Chapter 209: The Overlord's Statement of Reversal
On August 30, the day after the hurricane made landfall, as soon as the market opened, the three major stock indexes of the New York stock market fell as investors worried that the hurricane would bring huge losses to the U.S. economy. See 1 yarn 3 Chinese net
It's not just the price of crude oil that has skyrocketed, but the price of gasoline has jumped after Katrina's landfall.
On land, hurricanes left about 2.7 million people without electricity.
Without electricity, long-distance pipelines carrying gasoline and other refined products to the East Coast of the United States are unable to operate, straining oil supplies in the southeastern and mid-Atlantic states.
There may still be gasoline in the underground depot of the gas station, but without electricity it cannot be pumped out to refuel the vehicle. Ambulances, police cars, fire trucks and repair vehicles are unable to rescue and repair in the mess and rubble.
The sharp rise in oil prices is partly due to the supply disruption itself, and partly because rumors of oil shortages have caused panic among the public.
This panic was projected into the market when oil prices hit an intraday high of $7,090 per barrel in the New York market, breaking the all-time record of $7,080 per barrel set during Asian electronic trading hours on the previous session.
At the same time, the Assassin Fund began to open short positions.
The so-called emptiness is "credit". I didn't have anything in my hand, but I wanted to participate in the transaction, so I borrowed money to buy and borrow things to sell.
In crude oil futures, short selling is to sell crude oil, so borrow crude oil to sell. Whether the short seller itself has crude oil or not does not matter, and everyone does not care.
However, when the contract expires, you have to pay back what you borrow.
If you sell the crude oil short, you have to return the crude oil.
For financial companies, as long as they buy crude oil before the contract expires, they can close the position and earn or lose the difference between the sale and the sale.
"Every twenty minutes or so, buy a short order of 1 million barrels!" Jiang Ping supervised the operations of the traders, and then explained to Qi Zheng beside him, "We have prepared $300 million in funds, and the full position is $3 billion." The current position is only more than 300 million, which is still very empty. Buy an order every 20 minutes, just in time for digestion. Moreover, oil prices are slowly climbing, and delaying purchases is also more conducive to leveling out costs. ”
Qi Zheng nodded understandingly, he didn't know how exciting the futures market was without personal experience, for example, now, he was obviously watching the price of oil rising, but he was buying down.
Both Qi Zheng and Jiang Ping are convinced that the U.S. government will take steps to boost market confidence, but maybe today, maybe tomorrow.
And before oil prices really fall, for every 1 million barrels of oil bought, Qi Zheng's heartbeat will speed up.
It is equivalent to more than 70 million dollars of goods in each order, and it is still purchased at a loss. Even if you know that oil prices will fall, you are facing a situation where oil prices are rising. Losing hundreds of thousands or even millions of dollars every hour can last for a whole day, or even a day or two.
But this is again a pressure that must be endured.
Because once the bad news appears, the market is likely to be smashed by a huge number of short orders, so it is necessary to make a layout in advance.
"The latest news, multiple oil rigs in the Gulf of Mexico were damaged and paralyzed after being hit by Hurricane Katrina......"
A trader from the Assassin Fund couldn't wait to shout to Jiang Ping in the air, "The price of the New York Stock Exchange has risen again. ”
Everyone unconsciously looked at Jiang Ping, only to see that his expression had not changed, and the speed at which he gave orders was still slow and firm.
Under his influence, the traders of the Assassin Fund froze on their computers, continuing to pay attention to the first-hand information, which was connected to the Associated Press, Reuters, TASS and other national news agencies, as well as web portals.
On the eve of the full-fledged online world, news agencies are still the world's largest source of news, and television stations and newspapers around the world, as well as web portals, reprint their reports to a greater or lesser extent.
In finance, you must always rely on information sources to make correct or wrong judgments at the first time.
In addition to military and commercial intelligence agencies, news agencies are the fastest and most accurate sources of information.
There are many news agencies in various countries, and the number of messages is even greater, with hundreds or thousands of messages every minute. Although they have been ranked in importance, they still need to be analyzed.
The Assassin Fund is not yet capable of sending intelligence agents around the world like the Island Consortium, and all they can do is keep an eye on the news agencies of various countries.
As a result, the Assassin Fund's trained staff are highly proficient and look relaxed.
Qi Zheng couldn't help but nod in approval.
On the 30th, until the close, there was no negative news in the market, and at this time, the assassin fund had bought more than 30 million barrels of crude oil.
Jiang Ping's operation was very cautious, the full position was $3 billion, and after building a short position of more than $2 billion, the pace began to slow down.
In just one day, the fund's book loss was close to $30 million.
Therefore, after the closing, traders breathed a sigh of relief.
