The Primary Dealers are in trouble, demonstrably worse trouble than they were in just before the September 2008 stock market crash. Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction…
Liquidity Trader Complete
Reports on the Fed and Treasury, Primary Dealers, real time Federal tax collections, foreign central banks, US banking system, European banking system, and other factors that affect market liquidity. Resulting market strategy recommendations. Includes all reports from Federal Revenues Pro Trader, Macroliquidity Pro Trader, and Treasury Supply and Demand Pro Trader. 8 reports each month. Click here to subscribe. Subscribers, click the post headline to access reports.
Liquidity Trader - Macro Liquidity- Fed and Banking, Must Read
Show Me The Money, The Big Money, Before You Talk Bull
by Lee Adler •
Just because the Fed uttered a few comforting words to the market doesn’t mean that we are out of the woods. Talk is cheap. Money…
Liquidity Trader - US Government Revenues, Liquidity Trader Complete, US Federal Revenues Investor Monthly
January Tax Collections Make You Wonder Why Fed Panicked – Correction
by Lee Adler •
CORRECTION: This morning I noticed an error in my reporting of the Federal Excise Tax collections in January. The error was borderline material relative to excise taxes. The annual growth rate was positive, and at the same rate as in December, but not at the rate I originally reported. The original chart as posted was correct.…
Liquidity Trader - US Treasury Market Trend Supply and Demand, Liquidity Trader Complete
Fed Chairman Chamberlain Appeases Wall Street To Gain Peace in Our Time
by Lee Adler •
You’re probably dying to know what I think about the FOMC statement and Chairman Pow’s press conference today. OK, maybe not, but this report will tell you why you should not be misled by what went down today. Just as with Neville Chamberlain, this apparent abject surrender to Trump and Wall Street’s threats does not mean…
Liquidity Trader - US Treasury Market Trend Supply and Demand, Liquidity Trader Complete
Party Over – To Print Or Not To Print, That Is the Question Now
by Lee Adler •
Thanks to the government shutdown (GSD) the Treasury had a few extra shekels lying around this month, and it used those to pay down T-bills. That cash flowed back into the accounts of dealers and investors who held the bills. Enough of them used that cash to buy stocks to foment a meltup. Now that the…
Liquidity Trader - Macro Liquidity- Fed and Banking, Liquidity Trader Complete
The Fed Sings A Sweet Tune – Here’s Why It Will Lead To Market Bitterness
by Lee Adler •
Prior to the onset of QE in 2009, a normal reserve position meant tight reserves. There were virtually no excess reserves on the Fed’s balance sheet. That means that the drains will continue until the balance sheet reaches a tight reserve position. Except that that can’t happen because the markets and the economy would have…
Liquidity Trader - Macro Liquidity- Fed and Banking
Here’s Why Europe’s Puny Banking System Growth Is Bad News for US Investors
by Lee Adler •
Growth in the European banking system driven by the ECBs smoke and mirrors and a housing bubble is about to slow even more as the ECB ends QE. This report gives you lots of charts to show you where things have been. And we look at where they’re likely to go now, along with what…
Liquidity Trader - US Government Revenues
December Tax Collections Reveal Wall Street’s False Economic Narrative
by Lee Adler •
The media had been excusing the stock market decline, and explaining the bond market rally in December by saying that investors were worried about slowing economic growth. Federal tax collection data for December shows that that is a false narrative. The data and charts show why this false narrative is dangerous to your financial health.…
Liquidity Trader - US Treasury Market Trend Supply and Demand
Here’s Why Overloaded Dealers Will Weigh On The Bond and Stock Markets
by Lee Adler •
Treasury demand trends have looked bullish in the short run, but they’re just laying the seeds of that, “Bullish? Not so much!” hangover. Liquidity Moves Markets – Follow The Money!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know…
Liquidity Trader - US Treasury Market Trend Supply and Demand
Here’s Why You Shouldn’t Buy Bonds Despite Bullish Signs on Their Charts
by Lee Adler •
Longer term Treasuries began to rally in early November and that rally has continued, fueled largely by the big liquidation of stocks over the past couple of months. There’s no sign yet of any real easing of tightening conditions in the money market. The uptrend in short term rates is intact. But there are bullish…