Today's topics include balance sheet reductions, the Fed's more dovish tone, the Fed put, the odds of a recession, another weak survey, shadow banking, the correlation between stocks and bonds, 100 consecutive months of payroll growth, Brexit and junk bond sales.
Since crude oil is such an integral part of inflation expectations and Fed policy, maybe Trump should consider Continental Resources Chairman Harold Hamm for a Fed Governor seat.
In an odd twist, many federal employees furloughed due to the government shutdown were considered employed by the establishment survey and unemployed by the household survey.
Fund flows through December 2018.
A look at total returns through January 2019.
Today's topics include the Federal Reserve, record mutual fund and ETF outflows, why contrarians love this market, U.S. crude oil production, Italy's economy, China, raising your own rates, Deutsche bank disappoints and Brexit.
The Fed gave the market what it wanted by suggesting the rate hike cycle is over and that they are open to adjusting the balance sheet's reductions.
FOMC statements continue to get shorter and easier to understand. According to the Flesch-Kincaid grade level test, readers don't even need a high school diploma to understand yesterday's statement.
Today's topics include the Powell put, the Treasury's quarterly refunding statement, crude oil bottlenecks, central bank purchases of gold, ranking corrupt governments and hedge funds' exposure to stocks.