The “sharp cross-sector split.”
Plunges like this only occur when something big is going on.
It’s getting painful: only exceptions were in the early 1950s.
Brick-and-mortar retailers are being taken out the back and shot.
“Hopefully… It’s not the beginning of something really bad.”
“The wheels have come off this quarter.”
Ugly, ugly, ugly. Manufacturing and non-manufacturing.
Look at the Fed’s dashed hopes!
Slack demand and sudden overcapacity.
Leading indicator of trade, economic growth, and geopolitical instability.