Deutsche Bank Throws In The Bullish Towel, Says “Next 5% Move Is Likely Lower”
by Tyler Durden
ZeroHedge.com
Jun 13, 2016
With Morgan Stanley, JPM, BofA and even Goldman Sachs having thrown in the towel on the ongoing stock market ramp, inspired in equal part by HFT momentum strategies, central banks, and a relentless short squeeze, Deutsche Bank’s equity strategist, who until now valiantly was cheerleading to bullish case, has finally waved the white flag of surrender and in an overnight note admits that “the 5% move is likely lower.”
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