The United States is made up of a patchwork of minimum wage laws with 29 states and D.C. having a rate higher than the federal minimum of $7.25 per hour. Democrats are currently pushing to see the federal rate more than doubled to $15 per hour but effo…
The most recent quantification of the drastic toll the coronavirus pandemic has taken on the travel industry was revealed today in the latest TUI Group quarterly financial statements. The largest holiday company in the world recorded an 88 percent drop…
Efforts by Democrats in Congress to more than double the $7.25 U.S. federal minimum wage have stalled. In an interview on Friday, President Biden said that he does not expect the Raise the Wage Act of 2021 to make it into Covid-19 relief legislation du…
You can see it clearly. The ES fucutures are near the upper bound of a trend going back to the beginning of January. A bunch of trendlines are clustered around 3920-25.
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.
Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.
The uptrend channels are being tested, but so far, not violated. The number to watch in the 5 AM hour in New Yawk is around 3890. It’s rising at about 1 point per hour. To keep the trend intact it would need to be at 3895 or better at 10 AM ET.
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.
Mike Tyson famously said, “Everyone has a plan until they get punched in the mouth.” OK, so the market didn’t quite punch us in the mouth last week, but it did lull me to sleep last weekend. No worries. This week, there were so many charts with buy signals, I’m going all YOLO.
Bitcoin again hit nearly $41,000 this weekend. By doing so it nearly reached the previous highs from January 8 just above $41,500. Whenever an asset hits the area of previous highs it […]