Liquidity

Liquidity

Frozen at the Top

Global Liquidity Snapshot  |  May 2026  |  W1 Four central banks. One trap. The wound at Hormuz. On April 29, 2026, Jerome Powell held his final press conference as Chair of the Federal Reserve. The following day, Christine Lagarde stepped before the cameras after the ECB's rate decision. Both said

Liquidity

Monthly Liquidity Snapshot

Liquidity & Sector Rotation  |  March 28, 2026  |  Liquidity Desk CENTRAL THESIS Four weeks into the Iran war, the liquidity data says risk-on and the sector data says get out. Both cannot be right. Net Fed Liquidity is up $57 billion month-over-month — technically a green light. But every sector except Energy