Everyone is bearish on the QT but Fed not really imposing the QT policy yet… frustrating for the bears…
Effectively still no QT yet:
Somebody tell Chair Powell he’s supposed to be shrinking his balance sheet by $47.5bn per month pic.twitter.com/NnGVXJlKYl
— Court Hoover (@CourtHoover) August 12, 2022
Bearish on the Fed alleged forthcoming QT: