Albert Edwards: Central Bank Hubris Is A Sell Signal

Finding successful and consistent indicators to future market moves is a Holy Grail-like quest for market analysts such as Societie Generale’s Albert Edwards. In an April 13 commentary, he considers various measures of hubris that lead not to glory but downfall – and then points to overconfidence in the markets to which investment managers should avoid at all costs. Perhaps the most telling market indicator is that of central bank hubris. Central bank hubris: Deflationary fears in Europe are no longer There are numerous indicators that, on the surface, might point to glittering success but underneath actually reveal hubris and…