Fed QE: $1.732B Coupon Purchase 2020-08-12
We are becoming numb to the sheer size of the public health disaster that is unfolding in the U.S. Numb, careless and utterly devoid of any concern for those around us. Here are the latest numbers.
Last week the question was whether hitting the February gap had any relevance. Other than a bit back and forth it did not and market continued higher according to the program that […]
Kill the algos before they kill us. If you haven’t noticed there’s a specific program running through markets this August, it’s not humans making collective price decisions.
Behavioural differences between professional forecasters, economic analysts and business practitioners are vast,
Term and Type: 3-Year Note
High Yield: 0.179%
Total Tendered: $145,783,845,000
Total Accepted: $76,548,181,000
That said, there have been warnings for several weeks.
Excess liquidity kills volatility and causes bids to rise relentlessly. But when you zoom in to hourly or shorter, it’s whippy. Whipsaws and false breakouts galore. They’re brutalizing day traders.
Fed QE: $2.401B TIPS Purchase 2020-08-11
President Donald Trump issued executive orders on Aug. 7 banning popular social media apps TikTok and WeChat from use in the country. The platforms, both owned by Chinese parent companies, have 45 days to sell their U.S. operation before the order take…