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Raoul Pal @RaoulGMI
, 8 tweets, 2 min read Read on Twitter
A LOT going on in FX world... $JPY looks like it might be the next show to drop and no one has a position. The RMB move is a catalyst. 1/
This is the longer term chart, which I think will become crucial over the next few years. 2/
Japan can not allow for the Yen to be uncompetitive while the rest of the Asian currencies get smoked... there is a HUGE top forming in the ADXY. 3/
And the Euro chart looks simply awful and a re-run of the 1990's. 4/
This is knocking on to Emerging Market Bonds $EMB which has a GMI crash pattern formation.... 5/
And also to Junk Bonds, which have broken key supports... $JNK 6/
Which adds to my fears about the effects on EU banks too...7/
Its a very macro world out there. I have been writing about all of this for sometime in Global Macro Investor and Macro Insiders - something feels very "wrong". 8/
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As @Sunchartist points out daily, almost everyone is missing the speed that the Indian Rupee is declining... its in free fall, down almost 18% this year... so far.1/
The Indonesia Rupiah is nearly as bad -15% this year...2/
The Chilean Peso is also suffering badly... -19% at its worst, before the pullback 3/
Read 6 tweets
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Europe is on the move... Italian spreads are breaking out... 1/
Spanish spreads have broken their wedge...2/
Portuguese spreads are also widening...3/
Read 7 tweets
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$FB - I think this is likely to lead the market darlings lower. Someone has to crack first, and it appears it's going to be FB. When Google goes, its all over.

Here is the Log chart of FB - Gone.
Here is the daily $FB chart - on key support
Here is the weekly chart and the 200 week moving average. On average, anyone who bought this stock over the last two years is flat and very likely about to lose money...
Read 4 tweets

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Despite the technical setup that suggests bullishness is possible, there's not a lot on-chain volume to fuel a prolonged up move. What we saw in the last 7 weeks was a spike of on-chain volume driven by volatility, coins moving to exchanges to trade.
The initial volume spike false signalled a faster detox and an earlier end to the bear market, but in fact it was a volatility side effect. That move from $6k to $3k created immense trade volume, but it was in no way a signal that accumulation volume had begun.
That volume has since subsided. Leaving the NVT chart on the high side of its oscillation around the main move downwards. The key thing here, in my interpretation, is it's on the high side of its band, so I think an up move is limited, bears will win the longer term trade.
Read 3 tweets
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Here @stuarthalloway very succinctly cosigned and distilled @timbaldridge's account of what to expect when contributing to Clojure. If only both had been available long ago, I would have moved on from Clojure as my primary tool years earlier. gist.github.com/halgari/c17f37…
There's a *lot* going on here, and it's easy to get lost in the weeds, so I'll only address one problem: time.
As Stu says, the process is "optimized for Rich's time (not yours)", and you'll have to wait, often for months in between individual interactions/drops of feedback, and sometimes for years in total.
Read 15 tweets
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#Chart #EXTRAVAGANZA

Please read the whole thread - will start posting now...but eating dinner so will take a while to get the 30 to 40 tweets done

/1
Given the two crashes in one year and the recent #FANG blow up...how much cash do you think Mutual Funds are holding? How about the lowest ever!

More over their allocations to Stocks remain among the highest ever.

/2
And how are those stock/equity investments postured?

We’ll very precariously as #NYSE and #Nasdaq #Composite show...completely stopped at major resistance...not only that there is the breadth question which we will address later and is terrible

/3
Read 38 tweets
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[HEC thread link: Part 2]
If reballoting this round, must ensure we know where to target + improve GTVO + how we connect with each other over:
- what the ballot is about
- why voting at all matters so much
- why we recommend voting yes
It will take a lot of work, which we can do -but need v good Plan /25
I think we *could* do it, but I would feel a lot more comfortable if hearing more about a burning desire to do it right now from across the membership (may happen at HESC) whereas trend in my DMs/email is about strategising + regrouping longer term. I don't think HEC allowed> /26
Read 8 tweets
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001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
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There is a lot going on in space these days! Here is an update on the current status of modern missions, and some of the most innovative and interesting projects on the planner, plus some longer term projects for the near and distant future.
Also included are many of the companies that make space exploration and travel possible.
NASA’s current missions:

NASA currently has 39 different active missions. Some are decades old, like the Voyager I mission that launched September 5th, 1977 and is now in interstellar space (made famous, or more famous, by "Star Trek: The Motion Picture").
Read 65 tweets

Trending hashtags

#licence #Cullinan #superunpumped #HouseOfCommons #FLYJOHNNYFLY #license #BeepBeep #million #MOAB #trader #MerryXmas #YourLittleSecret #Composite #ItsAllSubjective #MFN #EM #equity #footwear #FX #engine #think #territories #lineup #songs #example

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