$600B TGA spend-down, RRP drying up, DXY ripping. Fed balance sheet still running down.
Investors should brace for possible shifts as the tightening continues, with bigger moves on the horizon. RRP nearly drained pic.twitter.com/wIFR4J106L — Max Anderson (@MaxAnderson) January 23, 2025 DXY ripping (drives down global liquidity) pic.twitter.com/ZK32fgsPeW — Max Anderson (@MaxAnderson) January 23, …