Today's topics include negative real yields, bank reserves at the Fed, quantifying the economic cost of reduced unemployment assistance, stock seasonality around close elections, the VP sweepstakes, cash bonds vs. CDS, stimulus negotiations & executive order, and fractional trading.
Make no mistake about it, Trump is behind. But his deficit is narrowing. When focusing on the swing states, the race is a lot closer.
Today's topics include an update on unemployment claims, mobility, comparing countries' responses to job losses, the new 60/40 portfolio?, Treasury issuance and Fed purchases, MMT ideals challenge old economic theories, the numbers behind small business loans, gold vs. negative-yielding debt, and the euro.
Despite gold's breakout above $2,000 to new all-time highs, it is not showing signs of speculative excess.
Today's topics include who owns all this gold?, ETFs' stress test, the home as an asset, breaking down banks' earnings, small business layoffs, the road to MMT, concerns over credit card defaults, and overly optimistic economic projections
Today's topics include the Fed's foreign swaps facilities, the Treasury adds $270 billion to its debt projections, alternative data, quantifying the Fed put, currency hedging and foreign demand for U.S. credit, election polls and the stock market, and the latest on stimulus negotiations.
After a huge number of companies reported Q2 earnings this past week, earnings season is roughly two-thirds complete. Beat rates and guidance to the upside are near records. Earnings growth rates are massively outpacing estimates.
The dollar declined 4.15% in July, marking the worst monthly return since September 2010.