Business

While largely considered among the less relevant of Fed indicators, once one gets beyond the traditional "modest to moderate expansion pace" summary of the economy, the Fed's Beige Book release does in fact contain informative, and oftentimes useful anecdotes about the state of the economy as disclosed to the Federal Reserve. And since the latest, February, beige book comes at a time of major economic overhaul, it contained several particularly notable observations.

Below looks at the Bio-Tech ETF XBI since 2012. The chart reflects that over the past 5-years the S&P had done very well, as it is up 70%. Over the same time frame XBI is up 160%, gaining more than 100% more than the broad markets

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Insanity Prevails In The Stock Market

Posted with permission and written by Dave Kranzler (CLICK HERE FOR ORIGINAL)

Three years ago there was outrage among traders when HFT marketmaker Virtu reported that it had managed to log just one day of trading losses in over 4 years of trading. Many speculated that this was proof that HFTs had managed to effectively rig the market in a way that prevents any trading losses. It now appears that Virtu is not the only one with a near-perfect trading record.

After President Trump's plans for renegotiating NAFTA and building a border wall have monkeyhammered the Mexican Peso to record weakness, it appears Banxico has found a friend to help defend its currency - The Fed.

Bloomberg reports that, according to three people with knowledge of the discussions, Banxico is considering requesting swap line with Fed to ensure liquidity in peso trading should volatility jump.

And The peso is surging...