Bad, Bad, Good?
Assessing Tensions Between Economies and Policy Makers
Wall Street is keeping pace with rising Global Liquidity, as confirmed in the chart below between our weekly US dollar measure and the S&P500. Global Liquidity stands at an all-time high of US$171 trillion. Looking ahead, we are optimistic for significant further gains and continue to believe that this cycle will not peak out before late 2025. However, markets do not move in straight lines. It is, therefore, worth remembering two things.
Keep reading with a 7-day free trial
Subscribe to Capital Wars to keep reading this post and get 7 days of free access to the full post archives.