Fri, 21 April 2017
Now that is a headline.
The term "liquidity supernova" was coined by Michael Hartnett from BOA. He said:
"Liquidity supernova is the best explanation why global stocks and bonds both annualizing double-digit gains...."
The fact is, central banks have created a record 1 Trillion dollars in new debt in 2017.
That money is being used to fuel a bond and equity bubble larger than any in history. I shudder to think what will happen when they stop buying.
Most of Wall Street remains bullish, mainly because...well...most of Wall Street remains bullish. Nobody wants to be the guy who pulls out early and misses another 10 or 15 percent move.
Better to lose money with everyone else when the market turns than get out early and look like you don't know what you're doing.
But there is a small group of seasoned fund managers who are sounding the alarm.
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