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By OpenMarkets Jack Bouroudjian explains two factors that are driving the market as we head into Q4: Equity indexes moving to new highs, and the overnight need for cash that is driving the repurchase (repo) rate market . Original Post Editor's Note: The summary bullets for th...
Last week’s enormous spike in overnight lending rates that briefly took the federal funds rate above the Federal Reserve’s upper boundary of 2.25% has put all eyes on an area of finance that almost nobody ever pays attention to. Nobody wants to know what’s going on in the ...
A couple of years ago, I wrote an article discussing the disconnect between the markets and the economy. At that time, the Fed was early into its rate hiking campaign. Talks of tax cuts from a newly elected President filled headlines, corporate earnings were growing, and there was a slew of ...
The S&P 500 (Index: SPX ) didn't implode during the third week of September 2019, as the results of the drone and missile attacks on Saudi Arabia's oil fields proved to be less disruptive to global oil supplies than initially feared. At the same time, the potential for an immediate escala...
In this article, I will update my market outlook and tell you how I am positioned. For the first time ever, I started a significant long-term position I am planning on adding to on a regular basis. Other than that, we are in for a few very interesting months ahead as the economy has to deliver...
By Ansh Chaudhary As the Federal Reserve finishes its two-day policy meeting on Wednesday (Sept. 18), investors are gearing up for an expected rate cut. Meanwhile, the New York Federal Reserve had to act promptly on Tuesday to inject liquidity into the overnight lending market. As intere...
Here are some things I think I am thinking about: 1.2.3. The Great Repo "Crisis" of 2019. If you've opened the financial section of the newspaper in recent days then you've probably been blasted in the face with lots of confusing jargon about a liquidity "crisis" in the repo market. This s...
As the S&P 500 has come within half a percent of its all-time highs on Thursday, sentiment has continued to lean more positive. AAII 's weekly investor sentiment survey for the past week showed 35.34% of respondents reporting as bullish. That is up from 33.13% last week and is the third...
By Liz Ann Sonders As expected, the Federal Open Market Committee (FOMC) cut the Fed Funds rate by 25 basis points to a target range of 1.75-2.00%, which was the second rate cut this year. The Fed maintained its pledge to "act as appropriate to sustain the expansion." There were three diss...
The BCI, at 257.3, is up from last week's downward revised 257.0, and remains below the previous high of this business cycle indicated by the BCIp of 91.9. However, the 6-month smoothed annualized growth BCIg, at 9.9, is below last week’s 10.2. Both BCIp and BCIg are not signaling a rec...