Data Mining aka. Faux News

In a 2014 speech, Federal Reserve Chair Janet Yellen drew attention to one comprehensive metric that would serve as a better pulse on the state of the jobs market than the unemployment rate alone: the 19-part labor market conditions index, or LMCI.
This composite barometer draws on a host of data, including employment, underemployment, workers' wages and average workweek length, job openings, as well as hirings and firings, to produce a summary statistic showing if conditions in the labor market improved from one month to the next. And what it's showing looks to be cause for concern: The LMCI has declined for five consecutive months, falling to its lowest level since the aftermath of the financial crisis in May.

LMCI with Gaap Profits

Doh!

LMCI with S&P 500

aka. "Sumamabitch!!!"

Denialation: The Problem That Fixes Itself

We live in a denialistically infantile and irresponsible Idiocracy consisting of morally void jackasses and fucktards the likes of which this planet has never seen. Comfort-seeking dullards who commit the exact same mistakes and trust the same psychopaths over and over again each time expecting a different result..this last crash is going to go a long way to fixing all that, one way or another...

ZH: August 4, 2016
Top 5 Global Companies Are All U.S. Tech

Apple

Amazon

Facebook

Google

The company that exceeds Wall Street expectations EVERY quarter by laying off thousands of people. The secret to business success...

MonopolySoft:

Bonus charts:

Nvidia

IPOs

http://www.renaissancecapital.com/ipohome/press/ipovolume.aspx

"It Was A Head In Ass Swan Event"

The lowest volume and volatility in a decade, what could go wrong?

Today's S&P (ETF) volume was the lowest non-holiday volume since 2006. Because stoned zombies going ALL IN has pinned the market at all time highs since mid-July, a trading range which is a 1 in 10,000 year event, assuming normal distribution. 

Cash balances:

A 1 in 10,000 year collapse in realized volatility visualized:

Short-term Realized volatility

Active Manager asset allocation

10 day Volume:

Oil shorts covered ahead of tomorrow's jobless report...

Oil implied volatility (black) with stock market implied volatility (red):

Skew / VIX ratio
Black Swan bets / Hedging

% Bearish

The third rollover
Banks, IPOs, Transports, Retail, Rest of World:

Consumer staples:

Realized Volatility

MAXIMUM IDIOCRACY

"Printing money was their secret to effortless wealth"

The (U.S.) stock market now only goes up when the global economy is tanking...

Last week we learned that combined Central Bank "asset purchases" are running at all time highs. And yet in June, pre-Brexit, the World Bank warned that global GDP growth is running at the lowest level since 2009, 2.4%.

In other words there has been a negative correlation between Quantitative Easing/U.S. stocks and Global GDP since 2011. In a normal economic cycle, Monetary stimulus peaks early in the recovery and then tightens during the balance of the recovery. In this bogus wreckovery, monetary stimulus has increased for seven years straight while GDP growth has gone in the other direction...

Global GDP (red) with combined Central Bank assets (black):

Global Yields confirm that printing money is not improving the economy. Who knew...

Oil, Junk Bonds, and Global Financials agree with GDP

The late cycle rotation to U.S. Recession stocks confirms GDP:

The global carry trade confirms GDP:

The World ex-U.S. agrees with GDP:

The Third Volatility Cycle: SHIT BREAKS

As it was in 2008, there have been two volatility spikes in the past 12 months. 

The third one is when the wheels come off the bus...and faking it non-stop for seven years straight turns out to be a bad fucking idea. Yes, again...

Realized S&P 500 volatility:

This third and last volatility cycle in 12 months features a manic blow-off top in U.S. large cap stocks, unconfirmed by every other asset class on the planet. Leading to a decline in every risk asset class at the exact same time...

The former leaders are rolling over hard:

The small cap rally is over
Equal weight / cap weight:

Breadth is collapsing...

A bounce in oil led today's feeble rally, Tech and Yield were in the red all day...

The cyclical rally is over
Retail:

Transports

JPY is testing multi-year lows as Japan's latest stimulus plan implodes...

Deutsche Bank new low:

Big cap tech weak across the board
Amazon:

The entire oil-related risk complex is rolling over
Junk bonds, Energy stocks, Emerging Markets:

Generation Madoff ALL IN @RECESSION

How else would this end, except with a generation of con artists believing their own bullshit...

Tech is leading again, at the tail end of the cycle...

Russell / Dow ratio:

Don't worry about getting out. You won't...

And Big Oil is getting sold hard as dividend cuts are now looming large...

"At this oil price level none of the oil majors can maintain their current dividend..."

Friday's GDP report got some attention over the weekend...

GDP less deficit: