Tracking total Primary Dealer financing, as reported weekly by the New York Fed, shows us the approximate level of risk inherent in dealer positions. This…
With their history in winemaking dating back not centuries but millenniums, Italy and France have always been at the pinnacle of the global wine industry. To this day, the two European countries are world leaders in viticulture, with their wines renown…
In what can now safely be described as a plateau in interest rates, the Fed, European Central Bank and the Bank of England announced their decisions this week to stick the levels they’ve now been sitting at for a couple of months.As this infographic sh…
When the United States and the European Union finally buried the hatchet in a long-simmering dispute over government subsidies to Boeing and Airbus in June 2021, wine lovers in the U.S. may well have opened a bottle of Bordeaux to celebrate. While that…
This is a test. This is only a test.
The ES, 24 hour S&P fugutures are back up to test yesterday’s high. At the same time here at 6:45 AM ET, the ES is testing the trend channel line that started with the launching of the Fed resubstantiation…
Short-term cycles have turned up, but longer cycle projections have already been hit. It’s not a given that those will be exceeded in the near…
Since April, market participants have withdrawn $1.7 trillion from the Fed’s RRP slush fund. That’s the equivalent of $200 billion per month in QE. It doesn’t work via the same channels, but the effect has been similar. There’s still over $800 billion …
The only visible cycle in the hourly chart of the ES, 24 hour S&P futures is on a one day basis. The 3 and 5 day cycles are in trending mode, although a flat down phase would be in order for today. Boring.
4648 is an old spport level. The cen…
Just in time for the holiday rush that will see millions of Americans hit the road, gas prices in the United States continued their downward trend last week. According to the U.S. Energy Information Administration, the national average price of one gal…
One day before today’s CPI release gave us the latest status report on the ongoing fight against inflation, a monthly report from the Federal Reserve Bank of New York showed that Americans are increasingly optimistic about the near-term inflation trend…