https://3speak.tv/watch?v=taskmaster4450/jmnxfiew
I usually do not make market calls. However, since early in the year, we saw liquidity moving into the system. This reverses what took place for about 18 months. While the Fed is still technically tightening, i.e. reducing their Treasuries, there are other areas where the net effect is much changing.

In this video I discuss some moves, especially by the US Treasury, that is going to have an impact. Liquidity means grasping the entire system, including the central bank and eurodollar (cross border) system. Here we could see balance sheet expansion, even though it doesnt have a direct impact upon liquidity in the economy.

This is what markets were looking for.