The last two times the stock market broke its 50-week moving average, interest rates were falling, not rising. Because the expansion was over...
Bond bets on Fed rate hike, highest in five years
Countdown to liftoff
The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.