SOMA That End of Month Bearishness?

Well, that remains to be seen. We are watching the tone of earnings season as the stock market grinds out its ongoing top-test. But aside from that, the associated sentiment backdrop and the lower volume seasonal, there is the Fed’s SOMA to consider.

At Biiwii, Rob Hanna presents a Quant study about SOMA weeks, and this got me thinking to check the QT bond maturity schedule at the New York Fed. This is where QT is slowly moving forward.

On July 31 nearly 28.7B matures, right in the dead of the summer dog days. Just sayin’…

soma

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