Charting May (Day): The Markets Hit A Brick Wall
May is a month most would like to forget, especially those short IG 9-18 (and understandably so: in a world in which the virtuous cycle is now broken, and in which the only upside catalyst is central planner intervention, the money printers have been eerily silent). So just to remind readers of everything that happened in the past month, here are 95 slides from MS with the definitive summary of, well, everything that happened in the past month.
Source: Morgan Stanley (pdf)
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