This is the metric that I've been watching for the past couple of months, the US FED reverse repo program. Banks / Insto's park their money in the FED overnight at 0.15% interest... if you look at the chart, its been sitting at all time record highs which shows just how much extra liquidity is out there.
You know the markets are silly when the smart money is hording money and isn't re-investing back into the markets because everything is at ATH, which is why it bugs me Zip is languishing at the levels it is. The fear is they're gearing up for a massive fire sale if the markets go t!ts up.
Also the FED capped this at 30B at one point per entity that could use this overnight parking facility, they've since upped it to 80B per entity, now doubling it to 160B USD just a few days ago.
I was reading how exposed Blackrock and Fidelity are with the bonds, it "could" have ripple effects and cause a huge tree shake in the markets. again all IMO - but it could just be a case of ultra high liquidity which will feed into inflation fears in the future. It has made me a little more cautious on how I invest over the next few months
Z1P Price at posting:
$7.23 Sentiment: Hold Disclosure: Held
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