I have been warning for months that once the debt ceiling was lifted the money markets would tighten dramatically. It’s happening. Here’s a rundown of…
If the Sunday night selloff sticks through the day on Monday, it may just mean something. Here’s what to look for.
Lee's Free Thinking
Pundits are calling yesterday’s drone strke a “black swan.” Can a drone strike on a Saudi oil facility, be a “black swan.” But is it? And are there really black swans?
On Wednesday afternoon (9/11/19) I sent this note to Technical Trader subscribers. I’ve redacted the specifics here, but wanted to share the thinking with you.
Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.
That’s right. The Fed is doing POMO again. POMO means Permanent Open Market Operations. It’s a fancy way of saying that the Fed is buying Treasuries, pumping money into the financial markets.