The Fed bought $3.4 billion in coupons today. That’s consistent with what I had posted in the Fed Report. Look for the Fed’s announcement on the schedule for the next month at 2 PM. It should be around $21-22 billion for the month, up from $18 billion….
A 6 month cycle up phase has begun. What shape will it take? In bear markets they tend to play out in one of two…
This market is doing things that are reminiscent of the bear markets of the 1960s and 1970s when the market averages often remained rangebound for…