Crime Does Not Pay

Every part of this circus is riddled with corrupt bullshit. That's what happens when corporations take over the entire world, non-stop self-serving garbage. I mean, "marketing"...

If my count is right, this next leg down is the panic wave and something tells me that Skynet won't be able handle it. No, I did not make this up:

Here is the set-up on the hourly chart. Realized vol almost as high as February. New lows far higher:

NYSE breadth at smash crash levels:

Europe is in 2016 mode:

Germany is in 2008 mode:

China

Hong Kong

Bombay Sensex

The Nikkei is right at the 200 day

Here is where it gets interesting. Trump has been hammering the Fed over interest rates. Non-stop. Because as we all know:

"If they raise rates even a little bit, the stock market is going to come crashing down"

Below we see Treasury inflation expectations versus oil. The fact is that the Fed is not controlling interest rates, inflation expectations are. Incidentally, the last president who tried to manage the Federal Reserve was Nixon which set off the biggest inflationary outbreak in U.S. history.

The only thing that will bring lower interest rates is recession. So Donny should be careful what he wishes for... 

"Oil prices extended losses on Wednesday after U.S. inventory data showed a much larger than expected rise in U.S. crude stockpiles."