TRADING RANGE AHEAD?
[Latest Global Dollar Liquidity Measure: +14.6% annual growth rate; latest Endogenous Liquidity Index: -1.6%]
Strong funding liquidity tells me not to short risky assets; weak market liquidity tells me not to buy aggressively. Trading range ahead?
2 comments:
Are back data available for your two indices? Great blog, btw.
Matthew, I can e-mail you the Global Dollar Liquidity measure. The other index is still in a preliminary phase.
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