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Stocks continue to live in la la land.

Bond yields, oil and credit are rolling over.

If you’re looking for a template for what’s coming to the US during the next crisis, Europe is the place to start.

All of this is aimed at one thing: plugging this gap.

All of this is designed at one thing: convincing the general population to sign off on wealth confiscation.

Rather than looking at highly massaged government data, let’s take a look at how companies, whose job it is to maximize their returns, are faring.

The market rally has devolved into a complete farce.

The October meltdown was the stock market figuring out what hits in 2019.

Next comes the next leg down.

China has added $50 TRILLION in new financial assets to its financial system in the last FOUR years.

This market rig is running out of steam.

Powell finally realized that Fed policy was blowing up the financial markets. Unfortunately for him, it’s too late.

Now we find out where assets trade without Fed intervention (hint: a lot lower).

Last week’s rally was the result of multiple interventions. 

Stocks will be returning to levels associated with ECONOMIC realities, rather than bubbly heights.