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Demand Hell? Apple Slashes iPhone Prices In China Ahead Of Major Online Shopping Event

JD.com is marking iPhones down as much as 21%.

- Hmmmm.

zerohedge.com/technology/dem…
-Futures up due to "riot optimism". what else?🧐

Shorts Looted As Global Markets Hit 3-Month High After Nationwide Riots Turn Deadly

"Even with these rising protests in the US & the situation in Hong Kong at the moment, the market is pushing on and seeing room for optimism"- ZH
"Nothing Matters Because The Fed Will Buy What I Want To Buy": El-Erian Slams The "Mindset" Of The Fake Market

-I am not alone. good company 🧐
-Gravity still works 💯
-the higher they rise, the harder they fall 🦃🦃🦃

zerohedge.com/markets/nothin…
$BOJ has been on a mission.

$JPY plunging again last night.

??Japan PM Abe wants the 2020 Olympics to open soon??🤔
June 2nd: MTF FX currency relative strength meter:

$JPY 🤫
Hedge Fund CIO: "Stocks Are Going Parabolic For All The Wrong Reasons: The Fed Made A Massive Mistake"

"The coming top is going to be it. We won’t see it again for decades"

-what mistake?
-mission accomplished per POTUS request🤫
-Save every -10 pts dip

zerohedge.com/markets/hedge-…
Banks Brace For Default Wave: Wells Fargo Stops Making Loans To Independent Car Dealers

The bank sent letters to hundreds of independent auto dealerships last month telling them that the SF-based company was dropping them as a customer

Super Bullish🤔🤦‍♂️

zerohedge.com/economics/bank…
🤦‍♂️More bullish news for🦃

Tiffany Plunges On Report LVMH Takeover "Uncertain"

Members of the board of LVMH Hennessy Louis Vuitton called a meeting in Paris Tuesday night specifically to discuss the matter amid a deteriorating situation in the US market, Tiffany’s largest

- ZH
S&P Futures Surge 10 Points In One Tick On $3.2BN Market On Close Buy Imbalance

What liquidity?

- Hmmm. desperate.🤫
- Pump and dump?
- Turkey day is near.. around the corner..🧐😷

zerohedge.com/markets/sp-fut…
Alert: Reason for the Pump

Unprecedented Surge In New CMBS Delinquencies Heralds Commercial Real Estate Disaster

We thought April data was bad. But May is downright catastrophic.

zerohedge.com/markets/unprec…
April Factory Orders Crash By The Most In American History
Ex-Transports, orders fell 8.5% MoM - a record drop

-Last 3 times, when all bad news ignored, turning into good news: 🦃

-Jan 2018
-Sep 2018
-Jan/Feb 2020

- I report, you decide. Fair?🧐

zerohedge.com/markets/april-…
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Kerberos007
@kerberos007
ZH - Beijing Retaliates: Trade Deal On Verge Of Collapse As China Halts Some US Farm Imports

Watch YUAN.. USDCNH on this news.

But $BOJ being busy all night.. 🤔
super bullish for US Stonks. 🤦‍♂️

fake market... unreal.
Watch $VIX and $VX futures..

Not buying it.. fake green

Both up on this fake ramp in this fake market., and fake QE4ever & fake zombie economy..

everything FAKE.. 🤫🧐
Market Suddenly Soars As Schwab & Robinhood Suffer Outages

...just a coincidence..

- What market? fake penny stonk market? 🦃 okay.

zerohedge.com/markets/market…
Read 6 tweets
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Kerberos007
@kerberos007
What is SKEW?
The CBOE Skew Index- indicator measures perceived tail risk of the distribution of SPX log returns at a 30-day horizon

Tail risk is the risk associated with an increase in the probability of outlier returns, 2 or more std below the mean. market crash or black swan?
The value of SKEW increases with the tail risk of $SPX returns.

When there is no left tail risk, SKEW is equal to 100

Historically, SKEW has varied in a range of 100 to 150 around an average value of 115
SKEW & VIX are different & complementary measures of the risk of 30d SPX returns

VIX is a close proxy for the std of those returns. The
std describes the avg spread around its mean

SKEW describes the tail risk of the distribution. The daily
values of SKEW & VIX are uncorrelated
Read 8 tweets
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Kerberos007
@kerberos007
I've received many questions about the dealer GEX

I don't like to post this chart for a reason

There are too many assumptions in the calculation

There is no way from Options daily volume/OI, we would know the dealer's long or short positions

So this is for educational only🧐
From above, just over $2 bn of dealer GEX per 1 point SPX move when GEX >0

In other words, dealer would need to sell $20 bn stonks Mon morning if SPX gaps up 10 points for hedging their options exp

That's a huge headwinds for the Robinhood'er🦃

Hence all gaps will be closed🙃
From the above chart:

When GEX > 0
Dealer acting as a mean-reversion force:
They need to sell stocks for hedging, when SPX up
They need to buy stocks foe hedging, when SPX down

Hence when GEX>0, expecting slow market with low volatility (melt-up slowly and BTFD'er are happy)
Read 10 tweets

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