Despite the surge in consumer prices, Americans haven’t lost their appetite for dining (and drinking) out. That’s according to the latest estimates from the U.S. Census Bureau, showing that monthly sales of food services and drinking places amounted to…
Yesterday, February 15, 2023, a day that will live in… nobody’s memory, the S&P 500 closed at 4147.60. It first notched that price on the…
Was it this? How Bears Could Take Charge This Week February 13, 2023
I honestly don’t know. I’m writing a report on who’s drawing down the Strategic Cash Reserve, and I name names.
That’s coming up within the hour.
Meanwhile, I can’t m…
Yes, and do you know why? Because the largest volume of tax refunds are sent in February. That means the the US Treasury must borrow to cover that, so supply is heavy in February. We’ve seen that in the T-bill issuance calendar for this month. And the …
CUSIP: 912796Y78Term and Type: 12-Day BillCMB: YesHigh Rate: 4.540%Investment Rate: 4.610%Price: $99.848667Allotted at High: 28.26%Total Tendered: $94,709,848,000Total Accepted: $25,000,578,000Auction Date: 02/14/2023Issue Date: 02/16/2023Maturity Date…
This indicator on gold’s long term chart ticked to a major sell signal last week. If there’s no whipsaw it would suggest that the 1700-2000…
I don’t know about these persistent recurring bursts of buying. But they’re here. And this morning we’ve had an upside breakout of a nice big triangle pattern on the ES, 24 hour S&P fuguetures. The 5 day cycle projection is 4170. But over the past …
QT is incrementally improving the transmission of monetary policy by increasing the share of financial assets sensitive to the Fed’s policy rate. Although the policy rate is approaching 5%, trillions of bank deposits continue to offer around 0%. QT strengthens the transmission of policy by mechanically replacing bank deposits with policy rate sensitive Treasuries, and […]
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That technological revolution sure didn’t last long…………
Four flying objects have been shot down over the United States and Canada since February 4. The first, a 200-foot-tall balloon carrying an equipment-laden gondola the size of a regional airliner, was downed by a U.S. fighter jet off the coast of South …