stocks

Chaos Curve: Stocks And Long Bonds Aren’t Actually Diverging Right Now

In a week replete with chaotic movements and arrangements, a puzzle has emerged. Conventional wisdom says that when stocks tank bonds rally. While the latter takes place regardless of the former, during those times when the NYSE finally pays attention to what might be herding financial agents into safety instruments the bond market typically rallies even harder. It sure did [...]

What Happens When Central Banks Buy Stocks (ETFs)? Well, We Already Know

By Jeffrey P. Snider|2020-03-11T13:03:58-04:00March 11th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Can we please dispense with all notions that monetary policy works? Specifically balance sheet expansion via any scale asset purchase programs. Nowhere has that been more apparent than Japan. Go back and reread all the promised benefits from BoJ’s Big Bang QQE that were confidently written in 2013. The biggest bazooka ever conceived has fallen short in every conceivable way. [...]

Chaos Curve: Stocks And Long Bonds Aren’t Actually Diverging Right Now

What Happens When Central Banks Buy Stocks (ETFs)? Well, We Already Know

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