As the FED prepares to meet virtually, the Mechanisms of Monetary Policy are breaking down
by Larry Hatheway and Alex Friedman The S&P500 reached all-time highs last week. Yet the market’s recent peak will prove ephemeral if not supported by stronger foundations. The Federal Reserve will hold its annual Jackson Hole conference this week, albeit virtually. That’s a shame, because the absence of the Tetons removes a reminder that the […]
Convalescent Plasma: Covid-19 vaccine boost investor sentiment, Wall Street Rally
Investors were encouraged by an emergency authorization on Sunday by President Donald Trump to use convalescent plasma to treat Covid-19 patients. Trump was formally nominated on Monday for a second term in the White House in the Republican National Convention. The FDA determined that it is reasonable to believe that COVID-19 convalescent plasma may be effective […]