Over 15 Months $4.7 trillion was added to the National Debt.
The Federal Reserve purchased $2.442 trillion in US government bonds.
US Central Bank monetized more than 50% of the US Debt during
the first year of the pandemic.
No single entity bought more US bonds than the Fed – Foreign Investors,
US Banks, US Corporations, and Individual Investors.
The Debt Ceiling will need to make it through the Senate, which will
use reconciliation.
It remains in stasis for the next several weeks, giving Wall Street cover
to begin further distributions as planned.
Quite often the best-laid plans come to pass, sometimes they do not
as we have seen the Price of the NQ fall below the prior consolidation
zone.
A great deal hinges on today, there will be a reactionary trade into
the final hour is when we will see the real ST trend indications.
They may well be a misdirection, patience will prevail into October.
Anticipate the Gap Fill on the VXN and VIX - although the Indicies are
not moving in lockstep with a direct correlation, but wildly volatile
as this pullback in Volatility completes.
Observation Day ahead - HK
The Federal Reserve purchased $2.442 trillion in US government bonds.
US Central Bank monetized more than 50% of the US Debt during
the first year of the pandemic.
No single entity bought more US bonds than the Fed – Foreign Investors,
US Banks, US Corporations, and Individual Investors.
The Debt Ceiling will need to make it through the Senate, which will
use reconciliation.
It remains in stasis for the next several weeks, giving Wall Street cover
to begin further distributions as planned.
Quite often the best-laid plans come to pass, sometimes they do not
as we have seen the Price of the NQ fall below the prior consolidation
zone.
A great deal hinges on today, there will be a reactionary trade into
the final hour is when we will see the real ST trend indications.
They may well be a misdirection, patience will prevail into October.
Anticipate the Gap Fill on the VXN and VIX - although the Indicies are
not moving in lockstep with a direct correlation, but wildly volatile
as this pullback in Volatility completes.
Observation Day ahead - HK
