Stoned gamblers piled into risk at the top on the premise that 0% forever was "good news". That strategy was ALWAYS going to end badly. In China the government lies about the economy. Here in the U.S. the government doesn't have to lie, because sheeple ignore the truth at all costs. It's a slightly different strategy, leading to the exact same result, "unforeseen" MegaPlosion...
Speaking of which, I see no upside for markets based on tomorrow's jobs report. If by some miracle it comes in high, it will be seen as increasing the odds of a June rate hike. However, based upon the recent jobless claims data, ADP reports, Challenger layoff reports etc. the report could very well come in lower than expected. An advent which would inform everyone and Warren Buffett that they're fucked company at 0%. Either way, the volatility and momentum disposition are ripe for an explosive move lower...
Dollar /Yen
Breadth momentum
Money flow
The S&P is sitting right in the (twice) prior breakdown zone
With Nasdaq down / up volume ratio
With Nasdaq down / up volume ratio
Total put/call ratio
Consumer staples
Bollinger Band volatility
