'It's Not Earnings, It's Liquidity, Stupid' - Goldman Macro Trader Eyes Post-Fed Opportunity

“Earnings don't move the overall market; it's the Fed,  focus on the central banks, and focus on the movement of liquidity,  most people are looking for earnings,  it’s liquidity that moves markets.”

- Stanley Druckenmiller

Liquidity... that's what matters, according to both Stan Druckenmiller and Goldman Sachs macro trader Paolo Schiavone.