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ILLINI (“IL eye nye”) Profile picture
ILLINI (“IL eye nye”)
@IlliniProgrammr
Retired/Self-employed Equity Systematic QR. Not financial advice. UIUC Alumnus, no other relation to university.
David Profile picture david Christoph Profile picture 2 subscribed
Oct 8, 2023 • 5 tweets • 2 min read
1/ COT data out through Tuesday, October 3rd.

Unfortunately it's not telling us a whole lot just yet. Image 2/ HFI's projection for oil inventories.

Apr 27, 2023 • 7 tweets • 4 min read
@mfwarder @tradedollarnut Bruce is also, again, counting the converts without counting the repurchase of “dilutive securities” referenced in the PR.

He will argue the LoC terms prevent this, except the LoC has not been drawn and was last amended 2 months ago (easy change by JPM). @mfwarder @tradedollarnut BTU: “We want to buy back our converts”

JPM: “LOC says you can’t.”

BTU:“Would you prefer we bought back stock instead??! That’s legal.”

JPM:”Okay, let OUR DESK buy them back, pay us a bigger commish and we’ll amend.”

BTU: “Bwahaha, make that 40mm shares, Bruce!”
Mar 11, 2023 • 16 tweets • 4 min read
Hi everyone. As a former Lehman Corporate Bonds developer, I guess it's time for me to share my thoughts on banking distress.

First, what everyone needs to remember is that $SIVB isn't $LEH. Crucially, the balance sheet is 1/4 the size (nominal, not GDP or CPI adjusted). 1/n One of the themes we're seeing this weekend was the prospect of a merger-bailout.

That speculation was also a theme back on Friday and Saturday 9/12-13/2008. Barclays was interested, but they wanted Fed support. They didn't get it.

cnbc.com/2008/09/14/str…
Feb 1, 2023 • 5 tweets • 5 min read
Okay, so WTF happened with $CL today?

Here's a thread with my best guess, although there's probably something huge I'm also overlooking.

1/x
#OOTT #COM h/t
@Josh_Young_1 @Josh_Young_1 There was a lot of news coming out today, first with inventories reported by the EIA at 10:30 ET.

Oil showed a build in key inventories like raw crude, diesel, and gasoline at 10:30. The market handled that well-- it was roughly inline with other numbers last night (API).

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