Dismal's Smacks

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Retail trade, August 2023

Canada Retail Sales down .1% to $66.1 billion in August. Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were down 0.3% in August. A .3% decrease was expected...

Wut Mean?: * Retail sales decreased by 0.1% to $66.1 billion in August. * Six of nine retail subsectors saw decreased sales. * Largest decrease: Motor vehicle and parts dealers (-0.9%). * Core retail sales (excluding gasoline stations, fuel vendors, and motor vehicle and parts dealers) decreased by 0.3%. * Retail

BGC Financial, L.P. (Respondent)

FINRA 'discipline' Alert! From December 2014 through January 2021, BGC Financial, L.P. could NOT effectively detect spoofing and layering on ~7,765,000 transactions. Penalty? Censure, $200,000 fine, with no admission of wrong doing.

Hello and happy Thursday, I hope everyone is enjoying a great week on this Friday eve! I would like to share some more FINRA 'discipline' with y'all, this time it's BGC Financial, L.P.! As these releases convey a ton of information, I hope

Compliance with the Block and Cap Amendments

CFTC Extends No-Action Enforcement on Block & Cap Amendments. A dive into the CFTC's DELAYED regulations aimed at refining swap data reporting, ensuring transparency, & maintaining market integrity.

Wut Mean?: * The letter addresses a request from swap data repositories Chicago Mercantile Exchange Inc., ICE Trade Vault, LLC, DTCC Data Repository (US) LLC, and KOR Reporting Inc. to extend a no-action position detailed in CFTC Letter No. 22-03. * The Swap Data Repositories (SDRs) want the Division of Market Oversight

Fed Vice Chair for Supervision Michael S. Barr

Fed Vice Chair for Supervision Michael S. Barr: "It is particularly important for us to consider a range of market shocks because some concentrated counterparty exposures may be revealed only under certain scenarios."

Highlights: * "A recent study confirms this experience, finding that banks subject to the stress test were less exposed to common systemic risks. In addition, the stress test helps to make capital requirements less susceptible to gaming by firms and therefore more likely to be set at adequate levels. This

Sales of previously owned homes in the US fell by 2% in September

National Association of Realtors: Sales of previously owned homes in the US fell by 2% from August to a seasonally adjusted annualized rate of 3.96 million units in September of 2023, the lowest since October 2010.

Highlights: * Existing-home sales slid 2.0% in September to a seasonally adjusted annual rate of 3.96 million. Sales are down 15.4% from one year ago. * The median existing-home sales price grew 2.8% from one year ago to $394,300, marking the third consecutive month of year-over-year price

Treasury International Capital Data for August

Treasury International Capital Data for August: China sells the most U.S. securities in 4 years.

Wut Mean?: * China sold nearly $14.867 billion in long-dated Treasuries in August, along with $5.113 billion in U.S. stocks. * China sold $1.34 billion mortgage bonds. * All told, Chinese institutions and funds sold $21.1 billion in U.S. assets. * China has sold $235 billion in Treasuries

cftc.gov

Weird glitch? cftc.gov appears to be having DNS issues this morning (see no records) but is available at https://cftc.prod.acquia-sites.com/

cftc.prod.acquia-sites.com/ works though I am sure this is some weird glitch but in theory all these other sites should be down if it’s server issues? https://securitytrails.com/list/ip/54.156.221.157 Is also interesting a .gov agency uses godaddy? So, is this a