"Creating The Conditions For The Next Market Shock" - Nomura Fears "Unstable" Moves Ahead Amid Risk Catalyst Minefield

Ignoring today's dip - which (for now) ends the possibility of the longest win-streak for the S&P 500 in 20 years - the optimism suddenly espoused in equity markets over the past nine days is "almost frightening" according to Nomura's Charlie McElligott.

Source: Bloomberg