#WallStreet is still underpinned by #liquidity, but watch this chart carefully. Shows all US equity holdings divided by US liquidity. Current 1.05x, prospectively 0.88x, peak 1.31x and 'fair value' 0.85x It will tell us when the party ends! pic.twitter.com/7xV1jGfs4y
— CrossBorder Capital (@crossbordercap) November 6, 2020