QT that just turned stealthily QE again to the tune of +$300b under a single week.

wonder why there wasn't a market crash despite the worst U.S banks' failure..

"Infinite money"

Global central banks' policy response/theme. (updated)

everyone is hiking lately.

The FED emergency loan program may inject as much as $2 trillion of funds into the US banking system and ease the liquidity crunch, according to liquidity God Nikos (JPM Clients Report)

All pointers to FOMC next week!

BTC into QE clips.

2020 Lows > QE Started
2022 ATH > QT Started

reminder ⚠️

Some expiry in crypto side as well today;
https://cointelegraph.com/news/bitcoin-bears-could-face-440m-loss-in-friday-s-options-expiry

PBoC cuts Reserve Requirement Ratio (RRR) by 25bps, effective 27th March : BBG

In Europe, sectors like banks and real estate are experiencing new lows, making it hard to believe that things will be fine. Money transmission is of great importance, and in the last two weeks, we have experienced significant tightening of credit channels, which will have a significant impact on economies.

This is why the Fed is trying to limit credit tightening as quickly and powerfully as possible.

"Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security"

However, inflation has not yet cooled down, and Powell has stated that "the work is not done yet." The Fed may consider hiking rates by a minimum of 25bps to address this ongoing concern ECB Already hiked 25bps earlier this week, other CB to follow.

Banks > new lows
BTC > Highs

Banks are like nuclear reactors, they're safe until they're not

US President Biden is asking congress to expand FDIC authority on compensation clawbacks, including from stock sales, for bankers like SBNY and SIVB executive : BBG

ECB insider says would support another 50bps hike in May, unless economy or core HICP soften; no doubt the central bank is still in a tightening mode and no hurry to decide on next move, and can wait until the time comes. : Econostream

With volatility peaking investors flocking towards the metals & BTC... (new safe heaven assets atm)
Gold inching closer to $2k