Spread ‘Em

Time for the first Fed Spread of the year! Usually, I share this just with my beloved Gold and Platinum members, but this time I’ll open it up to all. Here are the three component parts:

Overnight REPO Rate Chart

Total Assets Price Chart

Liabilities and Capital Price Chart

Run the math, and you get the result: we’re about 150 points on the S&P 500 Futures too high.

FR:WALCL / FR:WTREGEN Chart

FR:WALCL / FR:WTREGEN-1000FR Chart

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