06/19/2019 Live Update

[te_fern]

Pushing on the bottom of the range...

[Al_Dente]

McElligott: 40% probability of a CUT today.
...should the Russell shoot up, it will likely force a short squeeze upon the CTA universe (1553 trigger level on RUT)

[Trades with cats]

Got a kick out of Charlie saying blackout starts next week. As so many want you to think it isn't true. Well they are right, auto pilot buybacks will continue. Bottom line anything that slows the only significant flow of cash into the market is important.

[Daniel]

RATE ODDS, today
(This was 20/80 on Monday)

..back to 20/80 according to Bloomberg News, couple minutes ago.

[Trades with cats]

FOMC cheat sheet:
- Dropping "Patient" is baseline. If Fed keeps this, statement is much more hawkish than expected
- Adding "closely monitoring global developments" is modestly dovish
- If Fed adds "material downside risk to outlook" July cut is in the bag

10:51 AM - 19 Jun 2019
zerohedge on twitter

[Al_Dente]

WAKEY WAKEY

[Cobra]

show time in 1 min.

[te_fern]

Ready! Sitting on my hands!!

[Al_Dente]

No change
Dropped the word “patient”

[Daniel]

No change
Dropped the word “patient”

Incomprehensible. That grown men and women should care about such things. Non-binding wording...

[Trades with cats]

Even the algos are bored.

[te_fern]

didn't even make it to yesterday's high....

[Trades with cats]

presser in 15, then we will see.

[te_fern]

Bulls are now working harder to get there.....

[Daniel]

didn't even make it to yesterday's high....

Reached it... and so far, price rejected there.

[Al_Dente]

BULLARD DISSENTS, WANTS A 25BPS RATE CUT TODAY

[Daniel]

Not only did IWM not come close to yest's high, it's currently struggling to stay green.

[Al_Dente]

..............They are however still buying some puts

they are buying calls now.....

[Trades with cats]

get your popcorn!
https://www.federalreserve.gov/newsevents.htm

[Al_Dente]

get your popcorn!
https://www.federalreserve.gov/newsevents.htm

thanks boss