As markets have continued the non stop levitation to new highs they become ever more untethered from basic market history and I want to highlight one interesting example. But first for context: […]
The more that things remain the same, the more they remain the same.
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 Fed has begun recruiting banks to be counterparties in repo operations. This is an expansion of the usual relationships where only Primary Dealers can act as repo counterparties.
CUSIP: 912796F53Term and Type: 21-Day BillCMB: YesHigh Rate: 0.040%Investment Rate: 0.041%Price: $99.997667Allotted at High: 51.84%Total Tendered: $129,798,245,000Total Accepted: $45,000,277,000Auction Date: 08/31/2021Issue Date: 09/02/2021Maturity Dat…
Zoom has lost 50% of its value since last October. This is one of those stocks I dubbed ABC: Accidental Beneficiaries of Covid (of which Moderna is the king).
10 percent of the richest people in the United States own almost 70 percent of the country’s total wealth. As of Q1 of 2021, the top 10 percent held 69.8 percent of total U.S. net worth (which is the value of all assets a person holds minus all their l…
Until last night, he was getting really annoyed and frustrated with crypto.
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
The 5 day cycle projection has pulled back to 4548. The ES S&P futures hit 4546 this morning. Close enough for government work. Time for a breather.
The pullback has already come down to one support area around 3528. The big mahoff is at 4520…