Even a non-calculating observer knows of the strong relationship between POMO operations and the stock market over the past few years. Most important is the artificiality of pushing up the stock market and its inevitable deflation.
Tentative Outright Treasury Operation Schedule The Desk’s tentative operation schedules associated with outright purchases and sales of Treasury securities as announced by the FOMC. …
One of the macro liquidity indicators that I track in the Wall Street Examiner Professional Edition Fed Report shows the apparent reason why US financial…
Next week’s Treasury calendar is light, with another paydown on Thursday and plenty of POMO, so if ever stocks had an excuse to rally, this…
The markets stumbled through this week in spite of having plenty of POMO and $16 billion in Treasury bill paydowns on Thursday to stoke the…
There are no clear signals yet as to whether this is the moment bears have been waiting for. Things started to lean in that direction…
The market was knocked down last week by the contagion that flowed from the silver margin increases. But as that was going on, POMO and…
The market had a big pile of new paper to settle last Monday, but then had plenty of POMO through the week and $18 billion…
Hoping to insure a positive audience response for Wednesday’s FOMC Circus act, the Fed injected $7.24 billion into the market on Monday, while the Treasury…
Both stocks and bonds are holding up nicely as the Fed pumps in enough cash to keep things bubbling along in spite of the fact…
