Methodology

Two rules. Every figure comes from the primary release, fetched automatically. Every caption is computed from the series it sits under — so a caption can never disagree with its chart, and nothing is stale without saying so.

Fiscal flows

From the U.S. Treasury’s Daily Treasury Statement via the FiscalData API. Withdrawals are all Treasury General Account payments excluding redemptions of maturing debt. Deposits are all receipts excluding proceeds of new debt. Net government transfers = withdrawals − deposits: the net flow of dollars from the government to everyone else before any financing. Fiscal-year-to-date figures use Treasury’s own FYTD column; year-over-year compares with the statement nearest to, but not after, the same date a year earlier. The 10-day average uses business days; the monthly run-rate is that average × 20.

How captions are written

For each series the engine computes: the latest change; the run of consecutive moves in the same direction and its cumulative size; the last time a move was at least this large (“biggest increase in five weeks”); the last time the level was beyond today’s (“highest level in three months”, or “a new high” for a record across the full published history); the change from a year earlier; and, for bank balance-sheet series, the year-over-year growth rate and its change in tenths of a point. Statements are only made when the gap is at least three periods.

Hand-entered series

AAII sentiment, the Cboe put/call ratio and the Baker Hughes rig count have no free machine-readable source. They are entered weekly from the publisher’s release. Their pages show the as-of date and flag themselves when a week is missed.

Every series

Fiscal Flows

Net Government Transfers — Fiscal Year to Date — Federal spending minus federal receipts, excluding debt operations, summed over the fiscal year — the dollars the government has added to the private sector's income this year.
Treasury Withdrawals (Government Spending) — Fiscal Year to Date — All cash paid out of the Treasury General Account this fiscal year, excluding redemptions of maturing debt.
Treasury Deposits (Government Receipts) — Fiscal Year to Date — All cash received into the Treasury General Account this fiscal year, excluding proceeds of new debt.
Employment & Withholding Tax Deposits — Fiscal Year to Date — Individual income and FICA taxes withheld from paychecks, deposited daily. The fastest hard read on aggregate payrolls — weeks ahead of the jobs report.
Daily Treasury Withdrawals — 10-Day Average and Monthly Run-Rate — Average daily TGA withdrawals over the last ten business days; ×20 gives the monthly run-rate of fiscal spending.
Unemployment Insurance Benefit Payments — Daily, 10-Day Average — Unemployment insurance benefits paid from the Treasury, 10-day average of daily withdrawals.
Interest Paid on Treasury Securities — Fiscal Year to Date — Cash interest the Treasury has paid to holders of its securities this fiscal year.
Treasury General Account (TGA) Balance — The government's checking account at the Fed, Wednesday level from the H.4.1 release.

Bank Credit (H.8)

Bank Credit, All Commercial Banks — Total loans, leases and securities held by U.S. commercial banks.
Loans and Leases in Bank Credit, All Commercial Banks — All loans and leases on commercial bank balance sheets.
Commercial and Industrial Loans, All Commercial Banks — Bank loans to businesses for working capital and investment.
Real Estate Loans, All Commercial Banks — Residential and commercial real estate loans combined.
Residential Real Estate Loans, All Commercial Banks — Mortgages and home-equity lines held by commercial banks.
Commercial Real Estate Loans, All Commercial Banks — Loans secured by office, retail, multifamily and construction property.
Consumer Loans, All Commercial Banks — Credit cards, auto and other consumer loans.
Credit Card Loans, All Commercial Banks — Credit card and other revolving plan balances.
Automobile Loans, All Commercial Banks — Auto loans held by commercial banks.
Revolving Home Equity Loans, All Commercial Banks — Revolving home-equity lines drawn at commercial banks.
Securities in Bank Credit, All Commercial Banks — Treasuries, agency debt, MBS and other securities held by banks.
Treasury and Agency Securities, All Commercial Banks — U.S. Treasury and agency securities held by commercial banks.
Mortgage-Backed Securities, All Commercial Banks — Agency mortgage-backed securities held by commercial banks.
Deposits, All Commercial Banks — Total deposits at U.S. commercial banks.
Total Assets, All Commercial Banks — The full balance sheet of U.S. commercial banks.
Residual (Assets Less Liabilities), All Commercial Banks — Assets less liabilities — a rough proxy for bank equity capital.

Fed Balance Sheet (H.4.1)

Federal Reserve Balance Sheet — Total Assets — Total assets of the Federal Reserve, Wednesday level.
Federal Reserve Holdings of U.S. Treasury Securities — Treasury securities held outright by the Fed.
Federal Reserve Holdings of Mortgage-Backed Securities — Agency MBS held outright by the Fed.
Reserve Balances with Federal Reserve Banks — Deposits banks hold at the Fed, Wednesday level.
Federal Reserve Foreign Currency Denominated Assets — Fed holdings of foreign currency assets, including swap-line usage.
Overnight Reverse Repo Facility (ON RRP) Usage — Cash money funds park at the Fed overnight through the ON RRP facility.
Fed Reverse Repos, Total (H.4.1) — incl. Foreign Official — All reverse repurchase agreements on the Fed's balance sheet, Wednesday level: the ON RRP facility plus the foreign official and international accounts pool.

