Withholding tax collections boomed in May. Consequently, the US Treasury is flush with cash. This means that T-bill paydowns are likely to hit my previous…
The Treasury supply issue is still favorable for most of June. The Treasury has already resumed paying down T-bills thanks to a huge cash balance…
Fed balance sheet and banking data, along with Treasury supply data had previously shown the prospect for some stock market weakness around the enormous expected…
The storm warnings of extreme dealer leverage have dissipated over the past two months. For the moment, the skies are only partly cloudy with a…
“Sell in May and go away,” looks like a good idea again this year. The time has come. The time is now. Here’s why. Non-subscribers,…
Forget the modest increase in jobs reported by the BLS. Withholding tax collections were strong in April. The US Treasury is flush with more cash…
Bulletin- Fed Cuts QT by $35 billion per month. This is irrelevant and immaterial in the face of the mushrooming Treasury supply ahead. Read on!…
There were more signs in last week’s banking and Fed balance sheet data that the market has begun to build an important top. But tops…
That’s because they’re early, and an intervening temporary force should drive xxxx xxxx xxxxx. Non-subscribers, click here for access. Subscribers, click here to download the…
Withholding tax collections looked very strong for March, at first glance. But there was a one day anomaly in the data that skewed the monthly…
