Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
Bad breadth, flaccid flow, and bonds bid – what could possibly go wrong?
The negative divergences are mounting…
Breadth is not at all supportive…
h/t Brad Wishak of NewEdge
“Smart money” Flow is decidely the wrong way…
And bonds are well bid…
BTFWTF – it could only be a non-economic indiscriminate buyer of last resort… the desperate to shrink their float and flatter EPS – corporate buybacks.