A 300+ MMRI Run Looks Highly Likely.
From Greg M
Lions and friends.
Look at this snapshot below of the MMRI.
The trend appears to be a move much higher which will hit stocks hard moving forward.
While it is certainly possible that central banks may increase debt purchases which would cause bond yields to drop- we have to consider that risk in the market based upon the MMRI could increase substantially.
To see the MMRI in real time. click HERE.
Right before October 3rd 2022, the Overnight Reverse Repo (RRPONTSYD) spiked rapidly, and then fell on that same day. The market was falling as bond yields were rising, and suddenly it was bought back up from the BoE announcement of their "unlimited bond buying tools" in order to save pension funds. This is just one of many examples that has been reoccurring since they vastly expanded their REPO Market capability's since early 2021.
Well, the RRPONTSYD spiked yet again on the last day of 2022 but more radically. Now the market is falling as bonds are selling off again. In my opinion, bonds will be bought twice as fast and the market will follow...much faster than it did back then. Let's not forget that this is just a "temporary fix". Real liquidity cannot be found anywhere.
Klause Schwab of the World Economic Forum (WEF) has already told us that we will own nothing, eat the bugs and be happy. How else are our overlords going to achieve these goals unless the destroy the stonk market along with what’s left of the eCONomy?