The Bond and Currency Markets Scream “DANGER” But Stocks Are Always Last to “Get It”

Tuesday, July 5, 2016
By Paul Martin

by Phoenix Capital
ZeroHedge.com
Jul 5, 2016

The rally last week was likely end of the quarter performance gaming and little else.

Fund managers have to report their returns every quarter. With the markets gyrating throughout 2Q16, fund managers were highly incentivized to gun the markets higher in order to redeem the quarter.

However, bonds (the smart money) weren’t buying it at all. Indeed, bonds really haven’t been buying any of this rally since March.

The Rest…HERE

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