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Sven Henrich

@NorthmanTrader

Mar 8, 2023 • 8 tweets • 2 min read • Read on X

Scrolly

Potential daily reversal candle in the making in the 2 year yield.
Unconfirmed, but worth watching.

updated

stronger reversal action on the 2 year today.
#watching

While everyone is talking about the banks today the 2 year yield has dropped hard.

Weekly perspective

Thar she goes.....

2 year yield updated

Stunning.

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More from @NorthmanTrader

Sven Henrich

@NorthmanTrader

Jun 12, 2023

And thus concludes the great monetary tightening cycle to combat inflation by slowing growth & wringing out the previous excess.

Note: Q1 data.

After all we reduced the balance sheet by a stunning 7% back all the way to levels of September 22, 2021.
So much tightening. So much liquidity removal.

And look at MBS, we reduced these all the way back to November 2021 levels.

Read 6 tweets

Sven Henrich

@NorthmanTrader

Mar 31, 2023

What did you think was gonna happen?

They threw hundreds of billions of dollars of liquidity into a liquidity starved financial system in a matter of just 2 weeks and markets went up.
The end.

It's really that simple.

But it's not QE? Who cares? It's LIQUIDITY.
You can argue about whether it's QE or not or you can trade off of it & make money.
Sorry to be so opportunistic about it, but we are here to make money & not argue with the market.
I've tried that in the past myself. Learn & adapt.

https://twitter.com/NorthmanTrader/status/1636469742008520704?s=20

That chart on bank reserves suddenly spiking up screamed markets were gonna go higher 2 weeks ago due to the correlation, which was my point and they've added more liquidity since. If they drain it it's another story, but so far they haven't.

https://twitter.com/NorthmanTrader/status/1636469742008520704?s=20

Read 5 tweets

Sven Henrich

@NorthmanTrader

Mar 29, 2023

This is incredible.
According to the Fed total assets held by the top 0.1% amounted to $17.4 trillion at the end of Q4 2022 after peaking at $18.5 trillion.
The top 0.1% gained over $5 trillion in asset value since Covid.

And get this, the top 0.1% comprises a mere 131,485 households.

The real message: The middle class at large has gotten screwed over the past few decades as wealth gains have predominantly benefitted the top 1%.

Read 9 tweets

Sven Henrich

@NorthmanTrader

Mar 27, 2023

Understanding how the real world works is a key trading edge.

when you know you know ¯\_(ツ)_/¯

Just look at the dates. And look at the tape each time.

Read 5 tweets

Sven Henrich

@NorthmanTrader

Mar 26, 2023

NorthCast Market Update: Alternate Universe
Banking stocks getting carpet bombed, tech flying to new highs for 2023. Who's lying?
Some perspectives during this battle for confidence.