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The beatings will continue until morale improves. 6/18/20


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8 hours ago, fxfox said:

What??? There are sitting more than 2 trillion in dealer accounts which they can pump into the market any time they want out of thin air???

Not sitting in their accounts. Offered by the Fed. Not even available because only Treasury and MBS collateral accepted. 

I addressed that point specifically in this report. The fact that they would pay down repos, and have in fact been doing so, has been known for a long time. Liquidity Trader subscribers have been well aware of this. Furthermore they understand the critical implications for the market. Be in the know. Try Liquidity Trader risk free for 90 days.

Macro Liquidity Ain’t Bullish, and Will Get Worse

I’m working on a data intensive full macro liquidity update which I will post Saturday after the Fed posts the banking data Friday night.

First here’s a quick update on Fed QE with data through this week and projected into next week based on Fed and Treasury published schedules. It’s not bullish.

First there’s our old faithful, Fed Cash to Primary Dealers. Then a look at the Current QE Chart and the all important PONT Spread.

Subscribers, click here to download the report

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Get this report and access to all past and future reports risk free for 90 days! 

Dicsucs.

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Sometimes young people kill themselves for bad reasons. Like my cousin at Washington College about 5 years ago, in a case that got worldwide attention when he disappeared with an antique hunting rifle and everyone thought he would come back to the campus and shoot people. That was never going to happen. He had driven to a remote spot in a park and shot himself.   

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1 hour ago, DrStool said:

Sometimes young people kill themselves for bad reasons. Like my cousin at Washington College about 5 years ago, in a case that got worldwide attention when he disappeared with an antique hunting rifle and everyone thought he would come back to the campus and shoot people. That was never going to happen. He had driven to a remote spot in a park and shot himself.   

OMG, sorry to hear that Doc 😔

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