Tag Archive for Excerpt From

Weakening Federal Withholding Tax Collections Do Not Bode Well For Employment

This report is an excerpt from the permanent Employment Chart page.  The edge that Federal Withholding Tax collections had held over last year continued to narrow last week, suggesting a weakening employment picture in May. The chart below compares current withholding tax collections with last year on the same date. This year collections have been…

Market’s Liquidity Indicators Begin To Tilt Bearish – With Free Excerpt

The composite liquidity indicator downticked last week on small declines in most of its components. We know that the downtick in the Fed’s pumping to Primary Dealers is temporary, but the weakening in other indicators may not be. Over the course of this latest surge, most of the cash has been targeted at the Treasury…

Is The Liquidity Tide Coming In or Going Out For Stocks?

This is an extended excerpt from the Professional Edition Fed Report Executive Summary. Note: Pages 4-10 comments correctly updated at 3:55 PM NY time. The composite liquidity indicator rose sharply last week, driven by a big Fed settlement of MBS purchases. The uptrend in the indicator is accelerating. Over the course of this latest surge,…

What Fed Does Now Could Skew Longer Term Cycles

The following is an excerpt from the Wall Street Examiner Professional Edition Long Term Outlook Update. The link for subscriber access to the full report with 13 pages of charts, analysis and conclusions is below. For the past several years I have alluded to the similarity between this market and the 1969-71 period. That market…