Here’s why there’s no reason to think that resolution of the narrow trading range is imminent, but that when it finally does resolve it won’t…
Macro liquidity is drying up, according to the banking indicators and other monetary data that we follow. It’s not just one thing. It’s everything. Money…
List performance has been lackluster for the past two months and this week is the Fourth of July week. Seems like a good time to…
The Fourth of July fireworks show will let us know if the second half stock market outlook will be a rocket, a flare, or a…
Primary Dealers have reduced their fixed income portfolio hedging at the worst possible time. They are facing a deluge of supply in the months ahead,…
The range parameters have held since the last update, and there’s no indication that a breakout is imminent. Here’s what to look (out) for. Non-subscribers click…
The market is doing its best to get us to go sit it out, but you gotta be in it to win it, so I’m…
This is a narrowly based rally, that shows no sign that a break is imminent. But it is fragile. Hedging would be ….. Non subscribers…
Repo data has been an important part of our liquidity analysis for many years. But the data had shortcomings. It showed only the banking system…
List performance was poor again last week. I’ve been in a slump lately. I’m not seeing pitches well, and my swing timing is a little…