One Trader Says “Don’t Fight The Fed…Or SWFs, Or SNB, Or Buybacks”

There is no end to the list of ‘real world’ problems underlying cuirrent equity market price levels and velocities(slumping ‘hard’ economic data, record high valuations, global thermonuclear war, Washington uncertainty, Fed balance sheet normalization to name a few). However, as former fund manager Richard Breslow points out, “equities continue to have friends in high places.” In other words, there’s a lot more to fight than just ‘The Fed’.

This post was published at Zero Hedge on Aug 24, 2017.