Something broke in the global financial system.
U.S. banks are pulling liquidity out of Reverse Repo which means there's a sudden spike in credit stress and lending is ceasing up.
The Fed pumped $2.5 trillion into RRP to mask any need for Repo interventions. pic.twitter.com/yejAC5APXM
— Financelot (@FinanceLancelot) November 18, 2022
Vix 2008 vs 2022 , courtesy twitter.
According to JPMorgan, Retail investors sold $3.1B the last 5 trading days 👀
— Tom (@TradingThomas3) November 17, 2022