The lull in US consumer spending on goods has reached a fifth month. The annual comparisons aren’t good, yet they somewhat mask the more recent problems appearing in the figures. According to the Census Bureau, total retail sales in January rose 4.58% year-over-year (unadjusted). Not a good number, but better, seemingly, than early on in […]
“And I heard a voice in the midst of the four beasts, and I looked and behold: a pale horse. And his name, that sat on him, was Death. And Hell followed […]
Stock Market Trading Setup for Friday, February 14, 2020 Hourly ES S&P 500 Futures Chart Setups don’t get much more ambiguous, and fraught with 2…
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.
I actually wanted to focus on this yesterday but confirmation wasn’t forthcoming until today. So, it ended up being a broader note on the dollar which only included some mention of Brazil in passing. Still a worthwhile couple of minutes. There were rumors that Banco (central) do Brasil was intervening or was going to intervene […]
When the stampede tumbles off the cliff, buyers vanish and markets go bidless.
The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the October – December 2019 quarter, BUT GET THIS!
Another overnight coronavirus related scare as China had to greatly up its estimates of the infected, yet no worries, the market remains as much on autopilot as the Fed remains in denial […]
CUSIP: 912796TK5Term and Type: 21-Day BillCMB: YesOffering Amount: 40 BillionAnnouncement Date: 02/13/2020Auction Date: 02/18/2020Issue Date: 02/20/2020Maturity Date: 03/12/2020PDF | XML
Stock Market Trading Setup for Thursday February 13, 2020 I have been beset with brainfarts lately. Must be old age settin in. Bad enough when…