Normalization Blues

The latest Fed liquidity data is in, and it’s striking how we’ve come “full circle” with these multi-trillion dollar government stimulus efforts.

Black and Gray Laptop Computer

Image Source: Pexels

The latest Fed liquidity data is in, and it’s striking how we’ve come “full circle” with these multi-trillion dollar government stimulus efforts.

Fed Total Assets


Reverse Repo


March 2023 Bank Bailout


The coolest part of all is that, combined to project market direction, we get a result which is a beautiful rounded top similar to the one which completed in the first quarter of 2022.


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