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‘In Late January A Client Called Us With An Exasperated Query’: Why Barclays Sees A ‘Bumpy Road Ahead’
If you had to pick one simple chart that poignantly illustrates the whole "regime change" narrative, this would probably be it:
If there's elegance in simplicity, then that's pretty goddamn elegant. 1% moves in either direction were the exception in 2017. Now they're more the norm.
Global equities stormed out of the gate in 2018 and in January, equity funds saw a veritable avalanche of inflows.
In a testament to the notion that we had reached peak euphoria, E*Trade added 64,581
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