With early effects of COVID19 pandemic in:Both charts via Factset.
March was bad. April is worse.
A month ago the Fed was buying all new Treasury issuance and then some. Now it’s nowhere close to doing that. In recent days the Fed has been absorbing only around a fifth of new Treasury issuance. Is it enough?
A month ago the Fed was buying all new Treasury issuance and then some. Now it’s nowhere close to doing that. So is the Fed doing enough to keep the short term bull trend going? Here’s today’s technical setup.
Fed QE $2.000B TIPSPurchase 2020-05-06 NYFed treasury securities operations
Fed QE $4.000B Coupon Purchase 2020-05-06
Death rate in Denmark is well below Sweden, although they converge in May.
So is the Fed doing enough to keep the short term bull trend going? Below is how it looks today.
Meanwhile, rogue elements of the Trump Regime, known as “doctors and epidemiologists,” are estimating a doubling of the COVID19 death toll in the weeks ahead as states try to reopen their economies. Stock futures are cheering on the predicted rise in the death toll.
Buy Death, the traders say!
Gold is consolidating. The uptrend will be safe as long as a key support level holds. This report looks at where to start worrying, and…
Fed QE $13.000B Coupon Purchase 2020-05-05