When Should We Start Welcoming In The Disappointment Phase?

When should we start welcoming in the disappointment phase? pic.twitter.com/BjZzJK4izP

— Alastair (@StockBoardAsset) April 13, 2018

ICYMI: Q1 Earnings Preview: Blockbuster Priced In; But Risk Of Disappointment Has Never Been Greater https://t.co/nMiWnggnf1

— zerohedge (@zerohedge) April 13, 2018

don't look at this chart pic.twitter.com/xvqcToaOxb

— Alastair (@StockBoardAsset) April 12, 2018

80% of S&P 500 gains have come during earnings seasons since 2013. 20-quarter streak of climbing during earnings season ended in February https://t.co/UXs28y1nJY pic.twitter.com/jsm2hMEGzW

— Trevor Noren (@trevornoren) April 12, 2018

.@SocGen_US: "The massive selling volatility flow that prevailed in the past two years and was preventing fundamentals from dominating has faded" https://t.co/3xzIgyurQR pic.twitter.com/iWjkKAyebb

— Trevor Noren (@trevornoren) April 13, 2018

Spread between 10-yr and 5-yr Treasury yields moves down to 17 bps, narrowest since July 2007. $TNX pic.twitter.com/Czyg3T9YTc

— Charlie Bilello (@charliebilello) April 11, 2018

As Malls Continue March to Extinction, Commercial Property Index Falls

“Leverage is why the Fed has been worried about the bubble in CRE.”

Job Openings Fall 176,000, Led By Food Service & Construction Workers

The latest JOLTS report showed an unexpectedly large contraction in the labor market, as the number of job openings dropped from a downward revised 6.228 million to 6.024 million, a 176K slide, as the series becomes increasingly volatile.