The Mandate: Signal Over Noise

The Philosophy
Most market analysis focuses on the "Noise"—earnings calls, political headlines, and shifting narratives.

TMS Capital Research focuses exclusively on the "Signal"—the mechanics of global liquidity. We operate on a single core thesis: Asset prices are downstream of liquidity flows.

When the plumbing is clogged, the market chokes.

When the flows are open, the market runs.

Our job is not to guess where the price is going, but to track where the money is actually moving.

The Methodology
We do not trade on feelings. We trade on mechanics.

Every week, we track the specific inputs that determine "Net Liquidity" in the financial system:

• The Fed Balance Sheet: The raw injection or withdrawal of capital.

• The TGA (Treasury General Account): The government's checking account that drains reserves.

• The RRP (Reverse Repo Facility): The "excess" cash sitting idle at the Fed.

• Bank Reserves: The actual fuel for risk assets.

Who This Is For This research is designed for institutional investors, family offices, and serious traders who care about market structure rather than market sentiment.

The Schedule

• Weekly: "The State of Liquidity" (Deep dive into current flows).

• Monthly: Thematic trade ideas based on liquidity regimes.

• Ad-Hoc: "Plumbing 101" educational briefings.

Disclaimer: TMS Capital Research is an independent publisher. Nothing here constitutes investment advice or a recommendation to buy or sell any security. All trading involves risk.