Market liquidity being sucked out with QT and numerous treasury
issuances to finance the gov't spending (someone has to purchase
the debt and foreigners have been reducing such purchases).
This shows up first in periphery markets and then eventually
towards the generals (all has been unfolding for the past
year)
That's unfolding in stealth mode week after week until
it's not - only two things really matter in markets. How much
money is available and how much is chosen to be invested (for every
market). This is like a wet blanket over the market but does
not negate gyrations day to day. This has been unfolding for
many months already while guys like Tom Lee were looking for new
highs last year. Like Tom Cruz said - "show me the
money"
Market liquidity being sucked out
Posted by steve on 3rd of Jan 2023 at 12:11 pm
Market liquidity being sucked out with QT and numerous treasury issuances to finance the gov't spending (someone has to purchase the debt and foreigners have been reducing such purchases). This shows up first in periphery markets and then eventually towards the generals (all has been unfolding for the past year)
Would like to see JNK
Posted by rbreese on 3rd of Jan 2023 at 12:21 pm
Would like to see JNK and HYG take a dump to confirm the reduction in liquidity issue
That's unfolding in stealth mode
Posted by steve on 3rd of Jan 2023 at 12:38 pm
That's unfolding in stealth mode week after week until it's not - only two things really matter in markets. How much money is available and how much is chosen to be invested (for every market). This is like a wet blanket over the market but does not negate gyrations day to day. This has been unfolding for many months already while guys like Tom Lee were looking for new highs last year. Like Tom Cruz said - "show me the money"
You are right, Steve. Buy
Posted by imelhoe on 3rd of Jan 2023 at 01:20 pm
You are right, Steve. Buy back blackout too ahead of earnings so be careful with being too bullish