“You know what made yesterday so much fun? For a brief window of opportunity we were able to envision a lot of green shoots globally and talk in the context of a whole set of crystal champagne flutes half-full. Which central bank might be the next one to surprise with a hawkish spin was actually a topic. Speculation, idle or not, on widespread retractions of liquidity was good news, not of that soul-crushing bad news is good news variety.”
Frankly, writes former trader and Bloomberg editor Richard Breslow “it was the first time in a long time, I could say markets were compelling.”
This post was published at Zero Hedge on May 10, 2017.
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