The falling DXY already indicates that conditions are improving and the liquidity situation outside the United States is improving. In general, bond yields are falling, which also speaks in favor of risk asset classes. The bond markets are already undergoing the interest rate turnaround, which the central banks are basically only following. The influence of central banks on these markets is structurally overestimated.

The @crossbordercapital data confirms that we are in an upward swing of the liquidity cycle, which is likely to continue in the coming weeks. China is fighting its deflationary spiral with massive liquidity and Europe and the United States are also at the end of their tightening cycle. This is where the major liquidity flows converge.

Source: @crossbordercapital on 'X'