Hubris is self-evidently the lowest form of intelligence:
Deflationary fiscal and monetary policy both implemented at the end of the cycle for MAXIMUM implosion:
Chart of the week:
Log scale Fed rate (blue) with capacity utilization and payrolls (12 month rate of change):
"We can accelerate this, if necessary"
Wages with bonds
It's called "RISK OFF"
Hedge funds are record short treasuries: Commitment of traders 10 year treasury net speculative short positions:
And record long banks: Russell 2000 ("bank") long futures:
Volume is from the bank index ETF i.e. the one above showing all of the gains from the election were from financials...