Saturday, September 10, 2016

Globalized Singularity: RISK OFF

As stunned dunces are about to find out, it's called "Globalization" for a reason...

Yesterday, all global risk assets fell as one...

This portends badly for next week...
NYSE Advance - Decline weekly close:

Stocks above 50 day moving average:

Down volume / up volume:

Consider a Credit Suisse Group AG gauge known as the cross-market contagion indicator, which tracks price relationships in equities, credit, currencies and commodities. It shows that different markets are influencing each other in 2016 at a higher rate that any time since the measure was invented in 2008.

All of the S&P Mega caps across all sectors were down: