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Here’s Why the Market Is Rallying So Hard

Adding up Fed and Treasury market stimulus yesterday and today. $117 billion.


And people wonder why the market is rallying. I warned about this a couple weeks ago.

Look, there’s no excuse for not knowing. The Fed publishes its purchase schedule and completed purchases a month or two ahead. We know exactly how much MBS will settle and exactly when, a month ahead. We know about the Treasury paydowns, and the fact that they’re coming because they have established the pattern. And we know exactly how much they will be and when they’ll hit a week in advance.

This data is all published in advance. We know what’s coming.

Markets Awash in Cash – Where, How, and How Long, Revealed

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, 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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