We’re going to need another meme… the great pretense of the great rotation as ‘investors’ dump bonds and buy stocks with both hands and feet as they realize growth has reached escape velocity and its time to BTFATH… has failed. As the following chart from JPMorgan shows, the brief period of net flows to stocks over bonds has ended. If a rally like this can’t get the animal spirits flowing in anyone but the C-Suite of your local share-buyback-ing corporation, when will it?
Source: JPMorgan
via Zero Hedge http://ift.tt/1oiloed Tyler Durden