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"Central Banks Have Created A Fake Market"

22.05.20, 21:56

Not only is it not fun, there is a sense of dejected resignation (perhaps as market experts see their careers become obsolete), one which was especially palpable when reading the latest Flow Show report from BofA's Chief Investment Strategist Michael Hartnett who writes that these are "fake markets" in which "government and corporate bond prices have been fixed by central banks...why would anyone expect stocks to price rationally?"


www.zerohedge.com/markets/central-banks-have-created-fake-market-bofa-asks-why-anyone-would-expect-stocks-trade


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