Monday Morning Wake-Up Call: $30 Billion QT Hammer Will Slam The Spooz


The streak is alive and well. QT days have been rather large down days for the S&P 500. And this month’s maturity is another big one – over $30 billion…..I was surprised to find that government bonds can mature on a weekend…… This means that this month’s QT maturity day effect will occur on Monday – not Friday’s month end. So mark it in your calendars – Monday July 2nd spooz should trade heavy if this QT theory holds true.