World economy talk

[uls]

QQQ --- the ETF that tracks the NASDAQ 100 index

not looking good

[uls]

not yet official but this is what ownership of Tiktok Global will look like:

Oracle 12.5%

Walmart 7.5%

ByteDance 80%

[uls]

Oracle will act as a gatekeeper




why would China allow that?

i would think China will prefer tiktok be totally shutdown in the US than bow to western pressure

[kagalingan]

galing ng mga chinaman.

zoom, tiktok and hengde

[Monseratto]

Oracle will act as a gatekeeper




why would China allow that?

i would think China will prefer tiktok be totally shutdown in the US than bow to western pressure

They still retain ownership and there's no strategic important data to gather from a bunch of kids anyway.

[uls]

Sept 18

QQQ --- the ETF that tracks the NASDAQ 100 index

not looking good

i may spend more time in the corona thread but i still watch this...

yep... QQQ

[uls]

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this woman articulated what i've been noticing in the market that's why i haven't posted much here coz there's nothing to post

correlations i've been used to don't work anymore

[Walter]

Robinhood traders and the Fed's QE ... oh, and POTUS ...

[Monseratto]

China...

[Monseratto]

Jeff Bezos name was only added to the list in 2015...

[Monseratto]

String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them



- WSJ

[Monseratto]

China drops U.S. Treasurys; impact on U.S. deficit and coronavirus stimulus

The most likely sources of purchases are probably a number of countries in Asia with “sizeable” foreign exchange reserves and “are known for intervening in the market,” said Schroders’ Mee.

He flagged the reserves of countries such as Taiwan and Singapore, which have increased “noticeably” since March.

“Perhaps ironically, further dollar weakness could spur (emerging markets) central banks to increase their Treasury holdings, as (emerging markets) central bank(s) often intervene by purchasing dollars to prevent their currencies from appreciating too much,” he said.

A lot of emerging market countries are exporting economies. Their exports will no longer be as attractive if their currencies become too strong. By buying up U.S. dollars, they boost its demand, strengthening the greenback and comparatively weakening the emerging currencies.

The Fed would also likely have to step in to purchase Treasurys on a much larger scale when China holds back its purchases, said Deutsche Bank’s Ruskin.

[uls]

another broken correlation: US 10Y Treasury yield fell but equities rose

usually when there's fear stocks are sold and Treasuries are bought (price goes up, yields go down) --> flight to safety

but this time stocks rose (look at QQQ up 5.4%) and 10Y yield fell

that's not flight to safety

[uls]

with Biden win you'd think the market will be positioned for massive gov't spending

more US debt = investors will demand higher interest rate = higher yield

but yield fell so that means the market sees spending bills getting blocked

[uls]

vaccine euphoria has faded

[StockEngine]

fock WUHAN

World's largest free trade agreement signed in coup for China - Manila Standard

[uls]

if the US wants to go isolationist and protectionist then fine

other countries will do business among themselves

[StockEngine]