Follow the money. Find the profits!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 of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and shows you the…
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. 8 reports each month. Click here to subscribe. Now published at Lee Adler’s Liquidity Trader.
Liquidity Trader - US Government Revenues
Federal Budget Revenue Growth Gives Fed No Excuses, But Economic Strength May Be an Illusion
by Lee Adler •
Federal tax collection data for March showed modest economic growth but continuing wide Federal budget deficits. An uptick in nominal revenues has reduced Treasury issuance for the time being. But the revenue windfall will be counted and in the books by mid May. After that, things will change. Here’s what to expect and a recommended…
Liquidity Trader - US Treasury Market Trend Supply and Demand, Must Read
Here’s How Light Treasury Supply In April and May Create Selling Opportunities in Bonds and Stocks
by Lee Adler •
Follow the money. Find the profits!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 of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity Trader tracks and shows you the…
Liquidity Trader - US Government Revenues
Beware of Surprises as Withholding Taxes Stay Strong In March
by Lee Adler •
Beware! March withholding tax collections were strong, but excise taxes were weak. Click here to download the report (Subscribers Only) Follow the money. Find the profits!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 of the…
Liquidity Trader - Macro Liquidity- Fed and Banking
As Fed Balance Sheet Shrinks, Speculative Bank Lending Soars
by Lee Adler •
The Fed’s balance sheet is shrinking, but bank lending for speculative purposes has soared. That is supporting financial asset price inflation. That’s dangerous. This report…
Liquidity Trader - US Government Revenues
Federal Tax Receipts and Other Real Time Data Bely the Current Narrative
by Lee Adler •
Real time federal tax receipts and other real time data bely the current bullish narrative. Here’s why the Fed won’t ease policy and why the rally won’t end well. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So…
Liquidity Trader - US Treasury Market Trend Supply and Demand
These Charts Show How Primary Dealers Create Huge Risk as They Get Longer and Longer the Bond Market
by Lee Adler •
The Primary Dealers continue to carry historically massive net long fixed income positions, purchased with debt, resulting in huge increases in leverage. They are hedging in the futures markets, and have reduced their Treasury longs a bit over the past month. But their overall net long exposure continues to grow. Here’s what history tells us…
Liquidity Trader - Macro Liquidity- Fed and Banking
Macro Liquidity Indicator Charts Show Rally Not Long For This World
by Lee Adler •
Macro liquidity growth has slowed to a crawl. The Fed and its cohort major central banks are a negative factor on balance. But runaway financial market speculation is driving a big surge in bank lending to finance securities purchases, and that’s providing self-sustaining liquidity. But debt driven trends eventually break badly. This report looks at…
Liquidity Trader - US Treasury Market Trend Supply and Demand, Liquidity Trader Complete
Charts Show Increased Speculative Leverage Driving Rallies in Stocks and Bonds
by Lee Adler •
Meanwhile, instead of liquidating other assets to raise the cash to buy new Treasury supply, dealers and other buyers have used up cash and added to their leverage. The rally has been pushed by a massive increase in leveraged speculation. This leaves the markets increasingly vulnerable. Here’s what to look for and how to trade…
Liquidity Trader - US Treasury Market Trend Supply and Demand
Here’s Why Bonds Rallying Despite Burgeoning Supply is Bad News
by Lee Adler •
The BLS reported a very weak jobs number this morning. Treasuries are rallying again. How the BLS got that number in the face of surge in withholding tax collections in February is a mystery, but the likely outcome isn’t. Here’s why it’s bad news for both bonds and stocks, along with a recommendation what to…
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