WS #15506
Global liquidity conditions are tightening as the Reserve Bank of India raised its repo rate to 5.50%, marking the first hike since 2023. Concurrently, data from the Kobeissi Letter shows financial insider buying in the US has fallen to its lowest level in nearly 23 years, reflecting extreme executive caution. These signals, combined with rising US Treasury yields and a Greek plan to levy a 10% capital gains tax on crypto, suggest a challenging environment for high-multiple growth assets and speculative capital.
Global Macro Tightening
Global liquidity conditions are tightening as the Reserve Bank of India raised its repo rate to 5.50%, marking the first hike since 2023. Concurrently, data from the Kobeissi Letter shows financial insider buying in the US has fallen to its lowest level in nearly 23 years, reflecting extreme executive caution. These signals, combined with rising US Treasury yields and a Greek plan to levy a 10% capital gains tax on crypto, suggest a challenging environment for high-multiple growth assets and speculative capital.