Stories matter to Wall Street and to most investors. And they definitely matter to the media. Without stories to tell, the financial media would not exist.
Yesterday, I wrote, “This is a top, no bout a doubt it.”
So then I post the hourly chart and it looks like this.
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 QE
CUSIP: 91282CBK6Term and Type: 1-Year 10-Month FRNSeries: AW-2023Reopening: YesSpread: 0.049%High Discount Margin: 0.035%Price: $100.026274Allotted at High: 92.65%Total Tendered: $84,534,958,900Total Accepted: $26,000,046,400Auction Date: 03/24/2021Iss…
Thanks to continuing growth in streaming subscriptions, global music industry revenues grew by 7.4 percent in 2020. According to the IFPI’s latest Global Music Report, 2020 marked the sixth consecutive year of growth for the music industry that had pre…
Semiconductors built into cars control air conditioning systems, monitor tire pressure, move seats in the interior or ensure that the airbag is triggered in the event of an accident. It is therefore not surprising that microchips have become an indispe…
Soaring demand for Covid-19 vaccines has resulted in massive changes in vaccine production. Companies have drastically ramped up production and 413 million doses of nine different vaccines had been produced by early March, according to an analysis by p…
Today’s screen had 39 stock charts with good signals, 11 buys and 28 sells. One of the sells was an inverse commodity fund so that one goes in the bullish column. Therefore, 12 of the 39 signals were bullish. 27 were bearish.
The United States has had to cope with a long list of threats down through the years from geopolitical tensions with major adversaries such as China and Russia to international terrorism and the spread of infectious diseases. Ultimately, the latter eme…