We know!!!
Apr. 12th, 2020 05:38 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ny_quantWe know the next move by Powell (where's that neutral rate again?) will be to buy the SPX, question is why he isn't adding WTI contracts to the balance sheet? Easier than relying on the Saudis and Russians.
— David Rosenberg (@EconguyRosie) April 9, 2020
The Fed is going to be buying HY bonds! In addition now to the muni market and investment grade. Equities come next, I am sure. The Fed has followed the ECB, which had already followed the BoJ. As Powell’s picture goes on the hundred dollar bill, gold is going a lot higher.
— David Rosenberg (@EconguyRosie) April 9, 2020
