Real time federal tax receipts and other real time data bely the current bullish narrative. Here’s why the Fed won’t ease policy and why the rally won’t end well. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So…
Liquidity Trader – US Government Revenues
Analysis of real time Federal revenues as they signal economic activity and likely changes in Treasury supply. Resulting market strategy recommendations. 8 reports each month. Click here to subscribe. Now published at Lee Adler’s Liquidity Trader.
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Liquidity Trader - US Government Revenues
Withholding Tax Chart Belies Fed Fears, and Sends A Clear Warning To Bulls
by Lee Adler • • 0 Comments
Federal withholding tax collections went through the roof and excise taxes had solid gains in February. Here’s what this means for the economic data ahead, for the markets, and for your portfolio strategy. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and…
Liquidity Trader - US Government Revenues, Liquidity Trader Complete
Did The Fed Just Send The Market On The Greatest Misdirection Play Ever?
by Lee Adler • • 0 Comments
It has been 4 weeks since the government shutdown ended, not enough time for any official economic data on the post shutdown period. But we…
Liquidity Trader - US Government Revenues, Liquidity Trader Complete, US Federal Revenues Investor Monthly
January Tax Collections Make You Wonder Why Fed Panicked – Correction
by Lee Adler •
CORRECTION: This morning I noticed an error in my reporting of the Federal Excise Tax collections in January. The error was borderline material relative to excise taxes. The annual growth rate was positive, and at the same rate as in December, but not at the rate I originally reported. The original chart as posted was correct.…
Liquidity Trader - US Government Revenues
December Tax Collections Reveal Wall Street’s False Economic Narrative
by Lee Adler • • 0 Comments
The media had been excusing the stock market decline, and explaining the bond market rally in December by saying that investors were worried about slowing economic growth. Federal tax collection data for December shows that that is a false narrative. The data and charts show why this false narrative is dangerous to your financial health.…
Liquidity Trader - US Government Revenues
Here’s Why Mixed Data On Tax Collections Are Hazardous To Your Portfolio’s Health
by Lee Adler • • 0 Comments
The tax trends will not deter the Fed from continuing to tighten policy. Here’s why, and what to do about it. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of…
Liquidity Trader - US Government Revenues
Witholding Tax Collections Reverse Course, Signaling an Economic Blowoff
by Lee Adler • • 0 Comments
Withholding tax collections soared in the second half November after a very weak start. Is the surge an anomaly, or is it a sign of a final explosive blowoff in the US economy? Here’s the answer, and what it means for the market. Follow the money. Find the profits!Liquidity is money. Regardless of where in…
Liquidity Trader - US Government Revenues
Tax Tales- Recession On The Way?
by Lee Adler • • 0 Comments
We already knew from our look at the end of month Daily Treasury Statement that October withholding taxes were bad news for the US economy. Now the monthly data on excise taxes from the Monthly Treasury Statement for October, released this week, has more bad news. Follow the money. Find the profits!Liquidity is money. Regardless…
Liquidity Trader - US Government Revenues, Liquidity Trader Complete
October Federal Withholding Tax Collection Plunge Casts Suspicion on Jobs Data
by Lee Adler • • 0 Comments
Withholding tax collections fell in October. The weakening trend since the tax cut resumed after a brief respite in September. That has all kinds of implications. Here’s what they are, and what they mean to the markets and your investments. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that…
Liquidity Trader - US Government Revenues
Here’s How Tax Cuts Cause the Stock Market To Collapse
by Lee Adler • • 0 Comments
Tax collections fell again in September as the Trump Tax Cut continues to bite into federal revenues. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves…
