Real time withholding tax collections have been strong since I last reported on April 24. The nominal annual growth rate is now 6.6%%. This has slightly broken a downtrend in these collections over the prior 7 months. But is that bullish?
This is part of a series of free Wall Street Examiner Pro Trader reports that I’m posting as I recover from my emergency open heart surgery on May 3. This report covers current real time and monthly Federal revenue collections and what they tell us about the US economy and stock market.
If you are a subscriber, these free reports will not be charged to your subscriptions. When full publication resumes I will credit your account for all of the downtime since the date of the last report you received. This applies to all Pro Trader services. While there is no timetable, I expect to resume regular publications next week.
I thank each one of you for your patience and support! Thanks to the many of you who have written to me directly offering your encouragement! I truly appreciate hearing from you.
If you are a new reader, enjoy!