The global shit show that is the bond market now encompasses $12 trillion in bonds yielding less than zero. The fuckery isn’t secluded to just the government market, but also corporate. As the supply for bonds dissipates from the market, making degenerates at the ECB and BOJ fraught with panic over where to ‘invest’ their monopoly money, you should expect to see more corporate bonds sink into negative territory.
courtesy of your benevolent central banks
What can go wrong?
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all the ivory tower idiot PhDs will roll hard into stocks and ETFs soon enough, capped off by helicopter money — careening toward the endgame collapse: maybe another week, maybe a few decades a la Japan…
to wit:
http://www.zerohedge.com/news/2016-10-02/jpmorgan-joins-yellen-and-summers-hinting-fed-may-buy-stocks-next
You know its the end when the network puts on a show like superstore.
That last chart, Jesus Christ…
No shit. In one year it quadrupled
And it will all be rated A or above paper until the very end.
The most dangerous set up ever until Nov 8. Pendulum guillotine willing to strike either side. With vicious intent.
I can’t see how this ends well. For now, long /ES
Proposed soundtrack for this post https://www.youtube.com/watch?v=F6EieqgGA-8
Yes or you could get a little scary with it https://www.youtube.com/watch?v=6vtsKGzGVK4
Tis the month…
maybe a prelude: https://www.youtube.com/watch?v=43YG2bsEQtM
Not lost on me
I dont even remember what a real sell-off is anymore..