This is a reverse repo/SPX comparison chart.
Reverse Repos are one of the Fed's tools to influence monetary supply. The Fed explains reverse repos here: fred.stlouisfed.org/series/RRPONTSYD
Essentially the Fed uses reverse repos move cash in and out of the economy. If the Fed is adding to reverse repos is it is removing cash from the economy. And vice versa.
Reverse Repos are one of the Fed's tools to influence monetary supply. The Fed explains reverse repos here: fred.stlouisfed.org/series/RRPONTSYD
Essentially the Fed uses reverse repos move cash in and out of the economy. If the Fed is adding to reverse repos is it is removing cash from the economy. And vice versa.