They’re removing money from the system:
TGA filling is just one of many liquidity drain factors the market is currently facing
1) Powell QT in full force,
down ~50B in a wk
down ~100B in last 2 wks + more coming2) TGA liquidity drain
3) stronger $$
&
4) higher rate indirectly drain the liquidity5) super bearish🦃 https://t.co/ayDLYrsBub
— Kerberos007 (@kerberos007) June 4, 2023
Update: Dow Jones Transportation Average
2008 vs 2023 https://t.co/DgAVqDMdlp pic.twitter.com/BRbJFRCE5P— Financelot (@FinanceLancelot) June 4, 2023