What’s on Raoul Pal's Mind?
Real Vision: Finance & Investing
00:00
Global Liquidity and Equity Markets
The NASDAQ and global liquidity index is a combination of the G5 central balance sheets plus money supply. It has a correlation of 97%. So there is no argument liquidity is the key driver. You may hate it, but it is what it is; you can't argue against it. The longer they keep rates up, the more probability is they have to cut rates rapidly later, says Howell.
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