Still bullish for now.
Treasury made its quarterly interest payment today. (Probably what reversed the market from down to up.) We'll see the amount in tomorrow's DTS. Last quarter, it was $43 bln, so it should be about the same.
It will boost up total leading fiscal flows this month to mid-$500 blns. And the deficit could come in around $225 bln.
However, that's it for the big firepower. Now it will revert back to "normal" net spending, which means around $500 bln/mo.
September will be a big drain from the corporate tax payment. There's still time, but don't be surprised if the market gets a little "wobbly" as we head toward September, especially in that first week. Corporations may be active in "raising funds" to pay taxes. We saw this in June.
A pullback in the market will be cheered by monetarists who will think that monetary policy is "working."
Not to worry. We'll get past the Sept-Oct pullback. Not here yet, but when it gets here I'll be discussing it.
Still bullish for now. Could see AAII sentiment turn bullish this week. Stay tuned.
It will boost up total leading fiscal flows this month to mid-$500 blns. And the deficit could come in around $225 bln.
However, that's it for the big firepower. Now it will revert back to "normal" net spending, which means around $500 bln/mo.
September will be a big drain from the corporate tax payment. There's still time, but don't be surprised if the market gets a little "wobbly" as we head toward September, especially in that first week. Corporations may be active in "raising funds" to pay taxes. We saw this in June.
A pullback in the market will be cheered by monetarists who will think that monetary policy is "working."
Not to worry. We'll get past the Sept-Oct pullback. Not here yet, but when it gets here I'll be discussing it.
Still bullish for now. Could see AAII sentiment turn bullish this week. Stay tuned.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。