Lee AdlerA little traveling music, please! And away we go! Money supplies the music, and the US Treasury is the band, thanks to the government shutdown. As a result, a technical indicator that I developed in 2005, which measures the market’s breadth and speed in a single number. has set a world record by a mile.…
Prior to the onset of QE in 2009, a normal reserve position meant tight reserves. There were virtually no excess reserves on the Fed’s balance…
The media had been excusing the stock market decline, and explaining the bond market rally in December by saying that investors were worried about slowing…
Treasury demand trends have looked bullish in the short run, but they’re just laying the seeds of that, “Bullish? Not so much!” hangover.