‘Powell QT in full force, TGA liquidity drain,stronger $$, higher rate indirectly drain the liquidity…’
They’re removing money from the system: TGA filling is just one of many liquidity drain factors the market is currently facing 1) Powell QT in full force,down ~50B in a wkdown ~100B in last 2 wks + more coming 2) TGA liquidity drain 3) stronger $$&4) higher rate indirectly drain the liquidity 5) super bearish🦃 …