Some investors are clearly getting out of the Fed-generated “herd” trades of recent years… where next?
This year has seen various uber-leveraged hot-money trades unwind… the commodities trade ended in Q1 (and rotated to US equities), EM debt/equity trade ended in Q2 (and rotated to US equities), and HY Credit ended in July (and rotated to US equities)… so now that we are on the cusp of the End of QE, is the US equity market “there is no alternative” trade the last man standing to be unwound?
via Zero Hedge http://ift.tt/1DE4Jes Tyler Durden