Mohamed A. El-Erian
Mohamed A. El-Erian

@elerianm

2 Tweets 4 reads May 09, 2022
This type of selloff in #markets is consistent with the main driver being a “common global factor”—in this case, growing investor sensitivity to the scale and scope of the changing liquidity regime.
In terms of risk factors:
Investors are now experiencing the thrust of the… 1/
… second of four factors hanging over markets.
The first was interest rate risk. This one is liquidity risk. The remaining two serving as an overhang: credit and market-functioning risk.
2/
#markets #investors #investing #investment

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