/qrb/ - QResearch Bunker

>>139707

Moroccan AF FRV0915 G5 done at Thessaloniki, Greece and now ws after just less than 1 hour on ground

>>139683

>>139685

#945

>>139691 TEFLON17USAF KC-46A Pegasus tanker over the Potato/Potata 'at Delaware' position and some tanker 'talk'-VV100 US Navy brass G5 west from JBA

>>139692 SAM381 USAF C-40B NE from JBA State Dept AC heading across the pond

>>139694, >>139697, >>139698, >>139701, >>139707 PF:Europe-Med.-Gulf Activity-Lotsa Sovereign flights up right now-Algerians to Dhabi, Czechs to Qatar, Hungarians to Riga, Greeks to Luxembourg, Germans in/outta Rome in less than 60 minutes, Moroccans to Thessaloniki Greece, SPAR10 to Ankara

>>139695 Eni Wins Stake in $29 Billion Qatari Project as Gas Prices Surge

>>139696 3rd Look at Local Housing Markets in May; Inventory Up, Sales Down, New Listings Picking Up

>>139699 GORDO14 USAF E-4B Nightwatch departed Wright-Patterson AFB-back to Lincoln

>>139700 Real FLOTUS "Wishing all the dads and father figures a #HappyFathersDay!"

>>139702 Yellen Says Elevated US Inflation Locked In for the Rest of 2022..."but that strong personal finances will stave off a recession"....:I

>>139714 @ARMY "What is the warrior ethos."

>>139715 @Marines "Up in the smoke."

>>139716 @Navy "Service."

>>139717 @Airforce "Bringing home our heroes."

>>139723 Moroccan AF FRV0915 G5 done at Thessaloniki, Greece and now ws after just less than 1 hour on ground

C101 US Coast Guard G5 SW from Reagan National @ over 41k ft

5 USAF C-130 Super Hercules X,2 of XXX, XXXX and 085693 west from Charleston Int'l

"Nasty Squeeze" On Deck: Last Week's Shorting By Hedge Funds Was "The Second Largest Ever"

Last week, when we observed that Monday (the day the S&P finally tumbled into a bear market) saw the the fifth largest 'sell program' in history..... which was promptly surpassed by even more furious selling on Thursday when the TICK hit -2,057, the 4th biggest selling program on record.... we quoted Goldman's Prime Brokerage according to which hedge funds - the so-called "smart money" at least until Melvin Capital showed everyone just how dumb said money really was - not only sold US stocks for a seventh straight day Monday but the dollar amount of selling over the last two sessions (Friday and Monday) exploded to levels never before seen by Goldman, which is remarkable because the bank's records go back to April 2008 which means they capture the chaos from the Global Financial Crisis. In other words, we just saw a more frenzied liquidation than what took place in the immediate aftermath of Lehman! The data also prompted us to question how much of this was actual normal selling (i.e., closing out existing positions) vs short selling (betting on more downside).

We now have the answer: according to Friday's post-mortem note by Goldman trader John Flood "in notional terms, this week’s shorting activity on our PB book was the second largest ever on our record (second only to the week ending June 12, 2008)." And then you had the NYFRB start with the Reverse Repos in September -a few months later-however the BIG difference is they are much bigger now and are targeted at the Yen-and add in those dollar rolls that started this last week and it's setting up for the BOJ to raise rates-and if a recent poll is to be believed (it will be attached to this article) the Japanese public is starting to get hip to this not being a long-term solution even though it's been going on for over 12 years now).

Here are some more details on recent hedge fund performance from Goldman's Prime Brokerage courtesy of Flood: The Goldman Sachs Equity Fundamental L/S Performance Estimate fell -4.61% between 6/10 and 6/16 (vs MSCI World TR -8.47%), the worst weekly returns since Jan ‘21, driven by beta of -3.99% (from market exposure and market sensitivity combined) and to a lesser extent alpha of -0.62%. L/S Equity HFs now down 19.02% on the year. Fundamental L/S Gross leverage -3.6 pts to 166.1% (3rd percentile one-year) and Net leverage -3.6 pts – the largest week/week decrease since early January – to 46% (lowest since Oct ‘19).

