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To: Les H who wrote (27465)10/31/2022 7:25:05 PM
From: Les H  Respond to of 29601
 
Today's weakness is likely due to window-dressing by banks. They shifted 92 billion dollars to the Fed rather than finance risky assets.

newyorkfed.org

It looks similar to September 30 where the money is pulled out of the Fed after the books were closed for the month-end.