The Fed’s Secret Interest Rate Risk

quantitative tightening is taking all assets lower

The Fed’s balance sheet is the key to market liquidity and performance. When it shrinks, the market and liquidity decline; when it expands, the opposite happens. So while the pandemic ushered in the greatest experiment of quantitative easing or QE in world history, we are now in a world of quantitative tightening or QT – […]

Read More…

King Dollar Standing Tall Amidst U.S. Treasuries Liquidation

U.S. dollar remains strong

The U.S. Dollar Index is back above 100 despite gold continuing to trade firmly above $1,700 per ounce. Despite all the calls for the dollar to collapse amidst trillions in monetary stimulus it is standing tall. A more ominous sign for the dollar can be found in the declining number of official foreign holdings of […]

Read More…