“It Looks Like We’re Doomed” – Pros Are Perplexed As S&P Heads For Worst Month Since 2009 Crash Lows

Thursday, October 25, 2018
By Paul Martin

by Tyler Durden
Thu, 10/25/2018

“It looks like we are doomed…

That is the ominous warning from Chris Rupkey, chief financial economist at MUFG Union Bank in New York, as he reflects on the ugly reality that is slowing revealing itself from behind Oz’s curtain of disinformation about how awesome the economy and earnings really are.

He’s not wrong – one glimpse at the ugliness of real ‘hard’ economic data (at its lowest in a year) opposed to the hope-strewn surge in ‘soft’ survey data, suggests reality remains a long way from most people’s perceptions for now…

Certainly in the short-term, things have suddenly escalated quickly as US markets catch down violently to the rest of the world (no, not decoupled, just lagged)…

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter