What Bank Swap Dealers Do.. and Why They are Screwed
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Housekeeping: Good Morning.
Remember the Toilet paper panic during Covid?
Now imagine that for Gold…
Today:
* Commentary: Markets
* Premium: Cot swap desks
Equity Recap:
US equities rallied on Friday after Fed Chair Powell signaled rate cuts are coming. Large caps lagged small caps: S&P 500 (+1.15%) vs. Russell 2000 (+3.19%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) rose 1.67% and 1.83% respectively.
Premium Markets:
Bank Swap Dealers and Their Role in the Market
Bank swap dealers play a crucial yet…
The skinny
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