The Fed has officially ended QT But that's not all They also dropped the hint for QE by injecting $13.5 billion into the banking system overnight The 2nd overnight repo operation since COVID And overnight repo operations just doesn't happen without a reason It happens when banks are struggling to meet short term liquidity needs or maintain their balance-sheet requirement The same happened in late 2019/early 2020 Most people think covid was the main reason for QE, but the repo market started flashing warnings months earlier. We’re seeing the same pattern again. If these repo operations continue, the next phase of liquidity expansion is a lot closer than anyone thinks. https://x.com/TheCryptoLark/status/1995772269696545019(Lark Davis)