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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Federal Tax Receipts and Other Real Time Data Bely the Current Narrative

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…

Withholding Tax Chart Belies Fed Fears, and Sends A Clear Warning To Bulls

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…

January Tax Collections Make You Wonder Why Fed Panicked – Correction

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.…

December Tax Collections Reveal Wall Street’s False Economic Narrative

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.…

Here’s Why Mixed Data On Tax Collections Are Hazardous To Your Portfolio’s Health

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…

October Federal Withholding Tax Collection Plunge Casts Suspicion on Jobs Data

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…