Good morning. Cool chart from the ECB, decomposing the citi surprise drop
https://www.ecb.europa.eu/pub/pdf/annex/ecb.sp180507_slides.en.pdf

The world of banking

https://www.economist.com/blogs/graphicdetail/2018/05/daily-chart-3

Mmmmmm….

https://www.wsj.com/articles/some-active-managers-smile-at-the-index-fund-robots-1525658760

Interesting bit of reading from the ECB on trade tensions

https://www.ecb.europa.eu//pub/pdf/other/ecb.ebbox201803_01.en.pdf

A bit of reading on bitcoin

https://www.frbsf.org/economic-research/publications/economic-letter/2018/may/how-futures-trading-changed-bitcoin-prices/

The Bull market in US Treasuries ended a long time ago…

https://www.bloomberg.com/news/articles/2018-05-01/forget-3-that-amazing-bull-run-in-treasuries-ended-years-ago

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