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
About 2% away from a bear market in the #NYSE COMPOSITE pic.twitter.com/7MojNr2Vll
— OCCUPY WISDOM (@OccupyWisdom) December 20, 2018
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 Williamson (@StockBoardAsset) December 20, 2018
US Philly Fed Business Index rolling over pic.twitter.com/XGZPUwD9YD
— Alastair Williamson (@StockBoardAsset) December 20, 2018
At current levels (week not over) the weekly RSI on $RUT is the lowest since 2008 pic.twitter.com/4Sk6Y5EuuD
— Sven Henrich (@NorthmanTrader) December 20, 2018
The housing market, oil market, stock market (small caps, tech, financials, materials, energy, transports, homebuilders), auto market, lumber market aren’t predicting the growth the Fed is…
— OCCUPY WISDOM (@OccupyWisdom) December 20, 2018
— M/I_Investments (@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
— D.Schrottenbaum, CFA (@David_Schro) December 19, 2018