3Q 2020 reading is consistent with the BRIC block services sectors recovering only partially from the pandemic lows
BRIC Manufacturing Activity Index stood at 53.0 in 3Q 2020, above the Global Manufacturing Index (51.6) and up on 45.0 in 2Q 2020.
As our see no risks market continues chugging along near all time highs again you may have noticed that many of the gains since the September lows are again coming via magic […]
Now that I’ve written this headline, the contrarian in me recognizes that this is probably a sure sign that we’re in a major top. But…
The bears fought,
A beachhead to gain,
But in the end,
Could not sustain.
Now once more,
They try again.
Hourly bars-
Zooming in a bit
Here at 6 AM in New York as the first US traders sleepi…
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.
Better not to risk any radical evolution that might fail, and so failure is thus assured.
Amazing times all around. Most astounding perhaps the level of complacency building in markets into the US election and into year end. Most of the market appears to have adopted a see […]
The Fed’s balance sheet has now grown by over $2.8 trillion since March. That’s when the pandemic panic was at its extreme and the Fed…
I can’t believe that with $1.75 trillion in the bank, the US Treasury continues to sell paper to raise cash. WTF is going on with those people?