Loading ...Monday saw US equities ramp exuberantly on the back of a one-way street in USDJPY as the narrative proclaimed that “the world didn’t end” and therefore we should buy stocks. There’s just one thing…
The biggest bond ETF in the world saw the biggest inflow of funds in its history at the same time
And just in case you were wondering what these ‘crazy’ bond-buying freaks are seeing that the ‘smart’ equity investors are not…
It’s the collapse in actual ‘hard’ economic data – as opposed to the survey-based ‘soft’ data that remains full of hope