The Fed has pivoted from balance sheet reduction to balance sheet expansion.'QE' or 'Not QE' is semantics. The Fed is printing money to provide liquidity to banks as reserves become scarce.The net effect on markets is the same.Welcome back, money printing. ...

RT Emmett Gallic (@emmettgallic)This early ETH whale that deposited $500M into the Stable Pre Deposit Campaign just borrowed another $500M and put it into the Stable Initial Liquidity VaultThey supplied 278K $ETH ($1B) as collateralNot clear what the reward will be for this as the APY is pending allocation https://t.co/TE3pQafuoB ...

Solana Liquidity Plummets to Bear Level Territory Amid $500M Liquidation Overhang► https://t.co/WO4ZqUPPL7 https://t.co/WO4ZqUPPL7 ...

Core Viewpoint - The Federal Reserve is expected to cut interest rates by a quarter of a point, but the commentary following the cut is likely to be hawkish, indicating a divided stance within the committee [1][2]. Group 1: Interest Rate Expectations - Traders are pricing in a nearly 90% chance of a rate cut by the Federal Reserve [1]. - There is dissent among FOMC committee members, suggesting that while a cut may occur, future cuts are not guaranteed, particularly in January [2][3]. - The market's expectation for rate cuts next year may not be sustainable, as the recent rally has been driven by liquidity and the anticipation of easier monetary policy [4]. Group 2: Economic Indicators and Risks - There is no compelling reason for the Fed to cut rates if inflation remains around 3% and economic growth continues at its current pace, which could lead to higher interest rates [5]. - High valuation speculative investments, including cryptocurrencies and meme stocks, are heavily influenced by liquidity and expectations of a dovish Fed, posing risks to the broader market [6].

All right, well we are less than 24 hours until the last Fed decision of the year with traders pricing in a near 90% chance that the committee cuts interest rates by a quarter of a point tomorrow. For more on the market impact, let's bring in Fast Money Friend and Richard Bernstein Advisors deputy CIO Michael Canopoulos. Michael, great to see you. >> Nice to see you, too.>> Let's assume that there is a cut. What is the commentary going to be like coming out of that cut. >> I think it's going to be hawkish.u ...

Market Outlook - Gold and silver are viewed as risk assets, with gold offering more downside protection [1] - Select commodities flowing into data centers are interesting due to increasing demand and less overownership compared to AI capex stocks [1] - Stock indices are expected to continue melting up, with thematic work focusing on the most interesting sectors in H1'26 [2] - Liquidity re-expansion is anticipated to lead to more true trending markets after a period of choppy rotational activity [2] - The buyer base for BTC and alts has been weakened financially and psychologically, potentially requiring a reset period [3] Cryptocurrency Analysis - There are real reasons for BTC and alts to increase in value, potentially benefiting the most from liquidity re-expansion [3]

Key Features of Aqua - Aqua enables liquidity sharing between positions for providers [1] - Capital is not concentrated in a few protocols [1] - Strategies compete based on earning potential, not Total Value Locked (TVL) [1] Cross-Chain Liquidity - Cross-chain shared liquidity projects are emerging [1]

Bitcoin is struggling to turn recent good news into a substantive rebound, highlighting the ongoing weakness and thin liquidity in digital asset markets that have played a role in keeping prices subdued https://t.co/27MOTBJuTu ...

Core Insights - American Express Company (AmEx) operates a unique business model by carrying loans on its own balance sheet, unlike Visa and Mastercard, which utilize asset-light networks. This allows AmEx to leverage borrowed capital to enhance earnings while maintaining a significant liquidity reserve for protection during tighter credit conditions [1][2] Financial Metrics - AmEx's long-term debt-to-capital ratio is 64.1%, exceeding the industry average of 43.5%. As of September 30, 2025, long-term debt was $57.8 billion, with short-term borrowings of $1.4 billion. Cash and cash equivalents increased to $54.7 billion from $40.6 billion at the end of 2024, indicating a strong liquidity position [2] - The forward price-to-earnings ratio for AmEx is 20.80X, lower than the industry average of 24.32X. The Zacks Consensus Estimate for AmEx's 2025 earnings is $15.43 per share, reflecting a 15.6% increase from the previous year [9][10] Customer Acquisition Strategy - AmEx is focusing on acquiring Gen Z and Millennial customers, issuing 3.2 million new proprietary cards in the third quarter, with 64% of these going to younger demographics. This strategy aims to cultivate future premium cohorts with higher lifetime values rather than pursuing mass volume [3][7] Risk Management - The company employs a risk management strategy that includes lower initial credit limits, leveraging behavioral data from its closed-loop network, and gradual underwriting processes. This approach allows AmEx to treat slightly higher seasoning losses as investments in long-term customer value [4] Competitive Advantage - AmEx differentiates itself from Visa and Mastercard by deeply integrating into the hospitality journey, enhancing customer experiences through partnerships and curated services. This strategy fosters emotional loyalty among consumers, particularly younger ones, strengthening AmEx's premium brand identity [5][7] Stock Performance - AmEx shares have increased by 22.1% year-to-date, contrasting with a 3.7% decline in the industry [6]

Wall Street banks are bracing for money market pressures to rise as the year end is approaching, which analysts say may prompt the Federal Reserve to weigh steps to rebuild liquidity buffers in the $12.6 trillion market https://t.co/TiLKhmIGFw ...