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?
And that’s just the stock market.
Dicsucs.
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 $2.401B TIPS Purchase 2020-06-15 NY Fed treasury securities operations
Fed QE: $1.739 B Coupon Purchase 2020-06-15 NY Fed treasury securities operations
The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have…
The Monthly Treasury Statement for May confirms that the economy rebounded during the month, but more recent data through last week suggests that the rebound has already expired. Signs of renewed weakness come when the numbers are still far from a full recovery. The economy is beginning to weaken again, starting from weakness.
That’s relevant because it means that the Federal government will need to continue to issue massive amounts of debt. It may not be quite as much as in March and April, but it will still be at least double past peak levels.
We also know that the Fed has sharply cut the amount of that debt that it is directly absorbing or financing.
Here’s what this means for your investing strategy.
Some interesting movements in demand for gold coins in recent months, worth watching:Price is up, and volume of sales is quite volatile. Still, sales are hitting highs.Following weaker y/y January and February, March 2020 sales rose almost x10 y/y in v…