“You pass the Helmsley Palace, the shell of old New York transparently veiling the hideous erection of a real estate baron…” Jay MacInerney Bright Lights,…
Gold’s intermediate term outlook is back in a familiar stance. We’re not too worried about it. Of course, things can change.
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 $2.000B Coupon Purchase 2020-06-08 NY Fed treasury securities operations
Cycle alignments are still mostly bullish, but now extended. The 6 month cycle remains bullish, and already stratospheric cycle projections for the S&P and QQQ have gone even higher.
How much more can an erstwhile bear take? How much more should they? Here are some suggestions.
For anyone deluding themselves that the COVID19 pandemic is going away, here are the latest global counts
Things are going swimmingly in the ‘best healthcare system in the World’, Not.
For those interested in the current events in the U.S., here is a data-driven background to police violence as a systemic problem: https://mappingpoliceviolence.org/.Couple of key charts, focusing on systemic and broad reach of the issue:The chart…
I try to stay laser-focused on the analysis, conscious not to stray into the conspiracy realm. The Fed may buy S&P futures contracts at key market junctures and the government might at times fudge the numbers. I don’t know, and I’m not going there. Some will question the veracity of Friday’s payrolls data.