It’s interesting what the eurodollar futures curve has done today. Over the past several weeks, of course, the curve has collapsed though with much more focused buying at the front end of it. That’s understandable given the common scenario being priced in – that the Fed will reluctantly be forced into sizeable rate cuts very […]
Panic in the ‘save stocks at all costs’ world. Calls from the President on down demanding the Fed cuts rates on an emergency basis before even the March meeting. The G7 is […]
The first glimpse at China’s economy in its full virus effects was beyond ugly.
The miners had a stunning false breakout and bull trap. Here’s what to look for. Subscribers, click here to download report. Try Lee Adler’s Gold…
The ferocity of the surprise attack has been breathtaking, and deeply troubling, but here’s why the ingredients for a short term low are in place.
Last week, financial markets wiped out about a quarter of the market value of large US banks and nonbank companies.
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.
Force cannot restore legitimacy, trust or confidence, nor can it magically erase the consequences of a still-unfolding national trauma.The Chinese authorities threatening to punish workers who refuse to return to work are getting a lesson in the limits…
Complacency came before the fall. All of 2019 market participants ignored the non existent earnings growth. Too strong was the now pavlovian reflex to chase easy central bank money. Too trusting in […]
The patterns on the charts of T-bills and the 10 year note are unprecedented. Something terrible has happened in the market. The Fed will have…