QQEW - The White House Fed Inflation And Flow Of Funds For September 2021

• The private domestic sector balance increased by over $219+ billion in August 2021, thanks to federal government fiscal support and commercial bank credit creation. The change rate fell though.
• Credit creation from commercial banks was stronger at $112B+, well up from last month.
• Looking forward, rising world macro and national seasonal fiscal flows point to a rising market into the rest of the calendar year.
• The federal tax take on the 15th of September will provide a buy the dip opportunity that appears to be forming now.
• The $1T infrastructure package looks like it is through and we can now hope for the $3.5T reconciliation package to come after it to propel markets forward.

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