This divergence will matter soon….

$SPX$WTI

This divergence will matter soon. pic.twitter.com/eBr42L4Ql7

— HOZ (@MFHoz) August 22, 2021

Nasdaq new lows pic.twitter.com/sivNFDbTNU

— zerohedge (@zerohedge) August 22, 2021

2) The small-cap Russell 2,000 closed below its 200-DMA for the first time in ~11 months last week, ending its 11th longest streak of closes above its 200-DMA on record since 1978. t.co/NlZt4pAvY0 pic.twitter.com/Mpn4oGSE1d

— Bespoke (@bespokeinvest) August 22, 2021

hm….

What does this tell you? pic.twitter.com/MTu81rNLKC

— HOZ (@MFHoz) August 22, 2021

#recession … #GFC2 Japan #PMI editiont.co/1mqxLMAukA pic.twitter.com/ZgfNZJM7Gs

— Invariant Perspective (@InvariantPersp1) August 23, 2021

Aussie PMI under delta pic.twitter.com/5zq5QRpEjX

— Callum Thomas (@Callum_Thomas) August 23, 2021

Australia composite PMI down to 43.5

"New orders continued to decline…both output and outstanding work declined…firms also lowered their staffing levels for the first time since October 2020…the rate of input price inflation remained historically elevated…" pic.twitter.com/k2jIBzIx5M

— David Scutt (@Scutty) August 23, 2021

Stewie – pretty nice looking wedge on the credit card stocks too. $V $MA pic.twitter.com/qmWCCLTEgq

— Sp3cul8r (@sp3cul8r) August 22, 2021