All this matures this friday.
Tin foil hat time - swiss banks own a LOT of us equities.
so they took a loan and bought tons of bonds.
This causes dxy to weaken yields go down, stonks go up, giving swiss a chance to dump equities.
then they repay that loan on friday.
further evidence - notice how the usdcnh lines riiiite up with the 30y....

buying bonds will weaken usd, moon stonks.
now swiss own bonds.

next they unload the dogshit (tech stonks) all day to anyone who will buy them.

How did swiss know earnings would be bad??
Still buying bonds in the after hour?
@SantiagoAuFund this is how the dxy member states have mitigated the dollar from hitting the stratosphere?

Each takes turns buying US treasuries - yesterday was a nice touch since the bond market is somewhat illiquid to handle such a huge demand right at the open?
You wanna see this visually?

Ok -
1) dxy relative to oil kinda tracks & falls below relative price of oil

2) oil tracks close

3) swiss buy 11B in bonds weakening dxy (that the swiss line) - stonks moon. Now relative to oil DXY a LOT weaker than oil.

So now rates++=big oil--
This prob why DXY has stayed relatively calm & in a trading range vs going to 120 (or higher) - these swap games and CB $ games - Swiss one is the one I caught - im sure there have been others more sneaky

Dxy going up or down like tue / swaps are the tell.
The goal is to get dxy (purple) WEAKER relative to oil w/o mooning oil.
They achieved their goal

I imagine they might make it a little more weaker before they begin to hammer the oil market again.

So then, DXY++ (110/109 level) will mean oil-- RELATIVE to new low dxy
And what has all this swapping and crazy stuff done to other currencies lately?

Quite a bit
Red (usdchf - the swiss) tend to trade places with dxy

Rn dxy (purple) very weak, and usdchf very strong

strong dxy = weak stonks
So preparing for a swap or a slow fade today?
q's are ignoring dxy and trying to follow 30y yields
What the swiss did during opening market (1- buy bonds) today they did during the overnight (2)
its why dxy is down this morning.
CHF is continuing to buy bonds this morning
Its causing disruption in currency (4)
which is causing qqq's to rally (3)

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More from @frankoz95967943

Oct 23
pretty interesting what currencies are doing
I think dxy is rising(1) to attack oil (2) Image
And oil doesnt care Image
dont forget - oil production cuts begin in november
and oil = inflation

if oil ++ then inflation ++ and interest rates will have to ++…
Read 12 tweets
Oct 20
Everything is a currency

why do u see those huge overnite moves?

Here is an example - TSLA earnings met but there were some problems so stonk dropped.

But it dropped relative to YESTERDAYS currencies.


DXY is down a bit.

Notice what happened to the stonk relative to currency.
This morning, of course another #SWAP

The euro strengthened(1)
The dxy weakened (2)
I expect a pop in the indexes (3) on the open

its all currencies doing this

But keep an eye on the 30y (blue) its going up. Everything follows the 30y eventually. A swap coming to correct today
Read 8 tweets
Oct 18
#SWAP alert Image
with this swap, it looks like usdeur and usdgbp both weakened. Currency pairs - one side gets weak, other strong - USD will probably get strong. Not good for risk assets. Image
I will also suggest that dxy is funny instrument - member states can cut interest rates and dxy goes up, and member states can raise interest rates and dxy goes down - totally not intuitive.

CB's can play all kinds of games with currencies.

Many times its just a crap shoot Image
Read 9 tweets
Oct 15
I highly recommend reading bidens "chips" rule this weekend.

This seems like a really big deal - US is taking the gloves off against china.

It is a dark omen methinks (but long overdue)
A few highlights - its not just lithgraphic machines - its also "US PERSONS" - aka - if you are a US passport holder and a chip manu expert you cannot work in china without a license.

U cannot sell designs to china without a license Image
Read 6 tweets
Oct 10
The Nobel prize - who the committee members are and where they are from, and how the f the Bernanake got a medal...

so before you cringe in agony, take a moment to recognize the (low)caliber of the select committee...

Starting with this guy - he oversees a 26 hectare island in joke. He's 38yo. When GFC hit he was 23… Image
He wrote a couple books, none of which ended up on any best seller list, none of them appear to have been translated to english. ImageImage
Read 10 tweets
Oct 7
Homicidal Suicide

The weird paradox of these mass shooters.

Hopelessness breeds hopelessness, which breeds cynycism. The next branch i think is either self harm or an angry attack on the society itself - a rejection of society that caused the suffering.
Read 24 tweets

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