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.
If you believe you’ve front-run the herd, you’re now in mid-air along with the rest of the herd that has thundered off the cliff.We’re awash in financial charts, but only a few crystallize an entire year. Here are the two charts that sum up everyt…
2020 is off to the same start as 2019 ended: Trade optimism, liquidity injections and rising markets. I’ll offer a more in depth analysis in the days to come, but wanted to […]
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.
One day the stock market ‘falcon’ will no longer hear the Fed ‘falconer’, and the Pavlovian magical thinking will break down as the market goes bidless.The past decade has shown that when the Federal Reserve creates trillions of dollars out of thin air…
Fed Not QE has as much to do with a plumbing issue as a plumber’s crack has to do with an overflowing septic tank.
It has been perhaps the most astonishing divergence in the first two decades of 21st century history. In late 2017, Western economic officials (mostly central bankers) were taking their victory laps. They took great pains to tell the world it was due to their profound wisdom, deep courage, and, most of all, determined patience, that […]
Central banks came, saw, and saved everything again and set the global economy back on a path of reflation or so go many market narratives being sold to the public these days […]
Our mining picks have all turned green as the miners have broken out while gold attacks important resistance. We’re holding our miners but raising trailing…
Some short term cycle projections have been hit, but this report shows why we’re far from the end of this move. Technical Trader subscribers, click…