“Other” Reserves, Interest Payment, and Stock Market Dip.

ANG Traders
Aug 11, 2022

The class of reserves referred to as “other” are used to pay the quarterly Treasury interest on bonds. $40B — $50B is paid mid-quarter (August 15). In August of 2021, the SPX fell around the interest payment but rallied right after.

This year, the same pattern could be developing. We might see a drop in the SPX over the next 2–3 days and then a rally until the end of the month.

Join us at www.angtraders.com and stay on the right side of the primary trend.

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ANG Traders

Forty years of private equity trading, and still learning.