Home market By our calculations, from it’s peak in August 2020, total system liquidity %6M roc declined from 13.

By our calculations, from it’s peak in August 2020, total system liquidity %6M roc declined from 13.

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By our calculations, from it’s peak in August 2020, total system liquidity %6M roc declined from 13.

By our calculations, from it’s peak in August 2020, total system liquidity %6M roc declined from 13.7% to 3.9% in January. Dollar index has some catching up to do, R=-0.7. Almost forgot… U.S. 10Y yields doubled over the same time period. h/t J. Brett Freeze, CFA

By our calculations, from it's peak in August 2020, total system liquidity %6M roc declined from 13.

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