But here is the punchline: "In $ terms, this week’s shorting activity was the second largest ever on our record (behind week ending 6/12/08). Single Stocks/Macro Products were both shorted and made up 83%/17% of the $ short sales." For perspective, 9 of the 10 largest stock shorting weeks in Goldman's record occurred in 2008 (weeks ending 6/12, 5/8, 6/5), 2020 (weeks ending 4/5, 3/5, 3/12), and 2022 YTD (weeks ending 6/16,1/6, 6/9); the week ending 2/25/21 was the other one.

And predictably, following such massive shorting episodes, what follows traditionally has been a major squeeze: as Goldman's table below shows, returns following 20% S&P 500 declines have typically been positive. And while a squeeze now appears inevitable, the market will need much more than just technicals and positioning to recover, as the following chart shows: the current bear-market selloff has been the most violent and vicious ever! As Flood concludes, "while it certainly feels like we are primed for a nasty squeeze early next week.... I think play book remains to sell the low quality bear mkt squeezes whenever they appear.....and I think we will see more than our fair share of them."

https://www.zerohedge.com/markets/nasty-squeeze-deck-last-weeks-shorting-hedge-funds-was-second-largest-ever

This is exactly what I mentioned just prior to the CPI release with Jerry and Janet's "set-up"-was just a little early on it

>>138263 Mkt Fag: SSDD "US Stocks Pare Drop" early wut a surprise!.../s but then LaGarde throws some cold water on it via the Rate Hike "signal"and intra-day "flake" issue(s) (H&S) Bear Trap-edition

They need the "fuel" from the 'short-bus' covering to send it up and they probably allowed the Swiss to liquidate which is what the last week was most likely about and added to it (short positions from when that observation about the bear-trap was made) LARGE over the last week.

When you are dealing with big amounts..the last % points of a rally doesn't matter on that scale-especially if you are booking in the high double-digit amounts-in some cases triple-(%-wise) in gains..they just want out.

You can also take the contrarian look at this and the just setting it up to drop again...what I do know is that they have a new "fresh" set of short-bus riders over the last 10 days and (((they)))would really like to yank those out.

>>139613 lb

Two Chinese government ships leave Japanese waters around Senkakus

Two China Coast Guard ships left Japanese territorial waters around the Senkaku Islands on Sunday morning after intruding into the area the previous day. The two Haijing ships crossed into the Japanese waters on Saturday afternoon, according to the Japan Coast Guard’s 11th regional headquarters in the Okinawa capital of Naha. The Chinese vessels left the Japanese waters around 11:25 a.m. Sunday after repeatedly moving into and out of the areas in line with the movements of a Japanese fishing boat, officials of the regional coast guard headquarters said.

The Japanese-administered islands in the East China Sea are claimed by China, which calls them Diaoyu.

https://www.japantimes.co.jp/news/2022/06/19/national/chinese-ships-senkakus/

Pretty certain it will be this area that sets off the China/Taiwan thing and not a full frontal invasion by the Chinese as that would be too obvious-it will be a Japanese Navy/Coast Guard Captain that goes a little "too far" (in the eyes of the Chinese) and triggers this mess and since we have a security pact with the Japanese (and the Chinese are all too well aware of this) that means we have to get involved-but that all depends on how an 'attack' is defined as well. If a clear provocation by the Japanese is shown they may/might be able to use that to say "hey YOU did that so you were not attacked as defined by article blah, blah, blah of this agreement"-but once the genie is let out it's hard to put back and they probably thought that with the Gulf of Tonkin too (and why the PTB pulled that stunt in THAT way-since it was all about having control of the oil in the area when we "won") during the Vietnam build-up too..let's hope cool heads prevail here and it appears that they are so far as it's a 'two steps forward and one to two back' with this for a long time. The almost every other day incursion of China into Taiwan's exclusionary zone via Air is another matter and that seems it's a dick measuring exercise to show the world "we could do this right now"

This is not accounting for the long history of Taiwan/Formosa and where the real power sits-merely addressing the military 'push-pull' as I do not think an overtly hostile act is going to occur but you could have a few skirmishes that heighten the tension that is for sure.

