Where’s Vladimir Putin when we need him? Having saved the world yesterday by spiking crude oil with his comments, the return of bond traders today sees a resumption of risk-parity fund deleveraging (as bond-stock correlations neared record highs).
Something had to give…
Stocks and bonds are getting slammed…
As Risk-Parity funds delever
And oil is not helping…
Charts: Bloomberg
via http://ift.tt/2dIi0vZ Tyler Durden