Let’s see…we have semiconductor sales down 24% since October and oil prices (WTI) down 20% since April, the most negative yield spreads between 7- to 10-year bonds and their 1-to 3-year counterparts since the tech bubble, a contraction in global manufacturing and the highest job-cut announcements in the auto and industrial goods sectors since 2010 (Challenger, Gray & Christmas). And this is only Wednesday.
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