Euro Central Bank Making Fed Mistake
Hey There Income Hunter, Cristine Lagard, the European Central Bank president, must have had dinner with Jay Powell on Wednesday night … Lagard was like a bear that just came out of hibernation yesterday during the ECB meeting prepared remarks, which included blaming Putin for both weaker growth forecasts and higher inflation outlooks. (Yes the […]
Biden Ponying up for Uranium
Hey There Income Hunter, It’s about time President Biden put his money where his mouth is … Pounding the table about green energy is one thing, but actually investing in it is another and Joe is planning to buy $4.3 billion of enriched uranium from US producers – yes, US producers And that’s not all. […]
Biden Lifting Tariffs on Solar
Hey There Income Hunter, Biden declared a 24-month tariff exemption on Monday for solar panels from four Asian nations. So, my initial thought was that this is a positive for foreign policy, but then I read that the move is a victory for the Asian solar panel installers at the expense of U.S. solar panel […]
Beware of the Quiet Market
Hey There Income Hunter, Wll, the week got off to a good start with the S&P 400 up about 1% and possibilities of reaching the 4,200 level … Then, all of sudden, the iShares 25+ Maturity Treasury Bond ETF (TLT) dropped like a stone from $116 down to $114 – and stock indexes followed that […]
In The Know
Hey There Income Hunter, Sometimes it’s hard to know what to believe – whether it’s in the Ukraine/Russia conflict, the Johnny Depp/Amber Heard trial or, of course, the market. While we’re not privy to classified military briefings and (thank goodness) not sharing a bed or megapint with Ms. Heard, we do have something that will […]
Solar Is the NOW Play
Hey There Income Hunter, Solar is heating up again and the probability is rising that Congress will throw money at it. In May, the Department of Interior said last month it was on track to approve 48 wind, solar and geothermal energy projects. These projects will have the capacity to produce enough electricity to power […]
GS and JPM Flip is Powell Next?
Hey There Income Hunter, Two of the most influential bank CEOs changed their tune on the US economy this week. It was like they went from singing “I’m a Believer” by the Monkees to Geography’s “Eve of Destruction.” JP Morgan CEO Jamie Dimon was first on Wednesday morning … Dimon was talking […]
Who Will QT Hurt the Most?
Hey There Income Hunter, Welcome to the second coming of the Federal Reserve’s quantitative tightening cycle! Here is the lowdown on how QT will work: The first phase of the cycle will last three months, with the Fed removing $47.5 billion a month, including $30 billion in Treasuries and $17.5 billion mortgage […]
The Fed’s QT Starts Today
Hey There Income Hunter, Today, June 1, is the start of the Fed’s quantitative tightening (QT). The chart below shows the past year’s trend in the balance sheet … But mark my words, nine months to a year from now, the April peak will be shattered and QE will thrive once again. […]
Buy/Sell This Week
Hey There Income Hunter, Well, the Fed did it again. Sensing a vulnerable market early last week, it had the most hawkish Fed president James Bullard, of St. Louis, talk up 2023 rate cuts instead of the coming hikes. That, along with a little help from a VIX expiration that forced dealer short covering, sent […]