Forward Guidance

Expect a 30% Correction in Stocks, Says Godfather Of Global Liquidity | Michael Howell

Apr 21, 2022
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Episode notes
1
Introduction
00:00 • 3min
2
The Importance of Funding Liquidity
02:45 • 3min
3
The Implications of Liquidity on Asset Markets
05:52 • 3min
4
The Volatility of Risk Assets
08:54 • 2min
5
The Liquidity Cycle and the Economic Cycle
10:30 • 3min
6
The Liquidity Cycle and the Risk Appetite
13:22 • 4min
7
The Average Liquidity Cycle for the S&P 500
16:57 • 2min
8
The Fed's Tightening of the S&P 500
18:52 • 2min
9
The Fed's Tightening of the Financial Instrument Asset Class That Breaks
21:05 • 3min
10
The Credit Cycle in Black Is in Front of Above the Yield Curve
23:46 • 2min
11
The Importance of Passing Through Inflation Expectations
25:27 • 2min
12
The Risk Reward of Long-Term Government Bonds
27:41 • 2min
13
The Global Liquidity Index Doesn't Apply to the Stock Market
30:01 • 2min
14
The Federal Reserve's Rapid Rise in Front Date Yields
32:25 • 3min
15
The Convexity of the Yield Curve
35:10 • 4min
16
The Flattened Yield Curve in the Bond Market
38:44 • 3min
17
The Fed's One-Three Spread Indicates a Refinancing Mechanism
41:37 • 2min
18
The People's Bank of China Is Flatlined
43:31 • 4min
19
The Federal Reserve's Control of the Dollar Markets
47:05 • 3min
20
The Importance of Liquidity in the Oil Market
50:33 • 3min
21
The Importance of Diversification in Financial Markets
53:27 • 5min
22
The Future of the US Dollar
58:05 • 2min
23
The Dangers of Trade Wars
01:00:18 • 3min
24
The Fed's Repair of the System
01:03:04 • 5min
25
The Yield Curve for the Long End of the Market
01:08:23 • 2min
26
The Federal Reserve's Plan to Taper
01:09:58 • 4min