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Andreas Steno – A Macro Framework: Regime Indicators & Beta-Trackers

Opto Sessions – Invest in the Next Big Idea

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Is QE Driving the US Treasury's Liquidity?

The liquidity addition that we should expect in February and March is not driven by QE, but rather by debt-sealing technicalities. The US treasury is simply forced from this state and until the end of April roughly to bring down the holdings of cash at the Federal Reserve. So when the treasury draws down on their account, private banks will receive it. And then our forward looking indicators for growth for February and March look pretty gloomy. But I would expect their equities to fairly easily weld with that cocktail for the time being.

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