With all the FUD that's going around in the market, I look back to dr. copper! Sometimes it's important to look back at the fundamentals and then you'll realize, everything is playing out the way it should.
I don't believe the current liquidity strain on the system (High SOFR spreads, Large TGA build up, Lowest reverse repo reserves, Low bank reserves) will last too long before the printer restarts. Powell knows this!
- Extreme bearish deviation from the mean on the COPPER/GOLD ratio
- Massive macro pitchfork bottom reoccurring
- Small caps can't catch a breath
- All while talks of QE just being around the corner!
I don't believe the current liquidity strain on the system (High SOFR spreads, Large TGA build up, Lowest reverse repo reserves, Low bank reserves) will last too long before the printer restarts. Powell knows this!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.