Despite no help from USDJPY, credit, or bonds; US equity markets have algo-ised vertically since the US Open as investors machines BTFWRSSL (Buy The F###ing Worst Retail Sales Since Lehman).It appears investors are once again listening to a certain "world-renowned" talking head on CNBC. But we have seen this divergence before...
Deja Bonds Vu...
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And JPY's not helping...
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Of course the real reason for the ramp is as follows:
The author of the "Gartman Letter" told CNBC Thursday that his "interest is not in owning U.S. shares at this point."
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