Citi: Central Banks “Took Over” Markets In 2009; In December The “Unwind” Begins | Zero Hedge

“The rise in return correlations occurred almost exactly at the time when the central banks effectively ‘took over’ markets. However, with the Fed now tightening faster than the market anticipated not long ago, and our economists expecting that it will cease to reinvest maturing securities in its portfolio from December this year, the unwind is underway.”

Source: Citi: Central Banks “Took Over” Markets In 2009; In December The “Unwind” Begins | Zero Hedge

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