Lots of Central Bank Liquidity

(1) Normalization will have to wait. (2) Powell, Draghi, and Draghi. (3) Bears are still fighting the central banks. (4) The bears’ favorite chart has been mostly bullish. (5) The Powell Pivot has turned into the Powell Pirouette. (6) QT set to end in US. QE might be back on in Eurozone soon. (7) Kuroda, like Peter Pan, taking the BOJ to Neverland. (8) PBOC’s assets flatten, but cuts in required reserves boosting bank loans. (9) Clash of the titans: central banks vs the 4Ds. (10) Central banks are dependent on (weak) data.