ALERT: The Liquidity Cycle Just Peaked | Michael Howell
And that means lower stock prices lie ahead
Michael Howell, founder & CEO of Crossborder Capital, explains why he calculates the global liquidity cycle just peaked.
As a result, he predicts stocks will go lower by the end of 2026.
And possibly for several more years to come.
For a chart-filled analysis explaining why, click here or on the video below:
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Adam’s Notes: Michael Howell (recorded 1.6.26)
Liquidity Cycle Peak: Michael Howell confirms the global liquidity cycle for advanced economies (ex-China) likely peaked in Q4 2025, aligning with prior forecasts, driven by a shift from Fed QE to Treasury QE, which redirects liquidity from financial markets to the real economy.
Market Outlook: He anticipates a challenging year for equities, with potential S&P downside by year-end, favoring
