Drinking The Kool-Aid: Global Collapse As Buying Opportunity

Globalization is so robust that it can be imploded by a quarter point rate hike. However, the Fed has only monkey hammered global risk assets twice already, so the Idiocracy considers this a buying opportunity. The Fed is back on the rate hike warpath, because they still haven't figured out that Globalization makes divergent Monetary policy impossible. These are not the sharpest tools in the shed, we know that much...

In other words, it's countdown to Fed rate hike time again:

But we need not wait for the Fed to take action again because the dominoes are already falling, and some never stopped from last time...

Apart from minor rallies, Japanese Yen carry has been RISK OFF for an entire year now. By far the weakest risk indicator:

In this latest Fed inspired "doom loop" aka. circle jerk, the Chinese Yuan left the party first and has been falling for almost two months now, since the beginning of April (Not shown).

The global Dow peaked over a month ago:

Gold, shown below, the leading asset class this year, peaked at the beginning of May and is now falling hard...

Canary meet coalmine:

Agriculture commodities are rolling over again...

Oil is the last to roll over, nevertheless it's clusterfucked at its 200 dma, so I suggest that rollover is imminent:

USO ETF i.e. the tail wagging the dog...