Happy Turkey Day to all my fellow Merkans.
Tomorrow is just another day in la France but I will enjoy it vicariously with you as you celebrate with your families.
Normally Wall Street pre-celebrates, and it’s beginning to look that way on t…
CUSIP: 912797FW2Term and Type: 41-Day BillCMB: YesHigh Rate: 5.285%Investment Rate: 5.406%Price: $99.398097Allotted at High: 25.84%Total Tendered: $222,312,934,000Total Accepted: $75,000,199,600Auction Date: 11/21/2023Issue Date: 11/24/2023Maturity Dat…
Clearing resistance is hard. The rally has crossed a range, parts of which the market has repeatedly traded through over the past 7 months. That tends to clear the range of both bids and offers, leaving a thin market that can be traversed easily.
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The screens generated more buys than sell signals again over the past week. For the week ended Friday, there were 61 charts with a second…
The market sphincter just keeps getting tighter and tighter. The question isn’t just when the market will squeeze through, but exactly what will squirt out, and where. We await with bated breadth.
Technical indicators show no sign that this rally is about to roll over. Time factors remain bullish and projections point even higher than they did…
If liquidity can’t explain a rally, it can’t sustain the rally. Non-subscribers, click here for access. Subscribers, click here to download the report. Banking indicators…
That’s certainly possible. But I suspect that the central banks would go all out to preserve enough inflation to inflate the debt away in the context of our remaining lifetimes. How successful they would be is another question. I don’t speculate about …
CUSIP: 912797FW2Term and Type: 41-Day BillCMB: YesOffering Amount: 75 BillionAnnouncement Date: 11/16/2023Auction Date: 11/21/2023Issue Date: 11/24/2023Maturity Date: 01/04/2024PDF | XML
Liquidity is bullish. Lack of liquidity is bearish. In the last 100 years, deflation has only occurred when debt collapsed, i.e. extreme lack of liquidity.
“Valuation” is a sentiment indicator. Sentiment gets more and more bullish when liquidity …
