DHUnplugged #620: Squeeze Squashed

Squeeze No More - Meme names come crashing down to earth! Treasury (yields) moving higher again - lots of Central bank chatter Jackson Hole confab this week - what will Powell say? Retail earnings... Hit and miss.... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - The Squeeze gets squashed - Really HOT in China! - E Coli outbreak - watch out - Jackson Hole Annual gathering of eco big-wigs - Gearing up for War? - A sad day for the Auto industry Market Update - Rolling Over - Fed ratchets up "communication strategy" - Everyone watching the Jackson Hole confab - Friday Powell Speaks  (morning) - Treasury (yields) moving higher again - lots of Central bank chatter - - 10Yr Yield 3% again - Retail Earnings Reminder - This week on TDI Podcast - Peter Schiff (Gold, Tuna and Central Banks)   BREAKING NEWS - White House officials expect slower economic growth in 2022 with higher inflation, according to NY Times Now this is interesting - EURO @NG... Euro NG Facts - Just the Facts - At the end of 2021, Natural Gas Prices on Europe was priced at 70 Euros. U.S. Natural gas (NG) was priced at $2.53. ---- Note that these have different measurements, but let's just look at price escalation. - Currently, the price of Natural gas in Europe is 276 Euros. Here in the U.S. it is $9.64. - So, European natural gas has moved up 294% since the end of 2021. U.S. Natural gas has seen a 281% rise. - If you were only getting info from the TV talking heads, you would believe that NG prices have moved much more than here in the U.S. - The blame has been squarely directed to Russia on this. But, the U.S. is a major NG producer. Big problem with the messaging.... So, What Does German Do About it? - German Economy Minister Robert Habeck ruled out on Sunday extending the lifespan of the country's three remaining nuclear power plants in order to save gas, saying it would save at most 2 percent of gas use. - These savings were not sufficient to be worth reopening the debate about the exit from nuclear energy given the consensus on the topic, he said during a discussion with citizens at the government's open-door day. Oil Not Going Down - Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. - The Organization of the Petroleum Exporting Countries stands ready to reduce production to correct the recent oil price fall driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply Meanwhile - U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, according to data from the Department of Energy. One More Energy - German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Russia's gas supplies to Europe may cause disruptions to power supply. - In December 2020, Uniper announced that Heyden 4 would stop commercial production as Germany's energy regulator included it on the list of plants that may be shut in return for compensation to fight carbon pollution. - So much for global warming! Remember The SQUEEEEEZE - Was fun while it lasted - BBBY high of $30, now below $10 ---- Ryan Cohen pumped and dumped.... Sol ALL SHARES a couple days after the big move (That was due to his massive option purchase) - AMC $27 last week to $11 now - Big reversals for ARRK type names after nice run-up - - 200 Day MA for S&P500 was line in the sand M&A - Signify Health surged 37.