US EIA Natural Gas Storage change improves to -118B vs -194B

The moves in the Japanese FX and equities have been the biggest change in the macro landscape in the last few months. According to the Economics Research Team at Goldman Sachs, “Here we look at what a successful liquidity trap exit should look like and some ways to benchmark progress towards that. The combination of stable nominal bond yields, a weakening currency and rising equities is fully consistent with the initial stage of any eventual exit from the liquidity trap.”