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Four days down. The market may have a "reserve problem."

Summary:
Risk asset sales (stocks) may come due to ever-rising bank reserve balances. Fed behind the curve?

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Risk asset sales (stocks) may come due to ever-rising bank reserve balances. Fed behind the curve?
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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