The Mark Moss Show Everyone Expects a Crash… He Predicts a Melt-Up | Mel Mattson
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Feb 12, 2026 Mel Mattson, founder of Mott Capital Management and veteran market strategist focused on liquidity and positioning. He argues liquidity, not headlines, often drives surprise rallies. He explains Fed balance sheet dynamics, repo market stress, and why crowded bearish sentiment can set the stage for a melt-up. He also touches on Bitcoin, gold, institutional accumulation, and a 2025–2026 liquidity-led surge.
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Liquidity Trumps Headlines
- Liquidity, not headlines or quarterly data, is the primary driver of markets and can overpower negative narratives.
- Mel Mattson expects massive liquidity expansion (QE-like) to fuel a broad melt-up across assets in early 2026.
Repo Stress Triggered Fed Balance Sheet Growth
- The Fed accelerated bill purchases because repo market stress threatened banking plumbing, effectively restarting QE.
- That operational choice can inject substantial short-term liquidity into treasuries and markets.
Stop‑Hunting To Concentrate Positions
- Institutions may deliberately depress an asset to stop‑hunt and concentrate holdings before buying heavily.
- Mel suggests stop‑hunts in Bitcoin aim to flush retail positions so big players can accumulate.
