Daily Treasury Statement Charts Update: 11/4/11

An update of the Daily Treasury Statement Charts for 11/4/11:

 

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

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The total operating balance of the US Treasury fell by $11.5 billion on Friday (latest). Most conventional ‘risk assets’ closed slightly negative yesterday; with major equity indices, precious metals, and other commodities all taking a breather.

 

As I have written in previous updates - The interpretation of the lagged daily treasury statement charts (see below) remains the same: that (perhaps after a small correction) the 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 - Operating Balance Vs Dow (LAGGED)

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

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

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Daily Treasury Statement - Operating Balance Vs VIX (LAGGED)

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See here for our collection of rare historical economic data.

Posted Apr 12, 2011