Miner Company
Liquidity Drain Underway, Will It Even Matter?
Liquidity is draining from markets as the Treasury General Account rises and Fed reserve balances fall toward $2.8–$2.9 trillion. Historically, risk assets like the S&P 500 have struggled in the second half of April as liquidity tightens, but 2026 is proving an outlier so far.
Liquidity is draining from markets as the Treasury General Account rises and Fed reserve balances fall toward $2.8–$2.9 trillion. Historically, risk assets like the S&P 500 have struggled in the second half of April as liquidity tightens, but 2026 is proving an outlier so far.