The US had a nice drop at the start of the session.. recovery...

The US had a nice drop at the start of the session.. recovery and looks to be going a bit lower towards the end.

Will it smash down? Probably not at this point but you never know. Leave some extra in the tank for the financials tomorrow I'm guessing.

Everything is pointing for a trend shift down at this point. The narrative of lower interest rates won't occur until employment starts to drop substantially.

Wholesale inventories dropping. Unemployed dropping. The worrying figure is pending home sales increasing... that means there's more housing coming onto the market and likely not selling. Housing prices about to smash a lot lower there as the demand is reducing.

Would this relate to the lack of money in the economy and making it harder to get a loan.. round 2 of how to head towards a depression coming. The secret is how much money is flowing and this is drying up.