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S&P Correction: Here’s What Comes Next
Contrary to what you may be inclined to believe if you conceptualize of stocks as poker chips and in
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If the banks would prefer to buy T from the Fed, instead of borrowing overnight, how does this impact “everything” going forward? It looks like the overnight lending program is about $1.6 T. That is alot of T’s.
I’m definitely expecting to see reals rise at least another 50bps over the next two months and would put the strike price for a Fed put at S&P 4,000 — if only because it’s a nice round number.