For a while, in that brief period between the August flash crash and the terrible September jobs report, it seemed that things may revert back to normal: bad news are bad news, good news are good news, and the economic cycle – as in the recession – is allowed to make a long-overdue repeat appearance from under the suffocating pressure of central banks.
Alas, it was not meant to be.
This is how DB’s Alekandar Kocic explained it: