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 sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.
The Open Market Trading Desk at the Federal Reserve Bank of New York has published its annual report, Open Market Operations during 2020.
What can I say. I like sports analohgeeze.
The obvious initial target of this premarket move in the ES fucutures is 4185. If they clear that, abandon hope, all ye bears who enter here (literary reeferants). Such a breakout would have a base pattern measured move implication of 4300. But first, the 5 day cycle projection looks 4200ish.
On tother hand,
As wild short term volatility chews up swing traders and spits them out, the market averages remain in an uptrend, and look poised to move…
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.
It was hard not to hear about cryptocurrencies last week what with the bear market and all. Actually, you can make the case that bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday […]
List performance degraded last week, with the average gain dropping to +2.5% on an average holding period of 12 days. That includes open picks and those that triggered stops during the week. Remaining picks are shaky. I have tightened stops.
This table summarizes recent list performance.
Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over and reward the…
Single Family Home Prices in the United States increased to 341600 USD in April from 329100 USD in March of 2021. Single Family Home Prices in the United States averaged 124908.44 USD from 1968 until 2021, reaching an all time high of 341600 USD in Apr…