The market action of the past 36 hours suggests that the money is gone.
Here’s a look at how the stock market sets up and what you should look for and expect today.
The futures continue the pullback that began a day after Jaysus Powell promised that the Fed would do whatever it takes to keep the US economy afloat, including slaughtering grandparents.
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 $2.500B TIPS Purchase
Following along the same top-down model, what unites central bankers and socialists is equality. Handing over significant authority to either results in everyone being equally impoverished. And, therefore, those very authorities fighting over minute scraps so as to display some sense of accomplishment.In October 2015, safely nested within the cozy confines of Brookings, being paid […]
The Fed poisons everything, and I mean everything. From markets, the economy, and I will even go as far as politics. Sounds far fetched? Let me make my case below. But as […]
A tweet from @elonmusk yesterday has prompted a brief response from myself:https://twitter.com/GTCost/status/1255681426445365248?s=20For two reasons, as follows, it is worth elaborating on my argument a little more:I have seen similar sentiment toward …
Term and Type: 105-Day Bill Offering Amount: 30 Billion Auction Date: 05/04/2020 Issue Date: 05/05/2020
For his next trick, will Jaysus Powell walk on water? Prepare to be awed.
Meanwhile here’s a look at how the stock market sets up today.
The futures are pulling back this morning a day after Jaysus Powell channeled Mario Draghi and promised that the Fed would do whatever it takes to keep the US economy afloat.