steemreports.com/outgoing-votes-info/?account=gregorymannarino&days=30
You never upvote anyone else on steemit.
"Your willingness to give back and help others is a measure of ones greatness! Love each other, care for each other, and be charitable. Greg."
Get engaged with the people here and I will follow you again. I do appreciate your work, but this is a community and if you can't engage with the people who support you, I won't be among your supporters. I do NOT mean you have to upvote me, but there are some BIG names here now, if you can't find some accounts to support you are not trying. If you don't have time to manually upvote, use steemauto. Get engaged with the community somehow, please.
Well said!
Thanks for sharing your valuable content sir @marketreport
upvoted and resteem ...done
Upvote and resteem done sir
@marketreport
Upvoted and resteemed sir
@marketreport
Greg, I think it is happening right before our faces.
https://steemit.com/money/@erinscottsolar/alert-possible-major-inflection-point-silver-to-break-out-in-24-48-hours
Mr. Robin @Resteem Done.
@Resteem and @Upvote Done :)
Thanks for share information.
robin hood. help me
nice post
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Thank You! ⚜
Great updates! Thanks for the insight.What do you think of HR5404 ?https://www.congress.gov/bill/115th-congress/house-bill/5404
Petro yuan.
Nice post friend
Is this the beginning of the end or the end beginning. No good reason to own stocks at this point.
creativity!
Vote deya ki bondho kore dilo?
I see all the videos in your YouTube channel.
I try to learn a lot from there
Some people saying crypto trading is slowing down, but that move proves them wrong. We just need to more patient and wait for the right opportunity.
upvoted and resteem
Upvote and resteem done sir
What will this week bring?
ummm will the first person that notices that today's decline might be "significant" please let me know
Today's decline might be significant!!!! Depending on your definition of "significant"..... ;-)
Great report, thank you.
What about crypto? Bottom out?
Thank you Greg for the information. Very interesting. I can wait to see how all this is going to end.