Some great charts from The daily prophet about market action.
How small caps are now underperforming largecaps
Treasuries are rallying inspite of FED raising rates. US 30 year yield broke below 3% yesterday .. first time in last 1 month and bank index BKK broke down , after all flattening yield curve is not good for banks. Without banks participating in the Trump rally there can be no REFLATION
For those who have given up on excitement from china ,PBOC added lot of interbank liquidity in last few days as apparently some banks defaulted in interbank markets.
I mean WOW banks defaulting in interbank markets????
