Here’s the problem. When rates are falling, there are more sales, and especially more refi. So the prepayments go up, and the Fed sees a greater reduction in its MBS holdings. Those reductions had been running at the rate of $65-70 billion per month through last month, based on the prepayment rate in the market in prior months. The Fed then bought that much from the dealers in the following months.
Liquidity Trader
Technical Trader
Technical Trader
Baby Bears Have No Chance Against This Stampeding Herd
by Lee Adler • • 0 Comments
The market started a baby downtrend channel last week. The top of the channel will open on Monday at 3572. Here in the premarket around 5:30 AM in New York, that trendline was being challenged as, once again, Asia and Europe have rallied. This report shows you what to look for this week as it affects the longer term outlook.
Gold Mining Stocks Trader
Gold and Mining Stocks Trader
Gold Shaky But Still OK
by Lee Adler • • 0 Comments
The good news is that the 9-12 month cycle projection no longer points toward 1700. The outlook will remain bullish if certain things happen this week and next.
Lee's Free Thinking
Lee's Free Thinking
The Answer to “Does A Bear Shit in the Woods”
by Lee Adler • • 0 Comments
I hope you had a wonderful Thanksgiving. In bear land, we would have preferred Tanks Giving. But the market doesn’t seem to want to do any tanking.
Lee's Free Thinking
Catastrophe Reversed, But It Will It Work Again? Podcast With Lee Adler
by Lee Adler •
Lee's Free Thinking
Utterly Meaningless Words, Devoid of Substance 11/25/20
by Lee Adler • • 0 Comments
Other than anything I say, the fiscal games that the Trump Regime is playing on its way out. Here’s why, along with what to expect in today’s US stock market trading patterns.
Lee's Free Thinking
The Trading Range from Hell 11/24/20
by Lee Adler • • 0 Comments
Anyone who has traded this market successfully since Pfizer Day is a genius.
I am not a genius.
Lee's Free Thinking
It’s Tanks Giving Week – The Bulls Are Back V.20201123.0346a
by Lee Adler • • 0 Comments
Yes, they are. They have come back to celebrate the holiday.
News and Opinion
Must Read
Doug Noland’s Credit Bubble Bulletin: Pondering the New Secretary of the Treasury
by Doug Noland • • 0 Comments
It’s difficult to believe that Secretary Yellen will avoid having to contend with a historic financial and economic crisis. And Wall Street is quite comfortable that Yellen is precisely the right individual to work intimately with the Powell Fed to orchestrate whatever crisis response necessary to sustain the greatest Bubble in human history.
Must Read
Pandemic Accelerates Holiday Channel Shift
by Statista | Infographics • • 0 Comments
While Black Friday was originally conceived by brick-and-mortar retailers who tried to lure turkey-fed holiday shoppers in with the best offers, this year’s Thanksgiving weekend will likely look much different to previous ones. As the coronavirus conti…
Must Read
Freedom From Fear
by Tim Knight • • 0 Comments
This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission. 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…
Must Read
U.S. Billionaires Gained $1 Trillion Since The Pandemic Started
by Statista | Infographics • • 0 Comments
American billionaires haven’t been just immune to the pandemic, they have been thriving in it, drastically increasing their collective wealth. An analysis by Chuck Collins at the Institute for Policy Studies found that American billionaires have been t…
Must Read
Jobless Claims Creep Up as Recovery Stalls
by Statista | Infographics • • 0 Comments
According to the latest unemployment data released by the Department of Labor ahead of Thanksgiving weekend, the number of Americans newly applying for unemployment benefits through state programs crept up ever so slightly for the second week running. …
