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The Federal Reserve's balance sheet just showed a MACD golden cross on the monthly chart.
The last time this happened was in 2019, just before Bitcoin started its parabolic surge.
Liquidity = rocket fuel for risk assets.
Everyone is very familiar with this concept.
Zoom in on the chart, and you'll see the downtrend has reversed.
It's not yet official QE...
But it looks like QE, smells like QE.
Is history rhyming,
or is it simply replaying itself unchanged?