‘Less Cash To Propagate Financial Assets’: JPMorgan Warns On Liquidity

Before the A.I. frenzy shifted into overdrive, rally skeptics explained equity market resilience by way of an ex-US global liquidity impulse. The narrative went something like this. Bond-buying by the Bank of Japan along with PBoC lending and ECB draws helped offset Fed QT, resulting in a net increase in global liquidity. That was the "oxygen" that allowed stocks to stay alive in the "death zone," as Morgan Stanley's Mike Wilson put it in February, using a mountaineering analogy. Post-SVB, som

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints