An interesting ratio chart that I examine from time to time: this is the S&P 500 cash index divided by the 10-year interest rate. It has followed a channel pattern with remarkable precision….
We’ve witnessed since March 2020 a QE program that, rather than accommodating deleveraging, actually spurred further, dangerous, speculative leverage.
A nice graphic of who’s on deck to report this week.
After an absolute dearth of major economic events, the spigot gets thrown open next week
BAC is the worst performing bank in the top-five US commercial banks and often underperforms the average for Peer Group 1.
Corporate America sacrificed national interests in service of greed, and so did the U.S. government.
You can see the magic that can happen with capitalism and communism meet:
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.
CUSIP: 91282CCM1Term and Type: 10-Year TIPSSeries: D-2031Reopening: NoInterest Rate: 0.125%High Yield: -1.016%Price: $112.423650Allotted at High: 11.24%Total Tendered: $39,941,520,600Total Accepted: $16,000,086,600Auction Date: 07/22/2021Issue Date: 07…
The multi-decade continuous contract of crude oil helps illustrate why he thinks we’re heading vastly lower.