FED REPO TEST A FAILURE?

ZERO STORY LINK HERE Transports weakish today....all we got is LOWER REVNUES and "best the street"...same old dog and pony...

WHAT IF IT DOESN'T WORK? and WHO has THE CASH???

"The New York Fed has been working over the past year to ensure 'this tool will be ready when and if' the policy-setting Federal Open Market Committee decides to use it.
In a reverse repo, the Fed sells assets such as Treasuries for cash with an agreement to buy them back at a higher price at a later date. Federal Reserve policy-makers have said that this could be one tool to drain excess reserves from the banking system when the time comes to tighten policy."

D