well well what a week.!!! 911 memorial yesterday, maybe next...

well well

what a week.!!!

911 memorial yesterday, maybe next year there will be a memorial for the 180,000 people who died to save us from a "panic" and "price spikes"  I mean toilet paper spiked here to 35 dollar a packet and suckers bought it, thankfully 180,000 people died to make sure I could buy it for normal prices......

Anyhooooo I digress

short week but USDGold  price consolidated and finished up,

start 1929 to finish at 1939.

AUd price starts at 2674 and ends at end at 2664 ish

Wild FX moves for sure -
AUD continues to crank,
RBNZ really talks up negative rates move coming.
ECB doesn't talk more stimulus but jawbones as hard as it can following a revised inflation number which were revised up to ZERO.

USA inflation numbers come in much higher than expected on both Core and headline - this time the problem was second hand trucks

Quite a few increased restrictions in Europe and Asia. - no biggy - no one cared on markets

Rush to IPO all over the place,

Ex commercial Secretary Cohen floats a blank check company, oversubscribed, that is  a company given 650M USD to invest in what he feels like when he comes up with a plan.

Softbank CEO tries to come to market with more IPOs after trying to crank teck prices via options which appear to have been a bit of a failure.

The crazy Chinese Tech Board -  where everyone is rushing to float given insane stag profits sees YUM brands seemingly the first share price not to explode on Debut into the next galaxy despite being 53 times over subscribed.

Tesla sees it shares rebound strongly last couple of days, amazing, its says its going to sell made in china cars from its factory in China to Europe and Asia- thanks for that elon - i thought China factory was built to supply Chinese demand- no one cares - anyhoooooo rebounded back to a 958 TMM PE - cool.

So wild week, VIX after spiking on tech sell down being crushed again.

FEd balance sheet contracts slightly overall again.

Interesting majors still going to cash, see graph and FEd is selling like a demon-( treasuries), really big sale in the last week reported - 70 Bln - this put upward pressure on rates but institutions happy to take it on and continue to move into cash.

This move, profit taking I guess began 28 July and its clearly still going

Big spike in cash in circulation on week

So the balance sheeeeeeet, slight contraction overall - tightening conditions



"going to cash" - institutions taking up the big dump of treasuries being sold by FEd, that causes problems for equities - maybe the big guys are happy to build cash after stella run up.  Money supply moves quite rapidly week on week compared to previous.



Gold looks to be consolidating - had some high speed tests of 1900 again following some wild FX moves, moves that would have seen investors worried now "new normal".

Brexit, remember that rubbish?, years of debates, negotiations, luxury summits, press conferences, elections and a final deal to sort out following historic BOJO agreement - yeah well BOJO rewriting agreement just signed, EU doesn't appear to have solved a single thing - but a few years of media and press conferences and wild moves in markets on each major headline - this time NADA - market does not care.

BOE moving closer to neg rates policy with major brexit move coming,

NZ talking up neg policy as its data is slack.

Indo moves back to major restrictions - cases rise in Europe along with infection rate - but its all good,

APPLE is  coming out with a new 5 G phone!!! which you can use sometime in the future when all the countries actually build a big working network, - they just have to decide between themselves if the major player, Hauwei will supply the network equipment.  But none of that matters, you can soon rush out and spent or purchase on this new thing called credit a 2000- 2500 phone real soon

Microsoft moves into the never seen before credit space, (credit you heard of it?) offering 24 to 36 months interest free on Xboxes, Amex moves into payment plans and Comm bank moves into this amazing new world or providing credit with payment plans/ credit cards - ------who knows maybe Harvey Norman will invent 12 or 60 month interest free?... anyhooo I digress....

In OZ politics ruled -

QLD stopped some young girl visiting her dying father, then denied here his funeral only to then cave and take her together a police and army escort (great use of taxpayers money) in a hazmat suit to view her fathers dead body through glass - but footballers , managers and movie stars, no worries, no suits, as you were, come on in -you bring money to the state......  nutjobs!

And in Melbourne/ Vic it turns out the radical curfew was put in place on police advice not health advice.......to make their job easier - ohhhh - good one -
(fair enough  -  it does take a six foot plus police officer over 7 minutes down there to restrain a small 20 something girl and his officer not even actively involved was hunched over and clearly puffing, so  curfew probably justified.)

NSW, Sydney didn't want to be left out of headlines - so they spent the week arguing about koalas because that is important right now as some report said koalas were on verge of extinction by 2050 - so they spent the week bringing that issue to a head and created no jobs - that was they priority.

Anyhoooooooo- see how it goes next week after NASDAQ does the opposite of the main boards to finish red.

Good luck