The growth rate in the US economy has been declining; Long-term Treasury rates peaked; Small caps started to underperform large caps…

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The Liquidity Threat Looming Over Markets in 2022: FT

After nearly two years of solid gains across stock markets, will the feared roller-coaster return? The answer is yes, due to higher debt levels, the tapering of central banks’ liquidity support for markets and the growth of indexation.

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