Investors Await September 2012 FOMC Meeting and European Reactions To Draghi Bond-Buying Announcement: Investors are anxious to get news from the Fed Reserve Bank on whether they will move forward with another round of easing. After another lackluster month of employment in August 2012, the FOMC has enough ammunition to pull the trigger and…
Shorts Get Dressed In Draghi As Investors Await Invariably Bad August 2012 Non-Farm Payroll Numbers Tomorrow: Shorts were hit hard today as one of the most telegraphed bond buying programs in history was announced today. The details of the new bond-buying program from ECB President Mario Draghi were leaked yesterday yet some traders continue to believe…
September 2012 Mario Draghi, ECB Bond Buying Program Details Leaked: Mario Draghi, the head of the European Central Bank will be buying bonds. The new bond buying scheme will focus on “unlimited purchases of government debt” which will be “sterilized” to mitigate the negative impact of printing money. There will be no public caps on yields,…
Draghi Disappoints At August 2012 ECB Meeting But Market Takes It In Stride: Did Draghi do damage? Mario Draghi talked-the-talk but apparently wasn’t able to walk-the-walk. But on second thought, perhaps he actually accomplished his goal? Monetary policy works best by inference and signaling. The ability for Mario Draghi to make the statement that he…
Stocks Rangebound Ahead Of Fed, ECB, July 2012 Jobs; Case Shiller Home Prices Up 2.2 Percent May: U.S. equities didn’t do much today and traded in a tight range ahead of the ECB meeting, the FOMC meeting and the July 2012 unemployment numbers due out this Friday. Traders are also waiting for data from ADP…
