What you’re not being told is global trade is plunging again — the whole narrative by wall street was that growth was supposed to pick up at the end of the year.

what you're not being told is global trade is plunging again — the whole narrative by wall street was that growth was supposed to pick up at the end of the year. pic.twitter.com/AMme1tCF4A

— Alastair (@StockBoardAsset) November 1, 2019

ANZ Global Leading Index is well below trend pic.twitter.com/MCpNL3gaH1

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 31, 2019

Overnight PMIs (below 50 is in contraction)
Netherlands ⬇️ 50.03 v 51.6
Greece ⬇️ 53.5 v 53.6
Sweden ⬇️ 46.0 v 46.3
Ireland ⬆️ 50.7 v 48.7
Switzerland ⬆️ 49.4 v 44.6
Norway ⬆️ 54.9 v 51.8
UK ⬆️ 49.6 v 48.3
Turkey ⬇️ 49.0 v 50.0
Czech Rep ⬆️ 45.0 v 44.9
Russia ⬆️ 47.2 v 46.3

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 1, 2019

(JPPMIF=ECI) 31 Oct – 08:30:24 PM – JAPAN OCT FINAL MANUFACTURING PMI SHOWS OUTPUT, NEW ORDERS SHRINK FOR 10TH STRAIGHT MONTH – [RTRS]

— Alastair (@StockBoardAsset) November 1, 2019

US: Consumer confidence indices below two year trend (ANZ) pic.twitter.com/ulfFO8MutB

— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 31, 2019

(KRW= KRTBLP=ECI) 31 Oct – 08:00:00 PM – S.KOREA SAYS OCT SEMICONDUCTOR EXPORTS -32.1% Y/Y – [RTRS]

— Alastair (@StockBoardAsset) November 1, 2019

A #recession still seems to be a black swan for Wall Street analysts….82 are surveyed by Bloomberg and not even one out of those 82 expects a recession in 2019,2020 or 2021…#careerrisk #mindtheyieldcurve #earningsrecession @RaoulGMI @ttmygh @jessefelder @MarkYusko pic.twitter.com/FQHKyLDFIG

— Ronnie Stoeferle (@RonStoeferle) November 1, 2019

US MFG. Contracts For 3rd Straight Month As Production, Imports Plummet

“…the overall picture therefore remained one of only very modest growth and guarded optimism…”