WIDENING CRACKS IN FLOWS & LIQUIDITY APPEARING I am becoming increasingly concerned about Flows & Liquidity. The Fed’s sustained QT measures are still occurring and the cumulative effect is now reverberating through the financial markets. Money Supply as the primary driver of the market has recently begun to diverge from the equity markets. It appears […]
THE MISSING LIQUIDITY PREMIUM FOR THE $5T PE / VC PLAYERS Ebullient markets have been going for long enough to forget what a ‘liquidity premium’ truly means. Accounting for US$20tn of central bank liquidity is by no means easy, but we have a hunch about where an outsized re-allocation of capital might have landed. While […]
CHINESE CREDIT EXPLODES HIGHER – AGAIN!! Just after 4am ET (04-12-19), the S&P futures surged above 2,900 when the PBOC reported that in March, new yuan loans jumped by 1.69 trillion, far above 1.25 trillion estimate, while total social financing in March soared higher by 2.86t yuan – the highest March increase on record; smashing the 1.85 […]
GLOBAL MARKETS ARE FOLLOWING MONEY SUPPLY – PERIOD! — MATASII RESEARCH ANALYSIS & SYNTHESIS — Global Markets are following Global Money Supply Growth NOT Economic News! “Just because they’re buying doesn’t necessarily mean that they know what they’re doing.” That is because these momentum moves just defy reason. You have to be able to shut […]
CHINA JUST BORROWED 5% OF GDP IN ONE MONTH – COMPARABLE ONLY TO WWII LEVELS A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE MATASII SYNTHESIS: Rabobank strategist, Michael Every via ZH China’s PPI data said it is sliding into deflation again – and borrowing for January was insane. If the January pace […]
THE MARKET RALLY IS TIED TO CHINA’S CREDIT IMPULSE – HOW WE’RE DOING & WHAT TO WATCH A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-RESEARCH & PUBLIC ACCESS ) READERS REFERENCE MACRO: REGIONAL – CHINA MATASII SYNTHESIS: There are reports on the web that confirm the levels of liquidity that China has started flooding its financial markets with. […]
ARE BANKS HOARDING US TREASURIES TO “LIQUIDITY HEDGE”? A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE SOURCE: 02-08-19 – Alhambra, Jeffrey Snider – “Big Things: The Hoard Gets Bigger” MATASII SYNTHESIS: MARCH 2016: The dollar world was a smoldering wreck, and because of that global bond yields were still falling. Liquidity hedging was […]
PRIMARY DEALERS INCREASINGLY FORCED TO BUY TREASURIES AS FOREIGN BUYERS BALK A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE SOURCE: 02-08-19 – “Primary Dealer Treasury Holdings Hit All Time High As Foreign Buyers Balk” MATASII SYNTHESIS: Foreign investor demand has been steadily declining in recent years. Foreign investors additionally already hold significant dollar […]
THIS IS HOW CHINESE LIQUIDITY INJECTIONS ARE DIRECTLY AFFECTING STOCKS A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE SOURCE: 02-x06-19 – KimbleCharting – “This Is How Chinese Liquidity Injections Are Directly Affecting US Stocks” MATASII SYNTHESIS: The only thing that truly matters is how much liquidity is being generated or drained by the Fed at any […]
GLOBAL CENTRAL BANK BALANCE SHEETS REACTED TO THE Q4 MARKET TURMOIL A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE MATASII SYNTHESIS: We are starting to get the evidence regarding central bank balance sheet activity beginning after the October 4th, 2018 market volatility began. Clearly the Central Bankers reacted and are still reacting. […]
