99.9% chance there will be NO rate cuts in June

But here’s what really matters 👇

Don’t obsess over rate cuts. Watch the Supplementary Leverage Ratio (SLR)

It limits how much banks can leverage… But when bonds collapse, the Fed tweaks the rule.

That’s how they’ll inject liquidity without calling it QE.

👀 Stay sharp. The real liquidity flood comes through the backdoor.