The market continued its seemingly inexorable rise powered by another $31 billion in Treasury paydowns on top of yesterday’s $27 billion (not 27 dollars as I erroneously typed yesterday), and another $31 billion to come Wednesday and Thursday. So far, the Fed elected not to lean against the tide of Treasury cash flooding into the market, leaving it all in and then some (See Fed Report). Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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