The Treasury’s numbers are in for June and they’re not good. First things first. The BLS jobs data is just BS.
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5 day cycle projection now 3135-45, up slightly from yesterday. Indicatorsa are in trending mode after a failed sell signal overnight in Asia.
Dicsucs
Despite improving PMIs in all BRIC economies through June 2020, quarterly readings remains deeply recessionary
Onto the dog days of summer. The first half of 2020 has been intense for all involved and the second half looks to be intense as well. Stepping back from the daily […]
The roof, the roof, the roof is on fire. But momentum is on a sell signal.
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: $3.601B Coupon Purchase 2020-07-01
U.S. dynamics behave distinctly from every other advanced economy, and not in a good way.
New cases and deaths updated. All commentary in the charts (click to enlarge).Adding a new graph to collection: this looks at smoothed-trends in both deaths and counts of new cases:
Some really good mapping in terms of financial exposures/risk and COVID19 vulnerabilities within the U.S. small and medium enterprises sectors, via McKinsey & Co:Source: https://www.mckinsey.com/featured-insights/americas/which-small-businesse…