The World's Biggest Bear Calls It: "We Have Finally Hit The Peak Of The Cycle"
Shortly after Deutsche became the latest bank to warn that "markets seem to have entered frothy territory", going so far as to utter the dreaded "bubble" word, and suggesting that this time it will be different as "unlike 2016, the Fed does not appear to have enough patience anymore to postpone the rate hikes" and adding that "unfortunately, the Fed's resolution to raise rates this time seems to be firmer than in 2015 because of their assessment that US economy has almost reached full employment", one of the market's biggest bears actually scratch that, the market's biggest
