From the nearby highs, the SPX is -14.7%, Russell 2000 is -22.5%, Oil is -39.1%, Copper is -18.0%.

From the nearby highs, the SPX is -14.7%, Russell 2000 is -22.5%, Oil is -39.1%, Copper is -18.0%. It's not just the stock market. All markets are flashing a yellow flag on the economy. Investors clearly not aligned with the Fed's 2.3% growth forecast.

— David Rosenberg (@EconguyRosie) December 20, 2018

https://twitter.com/OccupyWisdom/status/1075804975723356160

Deutsche Bank plunges to fresh multi-decade low on angst of a global slowdown. Now down 56% ytd. pic.twitter.com/feFjwco7Qd

— Holger Zschaepitz (@Schuldensuehner) December 20, 2018

#ES_F seasonality is similar to 2000 pic.twitter.com/N0iTVynLpA

— Alastair (@StockBoardAsset) December 20, 2018

US Philly Fed Business Index rolling over pic.twitter.com/XGZPUwD9YD

— Alastair (@StockBoardAsset) December 20, 2018

https://twitter.com/NorthmanTrader/status/1075812864483561473

https://twitter.com/OccupyWisdom/status/1075777332059824128

pic.twitter.com/fh8SQTYlMh

— M/1_LP (@MI_Investments) December 20, 2018

As hard to believe as it is, the Fed actually sees the job market as a leading indicator. What they should consider instead, part 3: the credit cycle pic.twitter.com/bHzAKGAtiY

— David S. (@David_Schro) December 19, 2018