Cycle Trading

[Duma]

Whole new list of acronyms this morning. Note that most refer to banks. It's like something is coming.

New Terms

TGA - Treasurey General Account
SLR - statutory liquidity ratio - or supplementary leverage ratio - % banks need in cash or cash equivalents
GSIB - Global Systemically Improtant Bank - replaces TBTF
LTD - long term debt
TLAC - Total Loss Absorbing Capacity - requirement which defines minimum requirement for instruments and liabilities that need to be available for bail-in within resolution at GSIB's
PF - Pro Former leverage - also known as Leverage Ratios - also called SLR - ratio for banks of debts/assets.
DM - Developed Market - a country that is developed in terms of economic and capital markets

Previous Listed

Binance – Binance Exchange, largest cryptocurrency exchange
Fat Finger - hey I know that one
Jabs - A Covid shot
K-Shaped Recovery – I kinda knew what this was. Some companies (tech) and professionals are doing great coming out of recovery, right and upward arm of K. Others like airlines, restaurants, service workers are not seeing the recovery (at least not yet), they are the right and down arm of K.
Mega Squeeze - when short sales out number the longs
NFT Art - NTF stands for non-fungible token. A fungible is a item that can be used to exchange for something else such as money or gold. Not fungible means not interchangeable. Thus NFT ART refers to art that is sold for millions but has no worth to most. I think most NFT Art is digital. I may not have really captured the real meaning here, but it something like this.
NHS – no not National Honor Society, but National Health Services
Overton window – The range of “acceptable” political policies. Anything outside of this window is considered “extreme” and should therefore be avoided.
Skinny Pop – snack popcorn product by Hershey
Stimmy - a stimulus check
Third Degree Murder - I never paid much attention to the different degrees of murder. 1st-you killed someone, but didn't intent to. 2nd - you killed someone on purpose but it was not planned (premeditated), 3rd - you killed someone and it was premeditated.