The US Daily Cash Surplus for Monday 11/4/2013 was $6.8B, following up 11/1’s $55.6B deficit that I did not get a chance to post.
It’s really too early to make too much of the charts, but 4 days in, nothing is really standing out. Note that as I typically do…I have synchronized 2013 and 2012 to give us more relevant YOY comparisons. November 2012 has an extra business day….it started on a Thursday, while 2013 started on a Friday. This makes the sync fairly easy…I’ll just give 2012 the extra day from the beginning, and other than the holiday, everything else should fall into place. So today’s chart is comparing 3 business days of 2012 ending on Monday 11/5 to 2 business days of 2013…ending Monday 11/4. Revenues and outlays are primarily driven by day of week patterns, so while not perfect…it’s as good as it’s gonna get, and by the end of the month, that extra day will be more or less immaterial.