The Celeri Journal #107: Fed-Speak; Interpreted

The Celeri Journal #107: Fed-Speak; Interpreted

Global Markets Recap Since I’m conversant in “Fed-speak”, I probably owe it to you to translate & decipher prepared remarks by Federal Reserve chair Jay Powell. Sidenote: since when did the Fed start doing Monday press confabs. Stay focused,...
The Celeri Journal #106: Fed Bond Buying

The Celeri Journal #106: Fed Bond Buying

Global Markets Recap The Federal Reserve disclosed the list of 794 companies whose corporate bonds they bought including Apple, Verizon, Toyota (the U.S. division), and drugmaker AbbVie. Central bank skeptics – of which there are many – will ask: do FANG...
The Celeri Journal #104: Look Who’s Back

The Celeri Journal #104: Look Who’s Back

Global Markets Recap Suddenly, we’re where we started as infection rates are soaring, hospital beds are vanishing, local economies are closing & stocks are falling. Among some of the worst theories advanced in 2020 is the notion heat kills COVID-19. The data...
The Celeri Journal #103: The Great Lending Paradox

The Celeri Journal #103: The Great Lending Paradox

Global Markets Recap The Wall Street Journal unveiled a somber report about the slowdown in corporate lending brought on by lingering effects of coronavirus. “One reason investors believe collateralized loan obligations (CLOs) are safer than the loans they hold...
The Celeri Journal #102: Oil, Everywhere

The Celeri Journal #102: Oil, Everywhere

Global Markets Recap Of all the relatively crazy moves we’ve seen in financial markets this year – hello, stocks – perhaps no swings have been more mercurial than those in energy. Only a few weeks back, front-month WTI crude traded negative $12....