Lee AdlerPrimary dealers have been gradually paying down their outstanding repo loans from the Fed, just as we have long expected. This has momentous implications for…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
By early Monday morning, the ES futures were trading at 2966, and had traded as low as 2925. 2950 is now critical support. If New…
The Monthly Treasury Statement for May confirms that the economy rebounded during the month, but more recent data through last week suggests that the rebound…
A sharp eyed subscriber caught an error on the top of page 4 of this report. I typed “billion,” instead of “trillion,” twice, in reference…
The Fed has now promised QE infinity. But will it be enough, in the face of Federal deficit financing to infinity and beyond? Because for…
US Commercial Bank data had been sending warning signals that all was not well for at least a year before the stock market crashed. I…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
Cycle alignments are still mostly bullish, but now extended. The 6 month cycle remains bullish, and already stratospheric cycle projections for the S&P and QQQ…
To the degree that it’s true, the idea that the US economy is recovering is a catastrophic notion for the financial markets. Surprisingly, the withholding…
The line items of the Fed’s Pandemic Panic Emergency Programs get a lot of media and analyst attention these days. What a waste of time…
We’ve watched this bizarre scene unfold where the Fed is gradually reducing QE, the Treasury keeps pounding the market with new supply and stock prices…