Lee AdlerWithholding taxes soared for most of August, far in excess of indicated jobs growth. But the Treasury hasn’t even started to rebuild its cash account.…
One projection has been reached but another is still out there and likely to be seen later this year. Subscribers, click here to download report.…
We’re on the lookout for a low risk setup. And one is on the way. Technical Trader subscribers, click here to download the report. First…
The Treasury and the Fed are colluding to boil the bond investor frogs on a sunny sidewalk. Subscribers, click here to download the report. First…
In July we saw that the market was at a record overbought extreme versus liquidity. I warned then that the bullishness we saw earlier this summer would be short lived. The market has corrected a bit. Now what?
Apparently gold traders have decided that they don’t need no stinkin’ consolidation! Short term cyclicality is mixed, but still gold has powered higher. This seems…
Trump has gotten away with a lot, with Wall Street cheering him on, when he exercised constitutionally controversial executive powers. But when he threatened Wall…
A consolidation has begun in gold, and in the mining stocks, but there’s one stock I like here. Subscribers, click here to download report. First…
The stock market is in a trading range that’s a meat grinder for traders. Here’s what to look for to signal a directional move. Technical…
Our purpose here is to examine Federal revenues and spending for any sign that the Fed would have any justification for a policy move. And…
The uptrend is particularly hot in loans to non bank financial institutions. That is composed largely of margin and repo loans. It’s clear that this borrowing has been a prime driver of the rallies in stocks and bonds. Live by leverage, die by leverage.
The data shows that the end is nigh.
The Fed has ended its balance sheet bloodletting. QT is kaput. No more “normalization.” Now abnormal is the norm. But while the Fed will no…