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.
The tax trends will not deter the Fed from continuing to tighten policy. Here’s why, and what to do about it.
Withholding tax collections soared in the second half November after a very weak start. Is the surge an anomaly, or is it a sign of a final explosive blowoff in the US economy? Here’s the answer, and what it means for the market.
We already knew from our look at the end of month Daily Treasury Statement that October withholding taxes were bad news for the US economy. Now the monthly data on excise taxes from the Monthly Treasury Statement for October, released this week, has more bad news.
Withholding tax collections fell in October. The weakening trend since the tax cut resumed after a brief respite in September. That has all kinds of implications. Here’s what they are, and what they mean to the markets and your investments.
Tax collections fell again in September as the Trump Tax Cut continues to bite into federal revenues.
The stabilization of withholding taxes, along with rising excise taxes suggest that top line economic data will continue to show increases. Here’s how we know, and what that means for your portfolio. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this…
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?…
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.