The Return of Voldemort

Dark Marks have been flying around recently like it’s the Quidditch World Cup.  Here’s a brief selection:

• Inverted yield curve (the 10-yr yield has been below the 3-mo yield for 6 days and counting.  Emphasis on “and counting” after that ridiculous Mexican tariff tweet last night).
  
• Most reasonable levels of market support have been broken (again, thanks to last night’s tweetstorm).
  
• Global exports lowest since 2009
  
• Falling auto sales
  
• Crumbling manufacturing activity
  
• Service sector slowdown
  
• Disappointing capital goods orders
  
• US home prices down 12 months in a row
  
• Highest credit card delinquencies in 8 years
  

And then there’s the dead unicorns.

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