This is a narrowly based rally, that shows no sign that a break is imminent. But it is fragile. Hedging would be ….. Non subscribers…
This is interesting. $65 billion in paydowns with more likely to be announced next week. But look at that festering boil at the end of the month. Just waiting to be popped. How the market will respond depends on how much more cash is coming from T-bill…
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…
This will be quick. I’ll be out until this evening here and this afternoon for you in North America.
5 day cycle projection says 5510.
Pausing this morning first.
Spport 5465-70 this morning. They’d need to break that to signal even th…
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…
Cycles still appear to be in gear to the upside in the context of a 10-12 month cycle xxxxxxx with a bit more xxxxxxxxxx. The…
They stopped the bleeding just in time to prevent an ugly pattern from developing. But the patient isn’t out of the woods yet. Non-subscribers click…
The T-bill paydown announcements are not only coming fast and furious, they’re getting bigger. When it comes to June estimated tax receipts, the US Treasury must like the way they look.
Once they put that $68 billion coupon issue to bed on Monday…
As has been widely expected after the latest economic data, the Fed decided to keep its policy rate steady for the seventh consecutive time at its June meeting, while also dialing back expectations for rate cuts in 2024. Following a two-day meeting of …
One of the reasons why people are so concerned with inflation is the fact that high inflation hits consumers right where it hurts: the wallet. In times of high inflation, when prices increase faster than nominal wages, real wages go down, meaning that …