In the post-crisis era, markets advance on good news/data, but they also advance on the promise of easy money. While supply chain disruptions from the coronavirus are difficult to assess for the time being, the prospect of easy money from central banks around the world has propped up the markets.
Boston Fed President Eric Rosengren recently pointed out some favorable arithmetic could lead to a bump higher in Core PCE over the next several months.
For now, the Democrats are expected to hold the House. That being said, this is expected to be a closer race than the 2018 midterm election.
Today's topics include tracking the coronavirus just became more difficult, managing Chinese debt, oil supply/demand, measuring tech's dominance, dropping out of the Dividend Aristocrats Index, and the odds of a brokered convention.
Day one of Powell's testimony offered two takeaways. First, the Phillips Curve is dead. Second, the Fed intends to support the repo market until at least April.
Sanders has established himself as the undisputed leader for the democrat nomination. Second place, for now, appears to be a brokered convention.
Today's topics include changes to China's official coronavirus count, stock picking with a focus on the coronavirus, credit card debt, OPEC cuts oil demand growth forecasts for sixth time in nine months, the biggest asset managers get bigger in 2019, corporations minimizing their tax bills, feel the Bern, and Michelle Caruso-Cabrera takes on AOC.
As voters go to the polls in New Hampshire, Sanders is expected to win. However, many eyes will be on Biden. Another poor finish could deal a serious blow to his campaign.
Today's topics include the haves and have nots of equity ownership, timing trading volumes, Randall Quarles speaks on the repo market, critiquing the budget deficit forecasts, detailing the euro's problems, hedge funds and alternative data, money continues flowing into bond funds, and proposed selling from the Strategic Petroleum Reserve.