Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!
So am I. I was hoping to get it posted tonight, but the economic chart service I use is having “issues.” As a result the ETA for this report now looks to be tomorrow afternoon. I apologize for the delay.
I can tell you that the composite liquidity indicator continues to mark time. It had a little surge during the week ended November 30, but that was reversed last week.
The indicator remains essentially rangebound. While most components are negative, massive flows into the US banking system from Europe are continuing. Therefore the seesaw effect where neither stocks nor bonds can make sustained progress, with one only able to rally at the other’s expense, shows no sign of coming to an end.
Stay tuned tomorrow for, as Paul Harvey would say, “The rest… of the story.”
Stay up to date with the machinations of the Fed, Treasury, Primary Dealers and foreign central banks in the US market, along with regular updates of the US housing market, in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Try it risk free for 30 days. Don’t miss another day. Get the research and analysis you need to understand these critical forces. Be prepared. Stay ahead of the herd. Click this link and begin your risk free trial NOW!
Al G. Greenspewman says, " Cut through the Wall Street BS." Get Lee Adler's daily thoughts on the markets with no punches pulled. Plus insightful posts from a few other straight shooters like Constantine Gurdgiev, Charles Hugh Smith, Doug Noland, Tim Knight, and Sven Henrich.
Get Wall Street, unspun! Join now!
Check your inbox for the confirmation email which is sent instantly. If not there, check your SPAM folder and be sure to whitelist the "From: Lee Adler" email address. Your information will *never* be shared or sold to a 3rd party.
LEE ADLER