Friday, July 15, 2016

CAPITULATION aka. Central Bank Muppetization

Central Banks have made it "impossible" to hedge. Which means there are no buyers below this market...

ZH: July 15, 2016
Monday Is When The Bears Capitulated

Nothing like a fake break-out to make them go ALL IN...

Active Manager exposure is highest in 18 months:

Total call/put ratio (weekly):

"43 straight weeks of inflows to Municipal Bonds"

"Largest High Yield (Junk Bond) inflows on record"