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Posted in 1 - Liquidity Trader, US Treasury Market and Tax Revenue Trends

June Federal Tax Data Shows Fed Has No Excuse – Chart Corrected

NOTE: I neglected to insert the updated Withholding Tax chart in the report posted last night. The data and analysis was complete and update. Here’s the report with the updated chart. 

The tax data shows that the market rationale for the rallies in stocks and bonds is just plain wrong.  Here’s the proof, and what to do about it.

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