>>139733

Article for support to comment made in linky

>-and if a recent poll is to be believed (it will be attached to this article) the Japanese public is starting to get hip to this not being a long-term solution even though it's been going on for over 12 years now).

46% in Japan want BOJ to halt ultraloose policy: Nikkei poll

PM Kishida's approval rating falls sharply as inflation bites households. Nearly a majority of the Japanese public thinks the Bank of Japan should cease its ultraloose monetary policy, Nikkei has learned in its latest survey, as 46% wish for the policy to end while 36% favor the BOJ maintaining its approach.

The central bank decided Friday to continue pushing its ultraloose policy after a two-day meeting of policy board members. The BOJ's long-held stance is intended to support the economy, but the widening gap between Japan's low interest rates and those in the U.S. and Europe has driven the yen to a 24-year low.

The survey also found that 64% of respondents cannot tolerate Japan's recent inflation, caused by rising commodity prices and the cheaper yen -- which generally makes imported products more expensive. Meanwhile, 29% said they can tolerate it, in the weekend poll conducted with TV Tokyo.

Of those who said they could not tolerate the current inflation, 53% wanted the BOJ to halt the ultraloose policy. The approval rating for Prime Minister Fumio Kishida's cabinet sank to 60%, from 66% during the previous survey in May. Yet this rating remains higher than the 59% figure for the cabinet when it debuted in October. But those saying they do not approve climbed to 32%, the highest for Kishida's cabinet.

The proportion of respondents who do not approve of the government's counter-inflation measures rose to 69%, 8 percentage points higher than in the May survey. Only 21% approve of the measures, falling from 28% in May. Ahead of Japan's upper house parliamentary election set for July 10, the ruling Liberal Democratic Party held the highest approval rating among political parties, with 45%. The LDP had 51% approval in May.

The Japan Innovation Party, or Nippon Ishin no Kai, followed with 8%. The center-left Constitutional Democratic Party, the country's main opposition party, came in third with 7%. But 25% of respondents said they support no particular party. The survey was conducted by Nikkei Research from Friday through Sunday, using random-digit dialing to target men and women 18 and older. It drew 912 respondents, for a response rate of 42.9%.

https://asia.nikkei.com/Economy/46-in-Japan-want-BOJ-to-halt-ultraloose-policy-Nikkei-poll

Not the best sample results for a poll with less than 1000 and we all know how polls werk- ask Hillary and her 98% one..kek but this is probably just placed in the news cycle to prepare for it and show a little "proof". Also had a former BOJ Gov pushed out a few weeks ago saying literally the same thing (i.e. the "good cop" role) so a case of this is what we are gonna do so there-whenever they do it it's not gonna be pretty that is for sure.

This article lacks some major context which is provided below, namely what those two (China and Japan) have done since April 2021 plus who had increased holdings-that is provided in the cap and commentary below

China And Japan Cut US Treasury Holdings As Federal Reserve Hikes Rates

A strange narrative of "defeated inflation" is circulating in the mainstream in the wake of the Federal Reserve's recent 75bps interest rate hike, but we've seen this kind of false optimism from the Fed and the media before. Economists calling for a deflationary reaction might be holding their breath for a while as price inflation continues to climb for many months to come. This consequence is reinforced by the decline in foreign investment in US Treasury bonds. Higher interest rates and the promise of increasing yields have not been enough to lure outside investors into treasury markets, with treasuries now facing the worst bond market collapse in half a century. With the yield curve inverting once again, long term bonds are coming under scrutiny and the question now is: How will the US government pay off its exponential debts without ongoing stimulus from the Fed and an ever increasing balance sheet?

More printing means more price inflation, but no printing also means more price inflation. This uncertainty has led China to dump US Treasuries to the lowest level in 12 years, and Japan, once a stalwart pillar of US investment, is cutting their holdings as well. Arguments can be made that this is part of molding currency markets to artificially increase or decrease exchange rates, but regardless of the reason, the decline in US treasuries along with the ongoing decline in the US dollar as the world reserve currency leads to one thing: More inflation.

