1) Repo fixed ✔️ : Fed launches Reserve Management Purchases (liquidity injections)
2) Treasury cash flood begins ✔️ : TGA balance down $78BN in one week (3rd biggest liquidity injection of 2025) 3) Meltup ✔️: stocks close at all time high Source: zerohedge
Here it is…
Fed’s first month of T-Bill purchases. $40 BILLION over the next month. Starts today at 9am.
The US National Debt has now increased by $2.2 trillion since the Debt Ceiling was raised back in July.
Source: Charlie Bilello
Powell the Provider.
Today was the 11th time since 1994 that the Federal Reserve cut rates when the S&P 500 was within 1% of a 52-week high. Nine of those cuts have occurred under Powell. Source: Bespoke @bespokeinvest
Here's a chart that shows the US labor market is improving - and not deteriorating.
The NFIB Small Business Optimism survey saw a rise in the number of firms who plan to increase employment versus decrease employment. Over the last 6 months, the rate-of-change exceeds 96% of all periods since 1985. Source: Jeff Weniger
"Low hire, low fire... low quitting"
In the US, number of quits plunges to 5 years low, as hiring slide accelerates Source: zerohedge
Consumer confidence down, stock market up
A K-shaped economy captured in one chart. (via Bianco Research thru HolgerZ)
Federal Reserve expected to begin buying back an all-time high $45 billion of debt each month beginning in January 🤯👀
Source: Barchart
