In my view the conversation is intense amongst brokerage professionals who have knowledge about Fed policy as to why the Fed conducting its fourth consecutive repo operation. Before Tuesday, the last time the Fed intervened was ...

20 September, 2019

Life is stranger than fiction. Saudi Arabia says attacks were “unquestionably” sponsored by Iran; an attack that caught all flat footed and was thought impossible. As noted the other day, this is a massive escalation, perhaps on the same level as the Iraqi...

19 September, 2019

Only history knows the ultimate outcome of the drone attacks. What is definitively known is oil instillations are not impregnable. That illusion was shattered just as past illusions of invincibility such as the Great Wall of China and the...

18 September, 2019

Only history knows the ultimate outcome of the drone attacks. What is definitively known is oil instillations are not impregnable. That illusion was shattered just as past illusions of invincibility such as the Great Wall of China and the...

17 September, 2019

Equities edged higher, helped by fresh stimulus from the ECB, amid mixed signals on whether the Trump administration and China are closer to a trade deal. ...

13 September, 2019

Within five minutes yesterday Bloomberg posted two headlines. The first was “Assets in passive mutual funds now exceed assets in active managed mutual funds.” The second headline was value/small caps are again outperforming momentum for the third consecutive day ...

12 September, 2019

Two consistent themes of these remarks are negative interest rates and the transition of funds back to Main Street from Wall Street. ...

11 September, 2019

Led by gains in the financial and energy sectors, equities were generally mixed. Perhaps a major question that could soon arise is how the markets view the 2020 election. At this juncture it is viewed as nothing other than a side show ...

10 September, 2019