QT Is Over: Goldman, JPMorgan See Fed Flipping As Reserves Tumble Below $3 Trillion

After last week's liquidity-fueled fireworks (see "On The Verge Of A Funding Crisis: Fed's Emergency Liquidity Facility Unexpectedly Soars Most Since COVID") sparked a powerful selloff among the most liquidity-sensitive corners of the market, including crypto and momentum stocks which just suffered one of their worst weekly drawdowns in the past year...