Playback speed×Share postShare post at current timeShare from 0:000:00/Advanced Topics episodeThe full episode is only available to Advanced Topics subscribersSubscribe to watchCycles Warn of End of Year Pain Trade - Advanced TopicsMichael J. KramerOct 02, 2025∙ Paid21ShareThis post is for subscribers in the Advanced Topics planUpgrade to Advanced TopicsAlready in the Advanced Topics plan? Sign inNavigating The MarketSubscribeAuthorsMichael J. KramerRecent PostsDispersion Gets More Extremes As The T-Bill Liquidity Drain Begins23 hrs ago • Michael J. KramerJob Report Surprise Leads To Market Rotation As Semiconductor Weakness ContinuesJul 2 • Michael J. KramerA Complacent Market Drifts Into the June Jobs ReportJul 1 • Michael J. KramerThe Liquidity Drain Begins Next Week, As The Market Continues To Stretch Jun 30 • Michael J. KramerIntervention Won’t Fix The Yen and Why It May Weaken Much More - Advanced TopicsJun 30 • Michael J. KramerTreasury Bill Issuance and Volatility Could Become July’s Biggest HeadwindsJun 29 • Michael J. KramerInflations Is Drifting The Wrong WayJun 26 • Michael J. KramerThe Liquidity Drain Returns Next Week... Jun 25 • Michael J. Kramer