Catching Up With Fed Data
It’s a quiet Sunday, so let’s thumb through the latest key liquidity data from our dear friends in the federal government. We see the Reverse Repo continuing to plunge.
Reverse Repo Rate
Quantitative tightening is continuing, and after the SIVB bailout from Yellen
FR_WALCL Chart
Janet Yellen’s checkbook has become fatter, thanks to the debt ceiling deal.
FR_WTREGEN Chart
Of course, this is all quite distorted, thanks to Yellen handing out a tenth of a TRILLION dollars to her banking cronies, using SIVB as an excuse for more handouts. In a true organic stock market, the Dow would be at 6,000 or so.
FR_H41RESP Chart
It’s going to be an interesting week ahead. Earnings will start heating up on Friday with the big banks, and we will get the CPI on Wednesday morning. Shield your eyes, Frank.
