Dom’s Quick Take: Liquidity Still Unlikely to Hinder Market Rally
- By Dominique Dwor-Frecaut
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- 1 min read
A month ago, I argued that the TGA rebuild would not impede the equity rally. I have been right so far, though I overestimated the decline in reserves. My mistake is consistent with the recent decline in the FFR, a sign of abundant liquidity.
A month ago, I argued that the TGA rebuild would not impede the equity rally. I have been right so far, though I overestimated the decline in reserves. My mistake is consistent with the recent decline in the FFR, a sign of abundant liquidity.
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