The global monetary base is now shrinking, the last time this happened was in 2006. Time to get liquid? pic.twitter.com/E1B9fFmAUJ
— Steve Saretsky (@SteveSaretsky) November 27, 2018
Imho it's a liquidity indicator. Liquidity going down (QT) and down goes Bitcoin. In a QE environment, we saw it doing well and making higher highs after every crash. As long as global liquidity is contracting, it should continue down. My PT is in the hundreds of USD.
— Neal (@portobellovcs) November 27, 2018
U.S. public pension funds are taking on more real estate, and at times some of the riskiest types of property investments, as they try to close their funding gaps.
American public plans with more than 20,000 members had an average 7% of their assets in real-estate investments at the end of 2017, according to a Wall Street Journal analysis of Boston College’s Public Plans Data, which contains the most recent numbers available. That is up from 4% in 2006, representing more than $120 billion in additional pension money flowing…
internals are absolutely horrible-> 27 new highs v. 276 new lows pic.twitter.com/UJF4GoCz0U
— Alastair Williamson (@StockBoardAsset) November 27, 2018
The Oct '18 drop of $40.5b for NYSE Margin Debt is the biggest monthly drop since the $66.6b decline in Oct 2008.
This 2018 bearish divergence between US equities and margin debt is similar those from 2000 and 2007. BAML pic.twitter.com/jZGmIxB4Fc
— Taylor-Swift Yield Spread (@TayTayLLP) November 27, 2018