The Real Vision Daily Briefing

We are amidst a blow off top a topping process liquidity is very weak after it's been relatively stable and strong on the back of both TGA drawing down which many people as well as all the liquidity that was provided to banks into the bank run in March. What hasn't happened yet is the unpinning of that ball so again it tends to take longer than you expect. We're starting to see the things that we've been looking for but I would be very cautious here in the fall, especially not just in general.