We’ve talked a lot about the setup for more PBOC liquidity, and have taken note of China’s ongoing effort...The big kicker though is the nearly $500B of liquidity the PBOC has withdrawn over the last 3 months...

26, 2024 And the constructive policy shifts don’t stop with the Fed, as we’ve seen China & the PBOC...of a sudden the feed is littered with takes on “why China matters” China has always mattered – the PBOC...If recent policy shifts from the Fed and PBOC weren’t enough, look no further than the statements from...

When it comes to global central bank liquidity over this past year, the PBOC has done most of the heavy...PBOC liquidity even turned positive again a few months ahead of the 2024 US Presidential election....Changes in PBOC liquidity often precede large volatile moves in BTC and crypto markets.

Why the Fed just gave the “green light” to global central banks Impact of China’s pivot and PBOC stimulus...It’s opened the door, I think, for the PBOC to stimulate and provide the stimulus that they need for...There’s a good argument that that PBOC pivot wasn’t priced in the markets either....PBOC just double clicking on that point. 100% agree.

And the constructive policy shifts don’t stop with the Fed, as we’ve seen China & the PBOC begin...If recent policy shifts from the Fed and PBOC weren’t enough, look no further than the statements from...

Between September and December 2023, the PBOC added nearly $700B to its balance sheet, Global M2 grew...The US-China-Japan Conundrum The other big central bank juggernaut is the PBOC....If the Fed were to start easing, it would give the PBOC more breathing room to provide more stimulus...

PBOC Liquidity is showing signs of rebounding, something we’ve been expecting and will continue monitoring...

And that’s not, again, the BOJ coming out or, or China coming out and, and, and or PBOC come out and...

...this a good amount like our past research round we talked about earlier last year, how we thought the PBOC...The question now is whether those moves are big enough to see further stimulus from the PBOC, which we...

...indications that we noted of big kind of macro factors like global liquidity, for example, pulling back the PBOC...So you’ve had the PBOC come back in and inject liquidity like it typically does around this time Especially...The other reason why I don’t, and this is the PBOC, right? It’s recently kind of come back.

It’s one of my favorite charts to get Bitcoin versus a combination of Fed and PBOC liquidity.

PBOC has come back on the market over the last few weeks.

This is in contrast to the trend that’s defined the last 6-8 months, which the Fed and PBOC have led.

We still anticipate more stimulus is coming from the PBOC too as officials try to revive investor confidence...

Global Liquidity growth has slowed in the last few months, most notably due to the combination of Fed + PBOC...

And the big kicker being the PBOC, up until again, about 24 hours ago, had withdrawn, you know, almost...So you typically tend to see, you know, cash crunches around that time, but the PBOC had to come out,...

The PBOC announced another rate cut on bank reserves after pressuring banks to refinance loans for struggling...But these efforts haven’t moved the needle much so far, leaving the PBOC little alternative in our view...As we noted in the Markets Year Ahead, the combination of Fed + PBOC liquidity is a powerful force for...

PBOC coming to the rescue once again. QQ 4 always.

China’s PBOC has become one of the largest contributors to global liquidity — and it’s been getting more...(July 2023) Since then, PBOC liquidity injections have continued to increase....Similar credit expansions are usually driven by more PBOC liquidity support....BTC and crypto markets also exhibit a strong correlation with PBOC liquidity expansions.

...outperform other risk assets when liquidity conditions expand.But the Fed isn’t the only game in town — the PBOC...own.We’ve been saying to keep an eye on China for months as risk markets tend to rise when growth in PBOC...