(BLOG) Week in Pictures: Sep 28, 2020

The Fed would like to see higher inflation. But wanting it more is not a policy. Other than “lower for longer” and more QE, it needs help from fiscal policy and from changes in global trends that are out of its control. This week saw further capitulation of inflation-sensitive assets, such as stocks and precious metals. Election jitters are growing and the market will have a hard time developing a strong trend in either direction before the results are known, which may not be on Nov 3rd.

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(BLOG) Week in Pictures: Sept. 8, 2020

Here is the latest Week in PIctures, covering the recent equity run-up to the highs and the subsequent hiccup. Last week saw the first wound inflicted in the lop-sided battle between valuations and liquidity. What’s next? 1.    Mixed Picture in Unemployment Data 2.    Reversal in Market Euphoria 3.    Liquidity Everywhere 4.    Equal Weight Indices Lag Market Cap Weight 5.    S&P …

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