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Once this happened...
Off To the Races. šŸƒ
#RiskFulcrum
Why we have been rallying since early June.. despite > $1/2 Trillion of cash being incrementally yanked from the system. Thereā€™s plenty of liquidity with running a 50% Loan/Deposit ratio... way too much...Oct 1 SCB new hurdle.. but everyone getting comfortable creating room.
Itā€™s really about ā€œusableā€ cash...not the quantum of cash... usable is subject to Regs post GFC.
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