The market has been manipulated by our friends at the Fed. They are intent on bankrupting everyone - except their crony's. The way they manipulated the market is with overnight, highly leveraged futures. I have discussed this at length in previous posts. This has resulted in a vast amount of non traded prices. This makes the current prices illusionary. If you look at the two markets below...you will recognize that they are the same market and the same timeframe. Only one of the markets has removed the Fed from the equation. Guess which chart is easier to analyze? And look at the projections...Technically the Second chart is much more compelling and clear to read...I am interested in your thoughts...
Fed’s Standing Repo Facility (SRF) Drops to Zero, from $75 Billion on the
Last Balance Sheet as Yearend Liquidity Turmoil Dissolves
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Unpacking the much-ado-about-nothing over year-end use of the Fed's pet
liquidity-providing mechanism, its standing repo facility.
1 hour ago

