There were two jolts in the ES between sessions. The first, in yellow, was yet more Trade Talk Optimism. The second, far bigger, was a blowout jobs report this morning.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The real question, though, is whether the business cycle approach means anything in this day and age. I don’t think it does, and that’s a big part of why there’s so much confusion about both cause and effect.
FEEDIt hasn’t exactly been a newsworthy, awe-inspiring day, so I went through my fifty ETF charts and plucked out eight I thought were worthy of a few words. So here we go (click on any for big version):
The biggest question is whether the fintech bubble has already burst.
For US importers, October is their month.
In case you haven’t heard, Peloton – – just about the only unicorn stock which has been thriving this year – – has stepped in a pile of creosote lately, and all because of this ad: In case you haven’t seen it, th…
It looks like the precious metals miners have a good shot at success.
Let’s take a look at the big fight-back the bulls executed over the past couple of days.
Like many US pension funds, Calstrs is only 67.2% funded