Earlier this week, Pfizer reported its third quarter results, beating top- and bottom-line expectations and raising its guidance for 2021 yet again. The U.S. pharmaceutical giant reported $8.15 billion in net profit on revenue of $24.09 billion for the…
The last 5 day cycle projection I posted yesterday for the ES S&P 500 fugutures was 4690. Updating that this morning, it’s back to 4685, which is being tagged as we speak here at 5:30 AM in New York.
Are they done here?
I doubt it. The …
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.
Regarding Peloton, I have long-contended several things: It was at the right place at the right time; Covid-19 was the greatest thing that ever happened to…
If America’s total dependence on corporate profits and stock market/housing bubbles is just fine because the bubbles just keep inflating, there’s nothing left but rot.…
With so much data available, it’s easy to make big mistakes when analyzing and interpreting it. Here are 15 of the most common data fallacies to avoid.
A new report by thinktank InfluenceMap has revealed the companies exerting the strongest and most negative influence on climate policy action around the world. The research concludes that these organizations are using “prolific and highly sophisticated…
I have a substantial bearish position on the energy fund XLE (long December 17 2021 puts). It was distressing this morning to see what XLE…
The coronavirus pandemic had reduced global CO₂ emissions by two gigatonnes – approximately the equivalent of the net increase in carbon emissions since 2013. Despite the pandemic carrying on in 2021, CO₂ entering the atmosphere rebounded majorly in 20…
Did you notice in yesterday’s press conference how Jerome Powell kept clearing his throat. He was apparently choking on the vomit of his own double talk. The lies, self contradiction, and obfuscation were breathtaking. This man has no conscience. But then, he’s a central banker. What should we expect.
It’s a good thing that Powell doesn’t own a big bond portfolio.