Performance

As of 02/20/2024 NY Market close, lagged net liquidity dips into 02/27 at least followed by a small bounce. The divergence remains large between liquidity and equities, so from a liquidity standpoint, the markets are overvalued. Let’s look at some other factors as well. From a macro standpoint, we have seen back to back hot

Once you understand why and how liquidity works (System Liquidity), you’ll understand the importance of the saying “Don’t fight the Fed”. The Fed has the biggest impact on global liquidity, and this liquidity is what drives the prices of assets, primarily equities. When the Fed’s actions are increasing net liquidity in the markets, we see