Lack of convincing decline in the rate of detected new cases and deaths worldwide.
New York | This week in The Institutional Risk Analyst, we ponder the state of the bezzle, that fluffy, frothy portion atop the political economy…
The market has sold off overnight again, but it’s trying to find its footing and hourly indicators are bullish.
The New York Fed today released an expanded set of Frequently Asked Questions regarding the Primary Market and Secondary Market Corporate Credit Facilities.
I am rescinding the comments I made last week about the long term trend. The Fed’s commitment to maintaining a bullish trend in stocks is now in doubt, and the long term indicators on the market index charts are ambiguous.
The outlook is rife with uncertainty. We don’t know when or if the Fed will re-deploy its tactical carpet bombing of deeply embedded, indigenous bearish forces.
It’s like the Viet Nam war. The Fed has overwhelming firepower, but it may not be committed to using it because of the astronomical long term cost fighting an entrenched enemy. We need to watch to the technical indicators closely to try to determine what each side is doing and will do, and which might have the upper hand.
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 TIPS Purchase 2020-05-04 NYFed treasury securities operations
Fed QE $1.945B Coupon Purchase 2020-05-04
A somewhat simplified, but nonetheless telling heat map of financial strengths and vulnerabilities across emerging market/middle income economies via the Economist:I have outlined European economies included (for some strange reason, the Baltics are no…
The speed and the depth of jobs destruction in the U.S. during the last two months has been beyond precedent.