Oil & Petroleum

U.S. Commercial Crude Oil Inventories (Weekly) — Commercial crude oil stocks excluding the Strategic Petroleum Reserve.
U.S. Gasoline Inventories (Weekly) — Total motor gasoline stocks.
U.S. Distillate Fuel Oil Inventories (Weekly) — Distillate (diesel and heating oil) stocks.
U.S. Gasoline Demand (Product Supplied), 4-Week Average — Finished motor gasoline product supplied — EIA's proxy for consumption.
U.S. Distillate Demand (Product Supplied), 4-Week Average — Distillate fuel oil product supplied.
U.S. Jet Fuel Demand (Product Supplied), 4-Week Average — Kerosene-type jet fuel product supplied.
U.S. Refiner Net Input of Crude Oil, 4-Week Average — Crude oil run through U.S. refineries.
U.S. Finished Motor Gasoline Production, 4-Week Average — Refinery and blender net production of finished motor gasoline.
U.S. Distillate Fuel Oil Production, 4-Week Average — Refinery and blender net production of distillate fuel oil.
U.S. Crude Oil Exports, 4-Week Average — Crude oil exported from the U.S.
U.S. Petroleum Product Exports, 4-Week Average — Refined petroleum products exported from the U.S.
U.S. Field Production of Crude Oil (Weekly) — Domestic field production of crude oil.
U.S. Net Exports of Crude Oil and Petroleum Products, 4-Week Average — Exports minus imports of crude oil and petroleum products combined.
Baker Hughes U.S. Oil Rig Count — Active U.S. rotary rigs drilling for oil, Friday release.
Baker Hughes U.S. Natural Gas Rig Count — Active U.S. rotary rigs drilling for natural gas.

Sentiment

AAII Bullish Sentiment (Weekly Survey) — Share of AAII members expecting stocks to rise over the next six months. Long-run average ≈37.5%.
AAII Neutral Sentiment (Weekly Survey) — Share of AAII members expecting stocks to stay flat. Long-run average ≈31.5%.
AAII Bearish Sentiment (Weekly Survey) — Share of AAII members expecting stocks to fall. Long-run average ≈31.0%.
AAII Bull-Bear Spread — Bullish minus bearish share in the AAII survey.
CBOE Total Put/Call Ratio — Puts traded divided by calls traded across CBOE options, end of week.

Positioning (COT)

Gold (COMEX) — Managed Money Net Position (COT) — Hedge funds and CTAs ("managed money") net long minus short in Gold (COMEX) futures, from the CFTC's weekly Commitments of Traders.
Silver (COMEX) — Managed Money Net Position (COT) — Hedge funds and CTAs ("managed money") net long minus short in Silver (COMEX) futures, from the CFTC's weekly Commitments of Traders.
Platinum (NYMEX) — Managed Money Net Position (COT) — Hedge funds and CTAs ("managed money") net long minus short in Platinum (NYMEX) futures, from the CFTC's weekly Commitments of Traders.
Palladium (NYMEX) — Managed Money Net Position (COT) — Hedge funds and CTAs ("managed money") net long minus short in Palladium (NYMEX) futures, from the CFTC's weekly Commitments of Traders.
WTI crude oil (NYMEX) — Managed Money Net Position (COT) — Hedge funds and CTAs ("managed money") net long minus short in WTI crude oil (NYMEX) futures, from the CFTC's weekly Commitments of Traders.

Markets

S&P 500 Index — Daily Close — S&P 500 Index — Daily Close as published by FRED.
Dow Jones Industrial Average — Daily Close — Dow Jones Industrial Average — Daily Close as published by FRED.
Nasdaq Composite — Daily Close — Nasdaq Composite — Daily Close as published by FRED.
10-Year Treasury Yield — 10-Year Treasury Yield as published by FRED.
2-Year Treasury Yield — 2-Year Treasury Yield as published by FRED.
Brent Crude Oil Spot Price — Brent Crude Oil Spot Price as published by FRED.

Macro Releases

CPI Inflation Rate (Year over Year) — Consumer Price Index for all urban consumers, percent change from a year earlier.
Core CPI Inflation Rate (Year over Year) — CPI excluding food and energy, percent change from a year earlier.
PPI Final Demand (Year over Year) — Producer Price Index for final demand, percent change from a year earlier.
U.S. Retail and Food Services Sales — Advance monthly retail and food services sales, seasonally adjusted.
Industrial Capacity Utilization — Share of industrial capacity in use (Fed G.17).

Corrections

If a source revises, the page revises on the next refresh. If we get something wrong, the correction is noted on the page — not silently fixed.