Bank of America: "These Are The 4 Things That Can Pop The Central Bank Bubble"

@zerohedge -

@zerohedge—It's a new year… and just like last year, we greet it with not only record highs across equity markets, but a new rip tighter in spreads: as shown below, on Thursday the Barclays corporate index spread hit just +90 bps the tightest since Feb '07. And, as BofA's Barnaby Martin writes in an overnight note, what should be clear already is that this credit cycle won’t simply roll over and die of old age. "Far from it, we think. In fact, we believe one underappreciated risk by the market in 2018...