Liquidity Engine

Who's gonna tell you when 
It's too late?
Who's gonna tell you things
Aren't so great?
--The Cars

Fed liquidity index courtesy of CrossBorder Capital suggests that domestic liquidity stemming from central bank monetary policy is at series highs.

12m change in Fed liquidity suggests this might be largest boost in over 50 years @federalreserve @crossbordercap @SoberLook pic.twitter.com/Cve9027yiU

— Liz Ann Sonders (@LizAnnSonders) February 11, 2020

This is the engine powering stock markets higher.