Deposit flows into US banking system (apparently from EU) continue at shocking levels. In the liquidity model of the market, there is no way the…
OK, so the market doesn’t like the claims number, which missed anal cyst’s estimates by a wide margin. Let’s look at the facts.
Not seasonally adjusted, in other words, actual, claims rose by 102,000. Continuing claims wk ended 12/31 up by 361,000. Ho…
Treasury supply is moderating as a result of a surge in Federal Withholding Tax collections in the second half of December. I suspect that this…
This is a composite of the ISM Manufacturing and Non Manufacturing New Orders indexes (not the ISM Composite). I have backed out the seasonal adjustment hocus pocus and weighted the index according to the relative weighting of manufacturing and service…
Google searches for “mortgage applications” plunged to a 5 year low in December.
View full report in Google Insights for Search
According to researchers at the NY Fed, ” Recent academic research finds that Internet search data can forecast the c…
The mad panic into Treasuries suddenly stopped this week. 1.80 on the 10 year yield looks like a floor. The question now is whether there’s…
Liquidity indications were mixed last week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks…
So am I. I was hoping to get it posted tonight, but the economic chart service I use is having “issues.” As a result the…
Withholding tax data suggests that we may soon see weaker economic data. That would argue for lower yields and lower stock prices. Meanwhile, foreign central…
Liquidity indications were mixed this week, with the Fed still not doing much but bank inflows ballooning. This has been the biggest reason the markets…
