MARK IT ON YOUR CALENDARS
It’s that time again. At the end of this month, the Federal Reserve has over $30 billion of notes maturing. I won’t rehash what this might mean for the market, rather for those not familiar, I ask you to go read Pink Tickets On QT Days.
Let’s do a quick recap at what happened at the previous big QT day - last month end - May 31st, 2018:
Another large QT maturity day, and another down day in spooz.
Let’s update the table with the recent QT maturity days to have a peek at what it looks like now:
The streak is alive and well. QT days have been rather large down days for the S&P 500.HT: ZH
And this month’s maturity is another big one - over $30 billion....MORE