"Markets are distorted, [3]" was the message Citi's Matt King implored investors to comprehend in his latest missive, and it appears speculators are growing disillusioned with their 'faith' in markets one asset-class at a time. In the interests of simplifying the decision of whether to believe markets are driven by fun-durr-mentals (or not), the following two charts should help clarify your decision to BTFATH...
Fundamentals are no longer the driver for credit...
[4]
or stock markets...
[5]
Source: Citi's Matt King