Jiang Ping was unmoved, he turned his head to Qi Zheng and said, "There is no movement today, the US government's actions are even slower than I imagined!"
Qi Zheng muttered, "It's almost, I estimate that tomorrow we will release oil reserves to the market to stabilize public sentiment." Also, don't forget the International Energy Agency......"
Su Fang on the side was thoughtful and said, "Even if you don't put oil directly, you can stabilize your worries by promising to put it." ”
Qi Zheng said softly, "Affected by the hurricane, there is now a large gap in the supply of crude oil in the U.S. market, and there is a huge difference between releasing crude oil and preparing to release crude oil in boosting confidence." I think it's direct delivery. ”
Jiang Ping smiled, "Actually, this has already begun to appear." The shorts in the market are increasing, and I believe that there are not a few people who can guess that the US government has come to the rescue of the market, and some people have even gotten the news......"
In fact, in the oil futures market, inside information is just too common. The average player has to guess, but those who can get into the Bush family circle often benefit from first-hand information.
Jiang Ping keenly felt the quiet changes in the market situation, which gave him more confidence.
The next day, the 31st.
After the opening, oil prices first rose in a small wave, and Jiang Ping was unmoved.
Soon, the bad news he needed appeared.
One trader excitedly shouted, "The latest news from the Associated Press, the President of the United States has approved the use of the U.S. Strategic Petroleum Reserve to help restore production of the severely damaged crude oil processing plant!"
Jiang Ping didn't turn his eyes, and turned his head to look at the price curve on the screen.
The market reaction was unexpectedly cold, and oil prices fluctuated slightly, that is, a few tens of cents of a negative decline, as if the measures taken by the US government had no effect.
Jiang Ping sat firmly on the Diaoyutai platform.
Sure enough, then, bigger bad news broke out.
The International Energy Agency (IEA) announced that all 26 member countries have agreed to put 2 million barrels of crude oil from strategic reserves on the market every day for 30 days to help resolve the market tensions caused by Hurricane Katrina.
The situation completely reversed, and the price of crude oil futures in the New York market fell sharply.
Inside the Assassin Fund, excited-looking traders staggered out the latest data.
"New York $6990. ”
"Another 20 cents down. ”
"$6,850 up. ”
"It's down to $68! $6,780!"
“......”
At this moment, time is stretched infinitely.
Short and long.
But for many, a few minutes for crude oil to go from $70 to $67 is as long as days.
Those players who are long crude oil futures, the price is constantly falling, and it is difficult to close the position when no one takes the order, and if they do not add margin, they will watch their positions be liquidated, and they are powerless.
Only players who are shorting in advance like the Assassin Fund can taste the fruits of victory in the smoke of gunpowder.
The traders of the Assassin Fund had a wonderful feeling as if they had witnessed the end of a battle that was sure to be won.
Everyone can't help but turn their attention to the "Big Three" of funds.
I saw that the three of Qi Zheng were not in a hurry or impatient, as if they had expected it a long time ago, and looked at each other and smiled.
In fact, it was indeed expected.
Hurricane Katrina triggered the largest oil supply disruption in U.S. history, but at its peak losses were only 1.5 million barrels per day. However, the United States has used its strategic oil reserves and joined other countries in taking unprecedented measures to deploy emergency oil stocks of several million barrels a day to support the American market, which is more than enough to make up for the shortfall in oil supply.
More importantly, this move is a clear expression of the attitude of the United States and other Western countries.
The United States, as the world's only superpower, is wantonly flapping its teeth and claws all over the world.
In particular, after the "911" incident, the United States began a new round of military strikes, fully demonstrating that the world hegemon's control over the world still exists.
However, it is precisely because of the drag of the war on terror, coupled with the blow of the financial crisis in 08 and the impact of the rise of emerging countries, especially in the face of more and more global governance problems, the United States cannot come up with effective solutions, and its leadership is weak, which makes the international status of the United States in a state of decline.
Especially after Trump took office, the United States has taken a series of "withdrawal" actions, which in a certain sense shows the decline of American influence in the world.
But that's more than a decade later, at least for now, in the face of the world hegemon's bailout attitude, a number of allies have also responded positively, and the market has also given direct feedback - crude oil prices have fallen in response.
Although following the trend is correct, it has benefited a lot. But looking at the falling price curve, Qi Zheng still narrowed his eyes slightly.
To say that he has made a lot of money, but when he encounters such a good opportunity, he does not take advantage of the world hegemon to get more benefits, Qi Zheng feels that he has come to the United States for nothing.
He came to the United States so many days in advance, but he laid a lot of follow-ups, and now it's time to activate them.
Next, it is the turn of a certain hanging ratio to directly "control the field".
......