US Stocks Enter a More Complicated Investment Environment US equities are entering a more demanding market environment as investors balance strong corporate earnings against higher Treasury yields, persistent inflation concerns and renewed geopolitical uncertainty. The S&P 500 has remained relatively resilient, but the backdrop has become more complicated as the Federal Reserve continues to respond to above-target inflation....
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Collapsing market liquidity is flashing red everywhere. The Federal Reserve’s Repo hit a record 351BN, its biggest weekly jump in history in the first week of November. The Repo market is an important component of the capital market, which provides short-term liquidity The last time the $3 trillion Repo Market blew up was in mid-September 2019 when the Repo rates spiked to 10%. I remember forecasting market turbulence, bearing...
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