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Replies to post #31880 on The New CS Board
JefftDecker
07/20/18 12:00 PM
#31881 RE: DoubleTop #31880
The Fed’s QT program will hit $40 billion this month. As of July 11th (the most recent data available) the Fed’s balance sheet was UP $1.43 billion this month… which means the Fed will be draining ALL of its intended $40 billion in QT over the next 10 trading day. Put another way, the Fed will be pulling the MOST liquidity to date over a VERY short period of time. This will result in stocks falling hard into month end.