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Jysin

Jysin

Ahn'Qiraj Raider
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$SI "oopsie"

Bloomberg - Are you a robot?

www.bloomberg.com


For months, US authorities have been racing to sever ties between banks and risky crypto ventures, worried the financial system could someday suffer serious losses. They may have been too late.

In the starkest warning yet by a US bank catering to the sector, Silvergate Capital Corp. said Wednesday it needs more time to assess the extent of damage to its finances stemming from last year’s crypto rout — including whether it can remain viable. The shares plunged about 30% in premarket trading on Thursday.

The firm, which already reported a $1 billion loss for the fourth quarter, said that figure could climb higher. The company is still tallying the cost of rapidly selling assets to repay advances from the Federal Home Loan Bank System. It may also need to mark down the value of some remaining holdings.

Such an admission by a lender with federally insured deposits and more than $11 billion in assets will add to a debate among US lawmakers and regulators over whether banks can manage the risks associated with digital assets.

(Down 45% here in premarket)
 
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Jysin

Jysin

Ahn'Qiraj Raider
6,545
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SI
Short Float / Ratio​
76.28%​

So tempting to do the degenerate WSB play of buying some lotto calls off intraday lows, should they miraculously present their delayed 10K to show they are somehow still solvent. The squeeze could be magical.

*NOT AT ALL advice!*
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
$SI "oopsie"

Bloomberg - Are you a robot?

www.bloomberg.com


For months, US authorities have been racing to sever ties between banks and risky crypto ventures, worried the financial system could someday suffer serious losses. They may have been too late.

In the starkest warning yet by a US bank catering to the sector, Silvergate Capital Corp. said Wednesday it needs more time to assess the extent of damage to its finances stemming from last year’s crypto rout — including whether it can remain viable. The shares plunged about 30% in premarket trading on Thursday.

The firm, which already reported a $1 billion loss for the fourth quarter, said that figure could climb higher. The company is still tallying the cost of rapidly selling assets to repay advances from the Federal Home Loan Bank System. It may also need to mark down the value of some remaining holdings.

Such an admission by a lender with federally insured deposits and more than $11 billion in assets will add to a debate among US lawmakers and regulators over whether banks can manage the risks associated with digital assets.

(Down 45% here in premarket)
Click to expand...
So a company used Federally insured deposits to bet on crypto. Remind me again why repealing Glass-Steagall was a good idea?
 
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Jysin

Jysin

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*(US) Q4 FINAL NONFARM PRODUCTIVITY: 1.7% V 2.5%E; UNIT LABOR COSTS: 3.2% V 1.6%E

Expensive labor and low productivity = No bueno!
 
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Sanrith Descartes

Sanrith Descartes

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MP getting crushed along with other rare earths companies after TSLA announced their new magnetic motor wont require rare earth metals in it.

 
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Jysin

Jysin

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Added some 400shrs of SPY today 392.50

With a healthy pullback of the last weeks, the 100D, 200D, and market high descending macro trend line all basically within a few points of each other. It is worth it with some support levels so close in range.

Also bought some May $100 GOOGL calls.
 
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Jysin

Jysin

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13:35 (US) Fed's Bostic (non-voter): Fed could be in position to pause by mid-to-late summer
- Favors rating rates 25bps in March but is watching data
- Fed may have to do more given high inflation, strong jobs market; Will not decide until meeting on proper policy path
- Notes that higher rate endpoint could be needed if economy shows more strength
- Slow and steady changes in policy should reduce risk of a 'hard' outcome
- Businesses say they are expecting to ratchet down the pace of wage increases, but still plan to add workers
- Appropriate to be cautious so Fed does enough to control inflation but does not do 'more than we need to'
- Business executives say demand is strong, concerns are more macro-related than specific to their firm
- Considers risks now roughly balanced
- Debate underway about how much influence monetary policy is having in the current economy
- Firmly in the quarter-point camp for pace of rate hikes; Policy should begin to bite through the Spring
- Have seen 'some attenuation' of inflation but Fed needs to remain resolute in fighting inflation
- Will need to have some kid of slowdown in labor market but not catastrophic
- Will adjust outlook if data comes in stronger
- Still a long way to go to restore price stability
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
13:35 (US) Fed's Bostic (non-voter): Fed could be in position to pause by mid-to-late summer
- Favors rating rates 25bps in March but is watching data
- Fed may have to do more given high inflation, strong jobs market; Will not decide until meeting on proper policy path
- Notes that higher rate endpoint could be needed if economy shows more strength
- Slow and steady changes in policy should reduce risk of a 'hard' outcome
- Businesses say they are expecting to ratchet down the pace of wage increases, but still plan to add workers
- Appropriate to be cautious so Fed does enough to control inflation but does not do 'more than we need to'
- Business executives say demand is strong, concerns are more macro-related than specific to their firm
- Considers risks now roughly balanced
- Debate underway about how much influence monetary policy is having in the current economy
- Firmly in the quarter-point camp for pace of rate hikes; Policy should begin to bite through the Spring
- Have seen 'some attenuation' of inflation but Fed needs to remain resolute in fighting inflation
- Will need to have some kid of slowdown in labor market but not catastrophic
- Will adjust outlook if data comes in stronger
- Still a long way to go to restore price stability
Click to expand...
Game Show Dance GIF by Beat Shazam
 
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Jysin

Jysin

Ahn'Qiraj Raider
6,545
4,552
Jysin said:
Added some 400shrs of SPY today 392.50

With a healthy pullback of the last weeks, the 100D, 200D, and market high descending macro trend line all basically within a few points of each other. It is worth it with some support levels so close in range.

Also bought some May $100 GOOGL calls.
Click to expand...
Well damn Bostic, you made my week.
 
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Zzen

Zzen

Potato del Grande
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Jesus Bostic, what a fucking retarded comment lol.

Bond market not blinking. Congrats degen 0DTE call buyers though 👍
 
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