The Fed’s Reverse Repo (RRP) operations act primarily as a money market fund for money market funds (MMFs.) The MMFs were forced out of their…
Potatohead pointed out yesterday that the Fed’s RRPs dropped under $2 trillion. That’s down $275 billion since May 24. I’m working on a Liquidity Trader post that will get into that and explain why it’s bullish. It should be posted within a couple of …
Swing trade stock screens produced 121 charts with multiple buy signals as of the last two trading days of the past week. There were just…
Rates don’t matter. What bull market in history hasn’t been accompanied by rising interest rates? Rates are the price of money. They are the the result of the interplay of the supply of money versus the demand for it. Of course it’s complicated by the …
So, would the most bearish thing the Fed could do be…
They don’t get more orderly than this. Here’s the hourly chart of the ES, 24 hour S&P fuguetures. The 5 day cycle projection is 4350-55. Trend resistance comes in at about 4360, but it’s rising. If they clear that, then 4400, which by one method wo…
I’m just going to crawl into my shell.
Technical indications show that the rally is no longer limited to just a few big cap tech stocks. The troops are getting in position to…
with flows gravitating to the perceived safety of money funds during risk averse market backdrops, the money market fund complex becomes a powerful mechanism for system Credit and liquidity expansion.
Back at Circle Back Ranch, where traders look to scalp a few points out of the ES, 24 hour S&P fugutures each day, there’s a whole lotta nuthin goin on.