While it is easy, even sentimental, to pin what may (or may not) be a bubble, or as some call it – market – top on the recent liquidity and euphoria-soaking IPO of China’s megaretailer Alibaba and its sliding chart since it broke for trading, a la what the Blackstone IPO did to the previous bubble, it is also wrong. The reality is that the attention of what few carbon-based investors and traders are left, is glued to very different chart: the one below from Deutsche Bank, showing the  between the S&P and the total assets owned by the Fed.

Read on for the reason why HERE