Lee AdlerAs you may know, I recently moved to Nice, France, purchased an apartment, and began renovations. I’m living and working in a construction site, and…
The setup for both bond and stock market bulls will be as good as it gets for the next 3 weeks. So don’t be fooled.…
We’ve been in a bad bear market in stocks for over 6 months. And a really bad bear market in bonds for almost two years.…
Federal tax collections rebounded sharply in June, including the all-important withholding taxes. I can’t explain why this happened, nor does it matter. My job is…
The thing is, there’s no such thing as “oversold” in a bear market. OK, maybe there is, but it’s at a much lower parameter than…
Nothing has changed since I last updated this Fed QT report three weeks ago. I have updated all the charts and details in the body…
Primary dealers have finally taken aggressive action to mitigate the losses in their bond portfolios. But it is too late. The damage is done, and…
Federal tax collections plunged in May, withholding taxes in particular. Those worried about a slowing economy now have real data to back them up. In…
At its May meeting, the Fed announced the beginning of its program to shrink its balance sheet. That program is colloquially known as QT or…
The gradual flattening of the CLI is now visible. Starting in June, it should turn negative. The Fed will begin literally removing cash from the…
The conditions for a rally in bonds were there, only the will was missing. That finally showed up last week. Meanwhile, the dealers finally meaningfully…
Federal tax collections were once again extremely strong in April, including withholding taxes, and individual non-withheld income taxes in particular. In fact there were strong…