Good morning. Probably not a good sign…

https://www.wsj.com/articles/pension-funds-dilemma-what-to-buy-when-nothing-is-cheap-1514808000

The Eurozone recovery

https://pro.creditwritedowns.com/2018/01/the-eurozone-is-fully-recovered-from-the-sovereign-debt-crisis.html

Institutional Investor flows are correlated with past returns…

http://ritholtz.com/2018/01/institutional-investors-chase-returns/

Trends in international banking

https://www.mckinsey.com/industries/financial-services/our-insights/the-new-dynamics-of-financial-globalization

For the bond lovers out there

https://www.bondvigilantes.com/blog/2018/01/02/2017-investment-grade-review-rising-tide-lifts-boats/

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