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Waiting For The Fed Report?

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.

Composite Macro Liquidity Indicator Chart - Click to enlarge

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.”

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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