Wall Street tracked sentiment and flows. Liquidity Trader tracked the dealers—those who make the market. And the cracks are visible.
Primary Dealer leverage has broken above 120% of Treasury and MBS holdings. Dealers are long, underhedged, and overe…
March swing trades still closed with a +6% average gain, but last week’s failure triggered a full reset. Two new shorts survived the screen. This…
The trend is still your friend—provided you don’t fight the tape. This is not another messy rotation or headline-driven chop. The market has confirmed a…