Treasury auction demand looks strong — but it’s an illusion. Primary Dealers are faking demand at an unprecedented scale, hiding a collapse in real investment appetite. This Special Report by Lee Adler shows exactly how deep the rot runs.
The basis trade, a leveraged arbitrage strategy long favored by hedge funds and dealers, is approaching critical stress points. This briefing outlines how the trade…
Liquidity conditions are deteriorating in real time. Treasury’s cash balance has peaked. The drawdown has begun. With the debt ceiling still capping new borrowing, what’s…
That’s all it is so far this morning– pullback to the jailbreak. But an hourly close below 5440 or fight, would indicate a failed breakout, which would be interesting.
The Liquidity Mirage Is About to Vanish
Lee Adler 1 – Liquidi…
The market didn’t break overnight, and instead has begun yet another rally. This is not unexpected under the flood of liquidity being pumped into the markets by this. $120 billion in cash pumped in within one week will move the needle. All known in ad…
Normal swings.
Nuckin futs.
There’s been a sizable rally overnight, but downtrend channels are intact on the hourly ES.
Dick-Richie-Crash Allen, that is. My hero when I was a yon teen. I saw him play many times. What a thrill.
His induction was too long delayed.
As for the other Crash, there’s this.
Crash Resumption Risk Not Eliminated
Lee Adle…
Today is the 82nd anniversary of my parents marriage. WTF were they thinking!
Now, in the Department of Market Waiting to Be Told WTF To Do:
The real time charts I have been posting here for years have stopped working. No idea what the deal …
I got through to LinkedIn via their Twitter account. This morning I got a message that I was reinstated, because I was blocked in error.
I asked what triggered it. They said that it appeared there had been some “suspicious activity.” Mais, oui! E…