http://www.zerohedge.com/news/2017-0...on-assets-2017
Why "Nothing Matters": Central Banks Have Bought A Record $1 Trillion In Assets In 2017
http://www.zerohedge.com/sites/defau.../picture-5.jpg
by Tyler Durden
Apr 21, 2017 9:38 PM
A quick, if familiar, observation to start the day courtesy of Bank of America which in the latest overnight note from Michael Hartnett notes that central banks (ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, "the largest CB buying on record."
http://www.zerohedge.com/sites/defau...hart%201_0.jpg
As Hartnett notes, the "Liquidity Supernova is the best explanation why global stocks & bonds both annualizing double-digit gains YTD despite Trump, Le Pen, China, macro..."
http://www.zerohedge.com/sites/defau...upernova_0.jpg
http://www.zerohedge.com/sites/defau...eet%20DB_0.JPG
And for those who have still not seen it, here is the only chart that matters.
http://www.zerohedge.com/sites/defau...d%20more_0.jpg
Finally, as a reminder also from Hartnett, any time the central bank punch bowl is taken away, an unpleasant "financial event" inevitably happens.
http://www.zerohedge.com/sites/defau...%20rates_0.jpg
Comments from Benjaminis: Now we SEE why the Equity Markets are going up and staying up until they are not. The BIGGEST QUESTION is when they SELL or STOP Buying.... Then What ? A Market Crash...
Why "Nothing Matters": Central Banks Have Bought A Record $1 Trillion In Assets In 2017
http://www.zerohedge.com/sites/defau.../picture-5.jpg
by Tyler Durden
Apr 21, 2017 9:38 PM
A quick, if familiar, observation to start the day courtesy of Bank of America which in the latest overnight note from Michael Hartnett notes that central banks (ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, "the largest CB buying on record."
http://www.zerohedge.com/sites/defau...hart%201_0.jpg
As Hartnett notes, the "Liquidity Supernova is the best explanation why global stocks & bonds both annualizing double-digit gains YTD despite Trump, Le Pen, China, macro..."
http://www.zerohedge.com/sites/defau...upernova_0.jpg
http://www.zerohedge.com/sites/defau...eet%20DB_0.JPG
And for those who have still not seen it, here is the only chart that matters.
http://www.zerohedge.com/sites/defau...d%20more_0.jpg
Finally, as a reminder also from Hartnett, any time the central bank punch bowl is taken away, an unpleasant "financial event" inevitably happens.
http://www.zerohedge.com/sites/defau...%20rates_0.jpg
Comments from Benjaminis: Now we SEE why the Equity Markets are going up and staying up until they are not. The BIGGEST QUESTION is when they SELL or STOP Buying.... Then What ? A Market Crash...
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