This is the T-bill issuance schedule just ahead. After a couple months of quietude, this:
| 01/25/2024 | Bills | $268,000 | $236,977 | $31,023 |
| 01/23/2024 | Bills | $228,000 | $210,001 | $17,999 |
Weekly Bank Data and Fed Balance Sheet Say the End is Nigh
And that’s not all.
| 01/31/2024 | Coupons | $221,000 | $179,256 | $41,744 |
And now for our daily look at what to expect for today. First, with $90 billion in new supply coming over the next 12 days, there’s this. Next stop on the 10 year 4.28-.30. Stay ahead of the news! Weekly Bank Data and Fed Balance Sheet Say the End is Nigh
And for our usual look at the hourly ES, 24 hour S&P futures, last night I reported that the 5 day cycle projection was 4800. Now it is 4820. We have a breakout in progress from a base with a conventional measured move implication of at least 4850, and maybe 4880.
This assumes that the premarket rally now underway doesn’t suffer a cataclysmic reversal in early NY trading. To negate, the ES would need to drop below 4787 today. I wouldn’t rule it out because hourly cycle oscillators have reached the level of the last market peak. Stock Market Is Having Irving Fisher Moment
For moron the markets, see:
- Gold Hits Melting Point January 18, 2024
- Swing Trade Screen Picks – Ready for Blast Off or Dive Dive! January 17, 2024
- Weekly Bank Data and Fed Balance Sheet Say the End is Nigh January 16, 2024
- Stock Market Is Having Irving Fisher Moment January 15, 2024
- US Economy Didn’t Crash in December? January 4, 2024
- US Economy Crashed in December – Nope, See Update January 3, 2024
- Macro Liquidity – The Party’s Over January 1, 2024
- Dealers Stay Extended December 16, 2023
- This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023
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