https://threadreaderapp.com/thread/1546473254927433731.html
TLDR: Net Liquidity (Fed balance sheet - Treasury General Account - Reverse Repo) delayed 2 weeks has had an extremely high correlation (R=0.95) with the S&P 500 over the last 2 years
Chart: https://twitter.com/maxjanderson/status/1546473254927433731/photo/1
Thread by: @maxjanderson