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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (74323)12/1/2022 8:27:47 PM
From: Lee Lichterman III6 Recommendations

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Instead of doing all my tweets I'm just going to string all the charts here.

Fed Balance sheet minus TGA and RRP. We ended the month flat despite the Fed draining their QT. The TGA drain and RRP offset it completely. Details in next chart



Here is my spreadsheet showing inputs to chart above and analysis.



M2 money supply and Monetary Base are still dropping taking away liquidity....



Speaking of money, the dollar weakness is driving up all assets. Note how Gold and SPX are moving in lockstep



And lastly, here is daily TGA watch. Note it is starting to creep up again (Chart index is inverted, less is more) I wasn't expecting TGA to start moving up until mid month but if this continues, it should put downward pressure on the market.