Saturday, August 6, 2016

Chart of the Day: Pavlovian Conditioning: Payroll Announcements Equal Panic Buying

Well, it seems that payroll announcements in the US, over the past 6 months, regardless of its outcome--whether beat or miss--has spurred panic buying in US stocks.


From Zero Hedge

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Philippine Banks: June’s Financial Losses and Liquidity Strains Expose Late-Cycle Fragility

  Debt-fueled booms all too often provide false affirmation of a government’s poli­cies, a financial institution’s ability to make outsized ...