Mehul and Neels at Nedbank writes
Currently: The LIQUIDITY is not in great shape leaving financial markets, especially equity markets vulnerable to continues weakness.
Looking forward: I do not foresee a massive reversal in Global $-Liquidity. Even though many are anticipating a softer Fed, which will assist $-Liquidity, the Fed is not the only provider or $-Liquidity. China, Global trade, Eurodollar system are by-products of Global $-Liquidity too.
We expect the $ shortage to remain a challenge for the global macro-environment for 2019 which is likely to weigh on financial markets.
