Monday, October 12, 2015

Early Treasury data not encouraging for economy, stocks, dollar

We're only six statement days into the new fiscal year, however, Treasury data is not encouraging. Employment tax deposits collected by Treasury are 5.5% below where they were at the same time last October and total withdrawals (spending) is 9.1% below last year. Short dollar. Stock market upside limited from here as I said.

No comments: