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Massive Treasury issuance, repo expansion, and leveraged basis trades have fueled both economic strength and equity gains, but extremes in valuations and leverage point to rising risks of reversal.
I track weekly real time cash flow data from the Fed and Treasury that foretell the next moves in stocks and bonds.
It’s the same data the big trading desks watch — but you see it here without the Wall Street spin and with my 58 years of market perspective seen in clear cutting-edge proprietary charts and analysis available nowhere else. Not even from the Wall Street giants.
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