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Was That The 4 Year Cycle Low, But Still A Bear Market 3/31/20


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LEE'S FREE THINKING

Now That the US Treasury is Carpet Bombing The Market

by Lee Adler •  • 0 Comments

ES Futures Chart

The US Treasury has begun carpet bombing the markets with hundreds of billions per week in new supply. On the other side of the coin, the Fed is printing double or triple that. How’s that gonna work out for you?

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Early IRA withdrawals up to $100k will not be taxed for 3 years per the bailout bill.  Can be reloaded,  but 3 years is a long time, This should be a steady and growing source of selling, at the margin. 

https://www.marketwatch.com/story/coronavirus-stimulus-package-tax-relief-withdraw-100k-from-your-ira-and-repay-in-3-years-with-zero-tax-liability-2020-03-27

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Trump tweet: "With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4"

 

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