Welcome to Prometheus Asset Allocation. The Prometheus Asset Allocation program offers a stable, macro-focused approach to asset management. Prometheus Asset Allocation aims to outperform a traditional stock and bond portfolio by leveraging our proprietary systematic macro process to rotate between 3 ETFs monthly (plus cash). As part of the program, we will be sharing our views on Growth, Inflation, and Liquidity in addition to our monthly video updates.
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Our primary takeaways are as follows:
- Liquidity is driven by both private and public sources. Currently, we see private sources becoming a dominant player in the liquidity ecosystem.
- Reserve balances and commercial paper issuance remain neutral; bill issuance has slowed down but remains elevated; and repo activity remains extremely strong.
- Overall, liquidity dynamics in the US remain stable which is a support to all assets.
Access the full note below: