An Inconvenient Truth For Equity Bulls

Yes we know "Facebook crushed expectations" but…

US Macro data just suffered its worst two-week streak of weakness and disappointment in 14 months… And earnings expectations 'dead-cat-bounce' has died.

 

With The Fed leaning hawkish, The ECB having shot their wad, and The BoJ failing to surprise – what is holding stocks up here (apart from buybacks?)

Charts: Bloomberg

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