More
The Markets Think Better Times Are Ahead Financial markets remain ebullient as they make all-time new highs coming into the holiday season and year-end. Optimism around the rollout of the COVID-19 vaccine has fueled great expectations around a strong cyclical recovery. At the Federal Reserve’s final meeting of 2020, Jerome Powell made it clear that […]
[Reuters] Congress works through the weekend to finalize COVID aid package [CNBC] Pain, despair and poverty reach fever pitch for unemployed workers [Reuters] Fed sees ‘strong capital levels’ at banks after stress tests, greenlights share buybacks [AP] Pompeo says Russia ‘pretty clearly’ behind cyberattack on US [Reuters] Explainer-U.S. government hack: espionage or act of war? […]
Federal Reserve Assets surged $120 billion last week to a record $7.363 TN. Fed Assets inflated $3.593 TN, or 95%, over the past 66 weeks. M2 “money” supply surged $228 billion in this week’s report to a record $19.226 TN – with a 66-week gain of $4.255 TN (28%). Overheated markets have become wholly enchanted […]
[Yahoo/Bloomberg] Stocks Steady After S&P Record; Dollar Rebounds: Markets Wrap [AP] Global stock markets edge up on US stimulus hopes [Yahoo/Bloomberg] Oil Near Highest Level Since February With Bumper Rally Pausing [Reuters] U.S. current account widens sharply in third quarter [Reuters] U.S. Congress scrambles to agree on COVID-19 relief deal as shutdown deadline looms [CNBC] […]
Gold moves up, the dollar falls, and the Fed refuse to change course as we recap the FOMC from this week alongside the price movements of gold, silver, platinum, the US dollar index, and more. Thanks for listening, if you enjoy be sure to subscribe to our YouTube channel for weekly precious metals price updates […]
[Yahoo/Bloomberg] Stocks Rise With Weak Data Fueling Aid-Deal Bets: Markets Wrap [Reuters] Stimulus hopes boost stocks to record; bitcoin soars [Reuters] Dollar gets global beating as stimulus, Brexit boost risk appetite [Yahoo/Bloomberg] Gold Bulls Take Heart From the Fed’s Resolve as Dollar Softens [AP] Close but not yet: Deal near on COVID-19 economic aid bill […]
[Reuters] Stocks hit record highs on vaccine, stimulus, Brexit deal hopes [Yahoo/Bloomberg] Pound, Euro Rise to Multi-Year Highs on Brexit Hope, Weak Dollar [CNBC] U.S. retail sales decrease more than expected in November [CNBC] McConnell and Schumer say they hope to strike a Covid aid, funding deal ‘soon’ after leaders meet [Reuters] U.S. Congressional leaders […]
Old pilots, bold pilots… no old bold pilots How long can the Fed be the buyer of last resort? Q&A program in next few weeks – submit questions to [email protected]
