corporate debt to GDP all time high, suggests overtime HYG and
JNK probably gonna fall a lot, that needs to converge back overt
time,
another chart shows liquidity: Fed total assets, ECB, BOJ,
BOE total assets. Obviously has that has went up since 2009 so has
the market as those funds rotated into the market. an unwinding of
this will only retract capital from the market
anyway longer term charts guys, nothing to do with short term
moves we are having here today etc, but over time support the bear
market idea
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Charts like this confirm our longer term cautionary note on the market
Posted by matt on 15th of Nov 2018 at 03:41 pm
corporate debt to GDP all time high, suggests overtime HYG and JNK probably gonna fall a lot, that needs to converge back overt time,
another chart shows liquidity: Fed total assets, ECB, BOJ, BOE total assets. Obviously has that has went up since 2009 so has the market as those funds rotated into the market. an unwinding of this will only retract capital from the market
anyway longer term charts guys, nothing to do with short term moves we are having here today etc, but over time support the bear market idea