misleading chart (and narrative) tbh. has more to do with price increase in gold and valuation effects on USTs than any real shift in reserve preference or flows.
if you looked at USTs at par value, the gap would still be huge.
misleading chart (and narrative) tbh. has more to do with price increase in gold and valuation effects on USTs than any real shift in reserve preference or flows.
if you looked at USTs at par value, the gap would still be huge.
retail doesn’t have the firepower to carry this cycle’s final leg like in 2021
say your prayers to Michael Saylor and Thomas Lee tonight because institutions levering up even more is the only way we keep pumping through Q4 🙏
can't wait for all the deeply informed economic analysis about rates, inflation and labor from drug addicts, community college drop outs and people still wearing NFT pfps on crypto twatter today
the people who don’t realize their timeline only feels different this bull market because their mutuals are more experienced and better at knowing where we are in the cycle
=
the same people who can’t answer how they’d feel if they skipped breakfast this morning
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