With the number of Covid-19 infections in the U.S. surpassing 13 million and a record 93,000 Americans currently hospitalized due to the disease, health officials warned people to refrain from traveling during the Thanksgiving holiday. Dr. Anthony Fauc…
The Dow loves 30,000 and the S&P loves 3600. Liquidity will be bearish until Thursday. And I’m working on a Technical Trader update that will lay out a trading strategy and chart picks for this week and beyond.
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.
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.
Illustrating FOMO and Bubblishiousness vs Reality:
I wanted to offer some thoughts on Gold on this Thanksgiving weekend as Gold has reached a key price pivot and has seen sizable selling in recent weeks as the rest of […]
Imports of Steel Products in the United States increased to 1173117 USD THO in October from 1052383 USD THO in September of 2020. Imports of Steel Products in the United States averaged 1962339.61 USD THO from 1997 until 2020, reaching an all time high…
Steel Production in the United States increased to 6143 Thousand Tonnes in October from 5709 Thousand Tonnes in September of 2020. Steel Production in the United States averaged 7864.47 Thousand Tonnes from 1969 until 2020, reaching an all time high of…
It’s difficult to believe that Secretary Yellen will avoid having to contend with a historic financial and economic crisis. And Wall Street is quite comfortable that Yellen is precisely the right individual to work intimately with the Powell Fed to orchestrate whatever crisis response necessary to sustain the greatest Bubble in human history.
Here’s the problem. When rates are falling, there are more sales, and especially more refi. So the prepayments go up, and the Fed sees a greater reduction in its MBS holdings. Those reductions had been running at the rate of $65-70 billion per month through last month, based on the prepayment rate in the market in prior months. The Fed then bought that much from the dealers in the following months.