``Bank buying of Treasuries has been very weak, another sign that they are under pressure... Institutional money funds have dropped to a new low... An indicator of cash creation that has a strong correlation to the stock market dropped sharply last week... There’s plenty of reason there to be concerned about a market downturn. But the Fed will continue to pump, and the Treasury will be paying down another $175 billion in Supplementary Financing Program (SFP) Cash Management Bills (CMBs) over the next 7 weeks. That could be enough to keep a happy face on things for a while longer. ''

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