Liquidity Trader Pro Complete

Reports on the Fed and Treasury, primary dealers, foreign central banks, money market and mutual fund flows, and other factors that affect market liquidity. Includes all reports from Federal Revenues Pro Trader, Macroliquidity Pro Trader, and Treasury Supply and Demand Pro Trader. Click here to subscribe. Subscribers, click the post headline to access reports.

Macro Liquidity Time Bomb Ticks Toward Zero

US macro liquidity has grown slowly over the past year.  Meanwhile, stock price inflation has surged, setting up a large divergence versus liquidity. It suggests that the market has become overextended due to excessive bullish sentiment. This is the mirror image of the oversold reading in February 2016. The difference today is that the Fed…

Fed Gets Real With the Boa Constrictor Approach to Tightening

This is a special report for all subscribers to Macro Liquidity, Federal Revenues and Treasury Pro Trader subscribers.  Back on April 18, I wrote: By late this year the Fed may have begun to implement its proposed policy of “normalizing” the balance sheet. That’s a nice way of saying “shrinking” the balance sheet. To do…