Earnings estimates slashed, reality forces long-overdue downward revisions. S&P, Nasdaq shorts hit multi-year highs. S&P 500 trails global markets like never before since 1988

Downward #earnings revisions have been outpacing upward revisions. As you know,we have been stating for quite a while that #estimates were way to high and would have to adjust lower for #economic realities.H/T @sentimentrader pic.twitter.com/rzDVOxozSy — Lance Roberts (@LanceRoberts) March …

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Downward revisions to economic numbers and corporate earnings imminent. S&P breadth weakest in over a year, signaling potential downturn. Credit spreads will spike.

Remember how I warned you all that after the election, we'd suddenly start getting "surprise" and "unexpected" downward revisions on all of the allegedly glowing economic numbers? 😎 Now watch corporate earnings and forward estimates revise down. — Uncle Milty’s …

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China outlook: A “downward spiral”, reckons SocGen. “From bad to worse” and “a vicious cycle,” says Barclays. “Things could get worse before they get better,” warns Morgan Stanley.

via Reuters A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in Asia, the Fed’s upcoming interest rate decision hangs heavily over world markets as …

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Labor market conditions index swings rapidly downward, signaling an imminent recession cliff ahead.

WARNING: Labor market conditions index has been steadily declining This systematically happens prior to recessions pic.twitter.com/w3YYWHR566 — Bravos Research (@bravosresearch) August 26, 2024 US firms’ ‘low firing’ approach may turn to more layoffs, Fed’s Barkin tells BBG WASHINGTON, Aug 26 …

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We’re in a new regime: higher volatility, lower liquidity, global deleveraging. Risk assets face bigger price swings and downward pressure…. $6.4 trillion erased from global markets in the past 3 weeks.

The “pain trade” is back… That means for traders it's a good time to consider smaller position sizing, wider stops and much more discerning execution. – Smaller size to reduce total exposure – Wider stops to account for illiquid, volatile …

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