OVERNIGHT REVERSE REPO PROGRAM ARBITRAGE
The best stock market indicator out there... trouble is, you will need to figure out the RRP program
This post will be long. And some of you might find it boring. But I urge you to persevere as I think it’s an important piece.
But before I get to the topic at hand, I’d like to start with a story. A dozen years ago, we were emerging from the Great Financial Crisis. Ben Bernanke’s Federal Reserve was executing a novel new program called Quantitative …