美银：flow show-Stay BIG, sell rips

The Flow Show Stay BIG, sell rips Scores on the Doors: gold 26.2%, govt bonds 5.6%, IG bonds 3.9%, HY bonds 2.5%, cash 1.3%, commodities -1.8%, stocks -3.3%, US$ -8.5%, oil -12.5%, crypto -25.6% YTD. Zeitgeist: "If no recession, equity lows are in, simple; but can't jump back on bull unless Treasury yields falling below 4%, and earnings growth stays above 5%", asset allocator. Tale of the Tape: 3Bs of Bonds (fastest 50bps UST jump since May'09), Base (Trump approval drop from 53% to 46% – Chart 3), Billiona ...