been noticing that if GBP is weak, so are US equities lately. Which is the cart and which the horse...or, are both part of the same team?
the Powers-that-be have papered over every problem for over 4 decades. A huge derivative pile of flashbang.
Going to call this "The Panic of the 1%," if it occurs.
Once the SPX breaks 666, the 1% will be broke and selling everything. Not like 5 years+ ago where they broke arms to be made whole. Won't bother most of us, although they will say all will die. No help this time. A true "Rich Man's Panic."
icd
