This is a new low. And not the kind of low I enjoy. I can’t remember a time I’ve felt more despairing about the state of the market than right now. From June 16 to August 16 of last year, we had a two month ascent that I thought was the…
The debt ceiling issue has been settled. Investors breathed a sigh relief and bought stocks. But they did it on margin, because the cash liquidity…
It’s D-Day, one of the most important dates in world history.
The stock market is sanguine.
I’ll be back.
For moron the markets, see:
The Bulls Are Full of It June 4, 2023
Incomprehensible, That’s What You A…
I don’t completely concur with Jimbo’s idea here, but it’s an interesting way to look at it, and I absolutely agree with the conclusion.
Fact is that deposits are declining dollar for dollar with QT. Nobody is fleeing the banking syste…
And they should be. There’s just not much in the technical picture to think otherwise. Most projections and indicators point higher in the short to…
It’s not a close call. If the Fed “Skips” policy tightening at the June 14th FOMC meeting, it will be yet another big policy mistake. The long string of errors has greatly damaged the Federal Reserve’s inflation-fighting credibility. It has also pro…
CUSIP: 912796XQ7Term and Type: 38-Day BillCMB: YesHigh Rate: 5.250%Investment Rate: 5.367%Price: $99.445833Allotted at High: 14.00%Total Tendered: $170,054,000,000Total Accepted: $50,001,240,000Auction Date: 06/02/2023Issue Date: 06/05/2023Maturity Dat…
But First, A Number Before I get into the withholding tax data for May, the Treasury just posted the following on the heels of the…
CUSIP: 912797FM4Term and Type: 1-Day BillCMB: YesHigh Rate: 5.060%Investment Rate: 5.145%Price: $99.985944Allotted at High: 82.74%Total Tendered: $61,586,015,000Total Accepted: $15,000,215,000Auction Date: 06/02/2023Issue Date: 06/05/2023Maturity Date:…
CUSIP: 912796XQ7Term and Type: 38-Day BillCMB: YesOffering Amount: 50 BillionAnnouncement Date: 06/02/2023Auction Date: 06/02/2023Issue Date: 06/05/2023Maturity Date: 07/13/2023PDF | XML