Fed QE: $0.700B TIPSPurchase 2020-05-28 NYFed treasury securities operations
Fed QE $4.000B CouponPurchase 2020-05-28
Germany employment conditions improved slightly in May, based on ifo Institute survey:The gains are in line with the Business Activity survey results:However, both business expectations (major driver of improvement) and current conditions (remaining de…
The daily chart for the S&P Futures (ES) looks impressive as hell, if you are a bull. For bears, it’s Wagnerian.
Fed QE $2.000B CouponPurchase 2020-05-27 NYFed treasury securities operations
Fed QE $1.750B Coupon Purchase 2020-05-27 NY Fed treasury securities operations
Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken.The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the re-opening won’t fix what’s broken. As I’ve been no…
The numbers just don’t add up. Even if you treat this stuff on the most charitable of terms, dollar for dollar, way too much of the hole almost certainly remains unfilled. That’s the thing about “stimulus” talk; for one thing, people seem to be viewing it as some kind of addition without thinking it all […]
Most everyone has heard of the Chinese proverb – or curse – that wishes one to live in “interesting times”. You’ve probably also heard that in Chinese the word “crisis” is composed of two symbols, one that denotes “danger” and another that means “opportunity”. Well we certainly live in interesting times and there is indeed […]
Some dire numbers from Factset on changes in consumer preferences / sentiment through March-April 2020:”cAccording to The Conference Board, consumer confidence has weakened significantly with the overall index falling from 118.8 in March to 86.9 in Apri…