Gold is at the highest level in almost 8 years. Oil is almost $41 barrel. The yield curve is the steepest in over five years. Many, me included, believe a reason for the above is the result of the exponential increase in...
Data from the Federal Reserve states more companies are scared today than 2008. The Fed also writes the level of uncertainty is at a record, vastly eclipsing all other times. Moreover, almost every firm has declared the economy ...
Is the tide turning? In my view, yesterday was the first day the headlines were not entirely apocalyptic. There was an element of rationality, something that has been missing for at least three weeks.
...It is ugly!!! The S & P 500 just had its fifth worst percentage decline in history. It was the greatest percentage drop since October 19, 1987. One large trading firm commented that they have tried everything to appease ...
The volatility in the markets is deafening. Stocks rose yesterday on stimulus hopes and the outcome of Super Tuesday. At the same time, 10-year Treasury yields fell below 1% and the dollar rose as all are waiting for other top economies to follow the Fed’s...
As widely discussed, last week was one for the record books…the fastest correction ever because of the coronavirus. Indices were down about 11%-12% last week and off about 14% from their apex. ...
Equities were mixed Friday on contrasting statistics from China on how the coronavirus is spreading. Data was generally upbeat however some are concerned that retail sales were revised nominally lower in December. ...
FRB Chair Powell testifies to Congress about the state of the economy. I am certain he will discuss the coronavirus and its possible implications. Perhaps the safest comment to make is no one knows the outcome and there is not a shortage of...
Minneapolis Fed President Neel Kashkari made comments that’s validated many of yesterday’s remarks stating hedge funds and “other investment vehicles” are the primary reasons for the illiquidity in the repo market. Kashkari further opined one of the greatest risks is ...
Many times, I have commented about liquidity issues and how it relates to the repo market. As widely discussed the Fed is intervening into the “plumbing of the markets” on a daily basis since ...