12 Signs That The Inevitable Economic Slowdown Is Now Here
Authored by Michael Snyder via The Economic Collapse blog,
Authored by Michael Snyder via The Economic Collapse blog,
It’s risk-parity heaven right now, notes RBC's head of cross-asset strategy Charlie McElligott, with global equities (developed and EM) AND fixed-income all continuing their torrid rallies, but McElligott warns this is a classic "from worst to first" PM-grabbing into a new "Fear Of Missing Out" stage of the equities-rally.
A recurring theme on this website has been to periodically highlight the tremendous build up in US corporate debt, most recently in April when we showed that "Corporate Debt To EBITDA Hits All Time High." The relentless debt build up is something which even the IMF recently noted, when in April it released a special report on financial stability, according to which 20% of US corporations were at risk of default should rates rise.
First VIX dumped-n-pumped this morning, then Russell 2000 (ETF and Futures) flash-crash at lunch time, and now, amid heavy volume, someone decided it was the perfect time to panic-buy S&P, Dow, and Nasdaq futures...
Some contest to Russell 2000's earlier flash crash...
Th hunt for a narrative to explain this utter farce has started... Did Bitcoin algos just get switched on to trade S&P minis? Bitcoin just topped $2500!
It's crazy pills time again...
Post-FOMC Minutes, eveything was bid...