I think the Fed is really pulling back here, and it's showing in SPX.
Anybody have more current/better charts than this?
https://fred.stlouis...rg/series/WALCL
Posted 11 May 2020 - 09:03 PM
I think the Fed is really pulling back here, and it's showing in SPX.
Anybody have more current/better charts than this?
https://fred.stlouis...rg/series/WALCL
Posted 11 May 2020 - 11:41 PM
I think this alludes to the Fed balance sheet, but in a roundabout way ... and with a bet on an asset that goes in and out of favor.
Paul Tudor Jones: “How reasonable is it to expect that in the recovery phase the Fed will be able to deliver an increase in interest rates of a magnitude sufficient to suck back the money it so easily printed during the downswing?” May 7, 2020: Bloomberg Link (click here)
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