05/19/2017 - Peter Boockvar: All 5 Major Central Banks Are Going To Turn Off Liquidity

“Some have disagreed with me but I’ve remained steadfast that the post election stock market rally was mostly due to hopes for tax reform and regulatory relief (the Trump put I’ve heard from some) and the positive impact that would have on earnings. I’ve also repeated, likely to your annoyance, that the elephant in the market room in 2017 is that this will be the first year that all 5 major central banks will in some fashion turn off some of the liquidity lights at this party. Thus, the lack of tax and regulatory reform or a watered down version and the tightening of monetary policy would be the two main risks to stocks.”

LINK HERE to the article