Even tho the FED is pumping liquidity in - M1 and M2 Velocity is dropping - so everyone is holding onto $$ as long as they can if they have it and saving any spare (or investing it) if they have spare.
https://fred.stlouisfed.org/series/M2V
https://fred.stlouisfed.org/series/M1V
Tuesday, 19 May -- ATH, page-74
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| XJO (ASX) Chart |