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Crash Risk Was Proximate. Now It’s Here

Two weeks ago, I observed and reported that crash risk had been brought forward from July to being proximate, meaning at any time including the present. We began to see some signs of the potential over the past few days. 

The mechanics driving this multi asset selloff are precisely what this report identified: a Treasury supply shock, repo funding on the edge of breakdown, hedge funds that have not stepped up to absorb the wave, and foreign central banks in a persistent trend of exiting their Treasury holdings held in custody at the Fed.

The fragile structure built on extreme leverage and continuous money creation is now being tested in real time, and it is failing.

This report shows why, how long we have, and what to look for in the data.

Legacy subscribers (pre-April 2026), click here to download the report.

New Subscribers (since April 2026) You must be logged in to download the report. Click here to log in. Download Here: Macroliquidity™ Report - June 9, 2026 (Membership Required: Integrated Edge or Macroliquidity™)

The complete 27 page report, with illustrative charts, explains the facts behind the numbers that matter and the fallacies behind the ones that don’t with proprietary charts and tables that you will find nowhere else. Backed by 57 years of observation fiercely independent analysis. 

Access today’s and future Macroliquidity™ reports here.

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Posted in 1 Macroliquidity™, Fed, Central Bank and Banking Macro Liquidity