The composite liquidity indicator edged lower on the latest weekly data as component measures headed in different directions.
Money and The Fed
Macro Liquidity Still On Trend
by Lee Adler •
Money and The Fed
Reports on the Fed and Treasury, primary dealers, foreign central banks, money market and mutual fund flows, and other factors that affect market liquidity
Money and The Fed
Treasury Yields Pull Back While Dollar Consolidates
by Lee Adler •
The 10 year Treasury yield has pulled back, keeping the downtrend intact, and the US dollar index continues to consolidate after a massive rise. Here’s what’s likely to come next.
Money and The Fed
Treasury Does Massive Spend Down, Boosting Markets
by Lee Adler •
The Treasury suddenly spent down the massive cash hoard it had built up since last October.This is an issue that no one else has been covering, and about which no one cares. So they don’t get the implications.
Money and The Fed
Why Her Codependency Problem Makes Mother Janet Back Away
by Lee Adler •
In today’s Senate testimony, Mother Janet backtracked from hinting at ending 6 years of bottle feeding the US economy. That’s because she has a codependency problem.
Money and The Fed
Endless Liquidity
by Lee Adler •
The macro liquidity trend that drives markets remains, amazingly, on the same track it has been on for the past two years, with no sign of an end in sight. What does that mean for US markets?
Money and The Fed
The Great Unknown – What Happens When ECB Starts Printing In March
by Lee Adler •
Last week’s summary commentary continues to apply. The market faces heavy Treasury supply with no help from the Fed at the turn of the month, but then the help it gets from the Fed at mid month from the Fed’s MBS purchase settlements will be augmented by the ECB beginning its purchases. To what extent…
Money and The Fed
Fed’s Tactical Tools For Raising Rates Are Sign of Peak Delusions
by Lee Adler •
I continue to have my doubts that the Fed will be able to materially influence money market rates where there’s $2.7 trillion in excess cash sloshing around in US banks. The Fed has a notion that when it increases the interest rate it pays the banks, thereby increasing their cash flow and profits and lowering…
Money and The Fed
Dollar Consolidates, Bond Yields Explode
by Lee Adler •
The 10 year Treasury yield has broken out of a downtrend and the US dollar index is consolidating after a massive rise. Here’s what to look for next.
Money and The Fed
Treasury Builds War Chest As Blockbuster Tax Collections Continue
by Lee Adler •
The Federal Government’s withholding tax collections remained extremely strong last week with the highest annual growth rate since last September.
Money and The Fed
Global Macro Liquidity Still Rising, Still Bullish for US Stocks
by Lee Adler •
The composite liquidity indicator was level on the latest weekly data, holding near the latest new high and keeping the trend amazingly on much the same straight line it has been on for the past year. US stock prices have tracked this line.
