Capital flow determines regime (inflation/deflation etc.) and regime in turn determines the Asset Allocation. We look at global capital flow/liquidity trends influenced by Central bank policies; which, ultimately governs fundamentals around each asset class. The intent is to be early reader to this change in liquidity supply trend and position the asset allocation accordingly. To know more please visit www.pinetreemacro.com or write to us on info@pinetreemacro.com. To subscribe to our articles, please follow instructions laid on in the insights tab on the website. We hope you enjoy reading our articles as much as we enjoy writing it.