Market signals bode ill nowadays for investors looking to deploy cash into liquid markets, according to distressed debt investor Oaktree Capital Group.
The powerful mix of portents is akin to a “witch's brew,” Oaktree's chief executive officer Jay Wintrob said on Monday.
Wintrob rattled off a list of market anomalies that he reckons signal we are in the end days of a bull market.
Among them is investors’ complacency towards geopolitical risk in Korea, there has been a notable lack of reaction across equity and credit markets to North Korea’s missile launches.
Argentina’s issue of $2.75 billion...
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