Dr. Jeff on Nostr: US net liquidity continues to fizzle. Recent week-over-week (ended July 26) action ...

US net liquidity continues to fizzle.

Recent week-over-week (ended July 26) action just released:

Approx. -$60.6B liquidity CONTRACTION

My opinion:
Difficult for risk assets and #bitcoin to materially rally while liquidity continues to contract.