It is the 21st of September 2019

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Barrage Of Billionaire Bears Predict Doom And Gloom, Refuse To Sell

Shortly after the most famous PIMCO alum, Bill Gross, unleashed today's dose of doom and gloom when he warned that market risk is the "highest since before the 2008 financial crisis" and warned that “instead of buying low and selling high, you’re buying high and crossing your fingers,” his replacement and current PIMCO CIO, Dan Ivascyn shared a similar dour outlook on the economy at the Bloomberg Invest summit, where he predicted that U.S. growth will "likely be in the mid-2% range and, given the current global fiscal and geopolitical risks, the 10-year Treasury could fall as low as 1.5%."

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El-Erian: "All This Could Lead To Some Unpleasant Market Outcomes"

Stability breeds instability – this was economist Hyman Minsky‘s lasting contribution to the craft.  The Minsky Moment , popularized during the 07-09 US housing crisis, basically suggests breeding animal spirits too long creates systemic problems. Essentially, the ongoing rises in asset prices creates the sense of a new paradigm, that the elevated activity was safe, and home prices couldn’t fall.. that didn't end well.

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"Someone Is Blowing Up": RBC Warns China-Induced Unwinds Are Escalating

"Something is off," warns RBC's head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China's liquidity tightening is spooking the reflation story.

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As Retail Investors Flood Into Stocks, Professionals Are Dumping Speculative Longs

"Fear of missing out" is quickly becoming the go to phrase for what's left of America's stock market investors. As The Wall Street Journal reports, investors have poured money into stocks through mutual funds and exchange-traded funds in 2017, with global equity funds posting record net inflows in the week ended March 1 based on data going back to 2000, according to fund tracker EPFR Global. Inflows continued the following week, even as the rally slowed.

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