Highflying U.S. stocks could be headed for an uncomfortable descent as the wash of central-bank liquidity that has given equity markets a boost this year begins to ebb, according to one longtime Wall Street strategist.
A few months ago, Citigroup strategist Matt King published a note to clients highlighting a $1 trillion injection of central-bank liquidity, engineered primarily by the People’s Bank of China, along with the Bank of Japan, European Central Bank, and the Federal Reserve which he said helped to explain the strength…
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