There is a fascinating table in JPMorgan's 2018 year-end outlook released overnight, previewed yesterday by head quant Marko Kolanovic: it shows that a funny thing happened as the so-called experts were looking for signs of retail euphoria (and repeatedly were unable to find it): everyone went "all-in" stocks, and not just retail investors and US households, but mutual funds, hedge funds, pensions, systematic, and sovereign wealth funds.
Well - for now - that was an anti-climax...
But the market seems unimpresed by the 'news'
And even "high tax" names are underperforming...
Authored by Kevin Muir via The Macro Tourist blog,
I have had some bad trades in my day. But lately, one call has been especially atrocious.
Meet LongFin Corp - an independent finance and technology company. The Company offers commodity trading, alternate risk transfer, and carry trade financing services. LongFin also provides hedging and risk management solutions to importers, exporters, and small medium business enterprises. LongFin serves customers worldwide.
As iBankCoin notes, it has all of the trimmings of wanton degeneracy on an industrial scale.
Intro by Vince Lanci
via the Soren K. Group at Marketslant.com
The Next Revolution is already Happening