The TBAC has forecast $390 billion in cash at year end. With the 10 day average balance now at $400 billion it implies that there will be no additional cash pulled from the market for the remainder of the year. However, if the Obama Gang wants to go out with a bang, they could spend much of the money before Inauguration Day, leaving Donald Demento holding the bag.
If the Chicago Mob hands the cash over to the New York Don, the big question is what happens when Trump takes office. If he chooses to immediately spend $300 billion in cash from this contingency fund, we could see an epic blowoff in stock prices and in the economy. That would be a one shot deal that would leave a vacuum that should mark the top of the market, and could lead to a crash.
There’s a lot more to this story covered in this report, including our monthly review of real time tax collection data and what it tells us about the US economy.
You won’t find this data analyzed anywhere else. Federal Revenues Pro Trader subscribers (or Professional Edition), click here to download complete report in pdf format including clear analysis of the data and historical charts depicting the trend.
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