Submitted by Chris Martenson via PeakProsperity.com,
No, that’s not a ‘click bait’ sensationalist title. Things are getting ‘weird’ out there if you’re trying to be polite, and downright 'chaotic' if you're being blunt. Everywhere we look, we see signs that the systems that support us are breaking down.
Seriously...
http://www.youtube.com/watch?v=FsqJFIJ5lLs
First things first - it's payrolls day so stock ramp no matter what... But gold topped stocks post-payrolls and bonds were sold as crude rallied most...
It's been a volatile week...
Submitted by Pater Tenebrarum via Acting-Man.com,
Tax Receipts vs. the Stock Market
Following the US Treasury’s update of April tax receipts, our friend Mac mailed us a few charts showing the trend in corporate tax payments. Not surprisingly, corporate tax payments and refunds mirror the many signs of a slowing economy that have recently emerged. An overview in chart form follows below. First up, corporate tax receipts in absolute figures.
Well that escalated quickly.. After 3 VIX-smash saves this week, the selling pressure won (for now) as a dead-cat-bounce after the dismal jobs data has sent S&P 500 back into the red for 2016 (joining Nasdaq and Small Caps) with Dow and Trannies getting close...
The bounce is dead...
After 3 VIX-smashing saves...
But Bonds & Bullion lead the way since The Fed's rate hike...
Ahead of the most important macroeconomic event of the week, US nonfarm payrolls (Exp. +200,000, down from 215,000 and following a very poor ADP report two days ago), the markets have that sinking feeling again.