There are signs that the 9-12 month cycle down phase could be much worse than I originally had hoped. This includes a new downside cycle projection that won’t make you happy, unless you want to accumulate at lower prices.
And other Magic 8-Ball lies.
I had had BA short on my Technical Trader chart pick list for weeks. Over the weekend, based on the chart, I decided that it was time to cover it and so indicated for Monday. By the time Monday’s open came around it was too late. What had been a modest profit opened as a painful loss. Yes, I had had buy signals. No, there was no sign that the stock would open 15 points above the established trading range. Orderly, liquid markets don’t work that way.
Tax collections improved in October, but are still well below pre-pandemic levels. The US may look like it’s recovering, but it’s still in the hole it dug when Covid19 first hit. That means that Fed policy isn’t likely to change any time soon.
Following Pfizer and BioNTech’s announcement that their vaccine candidate was found to be 90 percent effective against COVID-19 in phase 3 trials, optimism quickly spread among investors, sending shares soaring across the globe. Unsurprisingly the bump…
But it needs to break down below 3512 before it means anything. Then the conventional measured move target would be 3370-75.
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.
Pfizer and BioNTech announced a COVID-19 vaccine candidate that has been found to be more than 90 percent effective against the virus in patients that haven’t previously been infected. While this is the biggest indicator related to a potential vaccine …
First off: Great news. As I’m sitting here in the UK with lockdown number 2 I’m very pleased to hear the news of the Pfizer vaccine. I hope it’s a winner. Yay […]
On a first day of regular trading after Saturday’s announcement that Democrat Joe Biden had won the 2020 U.S. presidential election, world currencies showed a tendency to gain on the dollar. Major currencies trended up at the commencement of weekday tr…
Asset inflation benefits the super-rich more than anyone else because they own the vast majority of these assets.