Fast Facts

Capital Flees Europe to US Markets and Banks

Virtually nothing has changed since the last update, other than an uptick in current US GDP for the second quarter. When economic data releases begin to reflect this next month, the market reaction should be negative as traders conclude, correctly, that the Fed will tighten. Markets top out when the news is good, because that is, in fact, when the Fed turns the screws.

Wall Street Examiner Exclusives

Increasing Treasury Supply, Decreasing Demand, A Recipe for Trouble, But…

Treasury Auction Demand

Treasury supply will now be a negative factor for the markets through early June. This is unlike the late April, early May period where the Treasury was paying down debt thanks to the cash flows from April tax collections.