WE NEED TO TALK ABOUT PLUMBING
The 'tourist highlights a part of the market that is showing signs of stress
I know most folks would rather discuss the miracle that are AI stocks, or the saga of Donald Trump versus China, but there are plumbing issues lurking behind the scenes that demand our attention.
For the past few months, I have highlighted how the Federal Reserve’s Quantitative Tightening (QT) is slowly shrinking their balance sheet, and that we are appr…