iftttwall

Treasuries rallied 4-6bps on the day (with the POMO-driven belly outperforming). The USD dumped back its knee-jerk gains on Europeans trying desparately to talk down the EUR early on. High yield credit banged higher into the close. VIX was man-handled back under 12.5% (despite being bid early). Oh – and every US equity market malted up in an insane intrday swing which seems to be pinned on the back of expctations Yellen will open her shirt tomorrow showing a big red "S" on it. So while every flow-driven market banged higher in a mad scramble of un-tapery goodnesss, gold went sideways and silver was monkey-hammered (-4.5% on the week). The last 3 days have seen "most shorted" names double the market's performance. Nasdaq's swing from low to high is the largest positive intraday move for the index in 5 months!

 

Squeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeze…

 

ok – you had your fun…

 

The S&P just did not stop…opening at the lows of the day and closing at the highs… (NASDAQ cash saw 66 point swing)

 

Off the Debt-ceiling lows – it's actually just kinda funny…

 

With today looking like nothing but a huge capitulation jerk…

 

Treasuries rallied too…

 

And the USD dumped…after Europeans tried their best to jawbone it higher…

 

But silver was slammed and gold flatlined…

 

 

Charts: Bloomberg

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TejCn3KbPPo/story01.htm Tyler Durden

At first it was the cars, now it is Tesla's Fremont, California plant that has caught fire… according to local newsfire trucks and an ambulance are on scene…

 

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/4gV_PHK3zNI/story01.htm Tyler Durden

Despite rewriting history as usual, proclaiming that the administration 'knew' early numbers would be low (not true since they estimated 500,000 and are rumored to only have ~50,000), and changing the definition of what an enrollee is, and managing our expectations via Carney's press conference, we are intrigued to see what the "huge demand" Kathleen Sebelius expected for Obamacare has actually resulted in… Perhaps she needs to call the helpline! Remember, as Peter Schiff noted, the website can be fixed, but Obamacare can't (unless, of course, more keg-standers and sluts sign up).

• *OBAMACARE ENROLLS 106,185 IN PRIVATE HEALTH PLANS IN OCTOBER
• 26,794 on Federal Exchange
• 79,391 on State Exchanges

Bear in mind that this 106,185 includes those who added the plan sto their carts but did not pay – which has a ~70% cancellation rate across e-commerce platforms.

As TPM notes,

The administration was expecting 500,000 enrollments in October.

 

But as, one supporter of the law noted, "I think there's no number that's too low, the main thing that we're going to learn is that the website isn't working."

 

That internal memo with the 500,000 figure also projected a significant uptick after the first month. The administration was aiming for 3.3 million enrollments by Dec. 31 — meaning about 85 percent were expected to occur during November and December.

Here's what she promised… "the good news is you can get started today…"

 

The Centers for Medicare and Medicaid Services will release a report on the numbers at 3:30 p.m., and Health and Human Services Secretary Kathleen Sebelius will discuss the findings on a press call then.

Remember how they crowed of the "interest"…The following inverted pyramid highlights the dismal reality of the Affordable Care Act as of a month ago…

 

We wonder just how much has changed in the last month…

 

 

 

 

rpt_enrollment.pdf

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Me6gvVcrGYk/story01.htm Tyler Durden

Despite rewriting history as usual, proclaiming that the administration 'knew' early numbers would be low (not true since they estimated 500,000 and are rumored to only have ~50,000), and changing the definition of what an enrollee is, and managing our expectations via Carney's press conference, we are intrigued to see what the "huge demand" Kathleen Sebelius expected for Obamacare has actually resulted in… Perhaps she needs to call the helpline! Remember, as Peter Schiff noted, the website can be fixed, but Obamacare can't (unless, of course, more keg-standers and sluts sign up).

• *OBAMACARE ENROLLS 106,185 IN PRIVATE HEALTH PLANS IN OCTOBER
• 26,794 on Federal Exchange
• 79,391 on State Exchanges

Bear in mind that this 106,185 includes those who added the plan sto their carts but did not pay – which has a ~70% cancellation rate across e-commerce platforms.

As TPM notes,

The administration was expecting 500,000 enrollments in October.

 

But as, one supporter of the law noted, "I think there's no number that's too low, the main thing that we're going to learn is that the website isn't working."

 

That internal memo with the 500,000 figure also projected a significant uptick after the first month. The administration was aiming for 3.3 million enrollments by Dec. 31 — meaning about 85 percent were expected to occur during November and December.

Here's what she promised… "the good news is you can get started today…"

 

The Centers for Medicare and Medicaid Services will release a report on the numbers at 3:30 p.m., and Health and Human Services Secretary Kathleen Sebelius will discuss the findings on a press call then.

Remember how they crowed of the "interest"…The following inverted pyramid highlights the dismal reality of the Affordable Care Act as of a month ago…

 

We wonder just how much has changed in the last month…

 

 

 

 

rpt_enrollment.pdf

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Me6gvVcrGYk/story01.htm Tyler Durden

Lately not a day seems to pass without some tragic mass shooting. The latest comes from Pittsburgh, where Channel 11 News reports that three people were shot Wednesday afternoon outside Brashear High School.

More:

According to emergency dispatchers, police were sent to the school on Crane Avenue just before 3 p.m. Wednesday.

 

Channel’s Rick Earle has confirmed that authorities are looking for a shooter in the woods behind the school.

 

At this time, the extent of the victims’ injuries is unknown

 

 

Live webcast:

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Y-mNc1mylJs/story01.htm Tyler Durden

The following statement and chart from the RBS’ Drew Brick pretty much explains it all: “QE has seen the Fed extend its dominion on the US curve away from the short-end and into longer duration paper is patent, too. On a rolling six-month average, in fact, the Fed is now responsible for monetizing a record 70% of all net supply measured in 10y equivalents. This represents a reliance on the Fed that is greater than ever before in history!“

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/anqZEkPB3I0/story01.htm Tyler Durden

The following statement and chart from the RBS’ Drew Brick pretty much explains it all: “QE has seen the Fed extend its dominion on the US curve away from the short-end and into longer duration paper is patent, too. On a rolling six-month average, in fact, the Fed is now responsible for monetizing a record 70% of all net supply measured in 10y equivalents. This represents a reliance on the Fed that is greater than ever before in history!“

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/anqZEkPB3I0/story01.htm Tyler Durden