Citi: Central Banks “Took Over” Markets In 2009; In December The “Unwind” Begins

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Market Commentary

Citigroup’s crack trio of credit analysts, Matt King, Stephen Antczak, and Hans Lorenzen, best known for their relentless, Austrian, at times “Zero Hedge-esque” attacks on the Fed, and persistent accusations central banks distort markets, all summarized best in the following Citi chart…
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… have come out of hibernation, to dicuss what comes next for various asset classes in the context of the upcoming paradigm shift in central bank posture.
In a note released by the group’s credit team on March 27, Lorenzen writes that credit’s “infatuation with equities is coming to an end.”
What do credit traders look at when they mark their books? Well, these days it is fair to say that they have more than one eye on the equity market.

This post was published at Zero Hedge on Apr 8, 2017.