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.
Seems the dragon has lost its wings. The 5 day cycle projection of 3445 has been hit however, so beware of dip buyers.
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.
Overall, BRIC block activity indices imply lagging momentum in the recovery in services, and faster than global pace of recovery in manufacturing.
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.