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 Bank Of America Declares "Apocalypse Dow"

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RR Phantom

RR Phantom

Location : Wasted Space
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Bank Of America Declares "Apocalypse Dow" Vide
PostSubject: Bank Of America Declares "Apocalypse Dow"   Bank Of America Declares "Apocalypse Dow" Icon_minitimeFri Jan 04, 2019 3:17 pm

2018 was a bad year for stocks... and most other assets: as Deutsche Bank showed,  a record 93% of assets posted a negative total return in the past year.

Bank Of America Declares "Apocalypse Dow" Worst%20year%20on%20record

Yet while bonds dropped 1.2%, equities lost 8.7%, and commodities were down 13.1%, it wasn't a bad year for cash, in fact, with a 1.8% return, this was the first year since 2000 that cash outperformed both bonds and stocks.

Bank Of America Declares "Apocalypse Dow" Global%20banks%20vs%202008

This abysmal cross-asset returns weren't lost on investors, and 2018 was the year when, according to BofA's Michael Hartnett, we saw "Big flow capitulation" consisting of record outflows in past 6 weeks in equities ($84b) & IG bonds ($34bn) offset by record government bond inflows ($24bn) over the same 6 week period.

https://www.zerohedge.com/news/2019-01-04/bank-america-declares-apocalypse-dow?fbclid=IwAR3Q-cJccsXWRZFsi-Qq6wkMeuiA7mcTxG1xG51zHtwHUvPHB5rzGm0JCu8
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