Smart Money Continues to Vacate the Building & Low Liquidity Ramps Reign

Not much can be said about the chart below other than it is disturbing and most certainly not something that any central banker is willing to talk about - publically at least.

Market participation continues to breakdown and wither. This is not good - not good at all.

July 20, 2015 - mcm Smart Money Index

July 20, 2015 - mcm Smart Money Index

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