Lee Adler, in the Professional Edition of the Wall Street Examiner, gives reasons that, barring other factors, support continued bullish action in the stock market for the next two or three months. ~ Ilene
Look Out! Massive Treasury Paydowns Are Almost Here
Courtesy of Lee Adler
Net new supply [of treasuries] in May and June is forecast to be modest at a combined total of $96 billion for the two month period. With the Fed still pumping nearly twice that amount into the accounts of primary dealers, on the basis of this data only, there’s no reason to turn bearish. Something else would need to go wrong.
Get regular updates on the machinations of the Fed, Treasury, Primary Dealers and foreign central banks in the US market, in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Click this link to try WSE’s Professional Edition risk free for 30 days!
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.