In summary, the economy is slowing sharply, Europe is self-imploding (yes, again), small caps are tanking, recession stocks are rolling over, bonds are rallying and the Dow Jones Illusional Average is now held aloft by layoff announcements from Wintel. Willy Gates wants to monetize his shiteware while there are still morons willing to spend five minutes re-booting. Too much truth for one day? There's an app for that, it's called "CNN"...
Global GDP, consumer confidence, Italian GDP, Chinese home prices, Russian Ruble, housing starts, Q1 productivity, industrial production, second half revenue, June retail sales, oil prices - all tanked this week
The smart money has already left the building
Collapse always begins with the smart money cashing out while the masses are left holding the bag at the top. Oh wait, looks like it already happened
Economic DEFLATION is pushing bond yields lower
Starting this collapse from a much lower level in terms of bond yield, indicating the extent of economic damage already incurred. The disconnect with stocks is staggering especially compared to 2008:
Don't try this at home...
Euro with Spanish stocks: