Nomura’s McElligott: ‘That Was One Of The Most Manic 36 Hours Of Trading I’ve Ever Witnessed’
Nomura's Charlie McElligott didn't mince words when it came to describing the last couple of days.
"Well that was one of the most manic 36 hours of trading I have ever witnessed in my 18 year career", he remarked, in a Friday note.
Obviously, Donald Trump's decision to escalate the trade conflict with China changes the game when it comes to Fed prognosticating. Goldman, for example, quickly raised their subjective odds for a September cut from 60% to 80% on Thursday evening in light of the pre
Or, as Duvall’s Col. Kilgore, would say: “I love the smell of napalm in the morning.”
At the risk of being perceived as wrapped in tinfoil, I’ve always wondered what would happen with trump in the White House, playing with supercomputer analysis. I think the Fed rate cut meeting the other day was an example of an algorithm poker game, where a computer had spit out an analysis for a quarter percent cut and a half percent, thus, as Powell playing into the hedged insurance bet for his play, trump knew in advance that if that card was played, he’s start tweeting about China and tariffs, essentially working on some insane evil plan to short the market. One has to wonder what his strategy is all about and how it makes America better, maybe the computers know? It’s easy for many people to be united with cynicism. The poker game apparently is about trump winning biggly, but I can’t help but think that manipulating the markets is all about trump winning in some dirty (illegal) way, benefitting himself, in terms of personal wealth. My concern about supercomputers goes back to trumps interactions with Cambridge Analytica and datamining. I’m still very focused on trump’s statement that he could shoot an individual on a widely trafficked New York City street and not “lose one voter.” That suggests some deep-level shift in datamining input and output, suggesting that trump had statistically accurate data which encouraged bat-crazy stupidity to be a part of his expanding media manipulation efforts. I was worried back then, in 2016, but my real fear was that trump would be able to use data mining in new ways, with govt supercomputers, taking 2016 jet fuel and then ramming his insanity into a skyscraper, just like a terrorist — and then get away with it as the fans cheer on.
Like Frank Underwood, but with everyone else having an 85 I.Q.
Election Crimes Bulletin – Trump and the 13 Losers behind him
AUGUST 11, 2016
Greg Palast With Dennis J Bernstein for Nation of Change
Trump is a loaded weapon let loose on this election, and now he’s backed by 13 people he once called “losers.” Let’s take a look at who these guys are and just what they have in mind for this election, shall we?
https://www.gregpalast.com/trump-13-losers-behind/#more-12453
nice comment, my thinking goes in the same direction. trump must have a constant orgasm by moving the markets with his tweets and having insider knowledge all the time. he and his cronies are getting veeery rich these days….
oh no, he would never do that, because it is not fair against the other market participants. he has a high moral standard !
I’d argue he’s more like Chauncey Gardiner as opposed to some data-mining mastermind.
One way to end this “Trumpian” nightmare we are all living in is to take his ball away and quit playing the game. I have no idea how “Walt Heisenberg” stomach monitoring Trumps bullshit day after day.
I hate to admit it but I’m so tired of that man’s shit I’ve considered more than once moving everything into cash and refusing to reinvest until he is out of the White House for good.
If more and more investors did decided to do just that then “Problem solved” he’d be gone in a heartbeat.
Before anyone rolls their eyes at my naivete, Yes I know the implications of everyone pulling their money at once.. I am aware of the Great Depression… It’s ok to daydream once in a while. 🙂