Call it what you will, the Fed has started the new QE. It’s coming fast and furious with POMO on top of TOMO that will grow the Fed’s balance sheet as fast as it did under old QE. It’s a sign that the house is on fire.
The US Treasury daily tax data suggests that the US economy is at least slowing. That means already yooge deficits will grow. Treasury supply will…
The top pattern is still valid until it isn’t. Here’s what needs to happen. Meanwhile, several mining stocks look good. I recommended a few based…
There are indicators for every persuasion. A signal is coming. Technical Trader subscribers, click here to download the report. First Month Free and 90 Days…
Net new Treasury supply is receding to the “new normal,” averaging around $100 billion per month. We know we have a problem when a hundred…
In the Fed’s daily overnight repo operations for October 4 it offered $75 billion in overnight repurchase agreements to Primary Dealers. The dealers took $38.55 billion at an interest rate of 1.8%, to fund the carry of their securities holdings. Here’s what this means.
Lindsay Williams asked me about today’s market break, and about Donald Trump. As usual, I did not hold back. Content hosted by iono.fm Get more…
The top pattern looks ominous but the rebound leaves gold’s fate hanging in the balance today. Here’s what to look for. Subscribers, click here to…
The Fed’s new TOMO has already hit a quarter trillion. It may not be QE in name, but it is in fact.
Cylces and support and resistance are all a mixed bag, but there are clear benchmarks to watch that will signal what comes next and how…