Stocks have extended their rally in the face of flattening macro liquidity. That has brought them to a record overextension versus liquidity, even more extended than they were at the January market peak. Here’s what this means for the stock market.
Demand for Treasuries is insufficient to prevent the coming bond market catastrophe.
There’s evidence that the revenue loss has stabilized. But there’s no sign of growth. Here’s why that’s bad news for stocks.
The data suggests that the economy has perked up from some softness in the previous 3 months. That will encourage the Fed not only to continue tightening. Not only that, but now a Fedhead has come out suggesting that policy should be even more restrictive. But will the Trump Regime employ countermeasures to boost stocks?…
Smoke and mirrors continue to drive lending and deposit growth in the European banking system. But the reckoning is coming.
Stocks have extended their rally in the face of flattening macro liquidity. That has returned them to being as overextended versus liquidity as they were at the January market peak. So what’s next? Here’s what to look for.
Commercial bank and foreign central bank buying, and the increased use of leverage by shadow banks, have driven stocks and bonds back to their 2018 highs. Here’s how that increases risk, and what to do about it.
There were more signs of economic slowing in the monthly Federal Tax data and real time data on gasoline consumption. Here’s how that could turn into a bad surprise for the market.
Treasury supply is exploding. The heat is on investors as traders play games.