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"A Watershed Month" - November Sees Greatest "Asset Rotation" Since 2013

"A Watershed Month" - November Sees Greatest "Asset Rotation" Since 2013

The final November fund flow numbers are in, and as BofA's Michael Hartnett puts it, November, it was a "watershed" month for fund flows with the largest 5-week
bond outflows in three and a half years at $10 billion...

... the largest 3-week precious metals outflows
in 3.5 years...

... and the largest 5-week equity inflows since October 2013 at $34.5 billion.

Global Stocks, Futures, Commodities, Dollar Fall Ahead Of Payrolls, Italy Vote

Did Jeff Gundlach do it again? Shortly after the DoubleLine manager told Reuters yesterday afternoon that the Trump rally is ending, that "stocks have peaked" and that it is "too late to buy the Trump trade", US stocks tumbled to session lows, and have continued to drop overnight, with S&P futures down 0.3%, alongside sliding Asian and European markets; oil and the dollar are also down with the only asset class catching a bid are 10Y TSYs, whose yields are lower at 2.43% after reaching an 18 month high of 2.492% overnight ahead of today's nonfarm payrolls report.

Historian: Queen Elizabeth Descended From Long Line Of Cannibals

Queen Elizabeth and the Royal Family are descended from a long line of cannibals. British royals have long been famed for their love of lavish banquets and rich recipes. But a British historian has conclusively proved that Queen Elizabeth’s ancestors also had a taste for human flesh. A new study on medicinal cannibalism has revealed that British royalty were openly dining on parts of the human body as recently as the 19th century, and there are suggestions the practice went underground after that.

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