Trading Insights

Macro Watch

  • Liquidity squeeze: Heavy U.S. Treasury issuance continues draining liquidity via RRP.
  • Market concentration: Top 10 S&P 500 firms now account for nearly 40% of index cap.
  • Policy spotlight: Jackson Hole expected to clarify Fed’s September path.
  • Investor caution: Risk assets await clearer signals before committing directionally.