REMEMBER WHEN WE WORRIED ABOUT LIQUIDITY?

Well, the 'tourist is worried again...

I’d like to take you back to August 2022. At the time, the Federal Reserve had just begun its Quantitative Tightening program, and many market pundits were worried about the negative effect it would have on the stock market. It’s quaint to think about now, but with the higher interest rates and shrinking balance sheet, most forecasters were convinced a …