Contrary to The Economist which asserts that 1% of people owning over half of the world's wealth is NOT proof of a zero sum game economy, when it comes to market liquidity, the world IS a zero sum game...And therefore when money flows out of Emerging Markets to fund a fake Trump rally, shit breaks soon after. And then people who believe The Economist get monkey hammered...
U.S market liquidity is tracking the World ex-U.S. one for one. The peak in U.S. market liquidity has led to a global sell-off every single time since July 2014 aka. the top in global stocks outside the U.S...
S&P Price / Volume (red) with World ex-U.S. (black)
The vertical blue lines indicate the three largest overnight downside gaps in the S&P 500 in the past 18 months:
Which confirms the other chart I was working on...
S&P 500 wave count with weekly money flow...
Nasdaq 100
22% Bearish
