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Michael Taylor, co-founder and portfolio manager at Agora Trading, highlights the importance of monitoring M2 in the markets.
Taylor observes that while wage growth is slowing and CPI is likely to peak soon, M2 remains extremely strong, suggesting that this liquidity must flow somewhere in the financial system.
Taylor previously pointed to rising unemployment and gilt yields in the UK as signs of possible GBP devaluation. In a separate note, he highlighted progress on U.S. state mandates for recycled plastics, with PCT identified as a key player. These comments provide additional context to his ongoing market observations.