The 4-Week T-Bill Is Actually a Secret “Liquidity Hack”

I see intermarket analysis (the idea that other markets can be predictors of the stock market) mostly as a big waste of time. Often, what correlates today won’t correlate a year from now, or the correlation may even reverse. The best way to analyze and forecast stock price trends is to analyze stock prices themselves. That’s the basis of technical analysis (TA). I spend about half my time on TA in my analytical work for The Wall Street Examiner Pro Trader Market Updates (

But there is an exception to the rule that intermarket analysis is useless….and it’s the U.S. Treasury market.

If you know what to look for, Treasuries-in particular, the 4-week T-Bill-can tell you something very important about liquidity and which direction the money is flowing. That, in turn, will ultimately tell you where the stock market is headed.

Here’s how it works.

Here’s Why Janet Yellen Is a Revolutionary Hero

Financial media pundits have been breathlessly speculating lately about who the next Fed Chair will be. Will it be Yellen again? Will it be Cohn? Will it be Warsh? Or will it be somebody else?

I have a pretty good idea, and if I were handicapping this race, I’d give Warsh 3-2 odds.

But among the names that have been floated to replace Yellen, there have been no radicals except Yellen herself. The rest of the horses in the race are all members of the Washington-Wall Street-axis-establishment echo chamber.

If there’s a radical in the crowd, it’s Madame Chair herself. Yellen, who is the shortest Fed Chair in history, even shorter than Bernanke, is growing in stature in my eyes.

Here’s why Yellen is a hero – and why her legacy will remain even if Trump says, “You’re fired!” on his current “reality” show production.   

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