On February 23, the US Treasury pumped $55 billion in cash into the accounts of Primary Dealers, banks, money market funds, and other institutions who…
While I wish there was a basis for optimism, we need to be realistic. Here’s what needs to happen. Subscribers, click here to download report.…
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…
The upward path of prices got slammed at midweek, just as the S&P 500 had crossed the centerlines of a couple of channels. The index…
First, I want to repeat something I wrote in January: 1/18/21 A while ago I made the huge call that the stock market would follow…
I have warned for several years that such stock retirements are a two way street, that when prices get high, companies will reverse course and start issuing more stock. That is starting to happen.
What else is new? Tomorrow, the Fed talks. But Fed talk is cheap. The Fed wants you to think that talk – its talk –…
The US Treasury’s attempt to rescue the Treasury market began in mid February. It’s not going well. They’ve managed to stop the hemorrhaging. Prices have…
Last month, I headlined this report, “We Don’t Need No Effin’ Stimmy.” That’s even more true now. Withholding tax collections are skyrocketing. It’s good news…
The bear market in Treasuries that started in August devolved into an outright crash last week. Meanwhile, evidence shows that cash in Primary Dealer accounts has exploded to the highest level in history, with the biggest weekly increase in history. There’s also circumstantial evidence that that cash came directly from US Treasury, away from the publicly visible means that we already saw last week.
