ProfitScore Update – November 2021
To the clients and friends of ProfitScore: Our flight-to-quality indicator had been building towards the end of November and went long on the Wednesday before Thanksgiving. This trade can last for a few days or several weeks. It can also chop around depending on the…
World War C: Will Rising U.S. Deficits Steepen The Yield Curve?
Estimated Deficit Spending for 2021 Modern Monetary Theory (MMT) – Version 1.0 The U.S. Dollar Stays Strong Drowning Out The Noise What Opening Up May Look Like The economic toll, as measured by deficit spending, is going to set new records across most modern economies. Even…
World War C Continues: Quick Update On The Fed’s Battle Lines
The long end of the yield curve, as measured by the TLT ETF, experienced a -9.8% intraday peak-to-valley drawdown on Wednesday. The TLT finally bottomed at 2:40 est. This was the exact time of the Fed’s last auction where it began purchasing 30-year US Treasuries. This auction was unscheduled…