Mar. 6 at 5:02 PM
$GLD $SLV $GDX $B $JNUG
1) Expect 4-5 rate cuts by Sept/Oct 2026
2) Expect the unemployment rate to reach 5%+
3) Warsh 1st FOMC on June 17 2026 in 103 days
4)
$9 trillion of US maturing debt THIS YR to be re-financed w/new debt.
5) M2 increased to
$22.442 trillion up from
$22.336
6) WTI Crude increased again today from the close yesterday from
$79.80 to
$88.60 = 12.1% in a single day
7) U.S. Treasury buys back another
$2 Billion of their own debt, now
$4.5 Billion total this week
Don't be surprised to see overnight repo amounts increase along w/The fed's "reserve management" increase as well to
$100+ billion monthly. I would expect a new fed program to come into existence soon & do not forget that the "reserve management" is essentially QE specifically for BANKS. Soon this market & economy will have to begin to price in failure with Trump's administration
