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Asia Morning Bites For Thursday, March 21

Asia Morning Bites For Thursday, March 21

Image Source: UnsplashGlobal Macro and Markets Global Markets: The FOMC decision delivered just enough dovishness for the Treasury market to rally. 2Y US Treasury yields are down 8.1 basis points overnight, while their 10Y counterparts are down just 2bp to 4.273%. US equities also liked the delivery by Fed Chair Powell, and the S&P500 rose 0.89% and […]
US Fed Keeps Interest Rates Unchanged, But Sees Three Cuts In 2024

US Fed Keeps Interest Rates Unchanged, But Sees Three Cuts In 2024

Image Source: Pexels US Fed kept interest rates unchanged at 5.25% to 5.5%. Despite this decision, the Fed signalled its anticipation of cutting rates three times within the year. US Fed chair suggested that the central bank may initiate rate cuts in the near future Following a two-day meeting, the US Federal Reserve on Wednesday announced […]
AUD/USD Climbs After Fed’s Decision, Ahead Of Aussie’s Job Data

AUD/USD Climbs After Fed’s Decision, Ahead Of Aussie’s Job Data

Image Source: Unsplash AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal […]
A Market Failure Case For Place-Based Policy

A Market Failure Case For Place-Based Policy

Image Source: Pixabay Economists have traditionally focused on policies aimed directly at low-income people, rather than at low-income places. For example, programs like welfare payments, food stamps, Medicaid, and Supplemental Security Income are based on individuals. But there has been a push in the last few years for consideration of “place-based policies,” which focus on different […]
Financial Markets Report For Wednesday, March 20

Financial Markets Report For Wednesday, March 20

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, March 20.Video Length: 00:10:37More By This Author:SPDR ETF Report For Tuesday, March 19 Metals Report For Tuesday, March 19 Financial Markets Report For Tuesday, March 19
Just What Dr Markets Ordered: An Uneventful FOMC

Just What Dr Markets Ordered: An Uneventful FOMC

Image Source: Pixabay In milestone-setting fashion, the S&P 500 surged past the 5,200 mark on speculation that the conclusion of the most aggressive Federal Reserve hiking cycle in a generation will continue to bolster Corporate America’s Profit Margin. Notably, the gains were widespread, with laggards in catch-up mode as traders now perceive higher chances of an […]
Energy ETFs Hit New 52-Week High On Oil Price Surge

Energy ETFs Hit New 52-Week High On Oil Price Surge

Image Source: PixabayOil prices have been on a spike in recent weeks on concerns over Russian supply following increased Ukrainian drone strikes. Both Brent crude and West Texas Intermediate hit four-and-a-half-month. Additionally, lower crude exports from Saudi Arabia and Iraq, along with signs of stronger demand in China and the United States, led to the strength.The […]
Nasdaq 100 And S&P 500 – Elliott Wave Analysis

Nasdaq 100 And S&P 500 – Elliott Wave Analysis

Image Source: Unsplash I readjusted the labeling for both the NQ and ES as I decided not to be a rebel without a cause and label the 4th waves as triangles with an ongoing diagonal triangle — just too rare and not likely –so I cleaned up my count and then waited for the Fed decision which […]
Sweetgreen: A Good Long Idea

Sweetgreen: A Good Long Idea

Image Source: UnsplashI’ve mentioned Sweetgreen (SG) (a place I eat at once a week, minimum) as a good long idea. This one keeps powering higher!More By This Author:FOMC And The SPYFib-Friendly TeslaImportant Semi Failure
Stocks Trade Higher As Implied Volatility Melts, As Expected

Stocks Trade Higher As Implied Volatility Melts, As Expected

At this point, one must wonder what the Fed is trying to pull off, and it isn’t entirely clear to me. It seems like the Fed is taking a big gamble here on inflation hotter than not. That isn’t my opinion; that’s the bond market’s opinion based on things like inflation swaps and breakevens. The […]