Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
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.
Today’s Fed Treasury paper uptake.
How often do you check your brokerage account? There is a famous economics paper from 1997, written by some of the giants in behavioral finance (Thaler, Kahnemann, Tversky & Schwartz), that tested what is known as myopic loss aversion. What they found was that investors who check their performance less frequently are more willing to […]
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
It’s beginning to sink in that rising inflation is much more than a transitory phenomenon.
Historical maps highlight the Magic Kingdom’s dramatic transformation from swampland to the biggest theme park in the world.
So by all means, focus on the inexorable rise of stocks, cryptos and housing as “proof” of America’s soaring “wealth” while the social order unravels beneath our feet.
If you want to see the absolute apotheosis of a captured market, look no further than the /RTY (small cap Russell 2000) futures.
Merck (MRK) roaring higher today based on yet-another-Covid-drug that will throw off ungodly profits (after accounting for executive multi-million dollar annual compensation).