Chart Of The Week: Investors Capitulate On The Reflation Trade

Around this time last year as we left 2017 and entered into 2018, there was widespread optimism. Whether it was the record low volatility readings, synchronized surge in the PMIs, easy money, widespread positive economic surprise and earnings upgrades, it was (in hindsight) an air of both complacency and euphoria. And as we enter 2019, basically it's all gone wrong... with many of these flipping in the opposite direction. Read More...

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