One week ago, as the bear market rally was about to hit its peak post-ECB crescendo, we reported that according to Bank of America data, "The "Smart Money" Is Quietly Getting Out Of Dodge: Sells For A Sixth Straight Week As Buybacks Soar."
One weekend ago, in an unexpected episode of Zero Hedge trolling by Jefferies economists, the junk-bond focused mid-tier investment bank sent out a note in which it defended the "recovery" as follows:
Was that it for the great February/March bear market rally?
Michael Hayden is the only official to have served as head of both the National Security Agency and CIA. Once retired from public service, the chief spy for much of the George W. Bush era has always had a difficult time staying out of the headlines.
Central banks around the globe are pursuing strategies that will put all financial assets into government hands, Marc Faber explains to CNBC this morning, taking the opportunity to endorse Donald Trump's bid for the U.S. presidency. As CNBC reports, Faber expects that asset buying by global central banks will only increase, even though he believes those policies aren't working to stimulate the economy.