That’s the next S&P fucutures 5 day cycle projection in this perfect stairstep advance. It feels disorderly during the day, but trends don’t get much prettier than this on the charts.
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.
Today’s scheduled purchase is an unusually large one for a single day. Here’s why, and why it could top out the market.
After thinking about it all day, I’m still not quite sure this isn’t a joke; a high-brow commitment of utterly brilliant performance art, the kind of Four-D masterpiece of hilarious deception that Andy Kaufman would’ve gone nuts over. I mean, it has to be, right?I’m talking, of course, about Jackson Hole and Jay Powell’s reportedly […]
As bears are capitulating and markets keep making new highs on the heels of yet another dovish speech by Jerome Powell investors continue to chase historic valuations. Nothing has mattered so far, […]
Class wars are the inevitable result of an economic system in which ‘anything goes if you’re rich enough and winners take most’. The traditional class war has been waged between wage-earners (who sell their labor) and their employers (owners of ca…
Coming on the heels of the first contraction after 23 consecutive quarters of growth, the U.S. economy suffered its steepest decline on record in the second quarter of 2020. According to the second estimate published by the Bureau of Economic Analysis …
U.S. Vice President Mike Pence spoke on the third night of the Republican National Convention, praising the Trump administration’s economic prowess. He urged voters ask themselves “who do you trust to rebuild this economy? A career politician who presi…
Excellent discussion last night after I had gone to bed. For those of you unaware I’m in Your Rope and it is 6 hours later here than back home in ETUS.
As American students get ready to return to university or start out at third level for the first time, preparations are anything but standard amid the coronavirus pandemic. The New York Times conducted a survey in an attempt to gauge the number of conf…