Bank Deposits Chart and Data Correction

Lee Adler March 22, 2021

In the March 21 report on bank deposits I mistakenly posted an old chart from January. Here is the correct chart through March 10 on deposits and through March 17 on the Fed’s SOMA, along with an update on the impact of the correction on the analysis and conclusions.

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Liquidity Cliff Timing Aligns with Cycle Tops: Market Meltup Risks Reversal

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Here are the specifics on what you need to know and to look for.

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Can pigs fly?

Here’s the answer.

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Bank Deposits Chart and Data Correction

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