The NASDAQ's Liquidity Is Drained

I think the bulls want to see yields go higher as counterintuitive as that might sound because it speaks to maybe an economy that's getting back on its feet. The flip side is if yields go down, that might seem bullish, but it's not bullish because theEconomy slowing down. I can't put my finger on it. QT isn't going to stop. Corporate taxes are due. You've got the rebuild of the Treasury general account with like $1.4 trillion. And you've got ongoing QT, which so far has actually been offset by the draining. Of the treasury account. We have to refill it.