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Sun Comes Out 07/13/23


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19 minutes ago, SiP said:

In US consumer disc are doing great (XLY ETF) instead of consumer staples (XLP), same with Tech ETF vs healthcare, utilities etc. Is a typical move in bull market and upswing in economy. Really its how it looks like.

Exactly.

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The Fed’s Liabilities: QT Pushed Down Reserves & RRPs by $865 Billion. TGA Gets Refilled. Currency in Circulation Hits Record.

Quantitative Tightening drew down two big liabilities on the Federal Reserve’s balance sheet: Reserves and RRPs dropped by a combined $865 billion from the peak.  At the same time, the other two big liabilities on the Fed’s balance sheet went into the opposite direction: the government’s checking account (TGA) and currency in circulation rose.  And so total liabilities dropped by $669 billion from the peak, to $8.25 trillion, according to the Fed’s weekly balance sheet released Thursday afternoon.

https://wolfstreet.com/2023/07/14/the-feds-liabilities-qt-pushed-down-reserves-rrps-by-865-billion-tga-gets-refilled-currency-in-circulation-hits-record/

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