You are a free subscriber to Me and the Money Printer. To upgrade to paid and receive the daily Capital Wave Report - which features our Red-Green market signals, subscribe here. Dear Fellow Traveler: I’m going to keep this one quick. There’s a reason why the market continues to find stability… And it’s all right here… The Federal Reserve was supposed to be tapering its balance sheet down from $25 billion per month to… $5 billion per month. That means… letting things roll off the balance sheet. But here’s June so far… These are the U.S. Treasury acutions… The Federal Reserve System Open Market Account (SOMA) is dollar-denominated assets acquired through open market operations. June 10 – 3-Year Note Total Accepted: $58,000,003,200 Fed SOMA: $1,043,064,200 So… on June 10… the Fed bought $1.04 billion… June 10 – 364-Day Bill Total Accepted: $48,000,804,300 Fed SOMA: $1,568,671,200 June 11 – 9-Year 11-Month Note Total Accepted: $39,701,375,700 Fed SOMA: $701,370,600 June 12 – 29-Year 11-Month Bond Total Accepted: $22,395,657,700 Fed SOMA: $395,645,000 June 16 – 19-Year 11-Month Bond Total Accepted: $14,293,677,600 Fed SOMA: $1,293,674,900 June 17 – 4-Year 10-Month TIPS Total Accepted: $25,288,893,600 Fed SOMA: $2,288,809,400 June 18 – 56-Day Bill Total Accepted: $55,218,838,200 Fed SOMA: $216,792,200 June 18 – 28-Day Bill Total Accepted: $65,505,607,700 Fed SOMA: $256,209,000 June 23 – 91-Day Bill Total Accepted: $79,236,536,500 Fed SOMA: $3,223,399,300 June 23 – 183-Day Bill Total Accepted: $70,884,503,100 Fed SOMA: $2,884,094,100 June 24 – 2-Year Note Total Accepted: $75,866,447,200 Fed SOMA: $6,866,428,500 June 24 – 42-Day Bill Total Accepted: $57,332,746,700 Fed SOMA: $2,332,723,300 June 25 – 5-Year Note Total Accepted: $76,966,020,900 Fed SOMA: $6,965,941,900 June 25 – 119-Day Bill Total Accepted: $63,264,275,300 Fed SOMA: $263,726,000 Do you see it? The Fed was supposed to reduce its balance sheet. It bought $30.3 billion in U.S. debt over 14 auctions. And we have a week to go. This is monetization… Money printer goes… BRRR… Stocks go higher. No one in the media explains it to the American people. Stay positive, Garrett Baldwin About Me and the Money Printer Me and the Money Printer is a daily publication covering the financial markets through three critical equations. We track liquidity (money in the financial system), momentum (where money is moving in the system), and insider buying (where Smart Money at companies is moving their money). Combining these elements with a deep understanding of central banking and how the global system works has allowed us to navigate financial cycles and boost our probability of success as investors and traders. This insight is based on roughly 17 years of intensive academic work at four universities, extensive collaboration with market experts, and the joy of trial and error in research. You can take a free look at our worldview and thesis right here. Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.
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