Overseas dollar holdings are in the tens of trillions. Estimates suggest that around 60% to 75% of all dollars are held in overseas coffers for use in international trade. Failing US bonds indicate a trend towards a decline in dollar usage. The end result would eventually be the reverse flow of dollars back into the US, causing even more inflation than we already have.

The Fed's 75bps rate hike is a drop in the bucket compared to what will be needed to slow the inflationary/stagflationary crisis. Yield curve inversions can be a sign of coming recession, but not necessarily an end to price inflation. Yet, mainstream economists are already predicting deflation back to balance? This seems to be another disinformation campaign much like the "inflation is transitory" narrative of the past two years, which even Janet Yellen now admits was utterly wrong. The reaction of foreign creditors does not suggest an end to inflation; in fact, it indicates the opposite.

https://www.zerohedge.com/markets/china-and-japan-cut-us-treasury-holdings-federal-reserve-hikes-rates

Major Foreign Holders of Treasury Securities

You should notice who is not on this list-and has not been since late 2020'

Since April 2021 China had been dropping it's exposure however you can see increased in July 2021 (from June) then steady with a in August then slight increase in Sept and then added in Oct, and Nov (anticipating a potential result here?.../s) while Japan was pretty 'yo-yo'ey' until Feb 2022 to Mar 2022 where it went from $1.306.3T down to $1.232.4 a drop of $73.9B MoM

The countries that increased holdings of US Treasuries are as follows: Peru, Colombia, Saudi Arabia, Bahamas, Bermuda.

https://home.treasury.gov/data/treasury-international-capital-tic-system-home-page/tic-forms-instructions/securities-b-portfolio-holdings-of-us-and-foreign-securities

>>139735

Yen back over 135 after opening a few hours ago

https://www.marketwatch.com/investing/currency/usdjpy

As a reminder our markets are closed for a holiday tomorrow-they wasted no time adding that to the schedule

Even though we have a holiday I wouldn't be surprised if the lights are on at the NYFRB because they started up those dollar rolls last week-it's an automated thing but since they should be closed-like every other bank-I'd like to see if they sneak it in.

They may do it and then report it later-like they did with the currency swaps last week

>>139692

SAM381 USAF C-40B stopped at Shannon, Ireland for a refuel and SE from that-signal frozen just south of Cairo at 35k ft-it is still heading south even though the icon shows north

General Flynn ️️️

“I never endorsed McCarthy for House Speaker, no, never did it. I only endorsed him for re- election to his seat in Congress.” Wait until you hear the rest of his answer. I draw the conclusion Trump is considering running for house Speaker and leaving his options open. B-I-G news!”

https://www.thegatewaypundit.com/2022/06/wayne-root-latest-exclusive-interview-president-trump-revelations-shocking-response-running-house-speaker-proof-america-communist-attack/

@jimisnotq

·

18m

Our new comic book is amazing. You need this. Please get this. Is It Wet Yet Press is on fire!

shop.isitwetyet.com

they writing fantasy pieces about hairman (newsome) replacing Potato as the Dem "leader" so I see some changes on that end coming soon.

Kneepads is a non-starter so who they got?

https://www.sfgate.com/politics/article/The-Atlantic-dreams-about-Newsom-replacing-Biden-17249234.php

>>139754

SAM381 USAF C-40B on descent for Jeddah, SA just before sunrise from Shannon Ireland refuel stop and JBA depart earlier today-Potato going in July so this likely the start of all the deets being arranged-it is to take place on July15-16 after a visit to Israel first..of course.

this from June 14th

Saudi Arabia Looks Forward to Welcoming President Biden

Upon the invitation of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of the Kingdom of Saudi Arabia, President Joseph R. Biden Jr. of the United States of America will be conducting an official visit to the Kingdom of Saudi Arabia on July 15-16.

https://www.saudiembassy.net/news/saudi-arabia-looks-forward-welcoming-president-biden

Zelenskyy expects Russia attacks to intensify FF attacks with EU summit this week

Ukraine's President Volodymyr Zelenskyy predicts Russia will escalate its attacks this week as European Union leaders consider whether to back Kyiv's bid to join the bloc and Moscow presses its campaign to win control of the country's east. "Obviously, this week we should expect from Russia an intensification of its hostile activities," Zelenskyy said in his Sunday nightly video address. "We are preparing. We are ready." Ukraine applied to join the EU four days after Russian troops poured across its border in February. The EU's executive, the European Commission, on Friday recommended that Ukraine receive candidate status.

https://asia.nikkei.com/Politics/Ukraine-war/Ukraine-war-Free-to-read/Ukraine-latest-Zelenskyy-expects-Russia-attacks-to-intensify-with-EU-summit-this-week

https://twitter.com/EuromaidanPress/status/1538537381866921985

https://twitter.com/AfrinBizim31/status/1538544449499930624

Talkin shit these globalists

>>139766

said from the comfort of a desk

who's we nikka?

>askin' for a fren

>>139683

>>139685

>>139728

#945

>>139691 TEFLON17USAF KC-46A Pegasus tanker over the Potato/Potata 'at Delaware' position and some tanker 'talk'-VV100 US Navy brass G5 west from JBA

>>139692 SAM381 USAF C-40B NE from JBA State Dept AC heading across the pond

>>139694, >>139697, >>139698,>>139701,>>139707 PF:Europe-Med.-Gulf Activity-Lotsa Sovereign flights up right now-Algerians to Dhabi, Czechs to Qatar, Hungarians to Riga, Greeks to Luxembourg, Germans in/outta Rome in less than 60 minutes, Moroccans to Thessaloniki Greece, SPAR10 to Ankara

>>139695 Eni Wins Stake in $29 Billion Qatari Project as Gas Prices Surge

>>139696 3rd Look at Local Housing Markets in May; Inventory Up, Sales Down, New Listings Picking Up

>>139699 GORDO14 USAF E-4B Nightwatch departed Wright-Patterson AFB-back to Lincoln

>>139700 Real FLOTUS "Wishing all the dads and father figures a #HappyFathersDay!"

>>139702 Yellen Says Elevated US Inflation Locked In for the Rest of 2022..."but that strong personal finances will stave off a recession"....:I

>>139714 @ARMY "What is the warrior ethos."

>>139715 @Marines "Up in the smoke."

>>139716 @Navy "Service."

>>139717 @Airforce "Bringing home our heroes."

>>139732 C101 US Coast Guard G5 SW from Reagan National @ over 41k ft & 5 USAF C-130 Super Hercules X,2 of XXX, XXXX and 085693 west from Charleston Int'l

>>139733 "Nasty Squeeze" On Deck: Last Week's Shorting By Hedge Funds Was "The Second Largest Ever" and some info on this set-up from before the CPI release

>>139734 Two Chinese government ships leave Japanese waters around Senkakus

>>139735, >>139752 46% in Japan want BOJ to halt ultraloose policy: Nikkei poll

>>139746 China And Japan Cut US Treasury Holdings As Federal Reserve Hikes Rates + what China/Japan has done since 2021 and who increased holdings MoM Mar-Apr 2022

>>139757, >>139758, >>139759, >>139761 General Flynn:“I never endorsed McCarthy for House Speaker, no, never did it. I only endorsed him for re- election to his seat in Congress.” Wait until you hear the rest of his answer. I draw the conclusion Trump is considering running for house Speaker and leaving his options open. B-I-G news!”

>>139760 @jimisnotq Our new comic book is amazing. You need this. Please get this. Is It Wet Yet Press is on fire!

>>139762, >>139764 They dream of Gavin as Democratic Leader-The Atlantic publishes article fantasizing about Gavin Newsom replacing Joe Biden

>>139763 SAM381 USAF C-40B on descent for Jeddah, SA-"Saudi Arabia Looks Forward to Welcoming Potato on July 15-16"

>>139765 Zelenskyy expects Russia attacks to intensify FF attacks with EU summit this week

>>139766 UK Military Brass talkin' out dhey ass: "We are the generation the must prepare the army to fight in Europe once again.." and Chief of General Staff of UK ordered army to prepare for a full scale war with Russian army in Europe

SAM292 USAF G5 on approach for New York Stewart Airport (West Point Academy's Airport) from JBA depart

imma going

I'll ttyitm