Global liquidity just hit a new all-time high, and the timing couldn't be more interesting as we head into the final stretch of the year.

Here's what's noteworthy: the liquidity surge we're seeing right now is already the biggest shift in years—and it happened this month alone. That's the appetizer.

But here's the real story. There's a second catalyst brewing that could prove far more impactful. Policy adjustments, specifically changes to reserve requirements frameworks, could unlock another significant wave of liquidity into the market. These regulatory shifts haven't fully materialized yet, but when they do, we might be looking at a completely different trading environment.

For anyone paying attention to market cycles, this is the kind of setup that typically precedes major moves. The foundation is there. Now we're waiting for the trigger.