As the charts below will show, unlike 2008, this time Wall Street is historically long their Trumpian global exploitation fantasy aka. "America First"...
Emerging Markets
European stocks aka. IQ test for mega dunces...
$USD
The long Trumpflation trade
Record bets by proven serial idiots that the 30 year deflationary downtrend in U.S. treasury yields compliments of "free trade" will now magically reverse by Clownius fiat. Even as he monkey hammered EM currency lower thereby importing more deflation.
Fittingly, they are the architect of their own demise, while being too fucking dumb to figure it all out...
10 year Treasury shorts:
A reflationary fantasy based upon a minor end of cycle "plink" in minimum wage
The irony can't be overlooked...
Wage CPI (red) with one year Treasuries. I mean "reflation", just like the last two cycles only much smaller. Unfortunately the zombies have the attention span of a coked up flea...
The long oil futures trade (red). The last time speculators were this net long (2014), oil collapsed...
"The US rig count has posted its largest increase since the beginning of the shale oil and gas boom"
The Average stock / S&P ratio:
The Nasdaq
The damage is done, just waiting for the Idiocracy to realize they got conned by the same serial psychopaths again...
S&P Earnings yield with global GDP growth (black line):
IPOs
