If It Walks Like A Bear, Growls Like A Bear…
by Tyler Durden
ZeroHedge.com
01/15/2016
BofAML’s Michael Hartnett says that clients are no longer in “denial” about recession/bear market risks; but clients not yet willing to “accept” we are already well into a normal, cyclical recession/bear market.
How about now?
As Hartnett warns, if it walks like a bear, and growls like a bear…
US 5y5y forward breakeven (USGG5Y5Y) collapses to lowest level since Mar’09.
The Rest…HERE