Daily Treasury Statement Charts Update: 8/4/11

An update of the Daily Treasury Statement Charts:

 

Daily Treasury Statement - Total Operating Balance Vs S&P 500

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The total operating balance of the US Treasury fell by $6 billion on Thursday (latest). The major equity indices and US bonds were down by around 0.5% on Friday. The metals and grains continued their tear higher, and the dollar continued its downtrend against other fiat currencies. The interpretation of the lagged daily treasury statement charts (see below) remains the same: that (perhaps after a small correction) this up-trend could continue for about 4 weeks. Of course, I should remind you that this interpretation could be deemed to be alchemistic in nature. The broad thesis is that net withdrawals are bullish for asset prices (on a lagged basis) and net accumulations of cash are bearish for asset prices (on a lagged basis). For a more detailed interpretation of these charts see here.

 

Daily Treasury Statement - Total Operating Balance Vs Dow (LAGGED)

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Daily Treasury Statement - Total Operating Balance Vs S&P 500 (LAGGED)

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Daily Treasury Statement - Total Operating Balance Vs Russell 2000 (LAGGED)

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Daily Treasury Statement - Total Operating Balance Vs VIX (LAGGED)

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See here for our collection of rare historical economic data.

Posted Apr 9, 2011