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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Current Federal Withholding Tax Collection Data Give Fed No Excuse To Ease

Withholding tax collections through May 7 remain strong. Click here to download the report (Subscribers Only) One Month Free Trial and 90 days risk free for first time subscribers if you subscribe today!  Not a subscriber yet? Get this report right now and read Lee Adler’s Liquidity Trader risk free for 90 days! Satisfaction guaranteed…

Federal Budget Revenue Growth Gives Fed No Excuses, But Economic Strength May Be an Illusion

Federal tax collection data for March showed modest economic growth but continuing wide Federal budget deficits. An uptick in nominal revenues has reduced Treasury issuance for the time being. But the revenue windfall will be counted and in the books by mid May. After that, things will change. Here’s what to expect and a recommended…

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. Click here to download the report (Subscribers Only) Not a subscriber yet? Get this report right now and read Lee Adler’s Liquidity Trader risk free for…

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. Click here to download the report (Subscribers Only) Not a subscriber yet? Get this report right now and read Lee Adler’s Liquidity…

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.