The Treasury Department and the Fed have drained $150 billion in market liquidity since the debt ceiling deal

MarketsInsider/Filip DeMott/6-22-2023

“Investors have generally forgotten this story, because there wasn’t an immediate negative reaction to the equity market. I think there’s a chance here for a surprise.” –  Dan Clifton, Strategas

USAGOLD note: The drain is accelerating. Half of it drain occurred over a three-day period around the time the Strategas report was published.