Today's topics include Treasury holdings at banks & funds, more on the Fed's new road map, a review of the Treasury market's woes in March, the benefits of being the Fed's custodian, betting on unloved stocks has not paid off this year, the growth of leveraged products, a housing supply shortage, Chinese exports, and stocks breach their 50-day moving average
Today's topics include the Kashkari Explains, Fed's balance sheet, negative earnings & IPOs, protecting jobs vs. people, quadruple witching today, a look at the housing market, FANG stocks take a hit, the difficulty in increasing rare earths production, more on the Fed's unused facilities, and arguing for and against Milton Friedman
As expected, the Fed's Summary of Economic Projections forecasts rates will be stuck at zero through 2023.
The Fed's efforts to calm the markets the past few months expanded their balance sheet substantially. They now hold more Treasuries than all other central banks combined.
Today's topics include PE leverage, From retail to whale, US-China foreign direct investments, volatility strategies, investors on low rates, quality vs. quantity in the job market, the other question on Chinese currency, using Google search trends, further uncertainty in England, more oil production cuts on the horizon?, and turning off the printing press
Today's topics include OECD calls for targeted stimulus, measuring inflation, today's FOMC meeting, the MBS market, congress continues battling over stimulus bill, prime money market funds, pensions may be sellers as quarter ends, and Judy Shelton still struggling to get necessary votes
It seems nothing moves the bond market anymore. Thank the Fed's massive QE purchases for suppressing interest rates and encouraging investors to reach for riskier alternatives.
Today's topics include equity mutual fund & ETF flows, 144A issuance, the retail crowd's growing presence in the options market, Mnuchin on the deficit, a deep dive on real yields, alternative data, the BIS examines March's liquidity issues, the FOMC meeting & inflation targeting, comparing ECB purchases to government issuance, and the Fed's Main Street Lending program.