The markets surprised me by holding up well around Thursday’s settlement of $61 billion in net new Treasury supply. Either stocks or bonds should have…
When there’s no Treasury supply and the Treasury actually puts cash back in the players’ pockets by paying down debt, adding that to the Fed’s…
The Fed’s money pump was shut off for the holiday Monday. The index futures which were trading outside of regular NY trading hours had a…
Looking For Love In All The Wrong Places?…We are all very much aware of the change in market tone and sentiment over the last four to five months. Strategists and investors fretting over rapidly deteriorat…
Wall Street Examiner Professional Edition Fed Report last week, 1/22/11-
Executive Summary from page 1-
QuoteForeign Central banks continued to pull in their horns last week when they should be in the heavier buying phase of their Treasury buying cyc…
Treasury supply was heavy this week, but the new paper doesn’t settle till Monday. That allowed Fed pumping to keep the market elevated early for…
This week’s POMO is very light relative to the schedule of recent weeks. The only operations were today and tomorrow. At the same time, the…
The latest from Charles Hugh Smith. Here are the first two Fed Punchbowl Ingredients, followed by the link…
1. The Fed’s POMO bond buying/speculation-goosing program is irresistible: “don’t fight the Fed” means equities will be going up as lon…
Fed POMO for next 30 days $105 billion. Fed expects $30 billion in MBS paydowns. Wrong! Will be much less. Will need to cut Jan POMO. Lee_Adler
http://www.ny.frb.or…n_schedule.html
What this means- The Fed scheduled $75 billion as the pro-rated p…
A number of pundits noted that in the Fed’s recent data dump about its emergency operations during the 2008 “episode”, the Fed took stocks as…