One thing I learned years ago as a Florida resident running an online business is that I don’t want to stick around to see if…
In July we saw that the market was at a record overbought extreme versus liquidity. I warned then that the bullishness we saw earlier this…
The uptrend is particularly hot in loans to non bank financial institutions. That is composed largely of margin and repo loans. It’s clear that this borrowing has been a prime driver of the rallies in stocks and bonds. Live by leverage, die by leverage.
The data shows that the end is nigh.
The Fed has ended its balance sheet bloodletting. QT is kaput. No more “normalization.” Now abnormal is the norm. But while the Fed will no…
Yesterday, I posted this report with the intro from the June report. This version corrects that error. I apologize for the confusion! Click here to…
With the lifting of the debt ceiling the market’s tailwind is about to change direction. A gale force wind will blow the other way. Click…
Loan growth is red hot. And it’s all based on speculation. But lenders act as if there’s no risk in all these new loans. Here’s…
The joke is on Wall Street, investors, and yes, the Fed itself. But you will be prepared to take advantage because you read this report.…
The Composite Liquidity Indicator remains near a record extreme, and that’s scary. Here’s what you need to know. Click here to download the report (Subscribers…