According to its March 31, 2020 SEC filing, it has a stunning $280.6 billion in stocks but exactly which stocks it owns is such a super secret that the information table (like the one filed with transparency by the Swiss National Bank and linked in the above paragraph) is filed confidentially with the SEC. Weekly Market Outlook. Stay Safe and Best Wishes for your trading, Your email address will not be published. We use cookies to ensure that we give you the best experience on our website. dollar liquidity arrangements (swap lines) with the Reserve Bank of Australia, the Banco Central do Brasil, the Danmarks Nationalbank (Denmark), the Bank of Korea, the Banco de Mexico, the Norges Bank (Norway), the Reserve Bank of New Zealand, the Monetary Authority of Singapore, and the Sveriges Riksbank (Sweden).”. The Fed’s Commercial Paper Funding Facility stands at $3.9 billion. Before the month of February was over, Powell had spoken to, or met with, the heads of 14 different foreign central banks. Precious Metals: The Answer To The New World Monetary Order? The Swiss National Bank (central bank of Switzerland) has $10 billion of the Fed’s U.S. dollar swap lines. Two weeks after the last phone calls were made in February, the Fed sprang into action. spends her free time reading, cooking, and exploring the great outdoors. Wells Fargo Warns To Brace For Market Turbulence, China Campaigns To Prevent Chaos On Web Browsers, The Zombification Of Advanced Economies Will Continue, China Publishes Draft Law To Legalise Digital Yuan, Fractional-Reserve Banking Is Important, And Dangerous, On October 18th, An Event of Unprecedented Magnitude May Destroy Your Wealth Forever. If you require investment advice, please contact your investment adviser or our affiliated registered investment adviser MarketGauge Asset Management, LLC, at mgamllc.com. Supply disruptions plague the gold market as the demand for physical gold has skyrocketed. Some critics believe any intervention on the part of the government constitutes interference, and that markets should be allowed to self-correct during periods of volatility. In actuality, the team is barred from market manipulation, just like investors, and it is primarily concerned with decision and policy-making rather than active intervention in ongoing market problems. It’s the carefully calculated disbursement of those swap lines to foreign central banks that are already propping up the stock market through the purchase of stocks and corporate bonds. COMMENT: It looks like the Plunge Protection Team had a field day with the 1,000 rally in the Dow. We urge you to take every precaution to protect your personal data when you are on the Internet. If not, please call your Senators and House Rep on Monday and demand investigations and hearings. The Fed’s Global Plunge Protection Team Last Updated: May 11, 2020 / John Galt Editors Note: If you think it is the job of the U.S. central bank, the Federal Reserve, to prop up the U.S. stock market, of which most is owned by the richest 10 % of Americans, then you’ll be happy with this report Some interesting chats with my brothers on WhatsApp overnight: Korea in lockdown, parts of … Its Primary Dealer Credit Facility (PDCF) loans (where it is accepting stocks and Wall Street toxic waste known as CDOs and CLOs as collateral from the trading houses on Wall Street in return for ¼-percent interest loans) stands at $14.9 billion. If you think it is the job of the U.S. central bank, the Federal Reserve, to prop up the U.S. stock market, 85 percent of which is owned by the richest 10 percent of Americans, then you’ll be happy with this report. That didn’t prevent a dramatic wipeout in the stock market and U.S. economy. Originally posted by Pam Martens and Russ Martens on Wall Street on Parade. Plunge protection team Paging the PPT. Wikibuy Review: A Free Tool That Saves You Time and Money, 15 Creative Ways to Save Money That Actually Work. Bank Failures in 2020's Latest Victim - Who's Next? US stock indexes Market’s bounced up around +11% with a little help from the Fed and a touch of emergency funding from Capitol Hill ($2 trillion). This protects the confidentiality of your personal information while it is transmitted over the Internet. Its Discount Window loans stand at $26.5 billion. © 2020 GSI Exchange - All Rights Reserved. That is the largest of the Fed’s emergency programs by a factor of more than two to one. All articles are provided as a third party analysis and do not necessarily reflect the explicit views of GSI Exchange and should not be construed as financial advice. Updated February 22, 2020 PLUNGE PROTECTION TEAM WORKING OVERTIME Video … by harvey organ, harvey organ blog: plunge protection team called into today to drive the dow higher: dow rises by 1167 points//nasdaq up 393 pts/ gold down $14.95 to $1660.55//silver down 10 cents to $16.96//italy stops all citizens from leaving and arriving into their country//more coronavirus stories//swamp storie Mary has a liberal arts degree from Goddard College and According to its most recent filing with the Securities and Exchange Commission for the period ending March 31, 2020, the Swiss National Bank holds $94.2 billion in stocks, including billions of dollars in U.S. tech stocks like Amazon, Alphabet (parent of Google), Facebook, and Microsoft. Editors Note: If you think it is the job of the U.S. central bank, the Federal Reserve, to prop up the U.S. stock market, of which most is owned by the richest 10 % of Americans, then you’ll be happy with this report. Regardless, the chances are likely that this week was the expected technical bounce and we will see new lows. Required fields are marked *. The group was formed in response to catastrophic volatility in 1987, including the infamous Black Monday crash that occurred in October 1987, sending markets in the United States into a tailspin. The Paycheck Protection Program Liquidity Facility, where it buys the small business loans the banks have made (that were already guaranteed by the Small Business Administration) stands at $29.1 billion. Others support the use of sound, conservative measures designed to stabilize the market, including the use of regulations to prevent abuses of the market. 2020 Gem/BU, Gold Canadian Bear, Fox & Falcon Gem/BU 3-Piece Set, JPM Pushes Digital Coin And Creates Onyx For Future Blockchain Projects, BofA Resumes Business As Usual - Stops Supplemental Pandemic Pay, Mobius Warns, Potential Double Top In The S&P 500, Gold to Silver Relationship (Infographic), , Precious Metals Automated Product Pricing. Conspiracy theories swirl around these groups, as some people claim that they interfere in markets and engage in activities like price fixing. Americans Frantically Buying Military Supplies Before the Election, where it is accepting stocks and Wall Street toxic waste, the legality of those programs are still being debated, ← Mnuchin says he's comfortable spending $3 trillion because Treasury can lock in very low rates, A 6.4 Million Discrepancy Between Employment and Unemployment →, Silver Canadian Bull 1-1/2 oz. The second largest U.S. dollar swap line is with the European Central Bank (ECB), at $143.7 billion. US-China Cold War: Coming Soon To Financial Markets? Ever since she began contributing to the site several years ago, Mary has embraced the It seemed sadistic to average folks. They meet to discuss potential scenarios such as sudden plunges in the value of the stock market to determine the most appropriate responses to these events. The Dow Jones Industrial Average rallied 455 points by the closing bell on Friday. Notice: Markets are extremely volatile and volume is very high. Risk Gauges went more negative as utilities outperformed the SPY, Credit Markets stabilized but it’s still hard to find bids on a lot of corporate debt, Market Internals and Market Sentiment are overbought short term, Volatility (VXX) is holding its bullish market phase despite the 11% rally off the lows, Leading sectors continue to be Semis and Biotech, Gold recovered nicely after the Fed stepped in to stabilize the markets. This week’s takeaway is the Plunge Protection Team efforts to prop up the markets worked (for the moment) while virus containment efforts not so much. Back in the 70s I read a small article near the back page of the WSJ that said that the CIA was using two small obscure banks in the Midwest to trade futures. Plunge Protection Team Working Overtime. Equally curious, it wasn’t just the biggest players that Powell spoke to, like Christine Lagarde, President of the European Central Bank (ECB); Haruhiko Kuroda, Governor of the Bank of Japan; Mark Carney, then Governor of the Bank of England; and Yi Gang, Governor of The People’s Bank of China. US stock indexes Market’s bounced up around +11% with a little help from the Fed and a touch of emergency funding from Capitol Hill ($2 trillion). During periods of economic volatility, suspicious investors and other people active on the market may blame the Plunge Protection Team for adverse market events or claim that sudden upticks in the market were caused by secret market manipulations on the part of the team. The price of Oil got hit hard which is logical considering the use of energy has plummeted during the worldwide quarantine amid a price war that was already underway. It was not because the stock market had anticipated worse or that the market was rallying because it thought the worst of the economic fallout was behind us. Next week we will be re-balancing our NASDQ All Stars portfolio which is having a very strong year especially the active version despite the volatility. The Collapse Of The Dollar Is A Big Problem For Russia, Understanding Gold IRAs And How They Work, Brace For Monetary Reset? Meanwhile, the virus’s infection rate continues to explode, with NYC the epicenter. Many other nations have similar groups and they may also be known as Plunge Protection Teams after the term was popularized by the Washington Post in the late 1990s. According to the Fed’s breakdown of its swap outlays which currently total $444.89 billion, the lion’s share of $219.8 billion is with the Bank of Japan. Within the first half hour of trading, the Dow was up more than 300 points. Concerned about economic stability and consumer confidence, the president determined the need for a working group to discuss ways to keep the market stable and to develop plans for reacting to emerging market problems. A New Gold Standard Is Coming, Silver Is Lining Up To Be The Next Bitcoin, BlackRock Shorting The Dollar For Asian Currencies, 2021 Will Be A Pivotal Year of Mass Bankruptcy. Please contact us with any question you have regarding this or any other issue concerning your privacy with this website. The Working Group on Financial Markets was established in 1988 by executive order from President Ronald Reagan. You can, There Is A Difference Between Gold And The Gold Standard. Will Fed Use Digital Dollars To Push Universal Basic Income? What's the Difference Between Money Supply And Liquidity? It was because the one emergency funding facility that the Federal Reserve has quietly ramped up more than any other, its Foreign Central Bank Liquidity Swap Lines, was working its magic on Friday. Your privacy is assured: This website safeguards the security of the data you send us with physical, electronic, and managerial procedures. On March 16, the Bank of Japan announced that it would be dramatically increasing those asset purchases. The president's Working Group on Financial Markets is known colloquially as the "Plunge Protection Team." This website uses industry-standard Secure Sockets Layer (SSL) encryption on all web pages where personal information is required. Beginning on February 3, Powell started dialing the head of one central bank after another. Gold continues to lead equities and at its highest levels on a relative basis to stocks since 2016. Save my name, email, and website in this browser for the next time I comment.

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