A pitcher is worth a thousand words.
Great pitching beats good hitting.
The 5 day cycle projection is 4035-43. Almost there.
Chart.
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
Inequality is America’s Monster Id, and we’re continuing to fuel its future rampage daily.
There’s an old saying on Wall Street that one should “buy the rumor, sell the news”, a pithy way to express the efficient market theorem. By the time an event arrives, whatever it may be, the market will have fully digested the news and incorporated it into current prices. And then the market will move […]
The 6 month cycle up phase reasserted itself last week. All of the short term cycles up to 13 weeks resychronized with the 6 month…
Debt structures degenerate over time, as the boom is perpetuated by expanding quantities of debt of deteriorating quality. Archegos is emblematic of an out of control mania and a complete breakdown of responsible lending and regulatory oversight.
Despite some positive headline numbers on some labor market metrics, jobs creation in the U.S. is not progressing well-enough to claim any end in sight for the Covid19-induced recession
Based on the average duration of unemployment, we are now (in the Covid19 pandemic recession) tracking the worst recession on record
The latest reading would rank 58th worst in the history of the weekly series