Lee AdlerFirst, I want to repeat something I wrote in January: 1/18/21 A while ago I made the huge call that the stock market would follow…
Stock buybacks have been widely reported as being responsible for much of the bull market. That is undoubtedly true. Buybacks reduce the supply of equities,…
What else is new? Tomorrow, the Fed talks. But Fed talk is cheap. The Fed wants you to think that talk – its talk –…
This is what it does. It stops publishing good data, and either substitutes no data, or shitty data.
I rely on the Fed’s weekly data in my research. I want to know what’s going on as close to real time as possible. It’s simple. As traders, we need current data, or as close to current as possible.
The Fed’s new format H6 money supply release is utterly useless. But fortunately, there’s a workaround.
The US Treasury’s attempt to rescue the Treasury market began in mid February. It’s not going well. They’ve managed to stop the hemorrhaging. Prices have…
Last month, I headlined this report, “We Don’t Need No Effin’ Stimmy.” That’s even more true now. Withholding tax collections are skyrocketing. It’s good news…
The bear market in Treasuries that started in August devolved into an outright crash last week. Meanwhile, evidence shows that cash in Primary Dealer accounts…
The US Treasury announced today that it would inject another $30 billion into the markets, in an attempt to forestall systemic meltdown. It will pay…
The Treasury is injecting still more cash into the market, on top of the $96 billion it already staged last week. It announced on Tuesday…
The Treasury is injecting more cash into the market. It announced today that it will do a second round of T-bill paydowns next week, adding…
And I’ve spewed a whole lot of words over the past 3 weeks. Scary words. Words including warnings that one of the titans of the…
This is big. In a panic over the surge in the 10 year Treasury yield and the attendant fall in Treasury note and bond prices,…