Tuesday, May 22, 2018

What The Fool Does At The End

Banks were on fire today. Regionals made new all time highs. No need to wonder why...

"Lawmakers voted 258-to-159 Tuesday to advance a measure that is the product of years of financial-industry lobbying to soften post-crisis rules"

Before we get to banks, I noticed that Transports have carved out a fractal identical to last cycle - one degree larger

"Free money"

ZH: Liquidity Is A Carefully Crafted Delusion

"The long expansion accompanied by relatively low market volatility may have helped disguise an under-appreciated rise in “market fragility.”