Another day where spreads rise, market falls, commodities lose steam and dollar creeps up.
This is not the Fed, not trade wars, not political.
This is the hangover of a decade of global monetary excess. pic.twitter.com/5lPzMg4u5t
— Daniel Lacalle (@dlacalle_IA) December 17, 2018
Small cap stocks enter bear market, with Russell 2000 benchmark down 20% from highs
- After Monday’s decline, the Russell 2000 benchmark is now down 20 percent from its all-time high hit in late August.
- Small caps had outperformed their large peers earlier in the year on bets that domestic-focused companies would be immune to the trade tensions.
- “Small caps are riskier than large caps, and there are some concerns about the end of a cycle in the U.S. and that we are entering a recession,” said Tobias Levkovich, chief U.S. equity strategist at Citi.
It's happening again pic.twitter.com/gtcMMRRIc4
— Alastair Williamson (@StockBoardAsset) December 17, 2018
leveraged loan index rolling over after S&P500 is telling us that credit cycle could be coming to an end – this is where intervention is needed pic.twitter.com/eqQPs6loBA
— Alastair Williamson (@StockBoardAsset) December 17, 2018
Hug your grandmother tonight 👵🏻
SMART MONEY VS $DJI
Via @LordPolemos pic.twitter.com/iPjZ6x61rq
— OCCUPY WISDOM (@OccupyWisdom) December 17, 2018
— Jin SEO (@JTSEO9) December 16, 2018
LEUTHOLD GROUP: “.. investors are now simultaneously worried about both Stag and Flation. Either could end the bull market and kill this recovery.”@CNBC pic.twitter.com/ct9IXxlB46
— Carl Quintanilla (@carlquintanilla) December 17, 2018
Americans Turn More Pessimistic on Economy
(Bloomberg) — The number of Americans expecting the U.S. economy to get worse in the next year is at its highest point since 2013, a national NBC/Wall Street Journal poll shows.