@Steve - in the intro to last night's newsletter you mentioned that you noticed changes to (secondary & primary) liquidity a while back.

    How do you track/monitor that?  Is it simply bid/ask spreads or do you have indicators or indexes that you follow?

    Appreciate any insights.

    Good question - simply by

    Posted by steve on 13th of May 2022 at 08:19 am

    Good question - simply by looking at order flow on various stocks (dried up).   Liquidity issues begin on tertiary investments (smaller names) and then spread gradually through the market until reaching the Generals. 

    Similarly the recent plunge in bonds, equities and crypto will not be fully evident in the economy for at least 6+ months so good luck to JP with his soft landing.  Just for perspective the relatively small entire Crypto market was estimated  to total approximately $2.85 Trillion and recently lost $1.7 Trillion after this week's collapse  

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