Global Liquidity Continues Negative Trend, but Macro Outlook Remains Bullish

We continue to see a negative trend in Global liquidity, as pointed out by the most recent readings from our AE Liquidity Heatmap.
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This is a continuum from what we have been tracking-the inability of global liquidity to hold above the positive momentum line.
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Earlier in the week, we discussed the impending liquidity boost expected in Q4.
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Though it may be going through some short-term blows, the macro outlook remains bullish.

The Fed seems set to add more liquidity into the system, and commercial banks have already ramped up their securities holdings.

The RoC indications continue to remain positive, suggesting there is still some resilience despite the current signals displayed within the AE Global Liquidity Heatmap.