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.
Fed QE $4.401B Coupon Purchase 2020-06-17 NY Fed treasury securities operations
Small caps drop over 15% in 4 days only to rally over 10% in less than 24 hours. A rally was not a surprise after such a steep and fast drop. What […]
The big news this morning was a 17.7% jump in the headline number for retail sales. LOL Enjoy the rally, everyone. The stock market rally that is.
Blackrock is managing the fund. The trades will be executed, as usual, with Primary Dealers. The Fed put out a list of accepted counterparties, and at a quick glance, virtually all of them were Primary Dealers.
The direct outright purchases of in…
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.
The Fed has backed itself not into a corner but to the edge of a precipice.Though the Federal Reserve never stated its Grand Bargain explicitly, their actions have spoken louder than their predictably self-serving, obfuscatory public pronouncements.&nb…
The New York Fed today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin buying corporate bonds on June 16.
Gold prospectors look for the mother lode on the range. There are a couple of mining picks for them to swing. Subscribers, click here to…
By early Monday morning, the ES futures were trading at 2966, and had traded as low as 2925. 2950 is now critical support. If New York fails to hold that, then the market would be in crash mode again. What would the target of that be? And what if 2950 holds? Is it still bearish?