Charts to Make You Go: 'ARGGHHHH'
Investors climbing a (Chinese?) wall of worry on Thursday probably don't need to add to its bulk.
Nevertheless, Matt King has a smorgasbord of ugly charts to share. In an aptly-timed note, the Citigroup strategist suggests markets are "dangerously close to a paradigm shift" that would entail the end of liquidity-fueled markets and a "return to fundamentals." The only problem is "those fundamentals are themselves following markets."
Scared yet? Here's a quick sampling.
An intestine-like depiction of the gut-wrenching year that was 2015 for active managers:
A summary of King's previously-covered "greater fools" in markets theory:
A chart of bursting bubbles that suggests the world's supply of greater fools may be dwindling:
And (speaking of greater fools) a particularly ugly chart for credit investors: