US equities stormed higher for a fourth day Thursday, bringing gains on the week to more than 7% on the S&P. Donald Trump’s fight to
Day: November 5, 2020
Jerome Powell Got Everything Right – Until Someone Asked About Monetary-Fiscal Nexus
Jerome Powell breezed through an uneventful press conference Thursday, sticking largely to familiar talking points and hitting the right note in answers to key questions.
‘This Only Means One Thing’: Albert Edwards On The US Election
Predictably, Donald Trump sued everyone in sight this week, even before Joe Biden reached the 270 threshold to be declared the winner of the most
Fed Delivers Boilerplate Statement, Reiterates Promises Amid Election Uncertainty
In some respects, the Fed is likely a bit disappointed with the outcome of the US election. Assuming Joe Biden’s lead holds, Jerome Powell will
Loud Noises, Red Headlines, And Dangerous Drivers
If anything was clear after Wednesday (a questionable prospect, to be sure) it was that the market is just fine with the notion of a
Jobless Claims Stuck At Pre-Pandemic Record With No Deus Ex Machina Coming
751,000 Americans filed for unemployment benefits last week, slightly more than expected and unchanged from the previous week’s initial reading, which was revised marginally higher
‘Extraordinary’ Circumstances In UK Can Only Mean One Thing: More QE!
More liquidity. More accommodation. The BOE on Thursday upsized its QE program. That was expected. But the boost (£150 billion) was bigger than the market
The Good Kind Of ‘Weird,’ The Bad Kind Of Message
Global equities surged Thursday, as markets were seemingly thrilled at the prospect of an imminent Joe Biden victory in the US which, when coupled with
