"Rotation out of domestic U.S. equities would be one of the largest on record"
You don't say...
Dow / TLT ratio:
Active managers are near record long:
Copper confirms that the Trump rally was a cyclical headfake to nowhere that drew in record amounts of capital to be obliterated.
In other words, this is going to make 2008 seem like a fucking picnic:
A close-up view reveals that short-term rates (red) are already rolling over, which means bank stocks are on borrowed time, and money.
With the average S&P stock:
Margin of error: Zero
Bonds versus high dividend stocks