After the first week of September ended with two consecutive days of losses for major stock market indices in the United States, fears of a deeper correction are mounting among investors.Seemingly defying all that was going on in the United States, the…
EU chief negotiator Michel Barnier is in London today for the next round of Brexit talks amid warnings from Boris Johnson that he would abandon trade negotiations if no agreement were to be found by mid-October – a stance met with anger in Brussels and…
At 7:45 AM in New York, the S&P fucutures were heading for a test of last week’s low, with what should be an intervening support level around 3380.
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.
From the NY Fed yesterday, plus what’s coming up.
In recent weeks, tension has been growing in the Aegean Sea amid a Greek and Turkish argument over energy reserves in the Eastern Mediterranean. In July, Turkey dispatched a research vessel called the Oruç Reis to conduct drilling operations in the dis…
The devastating economic impact of the pandemic in the United States is pushing increasing numbers of young people to move back in with their parents. A recently released Pew Research Center analysis has found that a majority of 52 percent of Americans…
Here’s why the other shoe hasn’t dropped yet, but where it might.
Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.Quick history quiz: who was the second-to-the-last Emperor of the Western Roman Empire? …
A confluence of factors led to this week’s sell-off in markets. In the lead up to this week’s market top we saw all the classic signs: Weakening participation, highly overbought readings, vast […]