Here we go again. Every time these whale prints pop up from the Treasury, people get all hyped about "new liquidity" rushing in, but let's be real—it's just plumbing.
With sticky inflation refusing to die down and Powell basically telegraphing that rate cuts are a pipe dream for the foreseeable future, where do you guys honestly think this money is going? The macro environment is an absolute bloodbath for risk assets right now. Bond yields are eating everything alive, liquidity is draining system-wide, and everyone is front-running a fake pivot. I wouldn't touch this bounce with a ten-foot pole. Enjoy getting rugged by the next FOMC meeting.