% Performance S&P 500 versus the Rest of the World since the 2007 peak.
The S&P is up 42%, the rest of the world is down -32%:
I'll be honest, I can't tell if overnight risk pertains to Yen, Yuan, WTI, Asian stocks, European Stocks, Global Financials or all of the above. Because it absolutely makes no difference...
This shows S&P downside gaps 90 dma.