For those who missed my post on Liquidity ( the ultimate driver
of market), I stated that I expected upside for at least the next
couple weeks at that time(click on the link SPX internals to read
my comments from May 16th). While we certainly did see some
wild gyrations, the markets remained supported as expected.
Assuming the debt ceiling is lifted, who is going to purchase
nearly $1 Trillion in debt to restock the TGA this year with $500
Billion required in the short term on top of $80 Billion of
QT. Finally, the student loan forbearance comes to and end
soon and such borrowers must allocate funds to repay. Take
some time this weekend to ponder.
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For those who missed my
SPX Internals
Posted by steve on 28th of May 2023 at 10:55 pm
For those who missed my post on Liquidity ( the ultimate driver of market), I stated that I expected upside for at least the next couple weeks at that time(click on the link SPX internals to read my comments from May 16th). While we certainly did see some wild gyrations, the markets remained supported as expected.
Assuming the debt ceiling is lifted, who is going to purchase nearly $1 Trillion in debt to restock the TGA this year with $500 Billion required in the short term on top of $80 Billion of QT. Finally, the student loan forbearance comes to and end soon and such borrowers must allocate funds to repay. Take some time this weekend to ponder.