In a report that explains the recent market volatility as having nothing to do with Trump-induced nausea and everything to do with the Fed, BofA’s Michael Hartnett moves away from listing the latest tactical and cyclical market drivers which we covered
April 9, 2018
The ultimate dream of the cryptocurrency enthusiasts is for money to become decentralized and essentially removed from the hands of banks and Central Banks who can “manipulate” it for their own benefit. This is a nice thought, but most of it
The Technical Confluences Indicator, shows that the EUR/USD is approaching a resistance area where many critical technical levels converge. The $1.2325 level is where the SMA100-4h, the SMA200-4h, the Bolinger Band 1 day Middle (Stdv 2.2), BB 1h-upper, Pivot Point one-day Resistance
Powell took a measured approach in his first speech as Fed chair as he gave reasons why the Fed shouldn’t hike too quickly and why the Fed shouldn’t hike too slowly. This is a slow hike cycle overall, but he
Stocks opened higher on Monday after officials in President Donald Trump’s administration downplayed the potential impact of any looming trade war between the U.S. and China. The morning’s biggest winners were tech stocks, with the so-called “FANG” group—Facebook FB, Amazon AMZN, Netflix NFLX,
Talking Points: There are only two data prints truly worth paying attention to this week, Chinese and US CPI for March. A lighter calendar means focus will remain on the news wire and trade tensions between the world’s largest two
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present,
The Congressional Budget Office has hit President Trump with a double whammy in its latest report, calculating that the U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases will do little
Do you want to lend your hard-earned money to the US government? In exchange for the high, high interest rate of 2.8%? It’s a most generous deal, even though the Federal Reserve is committed to dollar devaluation at the rate
Were trade wars inevitable? The answer is yes, due to the imbalances and distortions generated by financialization and central bank stimulus. Let’s stipulate right off the bat that trade is not necessarily win-win–the winners (corporations, financiers and the financial sector)
