Liquiqui

The forces shaping the next decade

Fed liquidity, fiscal pressure, markets and the forces reshaping the economy — in one place.

Liquiqui connects macro and market data into signals that help investors understand what is moving markets. Track liquidity, fiscal pressure, inflation, interest rates, valuations, live markets, and the long-term forces reshaping the economy — from AI and electrification to demographics and geopolitics. Every chart is built from official data and updated continuously.

Explore the signals →Official data · Updated continuously

Macro regime

What matters now

What changed

The most significant moves, each against the series' own history

30-year yield↓ -0.16%1 week
Aging pressure↑ +1.31 month
10-year yield↓ -0.15%1 week
S&P 500↓ -1.9%1 week
Geopolitical instability↑ +1.31 week
Electrification↑ +5.01 month

Themes

The forces shaping the next decade

Fiscal Dominance IndexOct 16, 26

Is fiscal policy starting to constrain monetary policy?

125.7Extreme↑ +7.9%YoY

Interest / revenue ↑Real 10-year yield ↑Term premium ↑

AI Capital Spending IndexOct 16, 26

Is AI investment turning into actual economic payoff?

149.1Extreme↑ +12.1%YoY

Hyperscaler capex ↑Data center power demand ↑Labor productivity ↑

Aging Pressure IndexSep 1, 26

Is population aging becoming an economic constraint?

149.3High↑ +7.2%YoY

Old-age dependency ratio ↑Working-age growth (inv.) ↑Population 80+ (share) ↑

Money Debasement IndexOct 16, 26

Is the dollar losing purchasing power faster than usual?

118.6Normal↑ +0.1%YoY

Real 10-year yield (inv.) ↓Inflation breadth ↑PCE inflation ↑

Geopolitical Instability IndexOct 15, 26

Is geopolitical risk actually reaching markets?

113.9High↓ -0.8%YoY

Geopolitical risk (GPR) ↑Trade policy uncertainty ↑Supply chain pressure ↑

De-globalisation IndexAug 1, 26

Is world trade actually fragmenting?

128.6Extreme↑ +12.4%YoY

Allies / rivals ratio ↑Effective tariff rate ↑Regional − total growth →

Electrification IndexJul 1, 26

Is electrification outrunning the grid?

130.6High↑ +6.9%YoY

PJM price volatility ↑Hub price dispersion ↑Plug-in share of sales ↑

Climate Pressure IndexSep 1, 26

Is climate change starting to show up in the economy?

128.6Elevated↑ +6.9%YoY

Global temperature ↑US drought (Palmer, inv.) ↑Storm & fire activations ↑

Core data

The data behind the signals

Liquidity

Fed Balance SheetOct 14, 26

6.76 T$↑ +0.16 T$1 yr

Fed Net LiquidityOct 16, 26

5,872 B$↑ +92 B$1 yr

Balance sheet − reverse repo − TGA

Global LiquidityOct 14, 26

17.31 T$↓ -1.21 T$1 yr

Fed + ECB + BOJ

Fiscal

Total US Public DebtOct 15, 26

40.39 T$↑ +2.45 T$1 yr

US Budget DeficitSep 1, 26

-1,993 B$↓ -217 B$1 yr

Trailing 12 months

Held by Domestic Private InvestorsJan 1, 26

45.0%↑ +2.1%1 yr

Share of federal debt

Macro

10-Year Treasury YieldOct 15, 26

5.10%↑ +1.05%1 yr

10-Year Breakeven Inflation RateOct 16, 26

2.35%↑ +0.07%1 yr

10-Year Term PremiumOct 9, 26

1.07%↑ +0.57%1 yr

Valuation

CAPE (Shiller PE)Oct 16, 26

40.54↑ +1.231 yr

S&P 500

Buffett IndicatorApr 1, 26

255.0%↑ +41.7%1 yr

Market cap / GDP

Market

13-Week T-BillOct 16, 26

4.07%↓ -0.02%Day

10-Year TreasuryOct 16, 26

5.10%↑ +0.01%Day

30-Year TreasuryOct 16, 26

Dollar Index (DXY)Oct 16, 26

101.78↓ -0.06%Day

Built from official data

Every index combines official series, each standardised against its own history, equal-weighted and rebased to 100 — the method is set out step by step on each page.

Data from the Federal Reserve (FRED), the US Treasury, the Bureau of Economic Analysis, the Federal Reserve Bank of New York, the US Energy Information Administration, SEC EDGAR, the OECD, Robert Shiller (Yale), and Yahoo Finance.

See the macro picture.

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